Stephen Macdonald Presented at CoreNet Global Summit APAC 2024

Our Managing Partner, Stephen Macdonald has delivered a keynote at the CoreNet Global Summit last week in Kuala Lumpur.

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How tech is impacting the demand for space was a key piece of his presentation.

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Some key takeaways:

- There is a greater expectation from the new cohort of highly digital users on what is viewed as "tech normal" to work / live / consume.

- The increasing risks for assets + portfolios, due to the potential for digital contagion, via social media platforms.

(See SVB example - were it was acquired at discount, with a profit of c.$10bn booked shortly after by the acquirer. It fell in 2 days! - in part due to social media.).

- Commercial Real Estate's owners business model has shifted - it is now a B2C model rather than the traditional B2B model.

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At The Proptech Connection, we have mapped 50 sub-asset classes, and 600+ real estate use cases as frameworks to assess techs in this fast evolving landscape.

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This depth highlights the importance of the bespoke strategies needed for hyper-curation for space users.

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Please do reach out to us today to find out more about these and how we can help with your real estate and tech strategy.

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