In October, my regular client WSP Parsons Brinckerhoff sponsored a host room at the annual conference of the Council for Tall Buildings and Urban Habitats in New York. I went along, listened in on two days of presentations and then turned it into a 72-page magazine, to be distributed to the company’s clients and partners worldwide. The overall theme of Skylines is the renaissance of tall buildings. There’s an unprecedented high-rise boom, but the new generation of towers will be very different from those that preceded them – not only in their giant scale but in the kind of spaces they offer, both in the sky and on the ground. Skylines explores what this looks like, from the perspective of designers, developers and city planners around the world.
Bad news for property snoopers: the UK’s most desirable homes are disappearing from estate agents windows, adverts and online searches. They don’t have For Sale signs, let alone glossy brochures or online walkthroughs, and you certainly won’t find them at auction. Around the world, an increasing proportion of deals are taking place off-market, in private or “whisper” sales. Instead of publicly marketing a property, agents in this most exclusive of sectors use their contacts to discreetly match buyers and sellers. Only a handful of people know that a deal is taking place, and the rest of the market will only hear about it after the deal is closed, if at all. I spoke to agents in London, Dubai and Melbourne to find out the tricks of the trade in this cover feature for Modus, the magazine of the Royal Institution of Chartered Surveyors.
The “fluid” themed issue of Modus was too good an opportunity to pass up: I pitched a feature about surveyors working in the world of wine. Happily they went for it, so I went to meet a property-developer-turned-château-negociant in the Bordeaux vineyards, who talked me through the 50 questions every prospective buyer should ask, and why they should forget about making any money. I spoke to an Australian agrarian about the toll that climate change is already taking on the Riverland’s parched vines and the financial woes of its major exporters. And, closer to home, I interviewed a fine-wine auctioneer in Cambridge about snaffling a bargain as the colleges turn out their cellars – and how to avoid a very expensive disappointment.
In good times or bad, wherever there is a building site, there is almost certain to be an argument about payment. Very low margins, long payment chains and “risk dumping” on subcontractors are common causes, but the complexity inherent in even the simplest building projects can lead to conflict. So perhaps it’s no surprise to hear of the rise of the “mega-dispute” where the sum contested is in excess of US$1bn– the natural consequence of the rise of the global mega-project, with firms from many countries working together to deliver massive infrastructure schemes. Whether conflicts are resolved swiftly or escalate into protracted court battles is down to specialists in dispute resolution, a dynamic and evolving field – and probably the most stable job in construction. In this article for Modus, the magazine of the RICS, I investigated why construction remains such a contentious industry and whether alternative approaches to dispute resolution could help.
South Africa has a population of 53m and at least 80 grade-A shopping centres over 30,000m2. Nigeria, on the other hand, has around 170m people and just two completed malls to the same standard, neither of which are larger than 25,000m2. This is the kind of statistic that makes real estate investors’ mouths water when they look at Africa, even if many have yet to bite. Foreign direct investment into the continent still accounts for less than 4% of global capital flows, but it has grown steadily to reach US$57bn in 2013. A resource-rich continent greater in size than the US, Canada and China combined, Africa’s development potential is staggering. But while its significant fossil fuel and mineral deposits may have been the main target for foreign investment to date, its real potential lies in its people. In this article for Modus, magazine of the Royal Institution of Chartered Surveyors, I spoke to investors and surveyors across the continent about the opportunities – and whether Africa’s growing middle classes really want so many new shopping centres.