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Time to put landlords and tenants on the same side
Since the demise of Woolworths, I have spent much of my career at Deloitte reviewing the store portfolios of distressed retailers. Acting for administrators I have been both a landlord and a tenant; elsewhere in my career I have represented occupiers and managed retail portfolios for investors. I have experienced the landlord and tenant relationship from all angles, and it’s a relationship which is under strain like never before.
At Deloitte we promote all aspects of diversity, and aspire to grow a work environment that is truly inclusive and reflective of our broader society. In support of this working goal, Maggie and Christy from the London Planning team talk about their roles in championing Black, Asian and Minority Ethnic (BAME) representation across the wider Financial Advisory service line and Real Estate business unit respectively.
We all remember the tale of ‘The Three Little Pigs’. The Big Bad Wolf blows down the first two pigs' houses, made of straw and sticks respectively, but is unable to destroy the third pig's house, made of bricks. The moral of the story is that hard work, dedication, bricks and mortar for homes pay off; that whilst the first two pigs quickly built homes and had more free time to play, the third pig laboured in the construction of the house of bricks, with the hope that the structure will eventually lead to the most favourable outcomes. However, perhaps this story doesn’t hold true in today’s world?
Have the worsening market conditions finally started to take a toll on London's office construction levels?
Lowest volume of new starts in over five years
Following the three year high in construction starts reported in our summer survey (October 2018 – March 2019), we saw a 49% drop in volume in this survey. At 1.8 million sq ft recorded between April and September, the volume of new starts falls almost 15% short of the long term average and is also the lowest since our summer 2014 figures.
With the announcement of the latest Contracts for Difference Allocation Round 3 results to offshore wind projects, we thought it timely to address the emerging trends surrounding this asset class.
Workplaces designed by workforces: Is the potential of wearable technology in the workplace being realised?
Not all corporate occupiers are fortunate enough to build new offices for their employees. Buzzwords like smart and intelligent buildings are nothing new, but how can companies harness evolving technologies to transform their existing buildings to benefit management and staff?
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.