Sign up to save your podcasts
Or
Share The London Office market is BACK!
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The London Office market is BACK!
This week we chat to Basil Demeroutis, founder of FORE Partnership, one of the first, if not only sustainability focused London office developer. Basil is a property guy through and through having run Jeff Skoll’s (eBay founder) Real Estate division of his family office, Capricorn Investment Group and has built over £1.3bn in real estate value spending over £500mn in construction over 16 projects whilst at the FORE Partnership.
Basil tells us that whilst the London office market has had a profound downturn, there are signs of green shoots appearing. The build rate slowed down significantly and demand is now running ahead of supply. Since COVID, 350,000 new hires have been in the City & Mayfair markets. The long believed structural decline of the office space with the onset of hybrid working post COVID does not appear to have killed off office space demand.
More so, rents are still heading higher and yields have risen at least 200-250 basis points higher than the heady levels witnessed during the mid 2010’s. Landlord and tenants are also demanding more sustainable and community based working spaces and FORE Partnership is at the vanguard of the trend for lower cost and more sustainable office buildings and space.
Basil also talks about his firm’s approach to investment, investors, and returns profile and tells us about his new venture MORE, which advises landlords how to optimise value and returns.
Connect with Basil at https://www.forepartnership.com/
And check out MORE at https://everythingmore.com/
-----------------------------------------------------------------------------------------------------------
Join our email list to be the first to see these videos every week:
https://mailchi.mp/traderoutescapital...
Check out this and all of our episodes in podcast form on Spotify and Apple Music
Spotify: https://open.spotify.com/show/67oVN7g...
Apple: https://podcasts.apple.com/us/podcast...
Join the community on LinkedIn
https://www.linkedin.com/in/ben-hakham-bens-market-chat-insights-interviews/
Always do your own research or seek the advice of your professional financial advisor.
You can find us on LinkedIn and YouTube, Money Matters, Ben Hakham CEO at Traderoutes Capital.
View all episodes
By BenThis week we chat to Basil Demeroutis, founder of FORE Partnership, one of the first, if not only sustainability focused London office developer. Basil is a property guy through and through having run Jeff Skoll’s (eBay founder) Real Estate division of his family office, Capricorn Investment Group and has built over £1.3bn in real estate value spending over £500mn in construction over 16 projects whilst at the FORE Partnership.
Basil tells us that whilst the London office market has had a profound downturn, there are signs of green shoots appearing. The build rate slowed down significantly and demand is now running ahead of supply. Since COVID, 350,000 new hires have been in the City & Mayfair markets. The long believed structural decline of the office space with the onset of hybrid working post COVID does not appear to have killed off office space demand.
More so, rents are still heading higher and yields have risen at least 200-250 basis points higher than the heady levels witnessed during the mid 2010’s. Landlord and tenants are also demanding more sustainable and community based working spaces and FORE Partnership is at the vanguard of the trend for lower cost and more sustainable office buildings and space.
Basil also talks about his firm’s approach to investment, investors, and returns profile and tells us about his new venture MORE, which advises landlords how to optimise value and returns.
Connect with Basil at https://www.forepartnership.com/
And check out MORE at https://everythingmore.com/
-----------------------------------------------------------------------------------------------------------
Join our email list to be the first to see these videos every week:
https://mailchi.mp/traderoutescapital...
Check out this and all of our episodes in podcast form on Spotify and Apple Music
Spotify: https://open.spotify.com/show/67oVN7g...
Apple: https://podcasts.apple.com/us/podcast...
Join the community on LinkedIn
https://www.linkedin.com/in/ben-hakham-bens-market-chat-insights-interviews/
Always do your own research or seek the advice of your professional financial advisor.
You can find us on LinkedIn and YouTube, Money Matters, Ben Hakham CEO at Traderoutes Capital.