GRIP Library
Five shelves. Filter by country, topic or format. The newest notes are listed first.
Newest
Startup investing
Venture funds hold many companies because they expect most of the cheques to disappoint. A handful of crowdfunding tickets is not that portfolio.
Research note25 September 20263 min read
Global economy and macro
A foreign building is also a position in the currency of its rent, its debt and the owner’s spending. The bricks do not cancel the exchange rate.
Research note23 September 20263 min read
Startup investing
The risk is not a mood about founders. It is illiquidity, a real chance of losing the whole amount, and a return that depends on an exit which may never be arranged.
Research note22 September 20262 min read
20 notes in the library
Tenure, use, buildings and the local rules that decide what can be held.
Real estate research
A new building is a contract with a developer and an unknown running cost. An older one is a known set of defects and a record. Neither is automatically the better holding.
Research note18 September 20263 min read
Real estate research
A cheaper price in another currency is not yet a comparison. Tenure, the occupier and the exit have to travel with it.
Research note16 September 20262 min read
Real estate research
A yield is what remains after the occupier, the empty weeks, the building and the tax authority have all been counted. The city brand is not that sum.
Research note12 September 20263 min read
Real estate research
Freehold, leasehold, strata, quota, company. The words are dull. They are also the asset.
Brief3 September 20262 min read
Real estate research
There is no international standard for who may hold land. The jurisdiction in front of the title is the one that applies.
Brief9 June 20262 min read
Payrolls, credit and the national facts that sit underneath a street.
Global economy and macro
A policy rate reaches a building through lenders, incomes and the amount of stock. Streets do not all reprice on the day the rate is announced.
Research note21 September 20263 min read
Global economy and macro
A street does not get expensive by itself. Work, credit and infrastructure arrive first, or they don’t.
Brief21 August 20262 min read
What a holding is for, how long it can be funded, and what a cycle does to it.
Investment basics
Income, preservation, diversification, lifestyle, legacy. Name the job. Then see whether the building can actually do it.
Brief26 August 20262 min read
Investment basics
A long hold is a design: cash, condition, and a reason to still want the asset later.
Brief29 June 20262 min read
Where firms form, and what that does to space. The ecosystems desk is the longer file.
Startup investing
A valuation is a price for a particular claim. The claim is unreadable until the customer, the cash and the terms are named.
Research note19 September 20262 min read
Startup investing
Three ways money reaches a young company. They use different cheques, different information and different ways of getting the money back.
Research note15 September 20263 min read
Startup investing
A startup stake is a private, hard-to-sell claim on a young company. It is not a smaller version of a listed share, and it is not a savings account.
Research note11 September 20262 min read
Startup investing
Startups, headquarters and industrial parks do not just need offices. They rearrange housing, hospitality and the next street.
Brief19 July 20262 min read
How a city is read before a building, including the week someone would actually live.
Markets and cities
A property is a local object attached to a labour market, a legal system and a set of daily habits. Start there.
Brief8 September 20262 min read
Markets and cities
Relocation is a life decision with a property attachment. Reverse that order and the house starts making family decisions.
Brief7 August 20262 min read
Markets and cities
Passports got more useful. Title registers did not become universal. Plan for both facts at once.
Brief28 July 20262 min read
Markets and cities
Lists feel like knowledge. A method is slower, and it travels when the list gets longer.
Brief22 June 20262 min read