This book deals directly with the risk/return multiple trade-offs coming out of the closely intertwined relationship between banking and real estate. The authors explore how banks could embrace a more proactive approach to make the most of their, mostly ‘long only’, exposure to real estate, and create positive spillover effects on their real estate counterparts and the sector as a whole. It provides a "state of the art" representation and analysis of the strategies that best practices in banking are adopting to manage these issues and plan for a new set of interrelations, driving a "virtuous circle" as opposed to the current one.

Banking, Lending and Real Estate is built on the academic knowhow and professional expertise of the authors, who have been researching, writing and working on this joint topic for over a decade. With its pragmatic approach, it allows the reader to capture which leading hedge active and holistic approaches are available today and proven to treat, for example, the banks’ overexposure to this asset class; to manage "unlikely to pay" and sub-performing positions; and to optimize the recovery value coming from the work out of real estate related NPL (and underlying assets). Case studies and relevant examples are provided, leveraging on the authors’ experience in consulting projects in the EMEA region and from working with global, regional and domestic banks and the real estate players acting across its value chain.

This book will appeal to both academics and business practitioners within the banking, financial services and real estate sectors, as well as professionals from financial and strategic/industrial advisory working in those fields.

This book deals directly with the risk/return multiple trade-offs coming out of the closely intertwined relationship between banking and real estate. The authors explore how banks could embrace a more proactive approach to make the most of their, mostly ‘long only’, exposure to real estate, and create positive spillover effects on their real estate counterparts and the sector as a whole. It provides a "state of the art" representation and analysis of the strategies that best practices in banking are adopting to manage these issues and plan for a new set of interrelations, driving a "virtuous circle" as opposed to the current one.

Banking, Lending and Real Estate is built on the academic knowhow and professional expertise of the authors, who have been researching, writing and working on this joint topic for over a decade. With its pragmatic approach, it allows the reader to capture which leading hedge active and holistic approaches are available today and proven to treat, for example, the banks’ overexposure to this asset class; to manage "unlikely to pay" and sub-performing positions; and to optimize the recovery value coming from the work out of real estate related NPL (and underlying assets). Case studies and relevant examples are provided, leveraging on the authors’ experience in consulting projects in the EMEA region and from working with global, regional and domestic banks and the real estate players acting across its value chain.

This book will appeal to both academics and business practitioners within the banking, financial services and real estate sectors, as well as professionals from financial and strategic/industrial advisory working in those fields.

Strategy and finance are generally viewed as two separate subjects. Once regarded with fascination, they have become the subject of strong criticism, the first considered too theoretical and long term to be of any use and the second too speculative and short term to contribute to value creation. This book argues, however, that strategy and finance are in fact value twins, both of which need a thorough overhaul, from their toolkits to their end goals. The author contends that we rely on strategic and financial frameworks that were developed decades ago, but, in an increasingly complex and risky environment, these need to undergo a profound transformation, one that follows an intertwined approach, enabling companies to achieve the twin goals of value creation and sustainability consistently and successfully.

The book provides a fresh and innovative view of strategy and finance. It discusses the concept of strategy extensively, examining its history, application, and importance in modern business. It also explores how strategy has evolved and how it can be adapted to better serve companies in a rapidly changing business landscape. The book emphasizes the role of finance in corporate strategy, suggesting that it is a crucial element in achieving sustainable business success, and explores how financial tools and concepts can be integrated with strategic planning to drive growth and value creation. Further, it investigates how strategic and financial planning can be used to manage business risks effectively. Readers are given useful insights via the inclusion of case studies from numerous industries, including corporations, banks, and wealth and asset managers; these real-world examples serve to close the gap between theory and practice.

Strategy and finance are generally viewed as two separate subjects. Once regarded with fascination, they have become the subject of strong criticism, the first considered too theoretical and long term to be of any use and the second too speculative and short term to contribute to value creation. This book argues, however, that strategy and finance are in fact value twins, both of which need a thorough overhaul, from their toolkits to their end goals. The author contends that we rely on strategic and financial frameworks that were developed decades ago, but, in an increasingly complex and risky environment, these need to undergo a profound transformation, one that follows an intertwined approach, enabling companies to achieve the twin goals of value creation and sustainability consistently and successfully.

The book provides a fresh and innovative view of strategy and finance. It discusses the concept of strategy extensively, examining its history, application, and importance in modern business. It also explores how strategy has evolved and how it can be adapted to better serve companies in a rapidly changing business landscape. The book emphasizes the role of finance in corporate strategy, suggesting that it is a crucial element in achieving sustainable business success, and explores how financial tools and concepts can be integrated with strategic planning to drive growth and value creation. Further, it investigates how strategic and financial planning can be used to manage business risks effectively. Readers are given useful insights via the inclusion of case studies from numerous industries, including corporations, banks, and wealth and asset managers; these real-world examples serve to close the gap between theory and practice.

Modern capitalism has focused on profit maximization at the expense of non-renewable natural resources. This has led to wealth polarization – that is, social unsustainability – and climate change – that is, environmental unsustainability. Value migration has occurred between the ultra-rich and the “remaining 99%” and across generations, with increased longevity and a demographic winter expected to contribute even more. All this has led us on a collision course with several existential threats.

This book explains that a quick and decisive sustainability conversion is necessary, requiring significant investment and careful management of trade-offs – such as those between environmental and financial risk. The author argues that a “sustainable capital” approach would account for all scarce resources used in any investment decision and adjust its risk-based pricing. It would redefine the foundations of modern finance and economics, overcoming the limits and negative implications of well-known metrics and supporting the funding required for green conversion and reduced wealth polarization. Ultimately, a “sustainable capital” approach could inform long-term sustainability transformation strategies and be used to develop a first set of pragmatic, market-based initiatives, involving non-bank funding and an operating partner approach, to accelerate a “wealth to wellbeing” and a “brown to green” transformation and the workout of the (otherwise stranded) socially and environmentally non-performing assets – securing the survival and evolution of our eco-system.

This book is aimed at those involved in the world of finance, investment management, and banking, with a specific focus on sustainable finance and green transformation. It will also be of relevance to readers interested in economic policies and the broader topic of equality, social sustainability, and wealth creation.

Modern capitalism has focused on profit maximization at the expense of non-renewable natural resources. This has led to wealth polarization – that is, social unsustainability – and climate change – that is, environmental unsustainability. Value migration has occurred between the ultra-rich and the “remaining 99%” and across generations, with increased longevity and a demographic winter expected to contribute even more. All this has led us on a collision course with several existential threats.

This book explains that a quick and decisive sustainability conversion is necessary, requiring significant investment and careful management of trade-offs – such as those between environmental and financial risk. The author argues that a “sustainable capital” approach would account for all scarce resources used in any investment decision and adjust its risk-based pricing. It would redefine the foundations of modern finance and economics, overcoming the limits and negative implications of well-known metrics and supporting the funding required for green conversion and reduced wealth polarization. Ultimately, a “sustainable capital” approach could inform long-term sustainability transformation strategies and be used to develop a first set of pragmatic, market-based initiatives, involving non-bank funding and an operating partner approach, to accelerate a “wealth to wellbeing” and a “brown to green” transformation and the workout of the (otherwise stranded) socially and environmentally non-performing assets – securing the survival and evolution of our eco-system.

This book is aimed at those involved in the world of finance, investment management, and banking, with a specific focus on sustainable finance and green transformation. It will also be of relevance to readers interested in economic policies and the broader topic of equality, social sustainability, and wealth creation.

Global cities are facing an almost unprecedented challenge of change. As they re-emerge from the Covid 19 pandemic and get ready to face climate change and other, potentially existential threats, they need to look for new ways to support wealth and wellbeing creation – leveraging Big Data and AI and suing them into their physical reality and to become greener, more inclusive and resilient, hence sustainable.

An analysis of the fundamental dynamics of this emerging “info-telligence” economy, and of the potential role of big digital players like Amazon, Google and Facebook is then paving the way to discuss a few strategic forays on how traditional sectors such as financial services, real estate, TMT or health could also evolve, leveraging Big Data and AI in a cyber-physical integrated setting. Finally, a number of thought provoking use cases that could be designed around individuals, and to improve the success and the resilience of households and companies living and working in urban areas are discussed, as an example of one of the most exciting future markets to come: the one of global, sustainable cities

This book deals directly with the risk/return multiple trade-offs coming out of the closely intertwined relationship between banking and real estate. The authors explore how banks could embrace a more proactive approach to make the most of their, mostly ‘long only’, exposure to real estate, and create positive spillover effects on their real estate counterparts and the sector as a whole. It provides a "state of the art" representation and analysis of the strategies that best practices in banking are adopting to manage these issues and plan for a new set of interrelations, driving a "virtuous circle" as opposed to the current one.

Banking, Lending and Real Estate is built on the academic knowhow and professional expertise of the authors, who have been researching, writing and working on this joint topic for over a decade. With its pragmatic approach, it allows the reader to capture which leading hedge active and holistic approaches are available today and proven to treat, for example, the banks’ overexposure to this asset class; to manage "unlikely to pay" and sub-performing positions; and to optimize the recovery value coming from the work out of real estate related NPL (and underlying assets). Case studies and relevant examples are provided, leveraging on the authors’ experience in consulting projects in the EMEA region and from working with global, regional and domestic banks and the real estate players acting across its value chain.

This book will appeal to both academics and business practitioners within the banking, financial services and real estate sectors, as well as professionals from financial and strategic/industrial advisory working in those fields.

This book deals directly with the risk/return multiple trade-offs coming out of the closely intertwined relationship between banking and real estate. The authors explore how banks could embrace a more proactive approach to make the most of their, mostly ‘long only’, exposure to real estate, and create positive spillover effects on their real estate counterparts and the sector as a whole. It provides a "state of the art" representation and analysis of the strategies that best practices in banking are adopting to manage these issues and plan for a new set of interrelations, driving a "virtuous circle" as opposed to the current one.

Banking, Lending and Real Estate is built on the academic knowhow and professional expertise of the authors, who have been researching, writing and working on this joint topic for over a decade. With its pragmatic approach, it allows the reader to capture which leading hedge active and holistic approaches are available today and proven to treat, for example, the banks’ overexposure to this asset class; to manage "unlikely to pay" and sub-performing positions; and to optimize the recovery value coming from the work out of real estate related NPL (and underlying assets). Case studies and relevant examples are provided, leveraging on the authors’ experience in consulting projects in the EMEA region and from working with global, regional and domestic banks and the real estate players acting across its value chain.

This book will appeal to both academics and business practitioners within the banking, financial services and real estate sectors, as well as professionals from financial and strategic/industrial advisory working in those fields.

Strategy and finance are generally viewed as two separate subjects. Once regarded with fascination, they have become the subject of strong criticism, the first considered too theoretical and long term to be of any use and the second too speculative and short term to contribute to value creation. This book argues, however, that strategy and finance are in fact value twins, both of which need a thorough overhaul, from their toolkits to their end goals. The author contends that we rely on strategic and financial frameworks that were developed decades ago, but, in an increasingly complex and risky environment, these need to undergo a profound transformation, one that follows an intertwined approach, enabling companies to achieve the twin goals of value creation and sustainability consistently and successfully.

The book provides a fresh and innovative view of strategy and finance. It discusses the concept of strategy extensively, examining its history, application, and importance in modern business. It also explores how strategy has evolved and how it can be adapted to better serve companies in a rapidly changing business landscape. The book emphasizes the role of finance in corporate strategy, suggesting that it is a crucial element in achieving sustainable business success, and explores how financial tools and concepts can be integrated with strategic planning to drive growth and value creation. Further, it investigates how strategic and financial planning can be used to manage business risks effectively. Readers are given useful insights via the inclusion of case studies from numerous industries, including corporations, banks, and wealth and asset managers; these real-world examples serve to close the gap between theory and practice.

Strategy and finance are generally viewed as two separate subjects. Once regarded with fascination, they have become the subject of strong criticism, the first considered too theoretical and long term to be of any use and the second too speculative and short term to contribute to value creation. This book argues, however, that strategy and finance are in fact value twins, both of which need a thorough overhaul, from their toolkits to their end goals. The author contends that we rely on strategic and financial frameworks that were developed decades ago, but, in an increasingly complex and risky environment, these need to undergo a profound transformation, one that follows an intertwined approach, enabling companies to achieve the twin goals of value creation and sustainability consistently and successfully.

The book provides a fresh and innovative view of strategy and finance. It discusses the concept of strategy extensively, examining its history, application, and importance in modern business. It also explores how strategy has evolved and how it can be adapted to better serve companies in a rapidly changing business landscape. The book emphasizes the role of finance in corporate strategy, suggesting that it is a crucial element in achieving sustainable business success, and explores how financial tools and concepts can be integrated with strategic planning to drive growth and value creation. Further, it investigates how strategic and financial planning can be used to manage business risks effectively. Readers are given useful insights via the inclusion of case studies from numerous industries, including corporations, banks, and wealth and asset managers; these real-world examples serve to close the gap between theory and practice.

Modern capitalism has focused on profit maximization at the expense of non-renewable natural resources. This has led to wealth polarization – that is, social unsustainability – and climate change – that is, environmental unsustainability. Value migration has occurred between the ultra-rich and the “remaining 99%” and across generations, with increased longevity and a demographic winter expected to contribute even more. All this has led us on a collision course with several existential threats.

This book explains that a quick and decisive sustainability conversion is necessary, requiring significant investment and careful management of trade-offs – such as those between environmental and financial risk. The author argues that a “sustainable capital” approach would account for all scarce resources used in any investment decision and adjust its risk-based pricing. It would redefine the foundations of modern finance and economics, overcoming the limits and negative implications of well-known metrics and supporting the funding required for green conversion and reduced wealth polarization. Ultimately, a “sustainable capital” approach could inform long-term sustainability transformation strategies and be used to develop a first set of pragmatic, market-based initiatives, involving non-bank funding and an operating partner approach, to accelerate a “wealth to wellbeing” and a “brown to green” transformation and the workout of the (otherwise stranded) socially and environmentally non-performing assets – securing the survival and evolution of our eco-system.

This book is aimed at those involved in the world of finance, investment management, and banking, with a specific focus on sustainable finance and green transformation. It will also be of relevance to readers interested in economic policies and the broader topic of equality, social sustainability, and wealth creation.

Modern capitalism has focused on profit maximization at the expense of non-renewable natural resources. This has led to wealth polarization – that is, social unsustainability – and climate change – that is, environmental unsustainability. Value migration has occurred between the ultra-rich and the “remaining 99%” and across generations, with increased longevity and a demographic winter expected to contribute even more. All this has led us on a collision course with several existential threats.

This book explains that a quick and decisive sustainability conversion is necessary, requiring significant investment and careful management of trade-offs – such as those between environmental and financial risk. The author argues that a “sustainable capital” approach would account for all scarce resources used in any investment decision and adjust its risk-based pricing. It would redefine the foundations of modern finance and economics, overcoming the limits and negative implications of well-known metrics and supporting the funding required for green conversion and reduced wealth polarization. Ultimately, a “sustainable capital” approach could inform long-term sustainability transformation strategies and be used to develop a first set of pragmatic, market-based initiatives, involving non-bank funding and an operating partner approach, to accelerate a “wealth to wellbeing” and a “brown to green” transformation and the workout of the (otherwise stranded) socially and environmentally non-performing assets – securing the survival and evolution of our eco-system.

This book is aimed at those involved in the world of finance, investment management, and banking, with a specific focus on sustainable finance and green transformation. It will also be of relevance to readers interested in economic policies and the broader topic of equality, social sustainability, and wealth creation.

Global cities are facing an almost unprecedented challenge of change. As they re-emerge from the Covid 19 pandemic and get ready to face climate change and other, potentially existential threats, they need to look for new ways to support wealth and wellbeing creation – leveraging Big Data and AI and suing them into their physical reality and to become greener, more inclusive and resilient, hence sustainable.

An analysis of the fundamental dynamics of this emerging “info-telligence” economy, and of the potential role of big digital players like Amazon, Google and Facebook is then paving the way to discuss a few strategic forays on how traditional sectors such as financial services, real estate, TMT or health could also evolve, leveraging Big Data and AI in a cyber-physical integrated setting. Finally, a number of thought provoking use cases that could be designed around individuals, and to improve the success and the resilience of households and companies living and working in urban areas are discussed, as an example of one of the most exciting future markets to come: the one of global, sustainable cities