When A 6 CAP Is No Longer A 6 CAP - Only The Paranoid (Office Investors) Survive

This is Episode 1 of #WorkBold Podcast Season 11, sponsored by Freshwave

Freshwave is the connectivity infrastructure-as-a-service provider making sure mobile phone signal works in office buildings.

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Get Ready To Be Inspired

We're coming in strong for the first episode of #WorkBold Season 11!

I sat down with a titan in the office real estate industry - a man whose vision and expertise is reshaping our understanding of real estate investment and development.

That's right, my friend, Michael Kovacs from Castleforge , a leading UK-based private real estate investor that combines research-led investment themes with vertical integration and in-house operating platforms to invest in real estate located in and around select UK and European cities.

In this episode we peeled back the layers of traditional real estate investment, dove deep into the world of flex space, and uncovered the secrets behind Castleforge's success.

We discuss

• the transformation in office space investments towards flexible workspace solutions.
• Why Castleforge has pivoted towards investing heavily in 'Flex' space
• What led them to create their operator known as Clockwise.
• The broader challenges office investors face in generating consistent cash flows
• The potential for Flex space to offer a more reliable income stream.
• Why traditional valuation models for office space are outdated
• How flex space, despite their discounted valuation, may offer a closer match to the economic value of an office asset

We conclude with considerations on the future of office space valuations and the evolution of investor models towards accommodating the growing demand for Flex spaces.

About Michael Kovacs: LinkedIn | Website

Michael is Founding Partner of Castleforge, a leading UK-based private real estate investor that combines research-led investment themes with vertical integration and in-house operating platforms to invest in real estate located in and around select UK and European cities.

Before launching Castleforge in 2010, Michael was the brains behind transactions worth over £2bn across the UK, Europe, and Asia for Westbrook Partners in London. Before that, he spent time at Blackstone Group in New York. With a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania, graduating summa cum laude, Michael's journey is nothing short of remarkable.

Resources

1. Castleforge White Paper: Only the Paranoid (Office Investors) Survive

Sponsors

Headline Sponsor

Freshwave: Website | LinkedIn

Freshwave is the connectivity infrastructure-as-a-service provider bringing MNOs, government, and real estate providers to work together in new ways. From stadiums and hospitals to skyscrapers and shopping centres, we provide mobile, 5G and Wi-Fi connectivity infrastructure all over the UK and Europe.

Bold is a coworking brand owned and operated by NewFlex (www.workbold.co)

Future Proof Your Portfolio with NewFlex

NewFlex delivers and manages a range of branded solutions for every type of building, in every type of location, for every type of occupier. Including the flexibility to develop your own brand. All enabled by flexible management contracts where we are invested in making money for you. (www.newflex.com)

Brave Corporation: Website | LinkedIn

The next generation real estate company driving value through strategic asset repositioning to de-risk assets and increase NOI.

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