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Victoria Ormond

Partner, Head of Capital Markets Research

Global Headquarters, GB

About
Victoria is a Partner and Head of Capital Markets Research at Knight Frank. Drawing on over twenty years of real estate experience, Victoria and her team develop market leading insight, thought leadership, commentary and analysis, including for the flagship insight programme, Active Capital.

Prior to joining Knight Frank, Victoria was Senior Research Analyst at Savills Investment Management.

Victoria began her real estate career with seven years at RBS, where she worked as Associate Director in origination for Pan-European commercial real estate portfolios before joining its German Restructuring team.

At Bayfield Training, she has also been involved in the design and delivery of real estate courses for major commercial real estate fund managers, lenders, investors and lawyers. Additionally, since 2011, Victoria has been a supervisor and guest lecturer at the University of Cambridge, covering areas including real estate finance, valuation, urban economics and statistics.
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Latest research

Active Capital

Top themes: Seven forces shaping capital decisions in 2026

The Active Capital Survey 2026 identifies seven tightly clustered forces that will define investment decisions in the year ahead.

20 January 2026

Active Capital

The Knight Frank Active Capital Survey 2026: How investors plan to deploy $144bn

The survey reveals how capital flows, sector priorities and strategic positioning will shape 2026.

20 January 2026

Active Capital

Sector strategy for 2026: Offices to anchor allocations as demographics and technology drive diversification

Offices will be the top targeted sector in 2026. Investors will likely focus on prime assets in core CBDs where there is income resilience.

20 January 2026

Active Capital

Investor opportunities: Prime offices, repricing plays and structural growth sectors

Respondents to the survey identify three dominant opportunity clusters shaping investor strategy for the year ahead.

20 January 2026

Active Capital

From core to complexity: What investor hurdle rates tell us about 2026

Investor hurdle rates follow a hierarchy across strategies. The gap shows liquidity, complexity, execution risk and market volatility.

20 January 2026

Active Capital

Core capital returns: The outlook for core liquidity, recovery and strategy in 2026

Core investment is set to regain momentum, driven by stabilising debt, narrowing bid–ask spreads and improving return profiles.

20 January 2026

Active Capital

Capital strategies: Defensive anchors, opportunistic plays and the rise of partnerships

The Active Capital Survey 2026 indicates an investor base delicately balanced between caution and conviction.

20 January 2026

Active Capital

Capital on the move: How optimistic investors are targeting direct commercial real estate in 2026

How optimistic investors are targeting direct commercial real estate in 2026.

20 January 2026

Investment

UK Cities DNA | The new case for UK Commercial Real Estate

The UK frequently ranks first or second as a destination for cross-border real estate investment, and with ongoing relative liquidity and an overt commitment to growth sectors, the UK continues to be a favourable real estate market.

17 December 2024

UK Cities DNA

UK Cities DNA - The new case for UK commercial real estate

The second of twelve insight papers in our UK Cities DNA initiative — putting real estate supply and demand in the context of the economic direction of travel.

23 September 2024

Offices

Insight 3: How will London recover this time?

The third insight paper in our London Series, outlining the recovery path of London's office investment market.

06 June 2024

Data Centres

Future trends and innovation in real estate investment

Investors must be primed for the sixth innovation wave. From data centres to flexible working spaces, opportunities abound.

02 February 2024

Investment

60 Second Property Digest – private investors key as lending landscape evolves

Victoria Ormond, head of Capital Markets research, highlights the key talking points from the 2023 Active Capital report.

02 February 2024

Economy

UK Capital Markets: economic headwinds continue in 2023 but opportunities still available

Geopolitical and economic headwinds are expected to impact global growth this year and subsequently commercial real estate (CRE) investment.

27 November 2023

Middle East

Future Demand: Who’s buying?

The investor landscape in the south east has realigned in recent years, consistent with the experiences of the wider UK.

16 May 2023

Global

Global Capital Markets: record Q2 for global activity

Following more than two years of the pandemic there has been a huge amount of pent-up capital which saw a record first quarter for global commercial real estate transaction activity.

26 April 2023

Commercial

UK Capital Markets: UK second most invested in location

Despite moderation from a record Q1, in the face of increasing geopolitical and economic headwinds, the second quarter was the fifth highest Q2 on record.

25 April 2023

Land & Development

Building a Pathway for Growth

The attributes of location and place can be hugely contributory in supporting the growth of an innovation ecosystem, essential to future real estate development. What are the foundations that enable innovation and how advanced are the UK cities along this path?

24 January 2023

Energy & Sustainability

How green buildings add value

Do ‘green’ buildings really produce either a rental or value uplift vs ‘brown’ buildings?

27 September 2022

Investment

UK Capital Markets: CRE continues to weather storm, despite moderating economic outlook

As the world continues to deal with higher inflation and a moderating economic outlook, UK commercial real estate has so far weathered the storm.

06 September 2022

Residential

Global Capital Markets: record start to the year for real estate

Domestic investors increasingly returned to the market while cross-border activity continued at pace.

06 September 2022

Economy

Interest rate increases, rotation to real estate and heightened hotel investment

Discover key economic and financial metrics, and what to look out for in the week ahead.

11 May 2022

Investment

Global Real Estate Investment: Get ready for a resurgence in cross-border real estate acquisitions

The globalisation of real estate as an investment class will continue in 2022.

11 January 2022

Article

Daily Economics Dashboard - 31 March 2021

An overview of key economic and financial metrics.

16 November 2021

See more