zaggora llp - uk real estate investment advisors
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A Summary of Zaggora LLP, a UK based real estate investment partnership.TRANSCRIPT
“ h b i l i “the best time to plant a tree is 20 years ago,the second best time is now”
-African proverb
London
Chris HancockNo. 1 Grosvenor Crescent | London | SW1X 7EFT: +44 (0) 203 170 7020F: +44 (0) 203 170 7021
Dubai
Armel van ErckPO Box 211 210 | Dubai | United Arab EmiratesT: +971 442 17 866F: +971 442 17 885F: +44 (0) 203 170 7021
www.zaggora.comF: +971 442 17 885
Zaggora LLP
• Zaggora LLP is a private real estate investment partnership focusedon acquiring direct commercial property assets and real estatebacked businesses in the UK and Europe on behalf of privatebacked businesses in the UK and Europe on behalf of privateinvestors.
• The partners of Zaggora have a wealth of successful experience inacquiring, financing and managing commercial real estate assets and
i i th UK d E k t ith bi d £5b fcompanies in the UK and European markets with a combined £5bn ofdeal experience.
• Together they have over a 100 years experience in advising highprofile companies, individuals and governments on their real estateportfolios having worked at Knight Frank, Nationwide, Allied IrishBank, Cushman & Wakefield, Savills, The Ability Group, JP Morgan,Rotch Property Group, RBS, Fortis Bank & SMPA.
• Individual real estate investment strategies are tailored to meet• Individual real estate investment strategies are tailored to meetspecific investor objectives, be it for annual income, capital growth orarbitrage. Zaggora tailors these strategies for investors and thenexecutes on their behalf.
Z i b d i E h Middl E d A i d
Zaggora LLPNo.1 Grosvenor Crescent | London | SW1X 7EF
T: +44 (0) 203 170 7020• Zaggora investors are based in Europe, the Middle East and Asia and
are family offices, individuals and institutions.
( ) 2 2F: +44 (0) 203 170 7021
www.zaggora.com
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Market sectors
Logistics Retail Office
Zaggora is focusing on opportunities in these sectors to deliver annual cash yields and total return for investors over 5‐10 years
HotelsHealthcare Residential
and total return for investors over 5 10 years.
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Zaggora partnership model
Investment Company
Individual investment companies are created for eachinvestment according to each opportunity and strategy asdefined and agreed between Zaggora and the investor(s).
Delivery
Each investor benefits from the expertise and experience of the asset manager who each specialise on their core skill set.
Manager
The investment company will have a closed end and adetermined investment horizon as defined in advance of theinvestment.
Manager
Investment Company Delivery
£50-500mn
Manager
Zaggora originates real estate investment opportunities in the market thatmatch the criteria of the investment company. Zaggora monitors the asset duediligence performed by the legal team and works to finance the purchase withsenior lenders. The investment company executes the purchase. Zaggora thenmanages the asset to add value where ever possible over the designated timehorizon at the asset level At disposal Zaggora solicits on behalf of the fund the
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horizon at the asset level. At disposal, Zaggora solicits on behalf of the fund thebest offer for the asset and oversees the disposition process.
Partners’ track record in sales, acquisitions and management prior to Zaggora
Acquisition of top two floors of the Adelphi for Cookson Group plc
Acquisition of Shell Mex House onthe embankment for £365mn, lease
ith P Pl d l
Sale of the Home Office building atApollo & Lunar House, Croydon
Liability unwind of five British Railproperties in Manchester, Liverpool,
Letting of 100,000 square feet to OracleCorporation plc at Bracknell
re‐gear with Pearson Plc and salefor £500mn
p , yCrewe, Croydon and Derby
p p
Acquisition of Hilton Liverpool, a G E t t d l t
Sale & leaseback of the WestLbWoolgate Exchange for £280mn
Letting of 14,000 sqm to BSB and QVCand sale of Marco Polo House at Development of Priory Meadow shoppingGrosvenor Estates development,
for £55,5mn
Sale and leaseback for ITN of their headquarters building on Gray’s Inn Road.
Woolgate Exchange for £280mn and sale of Marco Polo House atBattersea, London
Development of Priory Meadow shoppingcentre for Boots
Acquisition of theCambridge GardenHouse hotel fromGoldman Sachs for
Acquisition of Carillon building in
Development and sale of 120residential units on Baker Streetfor £100mn for Ability Group
Acquisition of seven shopping centres in
Goldman Sachs for£40mn and a full re‐branding to theDoubletree Hiltonbrand
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q gParis La Defense for € 97 million Germany with €100mn credit line from Hypo
Real Estate Bank.
Partners’ track record in financing, prior to Zaggora
January 2007
€ 90,000,000
November 2007
£148,000,000
November 2007
£20,250,000
November 2006
€100,000,000
November 2007
£25,500,000
July 2007
£49,500,000
August 2007
£10,000,000
Infrastructure acquisition Bavaria, Germany
Acquisition & Development finance package
Acquisition & Development of UK Hilton Hotel
Acquisition Warehouse‐line for German retail assets
Acquisition finance for UK hotel
Acquisition finance packagefor UK Hilton hotel
Acquisition of UK Hotel
October 2003 November 2007 December 2008November 2008 July 2008 November 2007September 2003
May 2005
€18,500,000
Acquisition & Development of office property in Paris
€43,000,000
Acquisition & Development of hotel in Sicily, Italy
£28,500,000
Development facility for UK Hilton hotel
£50,500,000
Maturity of facility on central London residential asset
£250,500,000
Basis swap over UK financial assets
£40,000,000
Development of a UK Hilton
€ 97,000,000
Acquisition of officeProperty in Paris, France
January 2009
$ 50,000,000
November 2007
£25,000,000
August 2007
£10,000,000
November 2006
€12,000,000
January 2009
£28,500,000
July 2008
£110,000,000
November 2008
July 2007
Re‐finance of office property in Moscow
Acquisition & Development of property UK
Acquisition & Development of UK Hilton Hotel
Acquisition of shopping centre Development facility for UK office and hotel
Basis swap against financial assets UK Mandate UK investment
programme
January 2005 August 2007 September 2007 March 2009 November 2007 October 2007 December 2006
July 2007
January 2005
€ 10,000,000
Facility against retail asset
August 2007
£55,500,000
Acquisition of UK Hilton hotel from Grosvenor
September 2007
$40,000,000
Acquisition of Gulfstream G450
March 2009
£100,000,000
Sale of Abbey House, Baker Street, London
November 2007
£25,500,000
Acquisition of UK Hilton hotel
October 2007
€19,500,000
Acquisition of European retail portfolio
December 2006
£60,000,000
Acquisition & Development finance package
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from Grosvenor Street, ondon portfolio finance package
Management Team
Malcolm Bell,Managing Partner
Malcolm has been buying and managing commercial property since he worked with Robert and VincentTchenguiz at the Rotch Property Group which was then the largest private property company in the UK.The Group had over £4bn of assets spread across £1.5bn of public sector property leased to local
Malcolm joined The Ability Group in 2006 as Head of Investments, Capital Markets and Treasury. Thegroup, led by principal Andreas Panayiotou, had built a 1,000 strong development team over 15 yearswas a principal investor into residential property. The group had developed over £1bn of assets
http://uk.linkedin.com/in/malcolmbellzaggora
authorities, councils and central government and £3.5 bn leased to corporates such as Tesco, BT, Hiltonand Shell. Malcolm’s role was to promote the group, introducing opportunities and then modellingcash flows and developing acquisition structures. Specific deals included the Hilton Hotel in Paris and a10 Hilton portfolio in the UK which the group acquired with Farnsworth.
Malcolm worked with Paris based asset management firm Inovalis which acquired over €300mn ofcommercial property in France and Germany varying from €18,5mn residential buildings to a
i l ffi b ildi i L D f f €97 Th i t t d b hi h t
across some 6,000 residential units in Central London as well as over 1 million square feet in‐build ofnew property, all pre‐sold off‐plan. The Group now wanted to invest into commercial property assetclasses such as hotels, offices, retail and industrial property across Europe.
Malcolm was responsible for the day‐to‐day operations of the investment team in acquiring,managing, financing and developing commercial investments. He worked closely with the originationteam sourcing investment opportunities, advising on acquisitions and being responsible for theirfi i d ti Si 2006 th G i d €500 f i l t tcommercial office building in La Defense for €97mn. These investments were sponsored by high net
worth Gulf investors and the fund performed exceptionally well with investors achieving above 35% netIRR over 4 years.
In 2002, Malcolm created a Russian company called OAO Ukolm with Yuri Tereschenko. The companyassisted in the development of a property in central Moscow from industrial to commercial use. Theproperty now has over 55,000 square metres and an annual cash flow of $25 million and was recentlyvalued at $280mn The rent roll began at $4mn and the property was valued at $35m This
financing and execution. Since 2006, the Group acquired over €500mn of commercial property assets.In the UK, Malcolm successfully acquired £300mn of Hilton hotels as well as selling £250mn ofresidential property. Hotel asset purchases included the Hilton Liverpool from Grosvenor Estates, theCambridge Garden House from Goldman Sachs, Dunblane Hydro from Starwood Capital as well as twonew developments in Syon Park, West London and at Luton Airport.
In Europe, Malcolm acquired seven shopping centres in Germany with a €100 mn financing line fromHypo Real Estate In Italy the Group acquired the € 62 5mn 200 acre Club Med estate in Kamarinavalued at $280mn. The rent roll began at $4mn and the property was valued at $35m. This
development was on behalf of a local company GPZ‐2 which owned the property and Ukolm advised onthe commercial leases to tenants such as Alfa Insurance, KMB Bank, Firmeniche, Samsung, Leroy‐Merlinand Sylvanski Bank which were sourced through Ukolm appointed Cushman and Wakefield. Ukolm alsoadvised and discussed the financing of the project with a collection of Russian banks and DeutscheBank based in London.
In 2005 Malcolm began working with Vincent Tchenquiz again at the Consensus Business Group with
Hypo Real Estate. In Italy, the Group acquired the € 62,5mn 200 acre Club Med estate in Kamarina,Sicily. Malcolm created the Luxembourg based tax structure for Ability’s investments by working withAtoz and BDO Chilterns. Malcolm also monitored the treasury functions of the Group such asevaluating investments into structured products as well as cash management, working with Ability’sin‐house financial controllers.
Malcolm has worked with all of the partners of Zaggora over the last few years. Malcolm studied BSc(Hons) Economic History at the London School of Economics where his thoughts on internationalIn 2005 Malcolm began working with Vincent Tchenquiz again at the Consensus Business Group with
the responsibility of developing a direct infrastructure investment programme into fixed assets inEurope. Malcolm worked to find projects and structure the financing, managing a team of 10 andworking closely with the finance team at CBG. This involved designing acquisition structures, modellingcash flows, overseeing legal and working with equity partners and mezzanine providers to develop a€500mn investment programme.
(Hons) Economic History at the London School of Economics where his thoughts on internationaleconomy were published in the Wall Street Journal, Financial Times and Herald Tribune. He alsocreated the Russian Business Society which is now one of the largest student societies at the LSE with800 members.
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T: +44 (0) 203 170 7020 No. 1 Grosvenor CrescentF: +44 (0) 203 170 7021 London SW1X 7EF
Management Team
Chris Hancock, Senior Partner
Chris Hancock is a Senior Partner of Zaggora and an expert in the corporate finance and wealth He developed an expertise in the needs of family businesses and entrepreneurs and
http://uk.linkedin.com/in/cmjhancock
Chris Hancock is a Senior Partner of Zaggora and an expert in the corporate finance and wealthmanagement needs of wealthy individuals and institutional investors. Chris works on activeinvestment propositions, deal structuring and due diligence. He oversees the tax, accounting andlegal affairs of each of the investment structures within the Zaggora portfolio.
Chris spent 10 years with JPMorgan including two years at JPMorgan Cazenove where he wasresponsible for the delivery of investment banking services to families and private individualsresident in the UK It was in 2008 that Chris and Malcolm met when Malcolm was Head of
He developed an expertise in the needs of family businesses and entrepreneurs andestablished a team to help service private businesses with the resources ofJPMorgan.
Chris’s work involved co‐ordinating credit, estate planning, asset allocation andinvestment banking. During this time he led JP Morgan’s Family Business Honoursprogramme in the UK from 2004‐2008 and was a member of the Advisory Council ofthe Institute for Family Businessresident in the UK. It was in 2008 that Chris and Malcolm met when Malcolm was Head of
Investments at The Ability Group. Ability instructed JP Morgan Cazenove to assist in developing a£500ml equity fund to accelerate and scale their investment strategies at the time.
Chris is a qualified Chartered Accountant and spent 5 years with Arthur Andersen before enteringinvestment banking. At Arthur Andersen he spent 4 years as a hotels specialist in the Hospitality andLeisure team. Amongst his work in the sector he ran annual audits of hotels and led the vendor duediligence for the Copthorne Hotel group on its sale by Aer Lingus
the Institute for Family Business.
Since leaving JPMorgan at the end of 2008 Chris has established his own corporatefinance boutique, Cleaver Consulting, focussed on providing advice on M&A andfinancing to entrepreneurs. Chris began working with Malcolm Bell and Zaggora inApril 2009 when they established the partnership together.
Chris read classics at Oxford University he is married with three children a keendiligence for the Copthorne Hotel group on its sale by Aer Lingus.
On promotion to Manager he ran special projects including the first ever consolidation of INA, thestate oil company of Croatia. He also lead the initial due diligence on Canary Wharf on its acquisitionby a syndicate lead by Paul Reichmann from the UK receivers of Olympia and York.
He joined the UK M&A team of Baring Brothers in 1995 being promoted to Manager and thenAssistant Director in consecutive years At Barings he worked on a series of public offers and
Chris read classics at Oxford University, he is married with three children, a keensailor and licensed as an Occasional Preacher in the Church of England.
E: [email protected]: +44 (0) 203 170 7024 No. 1 Grosvenor CrescentF: +44 (0) 203 170 7021 London SW1X 7EF
Assistant Director in consecutive years. At Barings he worked on a series of public offers anddefences and developed a specialism in advising investment trusts developing innovative buy‐backstructures to reduce the discount to NAV.
Chris joined the TMT team of JPMorgan in 1999 being promoted to Vice President and Head ofEuropean Media in 2000. Following the investment banking slump of 2002, Chris began workingwith JPMorgan’s Asset Management division to provide investment banking services to the clientsand contacts of the Private Bank
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and contacts of the Private Bank.
Management Team
Khurshid Faizullaev Partner
Khurshid, also known as ‘K’, joined Zaggora as a Partner in 2010 and is Head of Asset Management,overseeing the daily operations of all of the assets within the portfolio whether they be real estateor asset‐backed businesses.
H i l k d H d f A t M t t th Abilit G b t 2006 d 2009
K oversaw the re‐branding of some of the hotel assets to Hilton, including Cambridge and Dunblaneas well as managing the transition. His responsibilities ranged from budgeting, identifying targets andrevenue improvement plans for each investment and delivering them, managing the accountingpractices through financial controlling, creating and implementing HR policies to managing the senior
t d ti d k ti f t di t
http://uk.linkedin.com/pub/khurshid‐faizullaev/18/492/713
He previously worked as Head of Asset Management at the Ability Group between 2006 and 2009where he was responsible for managing and operating all properties and investments within theportfolio of the Group. K managed a team of 1,000 people who worked for Ability ownedcompanies in hotels, real estate management and development. K was also Chief of Staff on behalfof Chairman Andreas Panayiotou responsible for the Ability management team and the executiveoffice.
A t t i l d d i ht f i t t i t lti l t t il h i t i
management and operations and marketing of trading assets.
Before each asset was acquired, K undertook extensive asset and commercial due diligencedeveloping comprehensive business plans and asset management programmes for each, setting outthe key targets to be achieved during the investment holding period. He was also responsible for day‐to‐day management of Ability development projects, overseeing the project management, costcontrols and co‐ordination of design and build, fit‐out as well as managing professional advisers such
hit t t t d l i d iAsset management included oversight of investments into multi‐let retail shopping centres inseveral major cities in continental Europe, UK and European hotels as well as commercial officeand 1,000 residential property units in Central London. Ability was established by principalAndreas Panayiotou who had developed a £1bn portfolio of residential assets since 1992.
Between 2006 and 2009, Ability acquired €500ml of commercial assets, as part of strategic plandevised to orientate the Group away from its concentration in residential assets. K was an integral
t i th 6 th t t d l t ll th l i f i t t t h
as architects, contractors and planning advisers.
Before joining Ability, K was a Director of Spenview Capital Ltd, a company established by Malcolmand himself to acquire and manage real estate and asset‐backed business investments on behalf ofprivate investors from the Gulf. Spenview acquired assets in France and Germany and advised onfinancing £500ml of acquisitions in the UK. The company also oversaw the development of an officeproperty in central Moscow of some 80,000 sqm in partnership with OOO Ukolm.
part in the 6 month strategy development as well as the analysis of new investment sectors suchas hotels, retail shopping centres and offices. The focus was to acquire under‐valued, yieldingassets where performance could be boosted through intensive asset management.
K joined Ability with Malcolm who he had met at the London School of Economics where theystudied together. They worked together at Ability to acquire the assets, undertaking due diligenceand asset managing after completion. K ensured that the investment income performed to its fullcapability to deliver the highest returns possible against equity invested
Originally from Uzbekistan, K attended the London School of Economics and Political Science andobtained a Law LLB (Hons) Degree. He was elected as Head of Communications by his peers at the LSEto run the students union, a year after his graduation with honours. Following that, he completed aMasters degree in Politics, Security and Integration at University College London with a distinction.
During his studies and after graduation, K worked in Parliament in Westminster as ParliamentaryAssistant to a Member of the UK Government He is also a winner of various awards from hiscapability to deliver the highest returns possible against equity invested.
To this extent, income from hotel investments increased by a compound rate annual rate of 20%between 2007 and 2009, in what was the most challenging market environment in recent memory.Specifically, K managed hotel investments including the €62,5ml Club Med Kamarina in Sicily, the£60ml Hilton Liverpool, the £40ml Cambridge Garden House, the £40ml Dunblane Doubletree byHilton, the Hilton Garden Inn development at Luton Airport as well as the development of theWaldorf Syon Park
Assistant to a Member of the UK Government. He is also a winner of various awards from hisUniversities and previous workplaces. He plays the piano, chess and speaks Uzbek, Russian, Frenchand English fluently.
E: [email protected]: +44 (0)203 170 7023 No. 1 Grosvenor CrescentF: +44 (0) 203 170 7021 London SW1X 7EF
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Waldorf Syon Park.
Management Team
A l V E kArmel Van Erck, Partner, Investor Relations
A l i B l i b ti lit d b i N Y k H t hi l idi i He has also established relationships between the bank and large Gulf based
http://ae.linkedin.com/pub/armel‐van‐erck/14/720/535
Armel is Belgian by nationality and was born in New York. He spent his early years residing inFrankfurt, London and Paris. He was educated in the UK and is comfortable in a wide range ofinternational banking environments.
From 2005, he has been based in Dubai, the United Arab Emirates, from where he has created anextensive and rapidly expanding network of high net worth private clients and institutions, in theGulf Cooperation Council countries and Iran.
He has also established relationships between the bank and large Gulf‐basedinstitutions, providing their treasuries with an appropriately targeted range ofalternative investments, managing assets in excess of USD35mio.
Armel obtained a BA(Hons) in Politics and International Relations from Richmond, theAmerican International University in London and read Law (CPE) at the University ofWestminster. In 1996, he led a humanitarian mission in Gabon, where he was involvedin the charitable restoration of schools and educational facilities During his
With Zurich International Life, and Nexus, the largest insurance broker in the Middle‐East, hedeveloped a portfolio of over 120 clients and serviced the complex insurance requirements ofwealthy individuals, families and corporate institutions over several years.
As an insurance broker, he advised individuals in investment portfolio management, wealthpreservation and the consolidation of families’ capital. With institutions, he advised on medicalinsurance and group life policies acting for the Gulf offices of international and local companies in
in the charitable restoration of schools and educational facilities. During hisundergraduate studies he led an academic politics research program in Sichuan, China.
Armel is an experienced sailor and has participated in several competitions, achievingpodium positions in the J22 Middle‐East Championship and the Gulf Bénéteau Cup. Heis also a First XV front‐row player at the Dubai Frogs Rugby Club, in the first division ofthe Emirates League.
insurance and group life policies, acting for the Gulf offices of international and local companies inpharmaceuticals, banking, shipping, construction and the petroleum industry.
In 2007, Armel joined the Dubai team of Geneva‐based Union Bancaire Privée, one of the largestSwiss private banks in the world, with assets under management of CHF130bn, and the largestglobal investor in hedge funds ‐ with upwards of USD45bn of client assets managed in thatparticular investment class.
Besides English, Armel is fluent in French and Farsi.
E: [email protected]: +971 (0)505045338 PO Box 211 210F: +971 (0)44217866 Dubai, United Arab Emirates
He advised clients across the Gulf and Iran in hedge funds, funds of funds, equity and fixed incometrading, as well as the establishment of trusts and estate management. In this capacity Armel hascreated relationships with high‐net worth individuals with a particular focus on Iran, where thewealth management demands of private banking clients are very specific and challenging.
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Management Team
Steven Faull, [email protected]
Steven is a qualified Chartered Surveyor, Fellow of the Royal Institution of Chartered Surveyors At Donaldsons, he personally negotiated record rental levels for owners in eight(FRICS) and has a Master of Arts Degree from the University of Cambridge in Economics and LandEconomy.
Most recently he was Property Director of Consensus Business Group, owned by VincentTchenguiz. As Head of the Interactive Property Management team of first Rotch Property Groupand subsequently CBG, he was responsible for pro‐actively asset managing a portfolio worth over£4billion.
separate transactions.
Responsibilities extended to include all marketing, letting, sales and developmentconsultancy matters for new office buildings in London and the South‐East of England.
He has a wealth of experience in the entire spectrum of commercial property delivery,from initial acquisition to maximising asset management opportunities in order to
Significant transactions included the acquisition of the largest single office investment in the UK,the renegotiation of the lease of the principal tenant followed by the successful onward sale torealise a substantial profit. Other deals included, the sale of two properties occupied by the BritishHome Office and the liability unwind of another major government portfolio.
Previously, he was Head of Real Estate Consulting at Johnson Controls, a major international
achieve optimum value and profitability.
E: [email protected]: +44(0) 203 170 7020 No. 1 Grosvenor CrescentF: +44(0) 203 170 7021 London SW1X 7EF
facilities management organisation, where he advised British Government bodies and majorcorporate on all aspects of their commercial property strategy and holdings.
Steven began his professional property career at Debenham, Tewson and Chinnocks (now DTZ).He was subsequently head‐hunted by Donaldsons, a major firm of Chartered Surveyors andProperty Consultants, to set up and run their new London office agency department, whichadvised developers, investors and leading companies. He was promoted to Partner in 1987.
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Management Team
Andre GhorchianProperty Investment
Andrew Shakel MRICSAsset Management, Retail
Christopher Jones MRICSAsset Management, Office
Andre is a highly dynamic, and active property investmentmarket agent with 10 years in depth experience in capitalmarkets, advising cross section of private and institutionalinvestors on disposals and acquisitions. Transactionscompleted to date exceed £500mn in UK and Europe.
Highly skilled property specialist with over 25 years in depthexperience , driving and delivering successful solutions inretail development, leasing and investment markets, atstrategic and transactional levels; including mixed useschemes and over 400 000 sq m of shopping centres.
Chris is a well established property professional with extensiveexperience in most sectors of the property industry, havingspecialist skills in commercial investment, valuation and landlordand tenant matters.
Prior to founding Jones Shackel Oldham in May 2009 he had beenAfter graduating from the School of Surveying in 1996,Andre became a valuer working on statutory valuations for aLocal Authority in London. In 2003, he joined SMPA as aninvestment agent and quickly became an associate directorresponsible for acquiring and managing commercial assetsfor institutions, private property companies and high networth individuals.
His career has spanned extended periods with HillierParker(now CBRE) Jones Lang Wootton (now JLL) and morerecently, at director level, with niche practices of KenethPeters; Sanderson Weatherall and SMPA. He has nowestablished a new advisory practice; Jones Shackel Oldham,Chartered Surveyors. His clients comprise an extensive rangeof developers investors property companies and occupiers
g ya consultant to Smith Melzack Pepper Angliss since the beginningon 2000, acting for institutions, property companies and primaryand secondary lenders, as well as being a partner of Lewis Doyle,primarily a valuation practice concentrating on Central Londoncommercial and residential property.
His career began in 1976 as a graduate surveyor with the Property
Andre has specialised in the UK and the South East, with anexcellent knowledge of the retail and office markets inparticular. He has acquired and sold all asset classes forclients as well as across markets and with different lot sizesfrom £2 million to £120 million.
of developers, investors, property companies and occupiers,which amongst, others include:
Norwich Union (Aviva) Friends ProvidentGrosvenor Developments Burton Property TrustBoots Properties London Transport PropertyWestfield British WaterwaysDefra Enterprise Inns
g g y p yServices Agency in Manchester, before qualifying as a charteredsurveyor in 1979 when working in the investment team at JonesLang Wootton. He then joined Hillier Parker May and Rowden in1980 in the principal roll of advising the Commission for the NewTowns and the City of Bristol in the disposal of their propertyassets, before joining the niche practice of Thomas Deal andPartners in 1985 as their investment partner. Since 1987 he has
He has a broad network of contacts with agencies, principalinvestors, valuers, auctioneers and surveyors across the UK.He also has experience in structuring investments forinvestors and has built a property fund vehicle for retailinvestors focusing on the UK office market with the aim ofachieving long term growth.
Defra Enterprise InnsWaitrose Musto
pbeen the property executive to a public company, run asuccessful private property company and in 1995 was appointedby Royal Sun Alliance as general manager of Barnard MarcusAuctions to report on the viability of the then loss makingbusiness and return it to profit, which was achieved within oneyear. Before becoming a consultant to SMPA and a partner ofLewis Doyle he acted for a select number of private clients withy pproperty holdings, advising on sales, acquisitions and assetmanagement of mixed portfolios of commercial and residentialproperties.
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Management Team
Justin Oldham, Property Investment
A highly skilled real estate capital markets specialist with extensive experience of commercialproperty investment and development projects on a nationwide basis and a specialised and detailedknowledge of the City of London office market.
Marcus Nurse, Financing
Marcus is the co‐founder of Square Mile Commercial Finance Ltd an independent financebrokerage. Beginning his career in financial services some 15 years ago with Nationwide,the graduate programme provided an excellent grounding in the numerous areas makingknowledge of the City of London office market.
Justin has previously worked at Cushman & Wakefield where he was headhunted to join its globalreal estate advisory practice as a senior member of their City of London Capital Markets team.
His overall role was to provide first class strategic and transactional real estate advice to a diverserange of international clients on the City of London real estate capital markets. Previously heworked at Knight Frank as an associate partner in the City office team working on disposals. Justin
up the portfolio of services offered by the world’s largest building society.
Experience and knowledge was gained in retail banking, corporate and commercialfinance and treasury. In 1997 Marcus joined John Charcol, a private financial servicesbrokerage with an entrepreneurial spirit. The role involved advising clients on a widevariety of regulated investment, pension and savings products as well as mortgages. Itwas during this time, that Marcus began to focus on commercial and specialist financeg p y g p
has excellent contacts at firms including Catalyst Capital, Standard Life, Henderson, Kilmartin,Westbrook, UBS, Scottish Widows, Milton Group, Devonshire Properties, GE Real Estate, LaSalleInvestment Management, Lanebridge Fund Management.
advise.
Savills head‐hunted Marcus in 1999, to set up a bespoke commercial and corporatefinance advisory service, within the private finance division. This work involved workingwith clients from across the numerous departments of the Savills group; such asLeisure/Hotels, Country Homes and Commercial Agency.
In 2002 Marcus co‐founded Square Mile Commercial Funding Ltd, advising and arrangingfinance for the property market, typically arranging debt in the region of c£400m pa.Types of funding arranged include investment, development, mezzanine, equity & jointventure and loan syndication for the larger transactions. Marcus’ work is driven by eachindividual relationship and sectors financed include commercial, residential, office, retail,leisure, industrial and healthcare.
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Professional Advisers
Acquisition LegalAcquisition Legal Corporate LegalCorporate Legal
Tax AccountingTax Accounting Real EstateReal Estate
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Contacts
Malcolm BellManaging Partner
Chris Hancock Khurshid FaizullaevSenior Partner Partner
Armel van ErckPartnerg g
T: +44 (0) 203 170 7020F: +44 (0) 203 170 7021
Senior Partner [email protected] [email protected]
T: +44 (0) 203 170 7024 T: +44 (0) 203 170 7023F: +44 (0) 203 170 7021 F: +44 (0) 203 170 7021
T: +971 (0)505045338F +971 (0)44217866
NoticeThis memorandum was prepared by Zaggora LLP.This document is for information purposes only and should not be construed as a solicitation or offer, or recommendation to acquire or dispose of any investment in real estate assets or securities or any other transaction. Whilst allreasonable efforts have been made to obtain information from sources believed to be reliable, no representations are made that the information or opinions contained in this term sheet are accurate or reliable. Nothing in this documentconstitutes investment, legal, accounting or financial or other advice. Any investment decision should only be made after consultation of professional advisers. Zaggora LLP is not authorised or regulated by the Financial Services Authority
2010
constitutes investment, legal, accounting or financial or other advice. Any investment decision should only be made after consultation of professional advisers. Zaggora LLP is not authorised or regulated by the Financial Services Authorityand does not promote, give investment advice on or make arrangements in financial instruments. This presentation does not constitute an offer to invest.
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