Editorial
Greetings, esteemed real estate watchers!
Real estate has been quite the rollercoaster lately, hasn’t it? The winds of change really started blowing last year when the European Central Bank decided to shake things up by tweaking its interest policy. That move had ripple effects across the globe, with property values taking a hit and transaction volumes plummeting faster than a lead balloon.
Fortunately, it’s not all doom and gloom! As we step into 2024, there’s a glimmer of hope on the horizon. Sure, we’ve had to navigate through some stormy seas, but there are signs that the ship is steadying, with opportunities aplenty waiting to be seized.
Against this backdrop, in this issue of This Week in Consulting, we dive deep into the challenges and opportunities that lie ahead in the global real estate industry for 2024. From pandemic recovery to geopolitical uncertainties, we’ve got insights to help you navigate through the choppy waters.
So, what are you waiting for? Dive into the articles, soak up the knowledge, and let’s start a conversation.
Laurent THOMAS
Chairman Consulting Quest
This week’s must read
In this edition of This Week in Consulting, we dive deep into the challenges and opportunities that lie ahead in the global real estate industry for 2024.
This article by BCG underscores ongoing uncertainty in the German real estate market due to rising interest rates, recession fears, and inflation, necessitating early, integrated measures for financial resilience amidst declining transaction volumes and increased financing challenges.
This week’s media
In this video by Goldman Sachs, regional banks are back in the news, driven in part by their exposure to commercial and residential real estate. Ryan Nash, managing director in the Financials Group within Goldman Sachs Research, discusses what this means for investors.
Thought Leadership
This article by RSM International underscores the profound impact of remote and hybrid working on Asia Pacific real estate. It highlights shifts in demand, notably towards flexible office solutions and suburban living, reshaping traditional real estate paradigms.
The article by Deloitte outlines challenges and opportunities in the global real estate industry for 2024. It highlights the need for strategic realignments amidst pandemic recovery, geopolitical uncertainties, and financial instability, offering insights to navigate these complexities.
This article by Grant Thornton paints a grim picture of the real estate market’s recent struggles, citing significant declines in transaction volume and property values. However, there’s optimism for stabilization and opportunities for those adaptable to new strategies and diversified portfolios.
This article by PwC suggests a positive outlook for real estate dealmakers in 2024 despite challenges like higher capital costs. It emphasizes the need for strategic adjustments, flexibility in deal structures, and highlights emerging M&A hotspots like data centers and healthcare-related real estate.
This week’s consulting news selection
UST, a leading digital transformation solutions company, has announced that it has acquired Strativity Group, a boutique strategy consultancy specializing in customer-centric transformations.|
Nuvalence joins EY to enhance AI-driven services, offering expertise in platform engineering and product development to drive industry transformation.|
Stephen Alexander, the bid, marketing, and business development consultancy, has appointed Anna White as head of marketing to help drive its growth plans and expand its outsourced marketing services.|
JLL announced the growth of its Value and Risk Advisory platform with the hiring of Senior Vice Presidents, Gina Gallant and Sean Robertson-Tait, as key hires in the newly-formed Ottawa operation.|
Laurent is the Chairman and Co-founder of Consulting Quest. Focused on greater value creation, and being thoroughly familiar with Consulting, Laurent has sourced and sold millions of dollars worth of Consulting over the course of his career. Prior to joining Consulting Quest, Laurent was Executive Vice President Oil and Gas at Solvay and Senior Partner Transformation at Oliver Wyman.
