Core Capital Reawakens: Scale & Liquidity Drive Europe’s Real Estate Reset

November 2025 – 4 min read

Core capital is driving a reset in European real estate, as investors favour scale, stability, and liquidity amid a shifting market and growing trend towards consolidation.

Core capital is the lifeblood of the real estate industry and makes up the bulk of client allocations. It also provides essential exit liquidity for value-add equity and debt strategies—without core buyers, asset sales stall, capital recycling slows and the system ends up in gridlock.

This article was originally published in Green Street News on October 30th, 2025. Visit the article on their website.

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Paul Murphy

Head of Client Portfolio Management, European Real Estate

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