Offices, Hotels, Residential & Data Centre Investments - Michael Kovacs
06/14/24 • 56 min
Before we get started, I’m delighted to say our next Property Business Workshop on 4th July only has 10 tickets left.
This time Adam Lawrence and I will be taking on: The fundamentals of property investment. Risk mitigation and control. Relevant investment metrics. Differing secured debt arrangements and loan structures – and – Scaling your property portfolio/business – why, when and how?
Thursday 4th July, in a Central London location (Blackfriars). Let’s face it – there’s nothing else on that day apart from a rout. Early Bird tickets are running out – and thanks to the early bookers who make it viable to book a room and organise the event – we reward them with 10% off! There are tickets still available here: http://bit.ly/pbwthree
Now to this episode.
Mike Kovacs from Castleforge is always a fountain of knowledge when I talk to him and this time was no different. I love his data led research approach to investing in different use classes and geographies.
In the episode we discuss what Mike has been up to since we last spoke on the Rodcast a few years ago in episode 72 https://shows.acast.com/5d72784e408342486f3e10c1/633ee475050f5400123d2eaf
We discuss;
What has happened in terms of people being back in the office and how that differs in different markets.
Structural differences in Markets that technology cannot fix in the office market.
What has happened to Traditional office leases over the past couple of years.
Flexible office market and how this is changing.
We Work' s effect on the London flexible office Market
Regional office markets.
How commutes affect office demand.
Office costs as a percentage of a Businesses costs and how that has changed.
Security of income in Flexi offices.
What investors should be concerned about in regards to metrics.
What office investors can learn from Hotel investments.
The parts of the office market he focuses on and why.
Why investors are only now realising the operational efficiencies of old school investments have changed.
How Covid affected the Hotel market and why they felt it was the right time to get into hotels.
How they chose the type of hotels and locations to invest in.
Issues with the capital structure of some Hotels.
Why Hotels have a track record of keeping up with inflation so well.
What are the factors and some examples of what they look for in locations for Hotels.
The effects on Hotels on the short term let and holiday let market.
Why their residential arm "Ocasa" focuses on lower to middle market and affordable products.
Barriers of entry in lower value residential areas.
How they built a portfolio of over 2,250 residential units.
How to look at the addressable market.
The cost of Development.
Cost of Living and how that is affecting affordability for renters and what they do to mitigate these risks.
Operational costs of operating a residential portfolio.
he ongoing costs and investment metrics needed in residential investment.
Should operations be split from ownership?
How regulation is affecting operational costs.
The problems of investors realising they are running a business.
Options for tired landlords.
The future of Data Centres.
How energy markets affect Data Centres.
Why there are supply constraints in Data Centres.
Different types of Data Centres and what to look for in a building or location for a good investment.
And lots more
Thanks to our sponsors www.978finance.com & www.konnexsion.com
Hosted on Acast. See acast.com/privacy for more information.
Before we get started, I’m delighted to say our next Property Business Workshop on 4th July only has 10 tickets left.
This time Adam Lawrence and I will be taking on: The fundamentals of property investment. Risk mitigation and control. Relevant investment metrics. Differing secured debt arrangements and loan structures – and – Scaling your property portfolio/business – why, when and how?
Thursday 4th July, in a Central London location (Blackfriars). Let’s face it – there’s nothing else on that day apart from a rout. Early Bird tickets are running out – and thanks to the early bookers who make it viable to book a room and organise the event – we reward them with 10% off! There are tickets still available here: http://bit.ly/pbwthree
Now to this episode.
Mike Kovacs from Castleforge is always a fountain of knowledge when I talk to him and this time was no different. I love his data led research approach to investing in different use classes and geographies.
In the episode we discuss what Mike has been up to since we last spoke on the Rodcast a few years ago in episode 72 https://shows.acast.com/5d72784e408342486f3e10c1/633ee475050f5400123d2eaf
We discuss;
What has happened in terms of people being back in the office and how that differs in different markets.
Structural differences in Markets that technology cannot fix in the office market.
What has happened to Traditional office leases over the past couple of years.
Flexible office market and how this is changing.
We Work' s effect on the London flexible office Market
Regional office markets.
How commutes affect office demand.
Office costs as a percentage of a Businesses costs and how that has changed.
Security of income in Flexi offices.
What investors should be concerned about in regards to metrics.
What office investors can learn from Hotel investments.
The parts of the office market he focuses on and why.
Why investors are only now realising the operational efficiencies of old school investments have changed.
How Covid affected the Hotel market and why they felt it was the right time to get into hotels.
How they chose the type of hotels and locations to invest in.
Issues with the capital structure of some Hotels.
Why Hotels have a track record of keeping up with inflation so well.
What are the factors and some examples of what they look for in locations for Hotels.
The effects on Hotels on the short term let and holiday let market.
Why their residential arm "Ocasa" focuses on lower to middle market and affordable products.
Barriers of entry in lower value residential areas.
How they built a portfolio of over 2,250 residential units.
How to look at the addressable market.
The cost of Development.
Cost of Living and how that is affecting affordability for renters and what they do to mitigate these risks.
Operational costs of operating a residential portfolio.
he ongoing costs and investment metrics needed in residential investment.
Should operations be split from ownership?
How regulation is affecting operational costs.
The problems of investors realising they are running a business.
Options for tired landlords.
The future of Data Centres.
How energy markets affect Data Centres.
Why there are supply constraints in Data Centres.
Different types of Data Centres and what to look for in a building or location for a good investment.
And lots more
Thanks to our sponsors www.978finance.com & www.konnexsion.com
Hosted on Acast. See acast.com/privacy for more information.
Previous Episode
Senior Assisted Living - Honor Barratt
If you are interested in Supported living, Impact Investment, Private Equity, Operational Efficiencies, EBITDA, ESG, Housing Crisis then you are in for a treat.
I was joined by Honor Barratt the Managing Director of Birchgrove, https://www.birchgrove.life/ a Senior Assisted Living operator that is funded by Impact Fund, Bridges https://www.bridgesfundmanagement.com/our-story/
We discuss;
Honor's background in business and how she became the Managing Director of Birchgrove.
Coping with changes when your business is bought by Private Equity.
Upskilling through business programmes such as Harvard.
Transferable skills from a Creative industry.
The scale of the retirement living problem in the UK.
When people should look to downsize.
Renting in later life.
How the housing market is affected by the older population.
How the senior living market in the UK compares with other countries.
Why does it take us so long to create buildings in the UK.
The biggest challenges Birchgrove faces.
Market and Investors concerns over the supported living industry.
Where the money is currently coming from that is investing in UK Senior Living.
Measuring Impact.
Delivering EBITDA with impact.
How ESG and EBITDA are not mutually exclusive.
The biggest challenges with scaling a business where there is an absence of comparables.
The demographics of the industry and why this sector looks rosey.
Identifying the problem with insight.
How the cost of finance affects the business as well as impact.
The realities of paying for care.
Having a sense of purpose and how that really supercharges things.
Ghetto-ising certain communities and how sometimes some communities want it.
How impactful gestures can be.
And Lots more.
Thanks again to our sponsors 978 Finance https://978finance.com/
and
Konnexsion property management software https://www.konnexsion.com/user-login
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
AI in Property Management
James Pick founder of Konnexsion www.konnexsion.com joined me for this episode to discuss how AI is being used in Property Management.
We talk about communication and how important it is in property management.
Different ways to communicate and to whom eg voice, SMS, Whatsapp, email etc.
Audit trails
Record keeping
Getting all stakeholders communications recorded in a centralised place without changing their preferred method of communication.
Integration and using Cloud.
Asset Management
Tenancy Management
Finance
AI and document ingestion.
transcription of videos and voice notes.
If you are interested on efficiencies in the property management of your business then this episode is one for you.
Hosted on Acast. See acast.com/privacy for more information.
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