ThePrime Pod Robert McLean

Did you know that December 3 is an International Day of Persons with Disabilities? ♿ More than 1.15 million Czechs over the age of 15 have some form of disability or challenge that limits their everyday lives.
I spoke about the issue with Tamas Méri, Co-founder and Business Development Director of Access4you, and Tewfik Sabongui, Managing Partner of Colliers Czech Republic. The episode shares numerous insights and best practices for integrating these aspects into business strategy and operations.

This episode features a match-up between two top-tier economists on today's biggest problem: Inflation. Michal Stupavsky (Conseq) says the Czech National Bank could have tackled the problem more aggressively by raising interest rates higher and sooner.
Mark Robinson (Encor Wealth Management) says the inflation earthquake of 2022 has had major consequences. "We have to look at which assets are suffering if you have to plug in a higher cost of capital for the long-run," warns Mark Robinson (Encor Wealth Management). He's talking about he tech sector, private equity and yes -- real estate. "If you've got companies producing their profits in 10 or 20 years time, those profits have to be discounted back to now...so the valuation is lower."

What do you get when you combine falling real estate valuations with higher interest rates and lower LTV in an inflationary environment? You get a commercial property market where big transactions are scarce, and brokers don't know what price to list assets at.
Savills' MD in Prague Stuart Jordan says deal flow will remain slow not because of psychology -- but because the math simply doesn't work for most investors. The deals that are happening, he says, are driven by investors who know exactly what they're looking for.

Iain Fanthorpe (Bluehouse Capital) insists that property investments aren't just designed to protect against inflation...they deliver. That was true during the last decade when inflation lay dormant. But he says it will continue to do so even in today's challenging environment. Bluehouse is a value-add real estate investor focusing on Central and Eastern Europe.
""With our assets," says Fanthorpe, "if we take a bottom up approach during our investment cycle, we feel that we can manage the process through the whole period until the environment is a little bit better."

The destructive tornado that wrecked four southern Moravian villages and hundreds of homes on June 24, 2021 unleashed a wave of solidarity from across the Czech Republic. Among those who felt a duty to contribute to the rebuilding was the Portuguese architect Marco Maio. He encouraged the villages to treat the catastrophe as an opportunity to re-imagine some of their public spaces. And as a professor of architecture at ČVUT's construction faculty in Prague, he created a real-life assignment for his students.

The fourth edition of the Czech Brownfields conference is nearly upon us. On June 16, investors, builders, banks and public officials will converge on Ostrava for two days of discussions and planning. On this edition of ThePrime Pod, Tomáš Kadeřábek (Association of Developers) says there's been plenty of theoretical talk at this point about brownfields. Now, it's time to talk about making real progress. The other guest on this edition of the podcast is David Petr (CzechInvest). He's excited by opportunity to bring such a powerful group of people together to discuss this critical components of the country's sustainability program. Those who listen to the end will get information about a potential discount to attend the exciting conference. ThePrime is a media partner of this year's conference.