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Your Property: Boom, Bust or Beyond your Means? A Debate on the Future of L...

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Deloitte Real Estate

2 New Street Square

London

EC4A 3PA

United Kingdom

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Are the increasingly competitive and innovative commercial real estate sector, historically low interest rates and an unattractive bond market all combining to nudge the UK away from being an owner-occupied-dominated market?

The private rented sector (PRS) continues to expand with pace in the UK as novel solutions to the UK housing crisis are sought: is long term renting the solution? Will innovations such as modularisation or 3D printing revolutionise construction?

Large-scale PRS has long underpinned many housing markets internationally. Recent research by a range of parties has shown what has long been suspected: the millennial generation, blighted by both stagnating wages and rising house prices, now take decades longer than their parents’ generation to save for a deposit. Are the big hitters in UK PRS poised to offer a swathe of alternatives?

From establishing ground breaking new models, to the conversion of non-residential accommodation into homes, PRS is increasingly being integrated into housing strategy. Private developers, investors, local authorities, housing associations and contractors’ interests appear to be converging in schemes of all varieties and sizes across the capital. Will this spread to the rest of the UK?

How and by whom is this funded? Our panel will discuss the merits of bank finance, equity investment and Government funding schemes, including the Build to Rent Fund, alongside institutional and private equity investment from the UK, Middle East and Far East.

These shifts in market practice have consequences that reach beyond planning and construction: will the letting and management industries keep up as funders seek to extract the most value from an investment?

Speakers:

1) James Murray, Deputy Mayor for Housing and Residential Development

James Murray joined the Mayor's Office in 2016 as Deputy Mayor for Housing and Residential Development, coming from Islington Council, where he held the position of Executive Member for Housing & Development for six years. During James’s time in Islington, the borough was one of the top building local authorities in the country. He oversaw the introduction of planning policies to raise the proportion of affordable homes in new developments, including a new standard for viability assessments.

In the Mayor’s Office, James is focussing on bringing together a broad alliance – including councils, housing associations, developers and businesses – to support plans to build more new and affordable homes in London. He is advising the Mayor on planning policy, particularly helping to develop and implement new approaches to housing. He is overseeing work at City Hall to improve the private rented sector and tackle homelessness, in line with the Mayor’s priorities.

2) Chris Baldwin, Partner, Corporate Finance Real Estate, Deloitte

Chris is a Partner within the Corporate Finance Real Estate team with over 20 years of residential property experience. He leads the House Builder and Residential sector within Deloitte and has responsibility for managing the Residential Valuation Advisory Group.

3) Simon Harding-Roots, Executive Director -Major Projects, Grosvenor Estates

Simon Harding-Roots was appointed to the Grosvenor Britain & Ireland Board in April 2015. He is responsible for leading our major projects for the London estate. Simon joined Grosvenor in 2015 from Imperial College London where he was Chief Operations Officer and a member of the College Board, which has responsibility for the vision and overall strategy of the College.

4) Michelle Hannah, Associate Director, Cast Consultancy

Michelle has worked in the Residential Sector for 14 years. Michelle started her career as a Residential Consultant supporting Housing Associations & Local Authorities with Strategic Needs Assessment and Business & Financial Planning. Michelle previously spent 5 years with EC Harris (latterly Arcadis) as a financial analyst within the Residential business, and went on to head up the Financial Modelling Team that was focused on providing Clients with residential development consultancy advice and support in relation to site acquisition, master planning, planning viability and the raising of equity & debt financing. Michelle is an expert in viability strategy and modelling for mixed use developments including both private and affordable tenures, and has worked for housebuilders, developers, landowners and the public sector (acting as a developer). Michelle has a bespoke approach to viability appraisals which are tailored to clients’ needs which support driving levels of return. Her focus is to enable better decision making on masterplan optimisation through transparent modelling that sets target outcomes for the project team. Over the last few years Michelle’s focused specialism has been the Build to Rent sector where she has worked with developers in creating their business plan to demonstrate to private equity investors the deliverability and operation of the brand.

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Date and Time

Location

Deloitte Real Estate

2 New Street Square

London

EC4A 3PA

United Kingdom

View Map

Refund Policy

Refunds up to 7 days before event

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