Is your business in the right location?
With changing weather patterns, an office sensibly located just 10 or 20 years ago could now constitute a risk. Developments in the market can help you to quantify the risks and make better decisions around existing locations and future expansion.
The integration of technology in buildings and the data-gathering this enables is helping real estate operators and investors to raise the profitability of properties but it is also changing the nature of risk exposure in the sector.
On Friday, 13 March 2020, the High Court handed down judgment in Beaumont Business Centres Limited -v- Florala Properties Limited.
An increase in frequency and severity of weather events has triggered a heightened awareness and information demand to better understand climate related risks, particularly for assets with a long lifespan like real estate. More refined modelling techniques are helping investors to better assess the risk exposure of properties.
The need for social distancing is shifting the focus on services and applications in the commercial real estate sector towards solutions that make staff feel safe when they finally return to the workplace. Employers are responsible for the protection of all workers in the gradual return to work.