The latest news, views and debates from the commercial property industry. A mix of regular short interviews and the weekly news round-up, covering the whole of the commercial property industry.
From the Taylor Review and gig economy to the apprenticeship levy and gender pay gap reporting, 2017 was a big year for employment law.
EG talks to Clare Gilroy-Scott, partner at Goodman Derrick LLP, to find out how those changes have impacted the property industry and what’s in store in 2018 – including the GDPR.
As university students settle into their real estate careers the property world is being transformed by technology, with around 90% of the core tasks that surveyors currently train for being altered.
Will this spell the death of the agent? No. But it will mean they will need to perform some roles with a greater deal of emphasis in order to advance their careers?
In this tech panel discussion at Oxford Brookes University in November 2017, in partnership with CBRE and KPMG and presented by EG, experts discuss what those roles are and how to sharpen your skills in an era of automation to secure your job. Plus find out the shape of things to come for the rest of the built environment sector.
The panel:
Alex Bailes, head of product engineering, CBRE
Eden Dwek, manager, Tech Growth, KPMG
Savannah de Savary, founder and chief executive, Built-ID
Brittany Hurley[...]
EG’s deputy legal editor Jess Harrold and court reporter James Lumley discuss Mr Justice Nugee’s epic judgment dismissing Mark Holyoake’s claims against Christian and Nick Candy, summing up the judge’s findings, picking out key passages from the 193-page decision - and looking ahead to where things go next.
Jess Harrold and Karl Tomusk provide an alternative view of 2017, selecting their favourites from the stories that caught the eyes of EG’s Diary over the last 12 months.
With judgment still awaited in Mark Holyoake’s claim against brothers Christian and Nick Candy, EG’s court reporter James Lumley takes a look back at the trial of 2017, together with Alan Read, professor of theatre at King’s College. Alan was a regular in the courtroom, researching a book on friendships gone wrong, and here shares his professional insights on the dramatic highlights of the lengthy trial.
Sarah Jackman and Jess Harrold, EG’s Legal & Professional editors, offer a rundown of the year’s most interesting, important and significant property law decisions — taking in areas including landlord and tenant, planning and valuation negligence. Don’t agree with heir ranking? Why not tweet your own lists to us @legal_eg or @estatesgazette?
CBRE has acquired a stake in logistics start-up Stowga, the online platform that acts like “Airbnb for the industrial sector” as part of a strategic partnership.
The 18-month old start-up, set up by EG Rising Star Charlie Pool to address the issue around cumbersome warehouse lease lengths, connects warehouse occupiers, owners and third party logistics companies with short-term surplus space capacity with retail businesses looking for on-demand logistics services.
John burns, chief executive of Derwent London is a popular figure among the property industry’s emerging leaders, but it is the “Ritblats and the Ronsons” and Lord Samuel, the founder of Land Securities whose work he admires the most.
“They were the real builders and just did things with a different style,” Burns said, before also heaping praise on contemporary rival Argent for “creating a destination (King’s Cross) from a place that people were afraid to go”.
Speaking on EG’s Tomorrow’s Leaders podcast, Burns made the strong assertion that Derwent would not be looking to venture too far out of London anytime soon.
“People have often said to us, why wouldn’t Derwent venture out of town, but the truth is we don’t know other markets well enough.
“To do New York for example, well that’s going into the jungle, isn’t it? That will be a tough crowd of real estate experts. I think some of these places are good for holidays but no [...]
Are you ready for the Minimum Energy Efficiency Standards coming in April? EG sits down with Malcolm Hollis partners Philip White, who runs the ENS team, and Chris Sullivan, who runs the dispute resolution team, to talk about how the regulations will affect landlords and how they might develop in the future.
Did mayor Sadiq Khan’s draft London Plan, published last week, answer the capital’s housing needs? “I very much doubt it,” says Bill Hughes, head of real assets at Legal & General Investment Management. Listen to the full debate to find out more.
It has been a busy year of interviewing, learning and stumbling over their words for TECHTALK RADIO hosts Emily Wright and Samantha McClary.
In this special episode, the last of 2017, we look back at a number of recordings to bring you a Christmas compilation of the best of TECHTALK RADIO.
Listen in for snippets from recordings and if you want more click on the names below for the full recordings.
And, if you have suggestions for next year’s TECHTALK RADIO or fancy joining us in the new EG Studio email Samantha McClaryor Emily Wright
Enjoy!
The clarity in policy and the Mayor’s strategic objectives can only development across London says Steve Harrington, director of planning at Regal London.
The 35% flat rate of affordable housing required in London developments is providing welcome clarity for schemes but risks penalising marginal sites.
James Barton, senior partner at Knight Frank’s City and East Residential team, said the affordability guidance included in the Draft London Plan released today can slow down development and delivery.
London deputy mayor Jules Pipe says that the policy of densification in the Draft London Plans will allow the capital to meet its housing need without resorting to building on the green belt.
Despite this the plan still includes provisions for working with the authorities surrounding London.
Deputy mayor James Murrays says that London’s 35% affordable housing policy is working but the GLA needs £2.7bn a year to build more affordable homes.
Lorraine Hughes, senior director in CBRE’s Planning team, explains how the London plan could overrule London borough’s decision making.
LondonMetric has delivered a 4% uplift in EPRA NAV to 155.7p a share and reported profit of £79.6m driven by £52.8m revaluation surplus in the six months to the end of September.
Leisure tycoon and former tennis player David Lloyd has secured the first two sites for his adventure park concept, which will be called ‘Adrenaline World’.
The incoming and former heads of Savills’ Birmingham office Simon Farrant and Barry Allen lay out the direction for the agent as Birmingham heads into a new era.
In this week’s episode of TechTalk Radio we talk about how tech has transformed the way in which we work and how sometimes, just sometimes we need to switch off all our notifications, forget about the FOMO and just be happy. Listen in to hear from Bruce Daisley, VP of EMEA for Twitter and host of the Eat, Sleep, Work, Repeat podcast, on the new workplace manifesto, and from Matt Rice, head of growth for UK & Ireland at Facebook’s Workplace, on how the way we communicate outside of work should be the way we communicate in work.
All that and Emily Wright and Samantha McClary doing their usual.
CBRE’s build to rent team of Arthur McCalmount, Helen Gray and Pete Burns give their views on how much the UK market can or should be influenced by the US.
Earlier this month six finalists in EG’s first TechTalk Academy had the unenvious task of pitching their businesses in front of some of the toughest business minds in the country. Listen in to hear the pitches and the grillings.
The industry has responded with mixed reactions to the Autumn Budget. From business rates and stamp duty changes, to infrastructure investment and that capital gains tax bombshell, there was plenty for the property sector to chew over.
This podcast features analysis from the EG team with:
Bill Hughes, head of real assets at Legal & General Investment Management
Ion Fletcher, director of finance at the British Property Federation
Eamonn Boylan, chief executive for the Greater Manchester Combined Authority
Jerry Schurder, head of business rates at Gerald Eve
Susan Emmett, head of housing and urban regeneration at P [...]
FROM THE ARCHIVE: While the TechTalk Radio team work on some fresh new content for you, we take a look back through the TechTalk archive and bring you a classic episode that discusses the impact of AI on the industry, the growth of flexible working, data sharing and the need for fresh new skills in the property.
First published in the summer, the recording shows how quickly the industry is learning and adapting to change. Adoption is coming.
Listen again and enjoy. And join us again next week for a fresh new episode.
INDUSTRIAL & LOGISTICS SUMMIT: Charlie Pool of Stowga and robotics expert Chris Middleton discuss the future of of the industrial and logistics sector in the UK. Will automation change the industry? Is the sharing economy making its way into sheds? Will we swipe right for more space? All those questions, plus views on what the industry needs to do to futureproof itself.
David Bishop, deputy chief executive of Nottingham City Council, explains what the next big thing is for the city.
Episode 2 of The Agenda sees barrister and EG columnist, Jonathan Seitler QC of Wilberforce Chambers, go head to head with Jacqui Joyce of The Property Mediators to discuss the merits of using mediation instead of litigation to resolve property disputes. In a debate that ranges from confidentiality and precedent setting to cost and efficiency, no stone is left unturned in exploring where the merits of each mechanism lie.
Cambridge-based Howard Group is considering speculatively building 60,000 sq ft of offices in response to the growing demand from life sciences companies for new accommodation at relatively short notice.
The development company’s plans will be subject to approval for an existing application for a 200,000 sq ft business park in Sawston in south Cambridgeshire.
The first phase of the Sawston scheme will provide a 72,000 sq ft of mixed use space, including co-working offices.
William Jewson, development director, said: “We are seriously considering building speculatively as the sort of occupiers our buildings appeal to don’t like to wait 18 months for a new building. They don’t plan that far ahead. What they like to see is a building coming out of the ground so they know it’s going to be completed by the time they are ready. And often they like to engage with the developer as it is being built, then refine it to their requirements.”
Time Out Market chief executive Didier Souillat tells EG that the business is on track to meet its target of opening five market in five years and how the model could become the future anchore for retail developments worldwide.
Michael Harrison, co-founder of Gravity trampoline parks, speaks to EG about his beackground growing up on a travelling fun-fair and how his childhood roots in leisure have given him the skills to build a £30m leisure buisiness in less than three years.
Nicole Bremner director of East Eight Group, explains what is holding smaller builders back.
The ongoing ambition to position Cambridge as the centre of the UK’s life sciences industry is significantly unmatched by the pipeline of suitable space for businesses to move into.
Currently there is just 18 months’ worth of laboratory accommodation in the city’s pipeline, according to Rob Sadler, head of Cambridge office for Savills.
The owner of one of Rome’s oldest pasta restaurants has launched two new restaurant concepts called Fettuccine Alfredo and is looking to expand in London and Europe.
MODA’s director of developments Lee Savage explains the developer’s push into the South East.
In front of an illustrious, albeit all male (we know, we asked) panel of judges at the New Diorama Theatre in London last night, six proptech start-ups pitched their businesses for the chance to claim as much as £150,000 of investment from VC investor Pi Labs.
The inaugural EG Techtalk Academy, in partnership with Pi Labs, CBRE and KPMG, saw nervous and excited entrepreneurs battle against a five-minute stopwatch and the threat of being hooted off stage before enduring 10 minutes of frank and tough questioning from a panel that comprised Dominic Wilson, managing director of Pi Labs, Nick Leslau, chairman of Prestbury, Chris Grigg, chief executive of British Land, Dave Eisenberg, senior vice president of digital enablement and technology at CBRE, Mike Sherwood, former MD of Europe at Goldman Sachs and Kevin Brown, founding partner of REV.
Six pitched but only one could be cr [...]
A lack of transport infrastructure is a major constraint to housing development in Cambridge where the shortage is regarded as “acute”, and unless addressed, truly affordable accommodation will be but a pipe dream for the city’s young adults.
This was one of the key points made at EG’s Cambridge Question Time on 15 November. Listen to the full debate here.
Panellists were:
Rob Sadler, Head of Cambridge Office, Savills
Martin Curtis, Associate Director, Curtin & Co
Derek Carr, Partner, PEM
Michaela Henson, Partner – Cambridge, Howes Percival LLP
William Jewson, Director, Property Development, Howard Group
John Miu, Chief Operating Officer, ABP
Chaired by: David Hatcher, News & Finance Editor, EG
The owner of American Dream in New Jersey, a $5bn retail led development on the outskirts of Manhattan, is looking to secure UK retail and restaurant brands for its 3m sq ft project.
Retailers that have already agreed deals include Hermès, Saks Fifth Avenue, Lord & Taylor, Zara, H&M and Primark.
When complete in 2019, the development will have 450 shops and restaurants. More than 50% of the space will be dedicated to entertainment facilities including a Nickelodeon Universe Theme Park, DreamWorks indoor waterpark, Big Snow America indoor ski slope, Observation Wheel, Merlin Entertainment’s Sea Life Aquarium and Legoland Discovery Centre, Kidzania, Cirque du Soleil theatre, Cinemex luxury experience and an NHL sized ice rink
The council and private developers need to work together to give occupiers and other players the confidence to sign up to new developments says Vivienne Clements, director, Henry Boot Developments.
Meyer Bergman’s £300m retail-led development on the former Vinopolis wine-tasting site, SE1, near London Bridge will be called Borough Yards.
The investment manager has instructed CWM and JLL as letting agents on the scheme, and is now actively looking for retail and leisure occupiers for the 115,600 sq ft of available space which is split over 50 units.
At the Junior property Litigation Association’s recent dilapidations seminar in Birmingham, a highly experienced panel answered questions from JPLA members.
Guy Fetherstonhaugh QC (Falcon Chambers), Nick Dowding QC and Christopher Sullivan (Malcolm Hollis). David Murgatroyd (Gerald Eve), Richard Kay (Beckett & Kay) and Neil Burridge (Radius Consulting) fielded queries posed by panel chair Alison hardy (Squire Patton Boggs).
Discussion ranged from an outline of the role of building surveyors and section 18 valuers in the dilapidations process to preparing a schedule of dilapidations, when to get the lawyers involved, what lessons can be learned from other countries and what role technology including drones can play in embracing the future.
New PLA chair, Martin Edwards, discusses his aims for the coming year, his work on the committee to date and how he hopes to drive forward the organisation.
In this special (aka bonus) episode to the TechTalk Radio podcast, we feature interviews with all six of the finalists selected to take part in EG’s first TechTalk Academy on 15 November. The six firms - AccuCities, Beringar, Chimni, Demand Logic, Sorbet and Walulel - will battle it out, live on stage, for as much as £150,000 of investment, plus a year of mentoring, from Pi Labs.
The will be faced with a barrage of questions from our expert judging panel - Pi Labs’ Dominic Wilson, CBRE’s Dave Eisenberg, Prestbury’s Nick Leslau, British Land’s Chris Grigg, ex-Goldman boss Mike Sherwood and REV’s Kevin Brown.
Nerve-racking? Nah, not for these six. Probably.
Listen in to hear more about the businesses they will be pitching on the big night.
To claim your ticket to come along to the live event click HERE
Valuers have been guilty of “fashionable pessimism” since the UK voted to leave the European Union, according to John Redwood MP. He is urging the property industry to “cheer up”.
The former Daily Mail printing factory, now known as Printworks, sits within British Land’s Canada Water masterplan and opened in February this year to be used as an events venue as a temporary use while the site goes through planning.
However, the popularity and success of the venue has prompted the developers to re-consider future options for the property and they are now considering keeping it as a permanent part of the development.
Is there genuine motivation in the industry or in politics to change the way we build and deliver houses? Barry Jessop, managing director of First Base, talks about modular construction, what the industry can learn from Tesla and why there is a need for speed in housing.
EG head of news David Hatcher talks to The Crown Estate’s James Cooksey about occupier demand, the impact on development and the challengers developer face.
In this week’s episode of the TechTalk Radio, Samantha McClary meets Chrissie Lightfoot (@thenakedlawyer) to talked about her freshly launched AI LISA. Robot lawyer LISA aims to provide legal services for the 9 out of 10 landlords and tenants that are unable to access pricey “human” lawyers. They talk about the market LISA will serve, how the lawyers might react and where the inspiration for LISA came from.
Also in this episode, co-host Emily Wright gets her own back.
She’s one of the property industry’s few female chief executives, and a self-confessed “miss clipboard” who spends her days negotiating with investors, raising capital and flying the flag for the company she has dedicated the past 23 years to.
But away from the office, Jo Allen from Frogmore loves nothing more than a spot of gardening, watching cartoons, and relishes the opportunity to “pootle around looking like something that’s been dragged through a haystack.”
“I try to bring some of that sense of family to Frogmore, as does Paul (White, Frogmore Chairman). But I’ve filtered my way up the company to chief executive and I’ve been a mate and a friend to many in the team. Not anymore now though, as I’m the person they have to to go to if they want something.”
Straight talking Allen spoke to EG for its latest Tomorrow’s Leaders podcast.
She considers her resilience as one of her finest traits, and takes immense pride in the profe [...]
What is the current appetite from global capital allocators for London property? What will the impact of a rate rise be on the market? Is lending getting risky?
EG spoke to CBRE global chief economist Professor Richard Barkham following CBRE’s London market insight breakfast.
London’s leasing market was dominated by pre-lets and a resurgence in financial services in Q3. What does that mean for the market going forward? Where is tech and media in all this? And what happened to the City Fringe? EG’s head of London offices, Victoria Bajela, discusses these questions and more.
While London take-up recovers, net stock absorption is at a 15-year low. Occupiers are vacating more space than during the financial crisis. Simon Durkin, director of strategy, research and operations at Seaforth Land, discusses why this is happening and when we can expect a bounce back.
EG interviews London & Oriental partner Mark Cannell about L&O and Lai Sun’s plans for a 56-storey tower at 100 Leadenhall Street.
After appearing at EG’s Edinburgh Question Time, former Skyscanner COO Mark Logan talks to Rebecca Kent with advice for scaling tech companies for maintaining innovation, he discusses “energising” offices and office locations, the devastating effect of Brexit on the UK’s tech community, data over opinions and the next big thing in tech.
You can hear Mark at Edinburgh Question Time here.
There’s a new prop-tech platform on the block which is looking to revolutionise the way that retailers find properties in the UK.
Online retail marketplace eLocations has arrived in the UK. Despite only launching eight weeks ago, the website already has 2,248 registered users in the UK, of which 1,480 are in London.
Founder and chief executive Marc-Christian Reibe launched the platform in 2016 and it already has 10,000 registered users worldwide.
The RIC’s Simon Rubinsohn explains the mood in the residential and commercial property markets in the run up to Christmas.
In this week’s episode of TechTalk Radio, hosts Emily Wright and Samantha McClary list the six finalists shortlisted to battle it out at EG’s TechTalk Academy on 15 November for as much as £150,000 of investment from PiLabs, Floored founder Dave Eisenberg talks about the transition to working for CBRE and what he will be grilling the Academy pitches on, and special projects editor and host of EG’s Tomorrow’s Leaders podcast Rebecca Kent joins us in the studio to share some valuable insights from her interview with Skyscanner’s Mark Logan.
And we set a Halloween challenge for TechTalk’s avid listeners.
Restaurant agents could improve their service to operators by taking more care to match their concepts with the right property, according to Steven Tozer, one of the founders of popular London eatery Le Bab.
Redefine’s Mike Watters and Stephen Oakenfull explain what’s on the horizon for income focused REITs.
Founder Michael Bloomberg and architect Norman Foster explain how Bloomberg Place was conceived at a New York diner, why occupiers are better clients than developers and what Bloomberg thinks about the future of London post-Brexit.
In this episode of TechTalk Radio, Emily Wright and Samantha McClary sit down with CBRE’s chief technology officer Chandra Dhandapani to talk all things tech and data.
With a global role at the world’s biggest broker, Dhandapani has a massive job on her hands. But with a firm that has already shown its willingness to invest, build and partner when it comes to technology and a background in digitally transforming one of the US’s biggest banks, Dhandapani is more than up for the job.
Listen in as we talk of the role data will play in the transformation of the agent, where in Europe is exciting CBRE for tech development, Dhandapani’s key priorities for the business, and why you need to be searching her name in the Kindle store soon.
Wifi, lamb flatbreads, Spurs-branded gin and leisure and entertainment facilities at every turn will be some of the key features of the new £850m Tottenham Hotspur Football Club stadium, at the centre of a vast regeneration area in Tottenham, N1. Speaking from MIPIM UK, Tony Davison, commercial manager, said: “It’s going to be like nothing anyone has ever seen before. It is going to deliver an amazing customer experience and will also help us put more money in the bank which ultimately ends up on the pitch, so Harry Kane can keep scoring goals for us.”
Hugh Keir, of Blue Abyss talks through plans to build the world’s deepest and largest commercial diving pool for astronaut training, in Bedfordshire, as space exploration becomes more accessible thanks to the likes of Elon Musk’s SpaceX and Amazon founder Jef Bezos.
Economist, writer and broadcaster Tim Harford examines, in front of a MIPIM UK audience, the future of economic forecasting.
Working together is the key to delivery of new homes and commercial space, says Tim Bowles the first metro mayor for the West of England.
Elected in May, alongside five other metro mayors across England, the former business development manager will preside over a £1bn budget. This will be drip fed over 30 years for transport, housing, planning and education for the Greater Bristol region, incorporating Bristol, Bath & North East Somerset and South Gloucestershire councils.
Speaking at MIPIM UK about the combined authority he said: “We are working together both with our joint spatial plan and our joint transport strategy and studies to make sure we are identifying opportunities for new homes.
“We are making sure we are providing transport and other infrastructure to make those sites viable and deliverable.”
Roger Marsh, chair of the Leeds City Region Local Enterprise Partnership, dismisses the gloomy outlook of some to highlight the potential of investing in the north.
“There are challenges out there but challenges always present opportunities,” he says.
Frogmore’s investment director Patrick Smith talks about how Brexit uncertainty is raising short term UK investment risk and what the firm’s strategy will be in mitigating that risk.
“We feel with all this uncertainty the premium we need for the risk is obviously impacting on pricing. This is short term instability caused because of Brexit and the political make up. We are very positive about the long term future there are some fundamental aspects of UK real estate that are here to stay.”
An expert panel at MIPIM UK weigh up the risks and the rewards of investing in real estate in UK cities.
The panel included:
Sara Bailey, Head of Real Estate, Trowers & Hamlins
Tony Bray, Area Director - West Midlands and South West England, Cities & Local Growth Unit, HMG
Tony Brown, Chief Investment Officer, M&G Real Estate
Abid Hussain,Senior Investment Manager, MBU Capital
Stacey Meadwell, National & Sector editor, EG
Charles Hecker, senior partner at independent, global risk consultancy Control Risks casts his projections on the future state of geopolitics, global security and macro economics, bringing together analysis from colleagues in 36 locations around the world. He was speaking at MIPIM UK.
How did London office take-up bounce back after the referendum and are we starting to see it slip again? James Lock, managing director at Blackstone Group International Partners, explains why the rebound might finally be slowing down.
With the Cheesegrater sold in the City’s second biggest investment deal, Brexit negotiations becoming a normal fact of life and the snap election safely behind us, London’s leasing market bounced back in the second quarter of the year. Can the momentum continue? And to what extent are flexible office providers responsible for the uptick?
Experts discuss at an EG panel at MIPIM UK.
The panel included:
Presentation by: by Graham Shone, Senior Data Analyst, EG
Jonathan Evans, Office Leasing Director, Almacantar
Ross Blair, Senior Managing Director and Head of Hines UK
Mike Wiseman, Head of Office Leasing, British Land
Stéphanie McMahon, Research, BNP Paribas Real Estate
James Lock, Managing Director, Blackstone
Chaired by Damian Wild, editor, EG
MIPIM UK had a distinctly tech feel to it this year, so TechTalk Radio co-hosts Emily Wright and Samantha McClary took their mics to Olympia in west London to talk tech with the masses. There were discussions on how tech is transforming the agency world and the world at large and a rather surprising experience in a little green room – you would have had to have caught EG’s Instagram story for that. And, EG editor Damian Wild makes his debut on the podcast.
Stuart Woolgar, director of security at Global Guardians reveals that commercial property landlords are losing hundreds of thousands of pounds salvaging their properties occupied by squatters when ’smart, savvy’ people in need of affordable accommodation could be looking after them instead. Woolgar also talks to EG about how how guardianship is coming into the 21st century with a new proptech platform.
What is the current state of investment into the UK? Where is the money coming from and in what volume? What are the drivers and what are the detractors for investors? What assets are they chasing? Which sectors are hot? And what is the Impact of corporate occupiers’ post-Brexit plans?
Investment experts, government representtives, regional movers and shakers and number crunchers examine the market at this MIPIM UK debate.
The panel:
Opening remarks from Susan Cauldwell, Managing Director Strategic Relationships & Performance - International Trade & Investment, Department for International Trade
Presentation by: by Graham Shone, Senior Data Analyst, EG
Patrick Smith, investment director, Frogmore
Lynda Shillaw, Chief Executive, MAG Property
Roger Marsh OBE, Chair of Leeds City Region Enterprise Partnership
Sir Richard Leese, Leader, Manchester City Council
John Miu, Chief Operating Officer, AB [...]
Lloyds Banking Group chief executive Antonio Horta-Osorio opened the second day of MIPIM UK with a keynote on the UK’s position in the new world order.
For every 1% of trade the UK loses with the EU as a result of Brexit, it will need to trade 9% more with China just to maintain economic stability, he said.
Listen to his keynote here.
Editor of WIRED UK publication Greg Williams delivers a keynote speech at MIPIM UK on tech, how humans fit in with AI, drones, diverless cars and how we will be accessing services in the not too distant future.
Data is king. Knowing what you have, what else you need and where you could get it from is essential. But how should the property industry use it to make the experience of its customers and clients more pleasurable? What is property without it, what do you do if you don’t have much of it, and how to you navigate the challenges of obtaining it?
Experts discuss at an EG panel at MIPIM UK, including:
Rupert Nabarro, Founder, Investment Property Databank
Oli Farago, CEO, Coyote Group
Dan Hughes, Data & Information Product Director, RICS
Neil Burton, Managaing Director Real Estate Services, Greystar
Sandra Jones, Director, Dataloft
Andrew Collinge, Assistant Director, Intelligence and Analysis, Greater London Authority
Chaired by Samantha McClary, deputy editor, EG
A report by Remit Consulting produced for the RICS found that 88% of a surveyor’s core tasks are ripe for automation. As proptech, innovation and the use of big data continue to grow and disrupt on a daily basis, what does this mean for the role of the traditional property surveyor?
An expert panel discuss on an EG panel at MIPIM UK. Including:
Antony Slumbers, Digital Transformation Strategist
Tushar Agarwal, Founder and Chief Executive, Hubble
Rupert Parker, Head of Futureproofing, GVA
Sebastian Abigail, Senior Director, VTS
Jon Neale, Head of UK Resarch, JLL
Chaired by Emily Wright, Features and Global Editor, EG
The PRS/build-to-rent sector has taken hold in the UK, yet it’s still a fledgling sector. At this MIPIM UK session experts examine models in development, the current appetite for the sector and discusses what housing solutions the UK really needs.
The panel included:
Bill Hughes, Head of Real Assets, Legal & General Investment Management
Dr. Jacqui Daly, Director - Residential Investment Research & Strategy, Savills
Richard Snook, Senior Manager, PwC
Chairing: Damian Wild, Editor, EG
EG spoke to Scott Parsons managing director of retail, LandSec, and Hannah Milne, head of regional portfolio, Crown Estate, on the upcoming opening of Westgate Oxford – Oxofrd’s new £440m retail and leisure destination due to open on October 24.
EG REWIRE at MIPIM UK: Lendlease executive general manager, head of design and technical, Lucy Homer, talks to EG about personal confidence in the workplace and why more women makes for more productive construction sites.
An all-women panel tackle the questions about equality in the property industry that some people are afraid to ask.
The panel included:
Lucy Homer, Executive General Manager – Head of Design and Technical, Lendlease
Jackie Newstead, Partner, Hogan Lovells International
Sam Harden, Head of Strategy, CLS Risk Solutions
Sue Brown, Executive Director Planning and Development at London First
Andrea Carpenter, Director, Woman Talk Real Estate
Chairing: Samantha McClary, Deputy Editor, EG
https://www.egi.co.uk/news/egmipimuksessions2017/
In this week’s episode of TechTalk Radio, cold-ridden co-hosts Emily Wright and Samantha McClary are reunited in the EG studio to catch up on the big interviews from last week’s New York Real Estate Tech week, including with WiredScore bosses Arie Barendrecht and Philip Kanfer and founder of co-working space Convene, Ryan Simonetti. They also talk diversity (or lack of) and cuts. Listen in and enjoy.
The membership organisation Young Entrepreneurs in Property has a board in place and big plans for expansion that will bring young industry professionals together across the uk, and the globe.
Rebecca Kent speaks to board directors Johnny Clayton, Angelica Donati and Sophie Eastwood.
Read the story here: https://www.egi.co.uk/news/relationships-are-forged-over-memorable-experiences/
In this month’s Mainly for Students podcast, Stephanie Latham, senior lecturer at Nottingham Trent University, shares her top tips for helping undergraduates to sharpen their soft skills and maximise their employment prospects at course-end.
In the last in a series of coat room podcasts at New York Real Estate Tech Week’s MIPIM start up event, the duo behind connectivity ratings company Wiredscore talk about global expansion plans.
Listen to Arie Barendrecht and Philip Kanfer talk connectivity, future growth and why their UK counterparts William Newton and Tom Redmayne will never steal their crown as the “original” wiredscore dream team.
The future of the office now goes beyond even what the occupier wants, according to one of New York’s leading proptech entrepreneurs. Rather it all comes down to the individual.
Ryan Simonetti, co-founder and CEO of Convene, a workplace as a service platform that partners with global landlords including Blackstone in Chicago and Brookfield in LA to help them operate offices more like the hospitality sector, said that the future of the office is not all about co-working, but rather the “cosumerisation” of the real estate experience.
Elaine McKechnie is centre director of Future Space, an innovation hub for fledging tech and science firms. At just over one year old, the space – based on the UWE campus in Bristol – is 70% let and home to some of the most innovative home grown and international businesses.
The space provides office and lab space for firms in the growth phase up to 10 to 15 people. However, McKechnie said she had witnessed a real issue for start-ups in Bristol finding space as the grew from 15 to 100 people. She said that “grow on” space was still sparse, expensive and quite risky for firms when they were still in that growth phase.
Spaces that were in demand from the young, innovative companies were the less shiny parts of Bristol, said McKechnie, such as shipping containers.
Listen in to find out more about Future Spaces and the start ups it incubates.
Developer Paul Isaacs, managing director of Generator South West, and Nicola Beech, cabinet member for spatial planning and city design at Bristol City Council, went head to head as they debated the value of politics in planning at Bristol Question Time.
Hear the full debate, with speakers:
Julian Harbottle, Director, Deveopment and Head of Western Region, Savills
Elizabeth Dunn, Partner, Burges Salmon
Paul Isaacs, Managing Director, Generator South West
Elaine McKechnie, Centre Director, Future Space
Nicola Beech, Cabinet Member for Spatial Planning and City Design, Bristol City Council
Chairing: Damian Wild, Editor, EG
Last week, Swedish prop tech entrepreneur Magnus Svantegard from Datscha had a microchip injected into his hand by a tattoo artist in Stockholm. Part of an optional programme at Swedish co-working space Epicenter, where members can choose to be chipped to more efficiently use the space.
Svantegard can now access the building, office and conference facilities by swiping his chipped hand and can also use the chip to pay for food in on the onsite cafeterias. And that’s just within the co-working space itself. The chip also allows him to to store his tickets for Swedish Railway and access certain gyms without the need for travel documents or passes.
He spoke to EG at this year’s NYC RE Tech Week about the implantation process and explained why he thinks others should consider following suit.
The property sector must not put job protection ahead of progress and innovation, according to Cushman & Wakefield’s chief digital officer Adam Stanley.
Developer Capital & Centric has launched a mentoring programme, Regeneration Brainery, to attract new and diverse talent into the sector. Find out how it works, how you can get involved and why it could help your business.
The podcast features interviews with Capital & Centric co-founder Tim Heatley, brainery participants, OBI Property founder Will Lewis, Sheila Bird Group co-founder Atul Bansul and Bruntwood learning and development business partner Adele Weaver.
Josh Artus, co-founder & director of built environment strategy, The Centric Lab and Melvin Rose, project lead, KPMG UK, give their views on improving wellness in the workplace.
From the future of the office to why crypto currency exists, the first two days of New York Real Estate Tech Week flew by in a haze of coffee, coding and calls for collaboration.
The event kicked off with a conference on the future of the workspace where Glenn Hicks, east coast coordinator of workplace management software platform iOFFICE spoke to EG about the problems that can be caused when collaboration is sidestepped in the quest for technological advancement.
Then we spoke to two of the UK proptech cohort in New York for the event this week, Nick Katz of homesharing management tool Acasa and KPMG’s Nick Wright, about everything from fund raising and bridging the gap between CRE and tech to the differences between the UK and US approaches to innovation and investment.
Finally, we do our best to bring you some clear, si [...]
Matthew Garwood, head of health, safety, security and environment EMEA at Cushman & Wakefield, explains what property owners and investors are asking about to protect the people using their assets.
LA-based proptech fund Fifth Wall has made its first European investment since launching in May into pop-up company Appear Here.
This will be the first investment that the fund, which was launched by former Blackstone associates Brendan Wallace and Brad Greiwe with a $212m raise and backing from major property players including CBRE, Hines and Prologis, has made outside North America.
Nick Katz joined EG on a rainy day in New York for a hipster coffee and a chat about all things proptech. Find out why he will never operate his business out of an office, why he compares Americans to peaches and Europeans to coconuts and, most importantly, what is in a honey bear latte.
NYC RE Tech Week kicked off yesterday with a morning dedicated to the future of the workspace.
Glenn Hicks, east coast coordinator, of workforce-centric software platform iOFFICE spoke to EG about the future of tech innovation in the workplace being scuppered by the emergence of ‘technocrats’ as everyone and no one tries to take responsibility for rolling out digital transformation in global businesses.
Senior partner and group chairman Alistair Elliot explains what drove Knight Franks results in the year to March 2017.
Prices in London need to correct by “15%-20%” to be viable for UK buyers, according to David Skinner, chief investment officer – global real estate at Aviva Investors.
He was speaking on an EG panel at EXPO REAL which examined why international investors were so drawn to London’s Trophy towers, as well as the investment prospects for the rest of the UK.
The panel included:
David Skinner, Chief Investment Officer – Global Real Estate, Aviva Investors
Stuart Black, Director of Development & Infrastructure, The Highland Council
Alastair Hilton, Partner and Head of Investment, Farebrother
Neil Robinson, Director of Global Communications, ABP London
Chaired by: Damian Wild, Editor, EG
Listen here to a recording of the full debate.
Former Stanhope development director Jason Margrave has joined Quintain as an executive director in charge of replenishing the company’s development pipeline. He speaks to EG about with this means for the company.
M&G Real Estate’s head of investment for Continental Europe Olivier Vellay explains what the investor will be targeting over the next 12 months.
Paul Coates, RBS managing director, UK real estate finance, shares his thoughts on where we are in the cycle, how lending has changed since the global financial crisis, and what we can expect for the sector next year.
Damian Mitchell, property director at Causeway Asset Management, on how to future-proof your buildings and what opportunities there are for Belfast to improve its real estate offering and retain its educated workforce.
Citi’s Roland Shaw explains why the firm has taken an aggressive expansion strategy in Belfast and why Brexit has sped that up.
Cushman & Wakefield’s head of structured finance James Spencer Jones gives his perspective on the key drivers of the debt market.
An expert panel debates connectivity, competitive rents, the hotel sector, competing with Dublin, investor appeal, development opporutnities and more. Listen to the full debate here.
The panel included
Damian Mitchell, Director, Causeway Asset Management
Simon McEvoy, Director, Belfast Office Agency, Savills
Joanna Robinson, Partner, Pinsent Masons
James Collier, Development Manager, City Centre Development, Belfast City Council
Roland Shaw, Director – General Counsel, Belfast, Citi
Chaired by: Emily Wright, Global and Features Editor, EG
Retail developments should be shaped around their localised target markets and embrace multiple uses in addition to retail and leisure use, according to a panel hosted by EG at Completely Retail Marketplace.
NewRiver director Emma Mackenzie said: “We are doing much more mixed use. A lot of that is with F&B and residential, and a lot of the residential adds value to the overall development. It brings residential back into the town centres and works very well within retail.”
Here you can listen to the full debate.
The panel included:
Presentation by James Child, Retail & Industrial Analyst, EG
Stuart Harris, Commercial Director & Co-Founder, Queensberry
John Miu, Chief Operating Officer, ABP London
Emma Mackenzie, Director, NewRiver
Mark Sherwood, Director, Attis Asset Management / Cons [...]
Stuart Black, director of the Scottish Cities Alliance, explains how Scotland is continuing to attract investment.
Lynda Shillaw, Divisional Chief Executive, MAG Property Group, says interconnected infrastrcuture is now critical for the north.
Knight Fraank’s Nick Cripps explains why investment into the logistics sector is being frustrated by a lack of stock being traded.
Knight Frank’s Mike Bowden explains the investor interest in Amsterdam and Berlin, which could be set to benefit at the expense of London.
EMEA chief executive at JLL Guy Grainger explains that JLL is now investing heavily in its technology offering to clients.
Dr Marcus Cieleback, head of research at Patrizia, explains new research measuring the investment credentials of cities around Europe for residential investment.
CBRE Global Investments’ John Mulqueen explains some of the risks for investors at the moment.
Diageo has launched a search for a development partner to develop a €1bn (£890m) urban quarter on the site of the Guinness brewery in Dublin.
The drinks company wants to develop a 1.5m sq ft mixed-use development called the St James’s Gate Quarter on 12.6 acres of surplus land at the St James’ Gate site where Guinness has been brewed for more than 250 years. It has appointed Deloitte Real Estate to manage the tender process.
Oliver Loomes, country director for Diageo Ireland explains the vision.
In this week’s episode of TechTalk Radio, we meet three more judges for EG’s inaugural TechTalk Academy, a competition for start-ups - supported by Pi Labs, CBRE and KPMG - in which firms battle it out for up to £150,000 of investment.
This week we sit down with British Land chief executive Chris Grigg and former co-head of Europe at Goldman Sachs Mike Sherwood. The pair, who worked together for almost 20 years at the investment bank before Grigg joined BL, discuss the role of tech in real estate and financing, what they will be looking for from pitches to the Academy on 15 November, and how VR made them both a little queasy.
And Kevin Brown, founding partner of REV, a venture capitalist firm supported by EG parent company RELX, joins Emily Wright and Samantha McClary in the studio to share some lessons learnt from more than 15 years investing in tech and how he’ll be looking at the teams behind the pitches at the inaugural EG TechTalk Academy.
To find o [...]
Conservative party conference: Nickie Aiken explains how the borough’s council tax top-up will work and how it could raise £2.6m
Northern Powerhouse and Local Growth minister Jake Berry on the northern powerhouse versus the industrial strategy; his relationship with the metro mayors; and what we can expect from Conserative Party conference 2017.
REWIRE is EG’s club for women across the built environment. It runs events that seek to provide a place for women to not only network but to learn, grow and find their tribe. This month, REWIRE and GVA hosted an event called How to be a rock star and inspire a new generation.
The event, which focussed on how to be the best mentor and mentee, presented REWIRE members with sage advice, comical and sometimes self-deprecating but always inspiring stories from Lloyds’ new head of commercial real estate Madeleine McDougall, MAG chief executive Lynda Shillaw, entreprenuer Emma Sinclair and GVA senior director Ros Goode.
Hosted by EG deputy editor Samantha McClary, listen in to get a taste of what the evening had to offer.
The Premier League footballer Glen Johnson has been quietly building up a property business. He tells Julia Cahill how and explains why he sees his future in property.
Martin Perry, director of development at TH Real Estate, gives EG an update on the £1bn St James regeneration scheme in Edinburgh.
Speculation around the introduction of residentail Rent Pressure Zones is hampering investment into Edinburgh, an expert panel argued at Edinburgh Question Time.
Also, the attitue of German investment funds towards the UK post Brexit, compared to domestic funds were weighed up, and panellists shared their most favourite, and least favourite aspects of doing business in Edinburgh.
The panel included
Michael Thain, Head of Place Development, City of Edinburgh Council
Martin Perry, Director of Development, TH Real Estate
Laura Bloxham, Managing Associate, Bond Dickinson
Faisal Choudhry, Director, Residential Research, Savills
Mark Logan, Former COO, Skyscanner / Start-up Advisor
Moderator: Damian Wild, Editor, EG
Savills Studley director John Harte, speaking at Savills’ Spotlight on Reading, talked to EG about his role representing large US occupiers who are taking offices in the Thames Valley and elsewhere.
Former head of property within RBS’s Restructuring Division, Aubrey Adams, has given his first interview since becoming a non-exec director at Tritax Big Box.
She set up her own Manchester-based property company 20 months ago with no clients and no projects.
Now Michelle Rothwell’s firm Watch This Space has 30,000 sq ft of space over nine sites with plans to develop the same again in the pipeline.
From commercial office space in old pubs to bringing the first new town house development scheme to the heart of Manchester, EG’s 2017 Rising Star and former CBRE office agent explains why she branched out on her own at the age of 29, how she became the ninth person in history to complete one of the toughest races in the world and says she speaks to the most negative people she can find to get the best business advice.
Shelagh McNerney, head of development at Salford City Council, explains why the council is investing in property and shares her opinion on whether the Treasury should introduce any restrictions.
Inland Homes chief executive Stephen Wicks and finance director Nish Malde explain what the housebuilder will do to replace help to buy as it is phased out.
Kevin McCabe, founder and chairman of Scarborough Group, on what Sheffield needs to improve to attract more investors and why overseas money is already piling into the region.
John Mothersole, chief executive of Sheffield City Council, on setting up a direct line with the EU’s chief negotiator, Michael Barnier, and what’s piquing business interest in the city.
The department store model needs to evolve in order to survive, and operators that fail to do so may die out.
One of the main challenges facing all department store operators in the current retail climate is how to manage surplus space, which many no longer need. They need to start thinking of different ways to use it in order to optimize the customer experience, including incorporating office, leisure, and storage.
Revo policy advisor Matt Ogg shares his observations and key takeaways from the Labour party conference in Brighton.
Greg Williams, editor of Wired talks to EG ahead of his keynote speech at Mipim UK in October about how no one really knows what the future holds, why a distracted government needs to get a far better grip on tech legislation and why machines are unlikely to steal our jobs.
In this week’s episode of TechTalk Radio, hosted by Emily Wright and Samantha McClary, we talk to Greg Williams, editor or Wired about how no one really knows what the future holds, why a distracted government needs to get a far better grip on tech legislation and why machines are unlikely to steal our jobs.
Lucian Cook, head of UK Residential Research at Savills explains what will sway the prime residential market.
Tom Gilman, managing director, Kier Property North, responds to Greater Manchester mayor Andy Burnham at EG’s Question Time in Manchester.
Cllr Kieran Quinn, leader of Tameside Borough Council and chair of the GMPF explains the fund’s investment priorities going forward.
Pop-up mall concept Boxpark is opening in Wembley next year ahead of a country wide expansion.
The creators of the shipping-container inspired venue have agreed a deal with Quintain to open at the developer’s scheme Wembley Park.
Boxpark also has aggressive plans to expand the concept natio [...]
The first elected mayor of Greater Mancheser, Andy Burnham featured on the panel at EG’s Manchester Question Time. Speaking to a 200-strong audience, he defended his decision to overhaul the Greater Manchester Spacial Framework, and said: “I felt it would lead to decaying town centres surrounded by urban sprawl and ever congested roads. I didn’t think it had all been thought-through enough, and therefore I couldn’t put my name to it.”
He was on the panel alongisde Tom Gilman, Managing Director, Kier Property North; Jeremy Hinds, Head of Planning, North, Savills; Darren Hughes, Partner, Gateley Plc; Shelagh McNerney, Head of Development, Salford City Council; Kieran Quinn, Executive Leader, Tameside Borough Council and Chair, Greater Manchester Pension Fund.
The debate was chaired by Damian Wild, editor, EG, and held at Manchester Town Hall.
Amazon’s former head of European real estate, Raimund Paetzmann, has joined German ecommerce company Zolando as corporate vice president of real estate.
EG spoke to him about his new role, and how his previous experience being at the helm of the world’s largest e-tailer had given him insight into the future of multi-channel retailing.
Listen to the first in a new EG Legal series podcast, The Agenda, in which barrister and EG columnist Jonathan Seitler QC of Wilberforce Chambers puts forward his agenda to other legal practitioners for debate. This week, he is going up against Alison Hardy, national head of the property litigation team at Squire Patton Boggs and current chair of the Property Litigation Association. The episode focuses on AI, blockchain and what proptech really means for the industry.
What is the most important thing developers and landlords need to understand about their building? Occupiers. What occupiers expect from buildings is changing, and the industry has not underestood some of that change. Ciaran Carvalho, head of real estate at CMS, and Clare Thomas, a partner at the firm, discuss some of the major occupier trends they found in their latest UK Real Estate Report.
Cubex director Gavin Bridge explains how the scale has tipped in Bristol for office schemes as Finzels Reach secures a 13,326 sq ft pre-let
As part of EGs new look Mainly for Students, recent property graduate, Michael Halston, reflects on his degree, setting out in the world of work and offers tips on what first year students need to think about now rather than in year three.
EG’s Samantha McClary and Emily Wright condense last week’s TechTalk Live event down into 45 minutes of must-listen to content. And some of their waffling. Hear from Arup’s Volker Buscher on why if your job involves a spreadsheet you probably need to go to night school, from our panel of experts on whether there is too much noise in tech or whether no idea is a bad idea, from CBRE’s product engineer on why the world’s biggest agent is doubling its annual investment in tech and from US-based VC MetapropNYC on why the boring stuff is the valuable stuff.
EG’s TechTalk Live event took place on 15 September at Derwent London’s White Collar Factor in partnership with CBRE and KPMG.
Watch it in full HERE
Listen to the full recording of EG latest TechTalk Live event. Hosted at Derwent London’s White Collar Factory in London, experts from the tech and real estate industry share their knowledge and views on tech investment and the property sector’s digital transformation.
The event was held in partnership with CBRE and KPMG.
Prestbury Invetsment’s Mike Brown explains what he thinks is happening in the long income market as Secure Income REIT announces doubling of money over three years.
Stephen Vernon and Pat Gunne explain the threats and opportunities for Irish property as Green REIT reveals annual results.
Philip Lewis, chief executive of property at Kirsh Group, talks to EG about what investors want to know about proptech and the most important thing he looks for before funding new ventures.
Hear the full debate from Oxford Question Time with panellists:
Steven Sensecall, Partner, Carter Jonas
John Miu, COO, ABP
Piers Scrimshaw-Wright, MD, Oxford Science Park
Richard Byard, Director of Business Development, Oxfordshire Local Enterprise Partnership (OxLEP) Ltd
Chairing: Stacey Meadwell, National & Sectors Editor, EG
EG Not Just Another Property Event: Manchester’s Capital & Centric show “passion and proper vision” as property co-founders play “Mr & Mrs” game
Tim Heatley and Adam Higgins, founders of Manchester-based regeneration specialist Capital & Centric, entertain and engage the audience at EG’s Not Just Another Property Event as they talk about defining company moments.
Chaired by Damian Wild, Editor, EG and Savannah de Savary, Founder and Chief Executive, Built-ID.
Richard Croft, chief executive and co-founder of M7 Real Estate, told a rapt audience at EG’s Not Just Another Property Event his sobering experience of running European real estate fund management business Halverton at the time of the financial crash of 2007. He acknowledged a string of bad decisions continues to inform the choices he makes today.
He was speaking on a panel called Challenging Stereotypes and Being Richer for it, as part of EG’s Not Just Another Property Event.
The panel brought together property figures who span the industry to share insights into their career journeys and business ambitions, speaking candidly about the highs, the lows, the times they had to be resilient, and the lessons they have learnt.
Panellists
Antonia Swinson, chief executive, Ethical Property Foundation
Justin Carty, senior director, [...]
Key real estate players were asked where they would invest £1bn if they could start a new property business.
Speaking on the panel at EG’s Finance & Investment Summit were:
Tony Gibbon, Consultant, GM Real Estate
Derek Jacobson, Co-Chief Investment Officer, Madison International
Teresa Gilchrist, Director & Head of Investor Relations, M7 Real Estate
Lars Huber, Senior Managing Director, CEO, Europe Region/London, UK, Hines
Chairing: David Hatcher, Head of News & Finance, EG
Read more: https://www.egi.co.uk/news/where-would-key-players-put-1bn/
Canadian giant Brookfield will be looking to move out of the city of London for new investment opportunities, according to newly installed chief executive Neil Thompson.
Listen to his interview with David Hatcher, EG’s Head of News & Finance, at EG’s Finance & Investment Summit.
Read more: https://www.egi.co.uk/news/brookfield-to-spread-beyond-city-and-wont-be-shy-of-mixed-use-schemes/
Some of the UK’s biggest lenders spoke about the challenges and opportunities in the current lending environment, at EG’s Finance & Investment Summit.
Catherine Webster, Quintain’s strategic finance and investment director, said the private rented sector in the regions is difficult to fund because of unproven gross-to-net and low cap rates.
The panel:
Catherine Webster, Strategic Finance & Investment Director, Quintain
Roman Kogan, Managing Director, Deutsche Bank AG London
Amy Klein Aznar, Head of Debt Investments and Special Situations, LaSalle Investment Management
Stephen Bullock, Head of Large Corporates, Real Estate Structuring and Analysis, NatWest and RBS Real Estate Finance
Chairing: David Hatcher, Head of News & Finance, EG
Read more:
https://www.egi.co.uk/news/lenders-caution-on-regional-prs/
Decision-makers at some of the world’s biggest pension funds discuss opportunities to work alongside them in a panel entitled: WALKING AMONG GIANTS - HOW TO WORK WITH THE INDUSTRY’S BIGGEST PENSION FUNDS
They discuss:
What returns and opportunities are sovereign and giant pension funds targeting?
What is the best way to work alongside them as operational or advisory partners?
How is the low yielding environment impacting investment strategies?
The panel:
Stéphane Jalbert, Managing Director, Real Estate Investment, PSP
Alex Jeffrey, Chief Executive, M&G Real Estate
Tom Jackson, Director, Real Estate Investments, Canada Pension Plan Investment Board
Chairing: David Hatcher, Head of News & Finance, EG
Read More: https://www.egi.co.uk/news/how-to-work-with-the-industrys-biggest-pension-funds/
Sue-Lin Heng, managing director at Eastdil Secured, said that overseas investors were unlikely to see value in taking listed companies private, despite market chatter about the current discounts at which property companies are trading.
She was among industry experts who discussed the topic of mergers and acquisitions in the property industry.
They answered the questions:
Is the market ripe for m&a activity?
What is the prospect of a listed propco being taken private?
What sectors are most likely to see activity?
The panel:
Patrick Long, Managing Director, Lazard
Angus Dodd, CEO, Quintain
Sandy Gumm, COO, Prestbury (and Non-Executive Director at Secure Income)
Sue-Lin Heng, Managing Director, Eastdil Secured
Chaired by David Hatcher, Head of News & Finance, EG
Read more: https://www.egi.co.uk/news/eastdil-current-take-private-chatter-is-overstated/
Property and investment giants discuss the panel topic: WHAT’S THE WORST THAT COULD HAPPEN? - DISTRESS
Discussion topics include:
Where in the UK and Europe are we seeing early signs of distress?
Does this mean there are good opportunities?
How will lenders react?
Panel:
Cameron Spry, Senior Partner, Tristan Capital Partners
Aref Lahham, Managing Director, Orion Capital
Andy Pyle, Partner, KPMG
Cyril Courbage, Head of European CRE, Fortress Investment Group
Roger Orf, Partner & Head of Real Estate, Europe, Apollo
Chaired by: David Hatcher, Head of News & Finance, EG
Read more: https://www.egi.co.uk/news/orf-in-equity-warning-to-prime-london-resi-developers/
Trevor Williams, visiting professor at the University of Derby, and chief economist at the IEA Shadow Monetary Policy Committee explains how we should prepare for the economic shockwaves to come.
The new stategic board will advise the government on supporting investment in the UK’s towns and cities.
Members have been drawn from a range of backgrounds including residential, leisure, urban design, retail property, local authorities and occupiers.
Mark Williams, vice president of Revo, said: “The make-up of the board ensures Revo’s activities moving forward, including our work with government, will be shaped by insights from not only from private sector investors and developers, but also local authorities and retail and leisure operators, which have such a bearing on the look, feel – and success – of a place.”
Dimbleby, the co-founder of fast food chain Leon restaurants and street food markets London Union, will sit alongside landlords, developers and local authorities on Revo’s new strategic board which will aim to support all businesses in the retail property and place making-sectors.
While his roots are in the restaurant trade, his experience in the industry since founding Leon in 2004 means Dimbleby has some clear cut ideas on what the real estate sector needs to do to evolve in the face of challenging headwinds.
Town Centre Securities, which reported a small rise in NAV and a growing pipeline of developments in its full year results this morning, talks to EG about where to find value in the regions and what it hopes to achieve in the coming year.
M&G Real Estate chief executive Alex Jeffrey talks to EG about the investor’s plans for the sector at the EG Finance & Investment Summit.
At today’s Finance & Investment Summit at the British Museum in London, Aref Lanham, managing director at Orion Capital Management, explained to EG how commercial landlords were at risk due to the quickening nature of technological disruption in offices and logistics.
L&G’s Bill Page, chair of the British Council for Offices Research committee, explains the key findings from its latest report into office to residential conversions.
In this week’s episode of TechTalk Radio, hosted by Emily Wright and Samantha McClary, we talk to Vik Tara and Adam Blaxter of Technology Blueprint about how tech in real estate has changed over the last 20 years, why people need to stop talking about VR and just do it and how tech can turn us all into superheroes.
Asaf Navot, founder of online lettings agency Home Made, drops into the TechTalk Radio studio to talk about his business post fund-raising and how he plans to take on the most-established and bigger online portals.
And while listening to TechTalk Radio is great, coming along to one of our TechTalk events is even better.
Tickets are still available for our TechTalk Live event on 15 September, which features keynotes and debates from some of the biggest names in tech investment from the UK and US, and can be purchased HERE.
If you are a start-up, looking for investment, mentorin [...]
The West Midlands Combined Authority has the perfect opportunity to attract more national housebuilders away from London says Terence O’Rourke’s Faraz Baber.
Ian Stringer, regional senior director of GVA’s Birmingham Office, explains whats the West Midlands Combined Authority has been doing for the property sector.
Chief executive of Birmingham City Council Stella Manzie explains how the WMCA can use housing to show its competence to national government.
Ahead of the opening party this evening, Derwent London founding director Simon Silver joined EG on the top floor of the company’s White Collar Factory, the much-hyped office building that has now officially launched.
There is no more powerful driver of tech advancement than the expectations of the end user.
In this week’s Tech Talk Radio, we heard from major players in two different sectors linked by the same overarching theme; meeting increased occupier demand.
First, workplace guru and Cushman & Wakefield’s new head of global occupier services Despina Katsikakis talked about the changing demands of modern corporate occupiers. Speaking exclusively to EG, Katsikakis said: “The expectation is that I link the real estate world to the corporate occupier world and bring them into a closer, iterative relationship.
“The war for talent is shifting the priorities for corporate occupiers from short-term cost reduction to long term business value, primarily around attraction, retention and engagement. That’s why I think this role is very opportune.”
She added that chief executives should increasingly be viewing successful [...]
Despina Katsikakis, the workplace consultant behind the first iteration of the Google office design, has been appointed by Cushman & Wakefield as global head of occupier business performance.
Katsikakis has over thirty years’ experience advising corporate occupiers including Microsoft, Unilever and BP on the impact of workspace on business performance and is currently advising the team delivering Sir Stuart Lipton’s 22 Bishopsgate, set to be Europe’s first major WELL-certified new-build project.
The former architect has joined Cushman & Wakefield in a full-time role to help the firm’s occupier clients - as well as the building owners and landlords seeking to attract them - understand how real estate can be repositioned to drive performance and productivity.
Speaking exclusively to EG, Katsikakis said: “The expectation is that I link the real estate world to the corporate occupier world and bring them into a closer, iterativ [...]
Gravis Capital Partners, the specialist investment management group with in excess of £2bn funds under management including GCP STudent Living, has rebranded as Gravis.
EG spoke to chief executive Rollo Wright and founder and fund manager Tom Ward on the future of the new platform and future opportunities for its student housing fund GCP Student Living.
Lynda Shillaw described the Lloyds banking job in the aftermath of the 2007 financial crash, as the “most toxic environment I’ve ever worked in” and recalled, “it was hard, the public hated us, the politicians hated us, the regulator was still trying to work out how it would regulate the industry.”
Shillaw was headhunted to lead the real estate lending team at Lloyds in 2010. “They wanted someone with credibility and a rapport with clients. I was a banker who knew what a building site looked like.”
“It was the biggest professional stretch I had made”.
Three years in, in late 2013 she had worked out that she didn’t want a career as a Banker and was appointed to head the Property Fund Management Business at, SWIP, which was the UK’s fifth-largest real estate fund management business, owned by Lloyds bank.
Seven weeks in she was told the business was being sold. “All I had to pitch to inv [...]
Australian fitness group F45 has 507 outlets around the world, with six sites already up and running in London and a further eight in the pipeline.
All this has been achieved in just three years and it has aggressive expansion plans for the UK.
EG speaks to global sales director Luke Armstrong on the groups plans for the year ahead and the UK fitness industry.
CBRE’s head of debt and structured finance for Europe Marco Rampin explains the drivers of debt and borrowing across the continent, and how the UK compares.
Ragnar Lifthrasir is one of the leading experts when it comes to blockchain and bitcoin for real estate.
The founder of the International Blockchain Real Estate Association (www.ibtcrea.org) and blockchain platform Velox.RE answers the simple and the more complex questions about what blockchain really means for real estate, how it can be utilised, what you should look out for when choosing whom to work with, why bitcoin is better than ethereum and much, much more.
Look out for the full interview on www.egi.co.uk/news soon.
And if you want to hear more from Lifthrasir, he is one of a number of high profile speakers at next month’s New York Real Estate Tech Week, where EG is media partner with US-based accelerator and organiser of the event Metaprop. Find out more at w [...]
Cast Consultancy chief executive Mark Farmer explains how modular offsite house building can help solve London’s housing crisis.
London Assembly member and planning committee chair Nicky Gavron explains what the London mayor Sadiq Khan must do to boost off site modular house building.
In the first of this new series of podcasts from the team at EG that looks at the extraordinary things that people in property do, we meet Julian Evans, head of healthcare and hotels at Knight Frank, by day, intrepid explorer whenever he can.
For Evans, it all started with the marathon, then a six-day run across the Sahara, then from that extreme heat to the extreme cold of the North Pole. So far, Evans has climbed the equivalent of 132 Shards stacked one on top of another.
In this recording, we find out exactly how he is able to travel around the world taking part in these extreme adventures while holding down the day job, his most fearful moments and the lessons he has found most applicable to working life.
In this week’s episode of TechTalk Radio, Emily Wright and Samantha McClary talk to Built-ID founder Savannah De Savary about what it’s like to launch a start-up and why competitions like the EG TechTalk Academy with PiLabs and CBRE can offer more than financial support on what can be a very lonely journey; Metaprop founder Aaron Bloc calls in from New York City to chat about the flow of capital into tech; and LA-based Fifth Wall founders Brendan Wallace and Brad Greiwe share their story on raising a $212m fund and reveal plans for Europe.
While listening to TechTalk Radio is great, coming along to one of our TechTalk events is even better.
Find out about next month’s TechTalk Live event here (http://www.egevents.co.uk/Tech2017) and how to enter our TechTalk Academy (and the chance of £150,000 of investment) here (
Native Land chief executive Alasdair Nicholls talks to EG about how his company is dealing with a slowdown in London’s luxury residential market.
Network Rail begins its first property “returners” programme in September, which is aimed at bringing skilled surveyors who have had a career break, into its workforce.
Principal development manager Kirsten Durie explains more about the pilot programme and who it is suitable for.
Also hear from Marion Ellis, head of customer experience at Countrywide Surveyors, who explains her own ‘return to work’ experience from maternity leave, including collapsing on a train and being told by the passenger she spilt coffee all over that she looked “really tired”.
Footballer turned developer Gary Neville talks to EG about the latest designs for his controversial £200m mixed-use Manchester city centre scheme and explains why he won’t only be selling flats to local people.
Strategic land accounts for 51% of Taylor Wimpey’s overall housing development completions.
Despite this, most people - even industry professionals - don’t really understand what strategic land is.
Regional director Ben Coles and assistant land manager James Malyon give the lowdown as the housebuilding giant rolls out its first ever strategic land graduate programme.
When LA-based fund Fifth Wall launched in May this year with a $212m raise, Brendan Wallace and Brad Greiwe became two of the most talked about players in real estate tech investment.
The former Blackstone associates raised over half of the initial fund through backing from property heavyweights including CBRE, Hines and Prologis - all part of an overarching strategy to get the end user on board from the outset. The rest of the investment came from financial institutions.
The first pure proptech fund of its size, Fifth Wall has already invested over $60m in real estate tech including VTS and already has plans to raise another, larger fund.
Three months on from Fifth Wall’s public launch, Wallace and Greiwe spoke to EG about how their investment platform works by backing the technology the property sector wants and needs, where they are looking to invest next and why they think London is the most exciting tech market in Europe.
Fresh from acting for Thor Equities and AEW on their purchase of 100 New Oxford Street from Tishman Speyer for £180m, just two months after their launch, Tydus Real Estate speaks to EG about founding a niche agency during jittery times in the market, and about what the future holds.
Tel Aviv-based Sosa, a tech innovation hub, has eyes on a global expansion and bringing its revolutionary concept to London.
The business, which also opened in New York earlier this year, was set up by 25 tech entrepreneurs in 2013 to create a network of start-ups, entrepreneurs, corporations and investors to do business in one place.
Only 25% of the company’s revenue is from renting space and the remainder from corporate membership with Sosa working to bring together the members of differing sizes to do deals.
Uzi Scheffer, chief executive said: “Sosa is a platform that connects innovators. We have the physical space which is very important where are partners and members meet and interact but most of our activity is beyond space.
“We are running a global network of tech i [...]
Nick Leslau, chairman of Prestbury and one of the EG TechTalk Academy judges, has predicted that tech is to have a “devastating” impact on some property agents.
In this week’s episode of TechTalk Radio, Emily Wright and Samantha McClary are joined in the studio by EG’s head of news and finance David Hatcher. Fresh from a trip to Tel Aviv, Hatcher shares his insights on the most entrepreneurial city in the world and talks to some of its smartest start-ups, Nick Leslau, one of the judges on EG’s TechTalk Academy tells us why he is excited to see what gets pitched and Emily Wright gets all cerebral with The Centric Lab’s Josh Artus.
John Myers, co-founder of London YIMBY, interviewed about his report published today alongside the Adam Smith Institute, which advocating for more housing, to stimulate economic growth while at the same time winning votes.
LondonMetric Property has bought 14 urban and regional logistic warehouses for £116.6m from Cabot Properties.
Shopping centre owner Capital & Regional has reported a 6.6% increase in adjusted profit in its half-year results to 30 June 2017.
Chief executive of Galliard Stephen Conway and Co-managing partner of Brockton Capital David Marks explain their latest deal.
APC chairman of assessors and industry expert Jon Lever shares his 20 top tips for APC candidates, taking them through from the very beginning of the process to successful completion.
Directors Charles Holland, Alex Greaves and Rory Cramer explain how the changing London residential sales dynamic is going to act in Marsh & Parsons favour.