Michael Kovacs

Michael Kovacs, Founding Partner at Castleforge, shares insights from his journey as a real estate investor. The conversation kicks off with a quirky story about how getting stuck in a lift spurred his entrepreneurial spirit. He discusses the evolution of the office market post-COVID, highlighting the shift in tenant preferences and the importance of quality locations. Kovacs also addresses the fundraising challenges for Castleforge's fourth fund and explores opportunities in Asia and the Middle East, revealing key shifts in investor sentiment.

The podcast discusses the shift in office investments towards flexible workspace solutions, highlighting Castleforge's success in Glasgow with over 90% occupancy and higher desk rates. They argue for updated valuation models for office spaces, suggesting Flex spaces offer a more reliable income stream. The conversation touches on future office space valuations and evolving investor models to meet the demand for Flex spaces.