179: Unlocking Global Real Estate Opportunities: Perspectives on Risks & Returns (With Brian Kingston, CEO of Brookfield Real Estate)

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 17 July 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Economist John Stuart Mill observed that “landlords grow rich in their sleep". Yet, as evidenced by the failure over the years of many real estate businesses, success is also highly dependent on entry price, debt levels and execution.

Brookfield, based in Toronto, has developed over 120 years into one of the world’s largest alternative investment management companies, with over $1 trillion of assets under management.

It is also one of the world’s largest real estate operators, and in this conversation, Brian starts by tackling the questions of “how you buy well” and “what goes wrong”?

He then discusses the most significant geographical opportunities, from hospitality in Spain to student accommodation in the UK.

He elaborates on the themes that unify the world of real estate, the blurring of lines between real estate and infrastructure and the “chronic shortage of housing” that is common to the US, Australia, the UK and Korea.

The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.

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Transcript

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0:00.0	Welcome to the MoneyMays podcast.
0:04.8	This is your first time joining us.
0:06.9	I'm the host, Simon Brewer, and in this show, we talk to proving leaders and thinkers from the worlds of business investing and beyond.
0:14.4	Money talks and money moves.
0:17.1	The direction would you choose?
0:19.5	It's the money ma'am.
0:21.9	Here to pay the way.
0:24.1	To stay up to date with every episode,
0:26.4	please do sign up to our newsletter via MoneyMayspodcast.com.
0:30.4	Episodes are also published on our YouTube channel,
0:33.2	and we're active on all major social media platforms.
0:36.3	Thank you for listening.
0:42.1	Adaptability,pins corporate survival. Founded in 1890 as Sao Paulo Tramway power company supplying two-thirds of Brazil's
0:49.7	electricity by 1940, Brookfield then pivoted to investment in the 1950s under Peter Bromfman.
0:56.8	By the 1990s, it was acquiring marquee properties, including assets from distress developer
1:02.2	Olympian York, before shaping iconic hubs like New York's World Financial Center, Canary
1:08.1	War from Beyond. And it reminded us of that partially correct statement by the
1:12.9	great economist John Stuart Mill that landlords grow rich in their sleep. But of course you need to add
1:19.3	that's highly dependent upon entry price, debt levels and execution. We thought it was time to turn
1:25.7	our attention to the world of real estate, where opportunities
1:28.9	do seem to be appearing, and whilst acknowledging that New York, Mumbai and London have very
1:33.8	different dynamics, and to help us understand more, we're delighted to welcome the CEO of
	...

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