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Rapidly changing landscape: Commercial real estate and the new perspective
This paper discusses how the commercial real estate industry has been heavily affected by the changes experienced during 2020 as result of the COVID-19 pandemic. Businesses and employees have been unable to work in their regular locations; retail stores and other sectors have been shuttered for extended periods of time; student housing, logistics and warehousing, life sciences have all faced the unknown. The paper stipulates that the future survival of the physical environment hinges on an acceptance that change is needed, that a new approach must be taken. The need to evolve buildings physically has never been as urgent. It discusses how owners have recognised that they must adapt their buildings or increasingly face challenges in attracting and retaining the tenants they want.
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Andrew Phipps spent ten years learning from and latterly leading a boutique consultancy undertaking projects that saw him working in over 40 countries across five continents. He also found time to fit in an MBA at Henley Business School before moving to GfK, the global research house, to lead the UK retail business and then developed and filled the role of global director of digital. His move into real estate came at CBRE where he led EMEA research and consulting, primarily for retail, before taking on the role of executive director in research. He is currently employed at Cushman & Wakefield, where he has two roles: Head of Business Development, Research and Marcomms EMEA and Global Futurist.