MARKETS
Markets demonstrating long-term structural relevance,
international connectivity, and resilient capital flows.
Markets demonstrating long-term structural relevance, international connectivity, and resilient capital flows.
A cross-border advisory shaped by direct, first-hand experience across the markets it covers.
GLOBAL REACH
United Arab Emirates, Thailand, and Southern Africa — three markets, one
relationship-led thesis.
United Arab Emirates, Thailand, and Southern Africa — three markets, one relationship-led thesis.
UNITED ARAB EMIRATES
Institutional participation, maturing by the year
The UAE’s real asset market has entered a more mature phase of institutional participation. A more diverse investor base, higher-quality assets, and deepening partnerships between global capital and regional developers now define the landscape, reinforced by long-term economic diversification strategies in both Dubai and Abu Dhabi.
Sustained population and business growth, expanding non-oil trade, and a widening base of institutional-grade residential, hospitality, logistics, and data-infrastructure assets continue to draw structurally minded capital toward the market, even as pricing across prime segments becomes more selective.
The UAE increasingly rewards discipline over momentum as the market matures.
THAILAND
An established, resilient hospitality ecosystem
Thailand remains one of Asia’s most resilient hospitality and tourism ecosystems. Tourism strategy has shifted from volume toward value, favouring longer-staying, higher-spending visitors, while hotel investment activity concentrates around Bangkok and established resort destinations. Structural demand extends beyond hospitality into data centres, logistics, and selectively positioned retail and office assets.
Spotlight — Phuket. Phuket has moved beyond a seasonal holiday market into a broader, infrastructure-backed hospitality economy. Airport capacity expansion, a diversifying international visitor base, and a shift toward long-stay demand and branded hospitality-managed residences are widening the market beyond peak-season tourism alone.
On Phuket, location selects the asset; operational discipline determines the outcome.
SOUTHERN AFRICA
Infrastructure-led opportunity, execution-tested
Southern Africa’s real asset opportunity is increasingly infrastructure-led. Governments across the region have set out substantial capital investment pipelines spanning energy, logistics corridors, water, and digital connectivity — a scale of ambition public resources cannot fund alone. Execution discipline, regulatory clarity, and project readiness remain the determining factors between a compelling narrative and a bankable opportunity.
Spotlight — Zambia. Zambia illustrates the broader Southern African thesis in concentrated form. Copper remains the anchor of the economy, while government ambitions for materially higher production may support longer-term demand across logistics, housing and urban infrastructure. Economic diversification policy — spanning agriculture, manufacturing, energy, and tourism around assets such as Victoria Falls — is beginning to widen the opportunity set beyond commodity-linked real estate.