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The proliferation of work-from-home (WFH) arrangements may have dampened outlook for office REITs at the height of the pandemic, but a reversal of this trend is underway in selected markets across Europe.

This was the assessment made by the CEO of IREIT Global’s manager, Louis D’estienne D’orves, in a recent call with analysts and members of the media.

IREIT Global is a Singapore-listed but Europe-centric landlord with a portfolio of ten office assets, five of which are located in Spain and Germany respectively.

The REIT also has a portfolio of 27 retail assets in France, which are largely leased out to sports chain Decathlon.

Related: IREIT Global retains optimism despite impending departure of major tenant