Back to Abundance
suellen
July 20, 2022
In this paper, we lay out the case for investing in European real estate, particularly relative to US real estate,…
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Hotels in the Age of Hybrid Working
suellen
May 16, 2022
The internet has already changed the lodging sector in meaningful ways. Hotel websites made it easier for customers to transact…
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Even Bits Need a Place to Work: the Rise of the Data Centre
suellen
February 8, 2022
As we’ve discussed before, the office has changed a great deal in the last quarter-century. Our views about that transformation…
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Why You’d Want to Live Here: Spatial Equilibria from the Industrial Revolution to the Information Age
castleforgedev
December 14, 2021
Our 2021 white paper takes up a very basic question: why do people live where they do? We draw on insights from…
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A Tale of Two Classes: Prime Office Supply in London and Paris
castleforgedev
September 21, 2021
Economic historians tell us that the Black Death helped birth the domestic silk industry in Europe. Until the fourteenth century,…
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A Basis for Value
castleforgedev
May 20, 2021
Howard Marks is worried that value investors have lost the plot. In his January 2021 memo, “Something of Value”, he…
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Gateway Cities and the Death of Information Monopolies
castleforgedev
March 6, 2021
The last time Mike visited New York (before Covid-19, of course), he decided to stop somewhere he hadn’t been in…
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A Returning Opportunity in the London Office Market?
castleforgedev
November 6, 2020
A recurring theme when we here at Castleforge attempt to prognosticate over the central London office investment market is that…
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A Future for Offices
castleforgedev
June 22, 2020
“We always overestimate the change that will occur in the next two years and underestimate the change that will occur…
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A Heavy Cost to Bear?
castleforgedev
February 21, 2020
As we have discussed in previous letters, over the past 20 years the UK property industry has seen a substantial…
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Reducing the Carbon Footprint of New Developments
castleforgedev
February 1, 2020
With recent political movements drawing greater attention to the potential impacts of human activity on climate change and governments coming…
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Incentives Matter: A WeWork Update
castleforgedev
November 1, 2019
Our readers will know that we have been covering the WeWork story for a number of years now and that…
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They Don’t Build Them Like They Used To
castleforgedev
October 18, 2019
Over the past 20 years, the UK property industry has seen a substantial rise in construction costs. We believe that…
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What Have We Learned from Clockwise
At Castleforge we foster an environment that encourages continued learning and development of each member of staff. Examples include skill-specific…
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What Does a Serviced Office Correction Look Like?
castleforgedev
February 18, 2019
Within our discussion of serviced offices, it’s important to separate the product offering from the business model. While we believe…
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In Good Company
castleforgedev
July 21, 2018
For those of you who attended our annual meeting, which was held in London on May 9th, you will know…
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Counting Cranes
castleforgedev
July 21, 2018
At our annual meeting Mike discussed at length one of the very simple but powerful metrics we use to understand…
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Watch Your Six, London
castleforgedev
March 21, 2018
On a recent trip to Berlin to meet with the buyer of 160 Aldersgate (a Germany-based fund), Mike and our…
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Incentives Matter
castleforgedev
March 21, 2018
Recently, you might have heard us discuss how we think that leasing agents are significantly less incentivised at the individual…
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Net Absorption, Huh?
castleforgedev
December 18, 2017
We recently read with some amusement and amazement an article in a UK property industry magazine, using research contributed by…
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London Serviced Offices
castleforgedev
September 20, 2017
History never repeats itself exactly, but we often experience echoes of history where the characters are the same, even if…
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U.K. Planning System Pitfalls and Opportunities
castleforgedev
July 24, 2017
Given the substantial attention dedicated to a market update at our recent Annual Meeting, we thought that rather than a…
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Crisis? What Crisis?
castleforgedev
March 1, 2016
Whilst there may be an affordability crisis in relation to the price of housing for sale, there is not the…
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