Global Real Estate in Real Estate
- Select a blog category
John Adams, partner at Deloitte Real Estate, discusses the growing challenge to support housing delivery across the UK amid an evolving housing market.
At MIPIM we hosted events with Cities ranging from Belfast to Berlin, from Manchester to Stockholm and Barcelona.
As MIPIM comes to a close, Deloitte Real Estate’s delegation reflects on one of the big themes of this year’s event - the evolution of Smart Cities
Speaking at this year’s MIPIM, a clear theme to emerge has been the consistent and obvious challenge that affects cities all over the globe, which is how we can utilise technology to shape the cities of the future.
Well MIPIM 2018 is over for another year. It was a very good show and yet again the North West shone. The programmes pulled together by both Liverpool and Manchester were the strongest I can ever remember. Liverpool majored on the waterfront with the port and the leisure / tourism sector again to the fore. Manchester presented a wide ranging programme but of particular note were the sessions on natural capital and global sport which added new dimensions to what was already a very diverse programme.
A key talking point at this year’s MIPIM event has been the increasing prevalence of technology in the property sector, and more importantly, how we now have an opportunity and a responsibility to utilise technology to plan for the cities of the future.
With MIPIM now in full swing, what is already clearly evident is the strong appetite for international investment in major cities across the North West.
A brief introduction to the loan portfolio market today
The international loan portfolio market has seen significant growth and continued innovation in recent years, as lenders bundle up and offload risk from their balance sheets. Large scale portfolio transactions are often key to stabilising the positions of ‘problem’ lenders; as we write, details are emerging on recently rescued Spanish lender Banco Popular’s €30bn non-performing loan portfolio.
Disrupting the disruption – the effect of digital disruption on real estate, infrastructure and the construction industry
Digital disruption is something that working in property and construction we hear a lot about. According to some, robots are coming to take our jobs and soon we won’t need to learn to drive either. Without sounding sceptical, this is currently quite a far cry from the industry we work in. Property, infrastructure and construction in general is still a rather traditional industry when it comes to how we work, albeit some technology advancements.
What is the Farmer Review?
At the end of 2015 the Government asked the Construction Leadership Council to identify actions to reduce the industry’s vulnerability to skills shortages. The review was carried out by Mark Farmer of Cast Consultancy, which resulted in the publication of the Farmer Review in October 2016. The report focuses in particular on housing although it suggests that the skills shortage can be found throughout the entire construction industry. Farmer believes the industry does not make enough money, which leads to underinvestment in training, development and innovation.
Breaking up is hard to do: maintaining business integration when your organisation is geographically dispersed
20th century organisations often succeeded by operating from a single location. Take the newspaper industry as an example. For journalists, Fleet Street in London was the centre of the universe. They would mingle and eavesdrop, returning to their offices with fresh gossip. Not only were their headquarters based on the street, but their printing facilities were located within a stone’s throw of their type writer. The Daily Express and the Daily Telegraph, and other household newspapers, operated almost entirely from a single street.
At first glance, real estate is hardly a tech-fuelled industry: building design evolves at a glacial pace, construction relies on traditional methods, and the transaction process has barely changed for centuries. However, take another look: in a few short years, a mix of individuals, start-ups and established businesses have harnessed new technologies to address inefficiencies and generate new ideas.