Brave Ideas What Are the 3 Key Opportunities that Real Estate Investors Don’t Want to Miss?
Insights from Cromwell Property Group at MIPIM with Tom Duncan
In this episode, Caleb Parker is joined by #WorkBold Podcast alum, Tom Duncan, Head of Research & Investment Strategy from Cromwell Property Group. Tom was a distinguished guest on Episode 7 of Season 6 of the podcast, titled “Why Office Investors Must Act with Conviction in the Current Market”, where we discussed his recent white paper diving into what he called “the age of Space-as-a-Service”.
He returned for this MIPIM edition to give us an update on their strategy, including Cromwell’s “wooden building” concept.
They also talk about taking risks and pursuing innovation in real estate and how to balance that with the need to minimise risk when making huge investments, and Tom shares the 3 M’s that drive Cromwell’s thinking, and why Space-as-a-Service is such an important concept.
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If you have any questions or feedback on this episode, email podcast@workbold.co
Value Bombs:
- The future of the office is much more user-focused, and that requires a different type of space. - Tom
- Sustainability and environmental factors are going to be key to performance going forward. - Tom
- We are seeing three areas of opportunity - the 3 M’s: Mega trends, Momentum, and Mispricing. - Tom
- Businesses looking at new spaces are asking, “What is your solution to flex?” - Caleb
Timestamps:
[05:15] How are you finding MIPIM so far?
[05:35] What opportunities are you looking for at MIPIM?
[06:30] What sort of feedback did you get back from your event at MIPIM?
[07:00] Can you elaborate on Pan-European products?
[08:10] Are you getting a lot of interest from investors?
[08:30] Why would someone want to be in a wood building versus something else?
[09:50] Are you seeing investors acting with conviction?
[10:50] How does Cromwell balance taking risks and making sure that they're not doing the wrong thing?
[12:10] What can you talk about in regards to your strategy when it comes to Space-as-a-Service?
[15:30] Lenders don’t want to hand out finance to a company that is looking at changing some space to flexible working space because it’s not wrapped in a long-term lease. What are your views on that?
Resources:
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Headline Sponsor: TSK
TSK creates inspiring workplaces for some of the world’s biggest brands across the UK and Ireland, They’ve been working for 25 years to deliver the best employee experiences and the vision of their clients. Not only do they create great places to work, TSK share workplace content every week from the latest data to inspiring spaces they’ve designed and built. You can read their latest insights at www.tskgroup.co.uk or check out their LinkedIn and Instagram pages to become a follower, fan and friend.
TSK publish weekly thought leadership, research and content featuring their team, clients and partners about workplace, commercial interiors, hybrid working and how others have prospered from investing in workplace. You can check their latest publications and video content in the show notes by signing up to their weekly ‘work made better’ newsletter or visit tskgroup.co.uk.
Fortune Favours the Bold
Bold merges property management & Space-as-a-Service to help office customers grow faster and drive asset value. Bold is a real estate brand owned and operated by NewFlex (www.workbold.co)
Future Proof Your Portfolio with NewFlex
NewFlex delivers and manages a range of branded solutions for every type of building, in every type of location, for every type of occupier. Including the flexibility to develop your own brand. All enabled by flexible management contracts where we are invested in making money for you. (www.newflex.com)
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