Property Income Trust for Charities

Property in a Brave New World
Politics, Technology and Creativity
Mayfair Capital’s Investment Seminar
Tuesday 2 June 2015
8:15am – 1:30pm
The Seminar will focus on two main themes:
Politics – a surprise Election result?
What does a Conservative majority mean to property, business and
the economy?
Technology and creativity - a digital revolution?
How are these driving occupational demand, office requirements and
investment strategy?
This investment seminar is designed for Professional and Institutional Investors,
Investment Managers, Family Offices, Charity and Pension Trust Professionals,
Trustees and their Advisors
Venue
The King’s Fund
11-13 Cavendish Square
London, W1G 0AN
In partnership with
Seminar Programme
8:15-8:45
Registration
8:45-8:50
Chairman’s Introduction
Stephen Musgrave, Mayfair Capital
8:50-9:40
Panel Debate – What are the implications
of UK election? (Moderated by Jack
Sidders, Estates Gazette)
Steven Norris - Property & Politics
Kim Winser OBE - Entrepreneur
Mark Garnier MP - Government Policy,
Finance & Regulation
John Ayton - Entrepreneur
9:45-10:10
Economic Overview
Hamish McRae - Journalist & Economic
Commentator
10:10-10.35
Property Market Review & Outlook
James Thornton - Mayfair Capital
10:40-11:00
Break
11:00-11:15
Key Property Market Investment Themes
Frances Ketteringham - Mayfair Capital
11:15-11:40
Growth of Technology & Digital
Media in UK
Juliette Morgan - Cushman & Wakefield
(Head of Property at Tech City UK)
11:45-12:10
The Future of the Work Place
Philip Ross - Cordless Group
12:10-12:20
Mayfair Capital’s response to these
Investment Themes
Simon Martindale - Mayfair Capital
12:20-12:30
Q&A and Chairman’s Summary
12:30-1:30
Lunch
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Biographies
Stephen Musgrave, Chairman of Mayfair Capital
Stephen was appointed as Non-Executive Chairman of Mayfair Capital Investment
Management in March 2011. Stephen has held a number of top level roles in the
commercial property world during his successful career, most recently as Managing
Director of Hines UK (2006 - 2010). Prior to this he was Chief Executive of Grosvenor, UK &
Ireland (1995 - 2006); Joint Managing Director of Randsworth / London Capital Holdings
PLC (1987 - 1994); and at Stockley PLC (1984 - 1987). Since the autumn of 2010 Stephen
has been working with a number of companies and organisations including NativeLand,
The Royal Academy and The Prince’s Regeneration Trust.
Jack Sidders, Estates Gazette
Jack joined leading commercial property magazine Estates Gazette in 2012 as a Senior
Reporter covering the City of London market. He has since held various roles at EG
including as City Editor and Finance Editor before being appointed as News Editor in the
summer of 2014. Jack’s work has won several awards including the 2014 Business and
Finance Journalist of the Year and Multimedia Journalist of the Year categories at the
International Building Press Awards. Jack began his career in journalism in Shanghai,
China, where he worked for a monthly lifestyle magazine before joining the Gulf Daily
News in Bahrain as a reporter. His career in UK trade journalism has included stints
covering a broad range of topics from Horticulture to Construction.
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Steven Norris, Political and Property Commentator
Steve was a Conservative MP for Oxford East and then Epping Forest from 1983 to 1997.
He was Parliamentary Private Secretary in the Departments of Environment, Trade &
Industry and the Home Office and in 1992 was appointed Minister for Transport with a
special responsibility for all London transport. After retiring from Parliament he was twice
his party’s candidate for Mayor of London outperforming the national party substantially
on both occasions. He is a former Vice-Chairman of the Conservative Party. Steve has
combined a career in politics with a business career in the fields of property,
infrastructure and transportation. He is currently Chairman of BNP Paribas Real Estate UK
and of Soho Estates. He is also Chairman of Virtus Data Centres. He is a Non-Executive
Director of Excel the Abu Dhabi National Exhibition Company conference centre in East
London. He has been a member of the Boards of both Transport for London and the
London Development Agency and recently served on the Treasury’s Growth Task Force for
HS2. He is a Fellow of the Royal Institution of Chartered Surveyors.
Kim Winser OBE, Entrepreneur
Kim Winser is recognised as one of the UK’s most internationally renowned and
inspirational business women. She was appointed as Marks & Spencer’s first female
Divisional Board Director. This followed her successful and substantial development of
the women’s division, growing market share from 11% to 18% during the 1990s. Kim
went on to successfully deliver turnarounds as CEO for the iconic British heritage brands
Pringle of Scotland (2000-2006) and Aquascutum (2006-2009). Kim has also held roles at
The Robertson Trust, Agent Provocateur, Net-a-Porter and The Natural History Museum.
In 2013 she launched her own business using a new digital business model providing
direct supply via e-commerce, with limited pop-up shops. Luxury quality with a styling
service, at affordable prices. Kim supports various charities including working with HRH
Prince Charles with The Prince’s Trust, The Good Work Commission for the government,
Central Saint Martin’s and Heriot-Watt University. Kim was awarded a Doctorate by
Heriot-Watt University in 2002 for her work in the British textile industry and an OBE for
her services to the British fashion industry in 2006.
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John Ayton MBE, Entrepreneur
John is an established player in the world of luxury goods, having founded Links of London
with his wife, jewellery designer Annoushka Ducas MBE, in 1990 and built it to sales of
over £50 million before selling the Company to Follie Folli SA in late 2006. The following
year John backed the English brothers as the seed investor in Bremont Watch Company
where he remains the Chairman. Only last month Bremont was named Official Timing
Partner of the Americas Cup and Team Oracle. In 2009 John and his wife founded
Annoushka the fine jewellery brand. John is a significant shareholder and board advisor to
Shoreditch Grind, Orlebar Brown and Mr Hare. He chairs the Cass Sculpture Foundation
which commissions new work from emerging and established artists. He founded, and
until last year, chaired Walpole Brands of Tomorrow which mentors young British luxury
brands. He lives in West Sussex with his wife and four children.
Mark Garnier, MP and Member of the Treasury Select Committee
Mark was elected to Parliament for Wyre Forest in May 2010 and is a member of the
Treasury Select Committee and sat on the Parliamentary Commission on Banking
Standards. He is actively involved in several All Party Parliamentary Groups including
being the Chairman of the APPG for Heritage Rail, the newly formed APPG for the
Carpet Industry and the APPG for the Economy of the West Midlands. Mark’s
experience before politics was in finance and business. He built a career in the City of
London, specialising in emerging global markets, before leaving the investment banking
world in set up his own businesses in investment management. More recently, Mark
has worked as a business consultant, helping SMEs with strategic planning. Outside
politics, Mark is a governor of Kidderminster College – a role he has held since 2005 –
as well as sitting on the Court of the Worshipful Company of Coachmakers and Coach
Harness Makers of London (a City Livery company whose primary function is the pursuit
of excellence in the automotive and aviation industries through charitable bursaries).
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Hamish McRae, Journalist & Economic Commentator
Hamish McRae is one of Europe's foremost speakers on global future trends in economics,
business and society. He is Associate Editor of The Independent Newspaper in London and
Principal Economic Commentator for The Independent and The Independent on Sunday
and a columnist for the London Evening Standard. He is the author of the acclaimed work
on the future, The World in 2020: Power, Culture and Prosperity. Following its publication
he became a sought-after speaker on trends in the economy, technology and business. As
a speaker, Hamish is in demand around the world for his lucid insights into the forces such
as technology, demography, globalisation, natural resources, and government policies
that shape the economy and influence business strategy. He is an Adjunct Professor at
Trinity College, Dublin, and a Governor of the National Institute for Economic and Social
Research. As an economic journalist, Hamish McRae was editor of Euromoney and
financial editor of The Guardian before moving to The Independent. Amongst his awards
is the Business and Finance Journalist of the Year in 2006.
James Thornton, CEO Mayfair Capital
James co-founded Mayfair Capital in 2002 and became Chief Executive in April 2014. He
is Fund Director for Mayfair Capital’s flagship Fund the ‘Property Income Trust for
Charities’, and for two other Mayfair Capital Funds. James has over 30 years’ experience
in UK commercial property. He spent the first 15 years of his career at Jones Lang
Wootton, 11 of which were in its investment management division, JLW Fund
Management. In 1996 James joined Savills where he was appointed Director of Fund
Management. James is FCA authorised and is a member of the RICS and the Investment
Property Forum. He is a Committee Member of the Charity Investors’ Group which is
committed to education for charity trustees and their advisers. James was also elected
to the Holders Advisory Committee of WELPUT in October 2014.
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Frances Ketteringham, Director Mayfair Capital
Frances joined Mayfair Capital as Head of Research and Investment Strategy in September
2013. Her main area of responsibility is using economic and property market trend analysis
to help shape the investment strategies for each of the Funds managed by Mayfair Capital.
She is a member of the investment committee. Frances has worked in commercial property
for nine years, beginning her career at EGi. More recently, Frances spent six years working in
the EMEA research team at Jones Lang LaSalle, initially as an analyst in the offices team and
subsequently as an Associate Director, specialising in capital markets research. Frances
completed her degree at the University of Warwick and holds her Investment Management
Certificate (IMC).
Juliette Morgan, Head of Property at Tech City UK, (Cushman & Wakefield)
Juliette is a Partner within the Cushman & Wakefield's London Markets team and Head of
Property at Tech City. Juliette led the Cushman & Wakefield strategic partnership with Spire
Ventures to found Europe's first property tech accelerator, targeting the growth of property
tech start-ups. She is also on the leadership group for Cushman and Wakefield’s global tech
group. Juliette is an urban tech specialist with more than 12 years international experience
in developing and managing property for tech and bio tech companies. Juliette has worked
on millions of square feet under development and management in tech centres in the US
and UK and advises investors, developers, occupiers and the government on property
strategy.
Philip Ross, Futurist & CEO Cordless Group
Philip is also founder and CEO of UnGroup. He is a speaker, author and advisor on the future
of work. With a focus on people and behaviours, he specialises in predicting the impact of
emerging technology on the way we work, shop, consume leisure and live. Philip has spoken
at conferences around the world including the Wall Street Journal Europe CEO Forum. In
1994 Philip founded his business and wrote and published The Cordless Office Report. He
has written a number of books on the future of work and regularly gives keynote
presentations and runs thinktanks and workshops for organisations in the process of change.
Philip focuses on the collision between emerging technology and real estate, predicting how
it will change patterns of behaviour and how we work, shop and consume leisure.
Simon Martindale, Fund Manager Mayfair Capital
Simon joined Mayfair Capital in January 2012 to work closely with James Thornton primarily
on the Property Income Trust for Charities, but also MC Property Growth Fund
No.2 and Mayfair Capital Residential 1. His role includes the sourcing and analysis of new
acquisitions, investor reporting, fund analysis and the marketing of the individual funds.
Simon has over 10 years commercial and residential property experience and prior to
Mayfair Capital worked at DTZ and Edward Symmons. Simon was elected a Member of the
RICS in 2007 and prior to this completed his studies at the University of Newcastle upon
Tyne and London South Bank University. Simon is FCA authorised as CF 30.
About Mayfair Capital Investment Management
Mayfair Capital Investment Management is an independent, UK real estate investment management
business, owned by a senior team with unrivalled experience and expertise, which is committed to
providing a personal service and to building long-term and trusted relationships with professional
investors.
We manage over £752m of property assets on behalf of over 700 clients, including professional
investors, charities and institutions. Co-investment by the management team and performance
incentives ensures alignment of interest with our investors. We are FCA Regulated & AIFMD approved
and have environmental and ethical sensitivity in the management of our business and funds.
For further information please visit: http://www.mayfaircapital.co.uk
Or contact: Victoria Conrath at Mayfair Capital, E: [email protected], T: 020 7291 6667
Seminar Venue
The Burdett Suite
The King’s Fund
11-13 Cavendish Square
London W1G 0AN
www.kingsfund.org.uk
Nearest tube:
Oxford Circus or Bond Street
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