20: Mark Ridley. Group Chief Executive, Savills PLC. - A look at the world of property from a compelling vantage point

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 19 November 2020

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Franklin D Roosevelt wrote “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, and managed with reasonable care it is about the safest investment in the world “.

It’s a good time to discuss the topic of real estate, which is central to so many of us. Whether it’s your home, commercial property, farms and estates, whether it’s to live in or to invest in, whether in the UK or around the world.

So this episode’s guest sits at the epicentre of the world of real estate; Mark Ridley, Group Chief Executive of Savills.

The conversation begins with a review of current forces in residential property, before discussing the challenges facing UK retail space, supply and demand trends in commercial property and a discussion around new working practices and their implications for office space. Mark discusses the investment opportunities in various segments of the markets, what he sees in current overseas demand, the opportunities in Asia and also in the less liquid segments such as agricultural land. Mark also talks about the real estate asset management portion of the Savills business and his own vision for the firm.

Mark discusses the implications if inflation reasserts itself, re-purposing of retail space into residential and why he is positive about property from an investing perspective and as a place to work.

Transcript

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0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer, and we've created this show to explore and unravel some of the mysteries surrounding the investment business.
0:18.7	And we hope through direct and insightful interviews with
0:22.3	masters of the real-life money maze, we're going to learn about different approaches to
0:27.5	allocating capital, making investment and business decisions, and navigating the pitfalls that line
0:34.2	the paths to prosperity. Whether you're a current or aspiring investor or a student
0:39.3	exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for
0:45.6	listening. We're delighted to announce our first sponsorship with Bramont, an award-winning
0:52.8	British company that produces beautifully engineered
0:55.3	chronometers, designed to appeal to those who share the passion and appreciation of the
1:01.0	innovation and mastery behind a beautiful mechanical wristwatch, brought to you by our title
1:06.5	partner, the luxury British watchmaker, Vermont.
1:14.5	Franklin D. Roosevelt once wrote,
1:20.5	Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense and managed with reasonable care. It's about the safest investment in the world.
1:25.0	So it's a good time to discuss the topic of real estate, but it's more
1:28.5	than a topic. It's central to many of us, whether it's your own home, commercial property,
1:33.7	farms and estates, whether it's to live in or to invest in, whether it's in the UK or around
1:38.6	the world, property dominates conversations, probably second only to weather, at least here in the UK. So today I'm
1:45.5	thrilled to have someone who sits at the epicentre of the world of real estate, Mark Ridley,
1:50.5	the group chief executive of Savils. Mark, welcome to the MoneyMays podcast. Thank you very much,
1:55.9	Simon. Delighted to be here. Well, before we dissect these components, Mark, we're on a Zoom call. Everybody's had too many
2:02.6	Zoom calls. Have you had any disasters? One, I put it down to a family enthusiasm. I was doing
2:10.5	an update for actually Financial Times with a number of their readers online. And as I was halfway
	...

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