The cliché “don’t put all your eggs in one basket” is a tenet of good investment strategy that most investors follow. Those who don’t not only risk one or two investments dragging down the overall performance of their portfolio, but they also make the mistake of passing up opportunities by investing too narrowly. Commercial real estate is a case in point. It has been one of the top performing asset classes of the past five years and many investors who included property in their portfolios have been rewarded with double-digit returns. Building a well-diversified portfolio, however, is not a one-size-fits-all proposition.

Whether you stand firmly for, or against, the growing political, business and social movements actively tackling global climate change, one fact is inescapable: Sustainability has taken centre stage of the world arena.

To the old real estate adage “location, location, location” we would add the prefix “dis”. The past five years have not been kind to the pursuit of dislocation; the word “distress” has practically disappeared from the real estate vocabulary, making way for such terms as “super growth” and “hyperleverage”.