INTERNATIONAL ROUND TABLE, 16th of February 2017 in Hamburg
On Thursday, February 16, 2017 leading real estate developer, investors, consultants, architects and corporates talked exclusively about innovative ideas in future urban developments. Union Investment Real Estate hosted the first roundtable in Hamburg. The following aspects and open questions were discussed and create the basis for the upcoming debates in London and Copenhagen:
NEW FORMS OF COLLABORATION
Don’t we have to re-think real estate development and investment strategies?
How can funders, planners, developers, clients and consultants work together more efficiently? Who are the progress blockers?
Is there a way for developers to collaborate on downtown area projects, sharing both risk and rewards? Can we learn from various film industry models?
21st CENTURY REAL ESTATE SOLUTIONS
What do a 21st century real estate solutions have to look like?
As the poor 30 – 70 % utilization of some buildings is insufficient, there is a need for optimizing real estate assets. Smart buildings for smart cities could be an answer – adaptable, reconfigurable, relocatable, and exploiting IT for the 21 century.
Do mixed-use buildings in large cities result in progress?
Where are the Ubers or Airbnbs of the real estate industry? What would Google, Apple, Microsoft, Amazon or Tesla do if they were to enter the real estate market?
Who is going to disrupt the market first: UK, Europe or the international industry? Are we prepared? Is there an advantage for earlier adopters?
Analog and pencil versus Digital and IT! What is needed in the fast-moving 21st century?
When do buildings need to be iconic – resulting in greater expense? Who pays: private developers or tax payers? Could/should some buildings be repeatable globally but look different at entirely different cost?
NEW INVESTOR MODELS
Imagine if the investment model didn’t span 50 – 60 years! Would it work for the financial industry? Who should/could break the mold?
Which professional bodies are encouraging new investor models? Can these bodies change from being followers to leaders by breaking the status quo? Who will initiate this leadership for change come? Where and when?
What are the risks and the potential rewards of new ideas?
FUTURE REAL ESTATE
As the attendees in Hamburg ranged in age from 37 to 70, one has to ask: Where is the youth in the real estate sector? Where are the youthful ideas?
Who is missing around the future real estate table? IT, FM, operators/clients, city representatives, scientists, others …?
Richard Ogden, Stokewood and Götz Schönfeld, Drees & Sommer