According to a study by Savills, real estate is by far the world’s largest store of wealth, with an estimated value of 280,000 billion USD at the end of 2017, around 50% more than the total value of equities and debt securities.

Residential properties account for almost 80% of this value, with the remainder split fairly evenly between commercial and agricultural properties. Although they represent only 18% of the world’s population, 45% of residential real estate is concentrated in Europe and North America.

One of the main trends in commercial real estate in recent years has been the rise of buildings converted into co-working spaces, where independent workers and people employed by different companies share the same offices. WeWork, the best-known player in this market, was forced to cancel its IPO in 2019 and subsequently replaced its CEO and announced plans to curb its rapid global expansion. However, the trend towards more flexible office rental seems to have taken hold, and various forecasts suggest that the total number of co-working spaces worldwide will rise from around 18,000 in 2019 to somewhere between 26,000 and 36,000 by 2025.

Meenthe’s experience in the real estate sector includes projects involving the recruitment of landlords, tenants as well as real estate agents and promoters.