Skip to main content

Keeping it Real

Back Arrow Back

Keeping it Real

Reflecting on last week’s successful MIPIM conference in Cannes, Ocorian’s Global Head of Alternative Investments - Simon Burgess - shares his insights and highlights.

Ocorian’s MIPIM team has spent this week in recovery mode with slightly earlier nights and fewer glasses of rosé reflecting on themes of our week on the Croisette. 


Top of the list being the direction of travel for valuations and deal prices. Particularly, the tick up in swap rates, both actual and forecast pressuring up yields. Question is whether this will adversely impact on values or on lenders’ margins (or both). Probably both. 


The other big topic conversation with managers, particularly their CFOs and investor relations teams, is how technology is disrupting traditional reporting models. At Ocorian our tech roll-out linking property manager’s data with the ultimate investors is our case-in-point aggregating financial and non-financial data  speeding up accurate and ever more timely MI. If you’re not planning for this shift, you risk being left behind. Call me and I’ll happily tell you more especially our secret weapon zRobert


ScSp, RAIF and JPF were the order of the week. Luxembourg and Jersey especially were on most lips of many investors attracted to the high compliance standards, transparent and easy to set up fund structures where commercially sensitive deal information is not available to competitors.  Our clients have had great success this year finding themselves oversubscribed.  In Luxembourg, we are establishing more and more ScSp’s (limited partnerships to you and me) and Reserved Alternative Investment Funds (RAIF) are gaining traction too where enhanced fund regulation is important. Whereas in Jersey, the Jersey Private Fund (JPF) operates in a similar way relying on Ocorian’s regulatory status.  Of course, many of our deals this year have been structured via the humble limited liability company in any of our 14 jurisdictions around the world. 


Real Estate Managers we talked to are continuing to rethink the way they do business by refocusing on their core competencies. Something that is keeping us at Ocorian very busy at MIPIM and at home.  Helping clients shed non-core activities via our project management and tech teams is fascinating work - provided there is a commitment to change conventional thinking.  Transformational projects are not for everyone, but when they are that’s when magic happens. 


Of course, MIPIM covered many other subjects too including the odd reference to Brexit and CGT, the wall of capital still flowing in from Asia and the Middle East and the occasional far more serious spell in a Cannes Irish Pub singing along Karaoke Wonder Wall:  Thank you to my good MIPIM Friends from Lux and Berlin, David, Georg and Kristin for the latter. Until next year, adieu.

You may also like

27 June 2017

Reading time: 6 minutes

Fund Administration: DIY or Delegate to a Specialist?

Reliable fund administration is key to a successful investment platform. The growth in private equ...

Read more

23 July 2018

Reading time: 6 minutes

Taxing Capital Gains in UK Real Estate - What does it mean for non-UK resident investors?

Nick Terry is a Director in the Real Estate team at Ocorian and is a Chartered Surveyor with nearl...

Read more

31 July 2018

Reading time: 6 minutes

The real risks of directorship in real estate

Directors often don’t realise they can be prosecuted as an individual if there are accidents or is...

Read more