On October 7th, 2025, TCP Brokerage hosted the 10th edition of the TCP Expo Real Aperitif at the H4 Hotel in Munich. What began as a modest gathering ten years ago has grown into a valued tradition — an evening where real estate professionals, investors, and partners can connect in a relaxed, authentic atmosphere after an intense day at the Expo Real fair.

A Needed Pause in a Difficult Market

This year’s Expo Real took place against a backdrop of ongoing challenges in the real estate sector. Transaction volumes remain subdued, financing conditions are tight, and investor sentiment is cautious. Yet despite the difficult environment, the Aperitif once again provided a welcome moment of calm and perspective.

Many guests described the evening as “a perfect way to wind down after the fair” — a space to exchange ideas openly, reconnect with colleagues, and share thoughts about the future of the industry. In times like these, such genuine dialogue is more valuable than ever.

Expanding the Conversation: Kellogg Real Estate Alumni

The 2025 edition also welcomed members of the Kellogg Real Estate Alumni community, whose international presence and diverse perspectives enriched the discussions. The reunion added a global dimension to the evening and highlighted the importance of cross-border collaboration and learning in a market that demands both resilience and creativity.

A Decade of Building Relationships

Reaching the tenth edition of the TCP Aperitif is more than just an anniversary — it’s a reflection of what TCP Brokerage stands for.
From the very beginning, the goal of the event was simple: to bring people together. Over the years, it has become a symbol of the firm’s philosophy — that relationships and trust remain at the heart of real estate, regardless of market conditions.

Even in challenging cycles, meaningful exchange and long-term partnership continue to drive opportunity. For TCP Brokerage, these values are not just words — they are the foundation of how the firm operates, connecting high-profile investors and developers across the globe through insight, integrity, and collaboration.

Looking Ahead

As the real estate market continues to evolve, adaptability and connection will remain key. The 10th TCP Expo Real Aperitif served as a timely reminder that even when deal activity slows, the conversations, trust, and partnerships built along the way are what sustain the industry — and prepare it for recovery.

TCP Brokerage extends its sincere thanks to all clients, partners, and friends who joined this year’s celebration and have supported the event throughout the past decade.

Here’s to the next ten years of connection, dialogue, and shared vision in real estate.

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