Dashflow for CRE

😮 EG announces plans to close #commercialrealestate https://lnkd.in/eXGPxYMb

We didn’t win an award, but we’re still winning. If you know me, you’ll know I hate losing almost as much as I hate working from home. So yes, I was disappointed that Compton couldn’t persuade the judges to crown us Advisor of the Year at the EG Awards…again That said, we had a brilliant evening and are genuinely proud to have been nominated. Before the event, we concluded that while winning would’ve been an epic nod to our work, we don’t need a shiny trophy in the boardroom to validate our achievements, nor will it define what’s next. So here we are, Friday: bed at 2am, up at 6am, office by 8am (gym later as hangovers and a bench press don’t really mix). No excuses. Deal ready, Let’s go. Happy Friday and have a great weekend ✌️ #compton #notworkingfromhome #winners #egawards2024

EDITOR’S COMMENT As one part of the world seemingly votes for chaos and whatever the opposite of collaboration is, here in our small but mighty world of real estate, the foundations of something quite different are being built. Three of the industry’s membership bodies – the British Property Federation, the Investment Property Forum and the AREF (The Association of Real Estate Funds) – have started discussions that could see them merged into a single body. About bloody time. The one thing that we hear all the time – particularly from within Whitehall – is that there is no single voice for the real estate sector. A merger could be the perfect solution. Bring together the parts of this sector that they each represent and we might be able to land the right messages about the real estate industry. We might finally be able to showcase the purpose and worth of this amazing business. It is early days, of course. The boards have agreed they should talk about it, but ultimately it will be members who choose whether three should become one. But the reasons for most certainly outnumber the reasons against. The trio have been collaborating for a long time, but they still each have individual goals, priorities and membership demands. The broad scope of the real estate industry is one of its greatest strengths but is also what makes it so confusing and so misconceived by so many people who are not part of it. And with the sector changing so dramatically over recent years, there are voices that just aren’t being represented through these three powerful bodies. With a single, louder and deeper voice, could a combined entity become a true voice of the whole built environment? It’s certainly worth a go, isn’t it? I’ve been banging on about the need for a single united voice in our sector for I don’t know how long, and I believe this could be a game-changer. It could be the move that allows us to change the perception of the sector, that finally showcases it as the most exciting place in which to build a career, no matter who you are or where you come from. The question now is who else could or should be sucked into this proposed single industry body? CREFC , Revo, the BCO? Should the RICS be included to provide a voice for our surveyors within this single, more powerful and hopefully more coherent body? Imagine the power that could have. A proper, industry-wide, properly funded body with meaningful membership fees, a fully invested, diverse (and inclusive) membership body that agrees on what is needed to continue to drive this industry forward. And imagine if you also had alongside that your industry expert, your voice of reason, your sometimes annoying conscience, your truth teller and bear poker helping to shout that message even louder through everything that we do. Now that would be something quite special. https://lnkd.in/e7nwnfxr

ICYMI Green Street News sat down with Dr. Konrad Finkenzeller of PATRIZIA SE to discuss the firm's new organisational structure and more Q+A: Patrizia's Finkenzeller on organisational changes, offices and capital allocation | Julie Cruz   https://lnkd.in/gyewftEz

It’s never nice breaking stories about redundancies (even us journos have souls) and I know that no business takes the decision to make job cuts lightly. It’s a wrench. It hurts. But there is always a reason and that’s why we often do write these stories. CBRE has unfortunately had to make a number of redundancies across its UK valuations business. But it’s reason comes from the changing nature of the real estate industry. As the sector transforms and matures there will unfortunately be roles that don’t need as much man(or woman)power. Valuations is one of those. While human understanding will always be required, increasingly tech, data and AI will be able to do much of work without us. Read more ⬇️⬇️⬇️