You have to love the property sector. It talks about data centres as though energy isn’t an issue, healthcare properties as though private hospital operators aren’t going broke, student accommodation as though our university sector isn’t battling, retail as though Amazon doesn’t exist, and working from home as though all employees love going to the office.
It is the centre of its own universe, serviced by its own service providers, funded by its own investors (property teams are carved out inside superannuation funds and investment banks), tight-knit and collegiate when required, and yet fiercely competitive under the surface.
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