The growing role of operational real estate is transforming the market as gravity shifts from capital to services, and from investors to tenants. Projects are becoming increasingly operational and demanding. The question is whether investors are aware and ready to accept this additional risk and complexity in their investment decisions regarding mixed-use, office, or living assets.

Student housing, senior housing, assisted living, mixed-use developments, entertainment, and retail in new formats require specialist operational expertise. While these projects come with additional costs, the value they bring is undeniable, although many investors are not yet able to fully evaluate this potential.