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NEW Germany 2026 market outlook — read the briefing →

M24 Sunshine
RESOURCES

Briefings, playbooks, data.

Long-form research and working frameworks our desk writes for institutional committees and mid-market sponsors. Three formats, one standard.

  • i WHITEPAPER

    Germany 2026: The Ready-to-Build Window.

    Supply thesis, yield recalibration, and where the next 18 months of equity gets priced.

    32 pages Institutional Gated

    A market-structure thesis on why German tier-1 residential and PBSA is set up for a two-year equity outperformance window, with city-level supply, absorption, and debt-gap data. Written for committee decks.

    • Berlin, Munich, Hamburg, Frankfurt — scheme-by-scheme supply pipeline through 2027.
    • Basel IV LTC impact modelled against 180 comparable debt packages.
    • Residual land values across seven micro-markets, compared to 2019–2024 baseline.

    We email it within a minute. No third-party sharing.

  • ii PLAYBOOK

    The Developer’s Equity-Structure Checklist.

    Twelve questions to answer before you open a data room.

    14 pages Working paper Gated

    The exact pre-diligence framework we use when a sponsor’s IM lands on our desk. If you answer these twelve questions cleanly, your equity raise moves from 6 months to 6 weeks. Free to download.

    • Senior-debt-first sizing: how to anchor your stack before you talk to equity.
    • Permit, GMP, and DSCR red flags that kill term sheets in diligence.
    • Template information-memorandum structure with section weightings.

    We email it within a minute. No third-party sharing.

  • iii DATA BRIEF

    European Yield Map, Q4 2025.

    Prime and value-add yields across eight asset classes, seven countries, updated quarterly.

    8-page brief Quarterly Gated

    Our working yield map. Prime office, prime resi, PBSA, logistics, data centre, mixed-use, high-street retail, and co-living across DE, UK, FR, ES, IT, LU, and NL. Updated every 90 days.

    • Bid–ask spread by asset class, plotted against 10-year swap.
    • Value-add uplift over prime — median and 80th percentile.
    • Deal-volume direction arrow per geography.

    We email it within a minute. No third-party sharing.

WORK WITH US

Want the underlying data, not just the PDF?

Institutional allocators and qualified sponsors can access our full data room on request.

Stay informed

Market notes from our desk —
monthly.

Short, sharp briefings on European real-estate equity flows, Basel IV, and deal structure. No fluff.

  • i Capital flows and equity structure across Germany, UK, France, Spain, Luxembourg.
  • ii Regulatory notes — Basel IV, CSRD, SFDR — what actually matters to deal structure.
  • iii Select case notes from our ready-to-build pipeline.
Ships month-end ~8 min read
ISSUE 18 · APR 2026
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“Why the German residential stack is re-pricing — and which ready-to-build windows close first.”

Partner note Capital structure

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