New research, published today in PERE. Bank card transaction data from Melbourne, Sydney, and Adelaide has something to say about retail valuation models. On days above 35°C, consumer spending falls 6.8% overall. In the peak trading window, the drop hits 13%. Spending partially rebounds the following days, by about 5%. But, and this is important
Most conversations about climate resilience in cities start in the wrong place. They begin with planning — land use, zoning, infrastructure design, flood modelling. These things matter. But treating resilience as primarily a planning problem misses where the real pressure is building. The pressure is financial. When insurers reprice flood risk in a postcode, that’s
Urban climate resilience has a framing problem — and it’s costing cities money Read More »
Key points Keyah’s market research with real estate professionals reveals a sector that understands the stakes and is still stuck. Real estate professionals are not, for the most part, unaware of what climate risk means for their portfolios. What Keyah’s recent market research found, across conversations with boards, asset managers, and advisory professionals, is something
The Market Knows It’s Running Out of Time. It Just Doesn’t Know What to Do Next. Read More »
Key points I had the opportunity to present at a Parliamentary roundtable chaired by George Freeman MP at Portcullis House in Westminster. The roundtable is being used to inform Freeman’s Inland Flooding Bill, a piece of proposed legislation designed to improve accountability for flood risk, help residents better prepare, and tighten planning rules. Alongside me
Uninsurable Britain? What Australia, New Zealand, and California can teach us Read More »
Key points Real estate portfolios face a fundamental valuation problem: asset prices do not yet fully reflect climate risk. For boards overseeing REITs, pension funds, and institutional portfolios, this mispricing represents fiduciary risk. Valuations anchored to historical data understate future impacts. The following questions provide a framework for assessing whether climate risk is properly reflected
The Valuation Gap: Board Questions for Climate Risk Assessment in Real Estate Read More »
Key points Climate risk is no longer a future concern for real estate portfolios, it’s a present valuation problem, an insurance crisis, and a fiduciary challenge. Boards overseeing REITs, pension fund real estate holdings, and institutional portfolios face a stark reality: the gap between climate risk and asset pricing is widening. A landmark survey of
The Adaptation Imperative: Board Questions for Climate-Resilient Real Estate Read More »
Sustainability and ESG terminology moves fast, particularly across real assets, where reporting frameworks, emissions standards and regulatory requirements are constantly evolving. This reference covers 60+ of the most common acronyms I encounter when working with clients. The list covers everything from disclosure frameworks and carbon accounting to building certifications. Updated regularly – let me know
Sustainability acronyms in Real Estate: A Growing List Read More »
Key points I’ve seen the good and the bad of stakeholder engagement in real estate sustainability – from occupiers becoming genuine partners in a net zero programme, to community consultations that descended into conflict and left lasting reputational damage. Having outlined the seven benefits of effective stakeholder engagement and why it’s foundational, I want to
Key Principles of Effective Stakeholder Engagement in Real Estate Read More »
Key points How many times have you developed a sustainability strategy for your portfolio, only to find that occupiers aren’t on board, investors are asking questions you can’t answer, or local communities are pushing back on a scheme you thought was doing the right thing? If this sounds familiar, you’re not alone. In real estate,
7 Benefits of Stakeholder Engagement: Why it’s the Foundation of Sustainable Real Estate Read More »
Key points As 2025 comes to a close, real estate investors face a fundamentally transformed landscape where topics including adaptation, resilience, and linked to this, insurance, are no longer peripheral but central to investment strategy, risk management, and value creation. Here are the critical trends reshaping our sector: 1. Divergent Regulatory Trajectories Creating Strategic Complexity
