💥 No more surprises in 2020
noun. a calamitous event, especially one occurring suddenly and causing great damage or hardship.
An Industrial property is built to last 50-60 years. Perhaps longer.
However, the property itself will need replacements and renovations across this time to prevent the need for a complete rebuild.
As Bill Gates points out above - as human beings - we’re good at managing tasks with short term success in mind, but not necessarily the longer term.
Knowing what to look out for and how to maintain a site is the reason why we work with contractors so closely.
This helps us to avoid large unexpected bills and plan our CAPEX budgets with more precision.
At Frankie, we’re passionate about helping our customers think about the lifecycle of a building and making smart economic decisions in this.
Over the next few weeks, we’ll spotlight on what you can do to ensure that there are no more surprises in 2020.
🏭 Industrial market update
The Industrial market is showing a number of interesting updates this month:
Goodman Australia has raised $1bn for a busy acquisition
JLL’s publication on the state of the Industrial sector in APAC is a fantastic read with good insights on the rise of ecommerce, importance of logistics in covid and a move to infrastructure investment
Our chat with Andrew Crosby at UDINZ
We sat down with the great Andrew Crosby to talk about the property industry and technology.
Take a read by clicking the image below.
For this week’s #worksmarternotharder, we’d like to present this incredible video that - we think - redefines the meaning of “laying pipe”.
Georgie, Aaron, Regi and Janick