Capital Made Physical
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When the Building is Not the Asset
Capital Strategy reveals the inflection point where a building’s technical liability becomes irrelevant, and the development option becomes the only…
Feb 10
•
Steven McCormack
The Movement to Real
After four decades moving toward abstraction, toward financialisation, asset-light models, and platforms over production, the current is reversing.
Feb 5
•
Steven McCormack
1
When the Shed Becomes a Power Station
The energy transition is redefining what an industrial building is.
Feb 2
•
Steven McCormack
1
January 2026
After Rent
Electrification, Energy Revenue, and the Inversion of Tenant Selection
Jan 29
•
Steven McCormack
3
Capital Made Physical
The Moyne Ross Manifesto
Jan 29
•
Steven McCormack
The Economics of Heritage
What a 113-Year-Old Fire Station Reveals About Capital Allocation
Jan 28
•
Steven McCormack
3
It's Not About Owning Data
The PropTech sector has spent fifteen years building consumer-facing apps while the real opportunity waited underground.
Jan 28
•
Steven McCormack
2
The 10% Office
The consensus narrative on AI and office space runs like this: AI makes workers more productive, productivity means fewer workers, fewer workers means…
Jan 28
•
Steven McCormack
1
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