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Originally published January 2021. In 1929, when an American congressman compared England’s longest river unfavourably with the Mississippi, the MP for Battersea, John Burns, quipped: “The Mississippi is muddy water, but the Thames is liquid history.” Burns was not one for hyperbole. The Thames, which flows from the Cotswolds in the west to the North Sea in the east, has witnessed more than its fair share of historical events. Examples abound. In 54 B.C. Julius Caesar encountered... Read More >

Recent Articles:

Originally published August 2021. Virtually the entire Chinese economy, especially sectors with heavy investment inflows, such as technology, social media and private education, is in a state of flux. Foreign investors are pulling their Read More >

Blair and Brown presided over unprecedented growth in our banking sector with their 'light touch' regulations. The result was the creation of mammoth banks, systemically critical, but fundamentally flawed. When the credit crunch hit in 2008, Read More >

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 876.88 to 842.13 (-3.96%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 890.Yield Read More >

Originally published May 2021. The long view of property. In light of the latest review of the long-term economic and financial market outlook, Capital Economics recently revisited our views for commercial property performance over the Read More >

  It’s still all to play for in the REIT sector. I make no apologies whatsoever for repeating much of my mantra for the quoted REIT sector this year. The themes remain consistent, successful and unlikely to change for the rest of Read More >

The case of the London and Paris office markets. While the global framework of the Paris Accord is gradually being incorporated into national laws in Europe, incentives for property investors to take part in the reduction of greenhouse Read More >

The value of a creation is only that which we give it. Millions of people across our planet fervently believe in the righteousness of their beliefs. Different gods, belief systems, what is forbidden, what allowed, what is a sin and what is an Read More >

Overconfidence can be ruinous in real estate and elsewhere. Overconfidence is a cognitive error that we make routinely. It’s the tendency to hold a false assessment of our skills, intellect or talent. Take this article, for example: I Read More >

Originally published February 2021. That I have worked and lived on three continents has given me the chance to create amazing relationships with many different people and cultures, and more importantly, to develop the ability to put things Read More >

Originally published March 2021. For many years retail has been the second-largest invested asset class in the commercial real estate world. But now, being one of the sectors most hard-hit by covid-19, it is often leaving investors nervy, and Read More >

Originally published March 2021. This newly trendy approach is not just environmentally and consumer friendly, it’s practical too – and at root it’s as old as the hills. Regenerative agriculture is the groundswell movement shaking up Read More >

...and why you should think twice before playing them. The gaming industry is big business in the US, contributing an estimated $240b to the economy each year, while generating $38b in tax revenues and supporting 17 million Read More >

It was inevitable that lumber prices would eventually return to some state of normalcy. I wrote an article less than 50 days ago noting that futures and cash prices, despite having quadrupled in slightly over a year, had dropped 40% in June Read More >

Overwhelming evidence points to the growth of the Southeast region CBRE’s recent US Development Opportunities 2021 report showed that, statistically, the region has been dominant and is forecast for continued growth over the next several Read More >

The world of work has shifted seismically over the past year and as it continues to evolve, businesses of all sizes are developing new workplace strategies to align with what they believe will work for their company and their employees. Business Read More >

As with other innovations, it carries risks as well as benefits. There is this great cartoon where a man sits behind a laptop having a Zoom call at his kitchen table perfectly shaven and dressed in a shiny shirt with tie, but under the table Read More >

It's all still to play for in the upcoming German elections, which will see Angela Merkel bow out after 16 years at the top. Now that the competing political parties are allowed to put their election posters up on the lampposts, the gloves are Read More >

Ningbo-Zhousan may not exactly be a household name, but find something in your house made in China and it’s quite likely it was delivered from there. Ningbo-Zhousan, which overlooks the East China Sea some 200km south of Shanghai, is Read More >

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 849.11 to 868.08 (2.23%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 880.Yield spread (in Read More >

Originally published May 2021. Globally cities have taken a hit, but that’s a blip – and the UK capital in particular is set to thrive. London is in crisis. Over the past year the UK capital has experienced population loss of biblical Read More >

Originally published June 2021. The costs have been exaggerated and the benefits are ones that every modern society should welcome. There has been a lot written lately about universal basic income (UBI). Some are in favour, explaining the Read More >

Originally published April 2021. 3 July 1938 was a milestone for British engineering. The LNER 4468 Mallard set a new world speed record for steam-powered locomotives between Little Bytham and Essendine in South Lancashire at 203km/hr. More Read More >

Originally published April 2021. Imagine a grocery store of the future, located in your average middle-class suburb, somewhere in America. On the way to picking up the children from soccer practice, a mother quickly realises she forgot to get Read More >

Originally published April 2021. Markets were shaken but unstirred by the collapse of Greensill and the Archegos unwind trades. Credit Suisse is the ultimate loser of the two scandals – reputationally damaged and holed below the water line. Read More >

In the autumn of 2009, I moved from Birmingham to London. At that time, the highest headline office rent in Birmingham’s central business district had just been set at 1 Snow Hill. Returning to Birmingham some 10 years later to head up Read More >

Originally published winter 2019. A player’s three-dart shooting average offers a clear metric that can be analysed to reveal the best strategic options – investment management has parallels. Statistically, if a player’s three-dart Read More >

We always get slightly nervous at REFIRE when Germany goes all bullish on the stock market. It's not that we don't believe in the stock market as a source of capital and wealth building – we do – but it's just that, well... Germans in Read More >

The vintage watch market saw extraordinary growth over the past decade, with more and more collectors becoming drawn into the field. It’s easy to understand why, as this period has also seen many historically important watches appearing on the Read More >

Originally published January 2021. The way we educate our school-leavers needs to change. I can recall being staggered, when first working in the US, by how much personal debt individuals took on as a matter of course to attain a degree. I Read More >

Shopping centres and offices are the surprise front-runners in the REIT scene. In the spring edition of The Property Chronicle, I ventured to suggest that, while there is something for everyone in the REIT sector this year, retail property Read More >

“£180 billion of lockdown savings”, “Retail sales back to pre-pandemic levels”, “High street footfall shows signs of recovery” (Source: Financial Times, BBC, Modern Retail). While the positive headlines surrounding the reopening of Read More >

Following the tragic events at Grenfell Tower in June 2017, the UK Government signalled its intention to end the unsafe cladding of highrise residential buildings, providing funding of over £5b to date, towards the cost of replacing such Read More >