How Can We Navigate the Volatile Real Estate Landscape?

The Caleb Parker Show

Oct 18 2023 • 29 mins

Connect with the WorkBold Podcast Team:
• Host Caleb Parker: LinkedIn
• Collaboration Partner Morgan Pierstorff: LinkedIn

Summary: Award winning podcast host and Founder of Bold, Caleb Parker interviews Bert Erik ten Cate, a seasoned expert covering the European property industry since 2003. Bert Erik shares valuable insights on the current challenges facing the real estate market and draws comparisons between the Global Financial Crisis (GFC) and today's market conditions. He emphasises the differences, particularly in banking practices, that make the current situation less vulnerable. Bert also discusses the impact of remote work on the demand for office spaces, the rise in interest rates, and the need for repurposing assets to meet sustainability standards. Discover how institutional investors like PIMCO are leaning toward debt investments and why there's still room for optimism in the real estate market. Don't miss this engaging conversation on the evolving landscape of commercial real estate.

Takeaways:
• Banks are less exposed to real estate risks, reducing the likelihood of massive bank failures.
• Remote work is prompting a reevaluation of office space needs, potentially leading to a surplus of vacant spaces.
• Rising interest rates are impacting financing and valuation of real estate assets.
• Repurposing non-prime assets to meet sustainability and demand for flexible spaces is a challenge but necessary.
• Institutional investors like PIMCO are favoring debt investments over equity in the current market.

Mentions & Shoutouts:
• Read Bert Erik’s article about Why Pimco’s Real Estate Chief Annette Kroeger Prefers Debt to Equity

Connect with today’s guest:
• Bert Erik ten Cate: Website | LinkedIn

Sponsors:

NorNorm: Website | LinkedIn
NORNORM is a subscription-based furnishing model, letting your business adapt to the needs of tomorrow. Beautiful, affordable and fully circular. NorNorm's vision for the workspace of the future is simple. Place circularity at the core and demonstrate how this is better for business, people and the planet. By embracing NorNorm, real estate can drastically produce CO2 emissions and waste production, driving us closer to a greener future.

Fortune Favours the Bold: Website | LinkedIn
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.

Future Proof Your Portfolio with NewFlex: Website | LinkedIn
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.

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