Quay Global Investors is a boutique asset manager focused on the preservation and creation of wealth through innovative strategies in real estate securities. It was founded in 2013 by principals Justin Blaess and Chris Bedingfield, who later formed a partnership with Bennelong Funds Management. The team manages the Quay Global Real Estate Fund, which was launched in 2014 and invests in a portfolio of 20-40 real estate securities listed on stock exchanges around the world. It is relatively concentrated and currency unhedged, with a conviction based approach.
“It’s easy to say shopping centres are a chore. But for a lot of people, they’re not. They’re actually a day out – a way to catch up with friends, get something to eat, see interesting stores and products.”
In this podcast, Quay Global Investors’ Co-Principal and Portfolio Manager, Chris Bedingfield, explores how our shopping habits have changed; whether shopping centres will still have a place in life after COVID; and what it means for the real estate sector.
- 1:01 – Negative leasing spreads, and why they’re misunderstood
- 4:52– The potential (and surprising) short and long-term impacts of COVID on retail
- 9:53 – How shopping centres will need to evolve in future to stay ahead of the curve
- 11:44 – How same store sales and rent numbers affect the value of a company, and why rent: profit is the metric that really matters
- 15:25 – What’s keeping the Quay team awake at night – and why they feel so comfortable about the portfolio
As mentioned in this podcast, you can also read Quay’s Investment Perspectives article on the myths and misconceptions of retail property.
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