Opinion
Hear our experts’ take on the latest developments and trending topics
There are several potential multiplier effects of hosting a Formula One race on real estate. The most obvious one is the effect F1 races and similar events bring on hotel, serviced apartments and short-term let occupancy rates, and therefore valuations. Some have referred to the way in which any F1 event is a platform for local hotels and conference facilities to sell meetings, incentives, conferences and exhibitions (MICE) packages and events around the circuit for the rest of the year. Second, is the impact of construction. However, it is the third, more elusive effect, that on real estate branding, which may eventually prove the most spectacular.
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Himanshu Joshi
BEng MSc MRICS
Partner, Valuation
Himanshu is a chartered surveyor and RICS registered valuer, with over 20 years’ experience in plant and machinery valuation. His experience spans a diverse mix of industries in over 30 countries and he has worked with some of the largest FTSE-100 clients during his time with PwC in London.
Himanshu has played a significant role in developing plant and machinery valuation advisory practices in India and the UK, ensuring best practices and international valuation standards are achieved.
Himanshu is a mechanical engineering graduate with an RICS-accredited master’s degree in plant and machinery valuation and he has a business management qualification from the Indian Institute of Management (IIM-C).
Julian Roche
MA (Oxon), MPhil, PhD
Chief Economist
Julian joined Cavendish Maxwell as Chief Economist in January 2019. Coming from an old real estate family in Ireland, his career as an economist began with a first-class honours degree in philosophy, politics and economics at the age of 19, following which Julian was an analyst with the UK Government. He later helped develop and launch the UK’s residential forecasting service with the firms that merged to become Global Insight. Julian subsequently developed derivatives in the City of London and established real estate futures contracts for what is now the International Commodity Exchange. He also ran a property development and management firm, before eventually serving as an international consultant and trainer to governments, central banks and notable firms including AXA, Citibank, DBS, Deloitte and Thomson Reuters.
Julian fills his work-free time with academic pursuits; he holds several postgraduate degrees, including a PhD in International Risk Management Policy, and also the Licensed Conveyancer qualification. Julian has published many business and academic texts and articles, and is also a keen walker – especially fond of the Scottish Highlands.