15/06/2020 by Future of Finance 0 Comments
JOIN OUR PROPTECH THINK TANK TO HELP THE REAL ESTATE INDUSTRY FIND A WAY OUT OF THE LOOMING COVID 19 CRISIS
A FUTURE OF FINANCE COLLABORATIVE, PROBLEM-SOLVING WORKSHOP FEATURING REAL ESTATE LANDLORDS, TENANTS, INVESTORS AND AGENTS AND EXPERTS IN DIGITAL TECHNOLOGIES, INCLUDING AI AND BIG DATA ANALYSIS
Thursday 16 September 2020, 14.00-16.00 UK time
Thursday 30 September 2020, 14.00-16.00 UK time
Thursday 13 October 2020, 14.00-16.00 UK time
As companies plot their paths back to normal office working, their landlords are grappling with a series of awkward and possibly even existential questions. Are rental income and capital values on the cusp of a sustained downturn? Will tenants lease as much space in future as they did in the past? How happy will tenants be to share a building with other companies? Will parking spaces and cycle racks be more important to commuters than buses, trains and subways? Will social distancing persist outside the office as well as inside it? Will companies want more but smaller offices in multiple locations – and, if so, what are likely to be the most popular locations? This invitation-only Future of Finance event will see a hand-picked panel of experts collaborate with an invitation-only audience of experts over six weeks and three moderated two-hour sessions to find answers to questions such as these, so the real estate industry can position itself successfully for what insiders predict will be a series of highly disruptive changes.
For large corporations, the Covid-19 pandemic has provided a large-scale experiment in remote working. Corporate planners are asking not just whether they need as much office space, but what it should be like and where it should be. Even in the short term, as they planned phased returns to normal working, the pandemic is forcing changes to security procedures (who can enter the building?), workspace (how do you practise social distancing at work?), health risk management (can employees be divided between the immune and the symptomatic?), catering (can the office canteen reopen?), hygiene (how and how often should facilities be cleaned?) and sanitary facilities (how many people can be in the bathrooms at once?). Since many of these concerns will evaporate once a vaccine is available, it is the longer-term questions posed by the unexpected success of remote working that are more profound. Neither companies nor employees expect to go back to working the way they did before. This means the opportunities in real estate are shifting. Not just office space, but retail, restaurant and leisure facilities, might need to move from city centres to residential areas or regional towns and cities. To plan for changes as fundamental as that, the real estate industry needs data on transport patterns, mobile telephone locations, retail and restaurant sales, gym memberships, rental arrears, valuations, lease terms, the financial status of tenants, public subsidies, rent levels and lease agreements and terminations - and they need this information at a local level across entire economies. The purpose of this Future of Finance workshop is to pool ideas, knowledge and experience of data and technology from outside as well as inside the real estate industry to define and address the challenges now confronting the real estate industry via a three-stage process:
• Thursday 16 July 2020, 14.00-16.00 UK time: Moderated panel discussion with invited audience participation to define the key issues that need to be understood, with the audience allocated to teams, each led by a panellist, to address each issue;
• Thursday 30 July 2020, 14.00-16.00 UK time: Publication of interim reports, delivered by the leaders on behalf of each team, proposing data sources and methodologies to understand each issue, followed by critical feedback from other panellists and team members; and
• Thursday 13 August 2020, 14.00-16.00 UK time: Publication of final reports, delivered by the leaders on behalf of each team, incorporating critical feedback from the previous session, and outlining the concrete steps required to turn the plan of action into reality.
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