We’re back from a busy week in beautiful Cannes!
With a noticeably more diverse attendance than previous years, it was fantastic to see so many familiar faces representing all grades across the industry. We very much enjoy catching up with our industry friends, but we love nothing more than to meet new people and what a place to do so!
Some of the key takeaways from the week include:
– General cautious optimism across the board. Many see the stock coming to market in late 2024 which may well align with a reduction in interest rates.
– Those less optimistic questioned whether the anticipated reduction in interest rates was already priced into some appraisals which might not have the positive “bounce” others are hoping for.
– Lots of complimentary statements around AXA IM’s recently announced £480m development loan for 50 Fenchurch Street – shows confidence in a major speculative office development and proves there is finance out there for the right opportunities.
– Apprehension across the board around the Building Safety Act and the impact it will have on the practical and viable delivery of residential buildings.
– Surging sectors include Science and Tech and Co-Living, both of which are a big focus for us – please reach out to Jon Spencer-Hall Matt Viall, and Harrison Paul respectively to find out what we’re up to!
– James Bradley realised he might need more training, after taking part in Property Sports Network morning run with Andrew Link…
See you next year!