WELCOME TO CHARLES RUSSELL SPEECHLYS.
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There is a new reality facing the world of commercial real estate, driven by digital advances and the need to stay ‘smart’, and set to disrupt the economics of the sector. These forces of change are strong, the opportunities they present are real, and they will give rise to a range of new legal, regulatory and business issues to be considered.
We have explored these through research by drawing from the minds of leaders across the relevant groups of owners, occupiers, service providers, developers, contractors, investors and funders – as well as our lawyers - to identify the impacts they consider we are likely to face in this new reality. We will be sharing our legal insight on how best these impacts can be managed.
Our thanks go to our collaborators at Henley Business School, CBRE, Digital Policy Alliance, Energydeck, Aberdeen Asset Management, Savills, Westfield, JLL, IFDS and many others for their time, innovation and insights, to ensure we future-proof our interests within The New Real and maximise the gains to be made.
We share here the initial findings of our research as an introduction to the full report to be published in September.
This is a research-based call-to-action to embrace the new reality and changing economics of the commercial real estate industry. It is relevant to anyone with interests in commercial real estate and intended to ensure those interests are future-proofed within The New Real and that potential gains to be made are maximised.
It means different things depending on what your interests in real estate are. Here are a few examples for those stakeholders we have considered:
We have identified 10 trends: