MIPIM 2023 Digital Edition

That is absolutely justified. But we‘ve also
experienced notary appointments where
the buyer didn’t show up. Today, more
than ever, the good old business caution
applies: the deal is not done until the
ink is dry and the money is in the bank.
We don’t see significant transactions at
the moment. The institutional investor
in particular is very much expectation
driven. Bets are being taken on whether
or not you will soon see a four percent
prime rate. Ask three banks, and you get
four opinions.
... and if I ask you?
My bet stands at 3.75. The question is,
how fast will the peak be reached? I‘m
one who prefers to rip the Band-Aid
off quickly rather than slowly. Once
you reach that peak, the expectation is
already going back to, „How fast are interest
rates going down?“ That stimulates
financial markets.
Whether it takes one, two, or three
steps is up to the ECB. If you analyze the
past ECB steps carefully, the last step
was usually the one that was too much,
according to experts from the Financial
Times, among others.
To return to our fund: Currently, there
is a historic opportunity to buy three
hectares of building land projects in
the heart of the most stable real estate
market in Europe. Whether we will see
investor reluctance here because of an
interest rate peak that may last twelve
months - the next few months will tell. I
don’t think so.
Sebastian G. Nitsch
Sebastian G. Nitsch has been at the helm of 6B47
Real Estate Investors AG since September 2020.
The native Viennese has been a member of the
management team since 2010 and a member of
the Board of Directors for Corporate Finance and
Investor Relations at 6B47 since 2013. Since 2016,
he has been responsible as CFO of the entire
group of companies.
Before joining 6B47 Real Estate Investors AG,
Nitsch spent five years on the management
board of the Dekron Group, where he was primarily
responsible for investments in companies in
the field of mergers and acquisitions, as well as
driving the creation of real estate funds and the
project development of commercial and retail
properties. Prior to that, he started his career as
a board member of an asset management company,
where he worked for nine years.
Dedicated to Real Estate,
focused on solutions.
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