Sullivan says property challenges ‘accelerated’
Michaela Sullivan: challenge
Michaela Sullivan, the new chairman of the Scottish Property Federation, says the challenges facing the real estate sector have been accelerated by the pandemic.
Ms Sullivan, who succeeds Robin Blacklock, begins her tenure as a second wave of coronavirus-related restrictions are expected to have a significant impact on investors, landlords and tenant businesses, and on development activity.
Outlining key themes for her upcoming term in office, Ms Sullivan said: “The SPF will continue to press for sustainable economic growth with renewed urgency, and we must do so in the knowledge that the pre-existing challenge to deliver a net-zero carbon built environment, to repurpose our town centres and to deliver better places for people has not gone away, it has been accelerated.
“We will need to work together to bring about further change, in the materials with which we build and how we heat our spaces, the infrastructure we need to support economic growth, how our retail portfolios will work with changing habits and as we progress towards demanding targets to achieve net zero carbon.
“The real estate industry influences how and where people work and is instrumental in many evolving sectors such as office development, built-to-rent homes and student accommodation. This means, we are well placed to play a very important role in Scotland’s recovery from this pandemic.”
Kevin Robertson, managing director for KR Developments, becomes SPF vice-chairman.
He said: “This has been a year like no other in my experience. As we recover, and then look to work with a new Scottish Parliament in May, I see this role as an opportunity to take our industry forward in the eyes of Scotland’s wider public, its investors and decision-makers.”