It must additionally embody a advertising plan to reach the supposed audience effectively. A well-crafted strategy not only guides the business operations but also helps attract investors and companions by clearly outlining the enterprise’s potential for fulfillment. Commercial property has clearly been hit by elevated rates of interest, and there has been a correction, depending on where you at the second are, 10 per cent plus in terms of values. There is more likely to be a continuation of that over the course of certainly the primary half of this 12 months, as rates start to return down globally and the pressures on pricing ought to begin to ease. I would say that most exercise takes place domestically, but the overseas market does develop yr on 12 months. And certainly, in markets like London and New York, we observe fairly high penetration of cross-border funds into those markets.

• The rates