#WorkBold Podcast Episode 6

James Goldsmith, Head of Leasing for AXA Investment Managers at 22 Bishopsgate sits down with Bold Founder, Caleb Parker, to share his vision for creating a community and breeding successful companies.

22 Bishopsgate is the newest skypscraper altering the London skyline and is leading the way when it comes to deliver space-as-a-service and amenities to delight consumers.

Questions answered in this episode:

1. How do you think talent expectations have changed corporate real estate strategies?
2. What percentage of your building is dedicated to space-as-a-service
3. What drove your thinking when allocating so much of your building to space-as-a-service
4. Why didn't you operate this space yourself vs. partnering with the likes of Convene, etc.?
5. Lease vs. joint venture & management agreements: What sort of deals are you doing?
6. How do you think deal will be structured in the future?
7. Do you see the lease model being replaced by partnerships with operators?

Value Bombs and Tweetables

1. It's not just the real estate, it's how you create the right managed environment.
2. It's about shared purpose, collaboration and adaptability and they were the themes owe wanted to create for the space and what it represents!
3. It's how to create value. There are very convenient ways of creating money, actually, do we just need to turn it around and see if we get the product, right, if we get the environment, right, and we can encourage the right behaviours and the right businesses in there, then the money will flow from it.
4. The way we measure value is less about the rents we achieve and the length of the leases, and more about the success of the occupiers.
5. If you have a building with a reputation for breeding successful occupiers then that building will always be in demand - which means you are always going to have value

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About James Goldsmith

James has worked on some of London's most progressive schemes, including Apple's first UK flagship in Regent Street, Television Centre, Central Saint Giles and The Shard.
He maintains a strong belief in market research and how broader social and economic issues influence occupier needs and objectives. During his 25-year career in Central London, James has executed many high-profile and award-winning transactions as both an adviser and a principal; operating within the leasing, asset management and development markets. Before joining AXA Real Assets in 2016, he held senior positions at Deloitte, Jones Lang LaSalle and CBRE and is a real estate graduate of the University of Reading.