News


Retaining Property Investment Amidst Turbulent Times By Gavin Gleave, CEO of fu3e.


The real estate sector is looking beyond what it perceives to be cyclical headwinds - rising interest rates, declining GDP, and sinking deal flows - and is investing in real estate assets for long-term success. Real estate professionals feel cautiously optimistic amidst an uncertain market - their strategy is to ride out the current economic downturn while repositioning their companies for another period of sustained growth and high returns.


With an ever-growing demand for SRI (Socially


the pressure on real estate owners and investors to disclose more about their environmental,


Responsible social,


and


Investment), governance


(ESG) investments is increasing. Furthermore, rising interest rates reduce potential rates of return, making acquisition and construction debt more expensive at a time when operating income appears destined to fall as the economy weakens.


Capital availability is expected to decrease soon, though the denominator effect may not force as many sales as in typical downturns. Many institutional investors, for example, will not need to rebalance their cap stack by selling real estate assets because they have been under-allocated in commercial real estate. Businesses that use the next year to drive productivity and efficiency improvements will be much more likely to thrive.


Organisations’ attitudes to data should be at the top of decision- makers minds. In a rapidly changing market, developers must rely on tools that provide real-time reporting. Building a solid data history that provides insight into due diligence, commercial controls,


for optimising costs, project durations, and risk management.


Through the investment and implementation of proptech solutions, investors and developers alike can reap significant rewards from being able to track and manage risk, cost and efficiency in real-time. This provides them with the opportunity to be more flexible, allowing them to accurately react to any short-term changes in the market, and navigate risk effectively.


The recent collapse of Silicon Valley Bank has highlighted the importance of measuring risk and the uncertainty which is experienced throughout the current global economy. For property investors who are searching for how they can retain


their investments


amidst such turbulent times, utilising proptech solutions provides them with new hope. In


addition, the developers


that are currently working to streamline their operational efficiency by investing in proptech solutions to build a solid data history will achieve a prosperous future.


risk management, ESG, and information schedules establishes the basis for project forecasting and planning, essential


Orega Launches new Flex Space at Marlow International – Boosting Presence in the Thames Valley


Orega, the leading flexible workspace provider is launching its 22nd flex space at Marlow International, Parkway, Marlow, Berks having completed a 10-year Management Agreement.


Marlow Intrenational


Orega has created 27,000 sq. ft. of high spec newly refurbished flexible workspace providing over 500 workstations, for teams from 5 people to over 100, on the 2nd floor of the 230,000 sq


ft building. There is substantial collaboration, meeting and event spaces.


Marlow International is a Grade A corporate HQ building in 12 acres of secured landscaped grounds one mile east of Marlow and 200 yards from the main access road from the A404, connecting the M4 and M40. It is 33 miles west of Central London and 20 miles northwest of Heathrow.


The workspace offers new: • Design-led space


• Wide choice of different working zones • Outdoor space • Meeting room suites


• More space per person than the industry norm • On-site shower and changing facilities. • Unlimited barista-quality coffee • Secure bike storage facilities


• The building offers ample car parking, on-site café and canteen


Ben Hutchen, Real Estate Director at Orega, said: “Our space will be particularly attractive to corporates who want to work in dynamic, high spec offices but with the flexibility of not being tied into long leases.”


For any enquiries please go to the website https://www.orega.com


6


QUEENS YARD, HACKNEY WICK


Queens Yard is superbly located overlooking the River Lee, adjacent to Hackney Wick Overground Station and close to the Queen Elizabeth Olympic Park and Stratford International. It has been described as the “beating heart of Hackney”.


The Queens Yard summer party is one of the best events in the area with a food market, local culture, music, stalls and arts. Structadene have exciting plans to build on the success of the bar/restaurant/ music/entertainment destination.


The Queens Yard Theatre is award winning and combines classical theatre, contemporary performances and nightlife. The theatre supports artists to develop work and organises programmes in local schools and throughout Hackney. They also host internationally renowned DJs every weekend.


Originally much of the site was occupied by confectioners Clarke, Nickolls and Coombes, from the late 1800s, making confectionary and chocolate until the 1970s, since when the site has evolved into 90,000 sq ft of mixed use accommodation including several beautiful Victorian warehouses. There are a number of very successful occupiers including Crate, Howling Hops brewery and tank bar, Potters Thumb, Colour Factory and Silo.


Silo is the first zero waste restaurant and has a Michelin green star. We are delighted to be working with Structadene on helping them to shape the strategic vision. twentyretail will be approaching both emerging and established businesses in order to attract new restaurants, co working space, and also experience leisure.


Richard Wassell / 07971 556041 / Richard.wassell@twentyretail.com COMMERCIAL PROPERTY MONTHLY 2023


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