Innovating Toward a Flexible and Dynamic Future (10 IESE Real Estate)

This video is a highlights reel for the 10 IESE Real Estate Industry Meeting in Madrid last January.
Professor José Luis Suárez, Academic Director of the meeting, begins by highlighting the current state of war and conflict, mentioning the addition of Yemen to the list. In such a dynamic and changing environment, Suárez asserts that innovation and flexibility are crucial.
Alejandro Campoy, Managing Director at Savills, discusses how the real estate market is changing in Spain, noting that it has had to become more open due to a shift in demand. The tertiary sector now includes offices, retail, student residences, and healthcare facilities.
Belén Dávila, Key Account Manager at Tinsa, emphasizes the importance of adaptability in the face of fast-changing demand.
Juan José Brugera, Chair at Colonial, mentions that the experience of occupancy and contract renewal in the real estate sector in Spain has been very good. Gustavo Cardozo, Managing Director Spain and Portugal at Panattoni Iberia, then highlights the potential for growth in logistics warehouses, citing the stark difference in warehouse space per inhabitant between Spain and the United States.
Santiago Aguirre, Chair at Savills, also mentions that the hotel investment sector has had an excellent year, while rental housing investment has been reasonably good. He also notes the shift in the perception of real estate. While it was traditionally focused on location, it has now expanded to include the factors of experience and service.
José Antonio Hernández Calvín, Chair at Tinsa Spain, anticipates an increase in investment and believes that interest rates will significantly drive the real estate market in 2024.
Fernando Bautista, Managing Director at Blackstone, suggests that interest rates will eventually decrease, but the timing is uncertain. They stress the importance of cash flow for mitigating risks associated with higher rates.
Ismael Clemente, CEO at Merlin Properties, observes that real estate has become more operational, focusing on improving cash flow and involvement in the entire value chain.
IESE Professor Carles Vergara adds that real estate companies must be involved in the whole value chain to really get the returns that were previously achieved just by investing in property. And Concha Osácar, Partner at Azora, that this implies the need to be proficient in everything that is operational, from asset value enhancement to management.
To know more: industrymeetings.iese.edu

[@Souptik35]

Incredible !