Nouvel enregistrement 26

Speakers

• Speaker 1 0:04
• Speaker 2 0:00

1. 0:00

   Chapter 1: time sorry um yeah it's always next time yeah no problem no worries at all and i'm always happy to um give you an update give you the the 30 000 foot view another time on that on that meeting i thought it was actually quite good it was good um a wide -ranging discussion and um yeah it's a shame you couldn't be there but i'm always happy to um to talk about anything all right uh well maybe a little bit of context and we get straight into it because uh i already kept you waiting long enough uh uh We've been seeing a lot of office bashing, at least in France at the moment. 299s · Speaker 2

   time sorry um yeah it's always next time yeah no problem no worries at all and i'm always happy to um give you an update give you the the 30 000 foot view another time on that on that meeting i thought it was actually quite good it was good…

2. 5:00

   Chapter 2: investors and landlords and secondary offices have to take bigger haircuts and be more willing to take big haircuts to make value -add strategies work. 73s · Speaker 1

   investors and landlords and secondary offices have to take bigger haircuts and be more willing to take big haircuts to make value -add strategies work. There's more interesting opportunities. So whether you're a core strategy looking for co…

3. 6:15

   Chapter 3: and that's that's really interesting because one of the points we've been trying to monitor is we we heard from different investors over the last few weeks and months that they were looking for they were expecting sorry opportunities and you know maybe coming from distressed sellers or or things of that nature, or maybe impressed sellers or more motivated sellers would be a better way to put it. 301s · Speaker 2

   and that's that's really interesting because one of the points we've been trying to monitor is we we heard from different investors over the last few weeks and months that they were looking for they were expecting sorry opportunities and yo…

4. 11:17

   Chapter 4: 10 years, but. 197s · Speaker 1

   10 years, but... And French bond yields are at, say, 3 .6 today. But if you adjust those for that inflation that you're going to capture, the real yield spread is still about 300 basis points from 4 .5 down to 1 .5 and the real bond yield. …

5. 14:35

   Chapter 5: All right. 61s · Speaker 2

   All right. And something I wanted to have... Sorry, I'm just making sure I got everything. Something that I wanted to have your... One of the 10 reasons I listed and I wanted to have your opinion on is... Offices, to me, at least... like th…

6. 15:37

   Chapter 6: yes, absolutely. 110s · Speaker 1

   yes, absolutely. So, indeed. So I think when you're buying commercial property, you are buying the bricks and mortar. But very importantly, you are buying conviction in your tenant and their ability to pay rent. And in offices, you have mor…

7. 17:27

   Chapter 7: And because I see you got to run in five minutes, so let me just ask you a last one and then I'll let you go. 302s · Speaker 2

   And because I see you got to run in five minutes, so let me just ask you a last one and then I'll let you go. Because I read something yesterday, so I couldn't send the question in advance because I literally saw it yesterday in the evening…

8. 22:29

   Chapter 8: Let me know because I'd be more than happy to give you recommendations, show you around, whatever. 52s · Speaker 1

   Let me know because I'd be more than happy to give you recommendations, show you around, whatever. I'll meet for a catch -up. I'll be absolutely delighted to meet you. And likewise, do you know what? I loved being in Paris yesterday. I was …