Global Matters Weekly – 27 April 2020

COVID-catalysed structural changes in global real estate?
by David Lashbrook CA (SA), CFA

As a landlord and investor in real estate, I am closely watching how the world adapts to the global lock down. In our case at Momentum Global Investment Management, the transition from office to homebound working has been seamless. I wonder if this is going to cause a structural change in the demand for office space over the medium term as companies renew their current lease commitments and review their ongoing office accommodation requirements.

Market Snapshot

  • Weak earnings and oil market chaos hit equities
  • April flash PMIs point to crippling impact of the pandemic
  • Brent crude fell 23.6% ending the week at $21.4 a barrel
  • Gold rose 2.8% ending the week at $1729.6 an ounce