Where is the value of a building really created?

    By Nicolas Idelot, founder of IDN Capital

    Issue 2, 22 October 2026


    The rest is in IDN Insights

    IDN Insights is IDN Capital's letter, written by Nicolas Idelot. It covers the mechanics of operated real estate: the trade-offs behind a deal, what turns up once a building is stripped back, how a lease gets signed before the works are over, and the mistakes we would rather recount once they are fixed.

    A short letter, with no set frequency. Neither a market review, nor a news aggregator, nor a sales pitch. One form to subscribe, one click to leave.

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