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Savills Nordic chief sees "profitable 2019" on real estate sell-off

Peter Broström, Nordic head at Savills Investment Management, expects next year to be a profitable one in terms of transactions -- including sell-offs from players who went on a shopping spree three to five years ago, he tells AMWatch's sister site, EjendomsWatch.

Peter Broström, Head of Nordic at Savills. | Photo: PR

What are your expectations for 2019 in your line of business?

"If the retail real estate market stays at the current low level, I expect several of the players who went on a shopping spree three to five years ago will choose to realize a profit. If that is the case, I believe that 2019 will become a profitable year for transactions in our line of business.

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Savills IM working hard on first Nordic residential investment

The global property investor has plans to expand its growing portfolio in Denmark with a new asset class, residential real estate, "very soon," says Head of Nordics Peter Broström. The manager still believes in the office and retail sectors, despite the pandemic and rising inflation.

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