Brave Ideas Can we innovate our way to opportunity in commercial real estate?
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 sits down with Thibault Weston Smith, the Managing Director of RealtyCorp. Thibault shares insights into his diverse and innovative career in real estate, spanning continents and innovations such as 3D-printed homes. He also delves into the exciting developments in PropTech, sustainability, and the growing demand for flexible, customer-centric real estate solutions. The conversation covers challenges and opportunities in real estate, emphasising the need to address decarbonization and create resilient, flexible assets. Thibault and Caleb explore how technology and PropTech are transforming the industry, and the significance of agility in real estate operations.
Takeaways:
• Decarbonization Challenge: Addressing the decarbonization of real estate and reducing carbon emissions (both embodied and operational) is a critical challenge. The industry must adapt to new values and methods that prioritise sustainability.
• Resilient Asset Classes: Building resilient asset classes that can adapt to changing needs and expectations is vital in the evolving real estate landscape.
• Flexible Spaces: Flexibility and the consumerization of real estate are on the rise, making it necessary to embrace short-term cash flows, adapt to tenant growth or contraction, and provide spaces that cater to individual needs.
• Innovation through PropTech: The real estate industry is undergoing a transformation through innovative PropTech solutions, offering efficiencies and opportunities for increasing NOI (Net Operating Income) by up to 22%.
• PropTech Revolution: With a growing number of PropTech companies in Europe, the real estate sector is poised for significant technological advancements.
Mentions & Shoutouts:
• McKinsey Study: Mentioned during the episode, the study discusses the potential for 15-22% efficiencies and increased NOI in commercial real estate through the power of technology.
Connect with today’s guest:
• Thibault Weston-Smith: Website | LinkedIn
Connect with the WorkBold Podcast Team:
• Host Caleb Parker: LinkedIn
• Collaboration Partner Morgan Pierstorff: LinkedIn
Sponsors:
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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