In a comprehensive interview with Property Week presenter and BBC London broadcaster James Max, the chief of staff and deputy mayor for planning and policy said he welcomed inward investment from Asian companies such as Greenland, the huge Chinese investor that this week bought the Ram Brewery site in Wandsworth from Minerva.
He added that a huge number of new homes will be built in London as a result of forthcoming changes to the London Plan, which is due to be published next week and promises to double the number of house built across London.
To hear Lister speak about everything from stamp duty to the Shard, subscribe via iTunes or listen below.
Get Living London’s chief executive was interviewed in depth by Property Week Podcast presenter James Max last week, revealing many of the intricacies of running East Village in Stratford, the UK’s biggest new private rented residential scheme.
Property Week’s monthly podcast went inside Nero House, a block that was occupied by Team GB during the Olympic Games last year, to grill Derek Gorman about the challenges of managing 1,439 private rented flats.
In his most candid interview yet, the chief executive of the management company set up by Delancey and Qatari Diar, East Village’s owners, explains the philosophy behind choosing to rent the units out for long lease terms and why they are charging no fees to incoming tenants.
Gorman even tells Max about the landlords’ approach to painting and decorating the flats, and whether or not household pets were allowed.
Green REIT is to focus on Dublin’s improving tech-focused office market, according to its co-founder Pat Gunne, who spoke on Property Week’s monthly podcast after closing €178m of deals in the past fortnight as Green “kicked off the new market”.
Gunne told presenter James Max that he thought Green RETI would have first-mover advantage in picking up deals across Ireland, and has already deployed more than half the equity it raised upon listing in July this year.
He said Irish capital was becoming longer-term as opposed to being dominated by private equity players, and was now looking forwards rather than back.
“There is still a huge amount of deleveraging that needs to take place,” he said, “but September to December is the kick off to the new market”.
Gunne also spoke about the make-up of the portfolios that Green had snapped up, and said he could envisage Green trying to emulate Derwent London’s successful track record in converting outdated London offices into the trendy headquarters buildings of the future.
James Max was also joined by divorcee Susie Boniface, the woman behind the online blog persona Fleet Street Fox, who spoke about social media, poltitics, and the future of the press.
Jones Lang LaSalle UK chief executive Guy Grainger and former Grosvenor chief Stephen Musgrave joined presente James Max in this month’s Property Week podcast.
Grainger spoke about the challenges of running the UK’s second biggest property agency and trying to freshen up JLL’s image, as well as shedding light on some aspects of his family life.
“I’m pretty opinionated, and I don’t mind upsetting people because otherwise I’m not doing my job really,” he told the show.
And in a wide-ranging interview, Musgrave opened up about everything from Gerald Hines and the Duke of Westminster to his involvement in the Royal Academy of the Arts and Lord’s cricket ground.
Find out about the best deal’s of Musgrave’s lifetime, and the ins- and outs of having a “portfolio career” by listening below or subscribing via iTunes.
Those are the words of former Credit Suisse head of investment banking Ian Marcus, who spoke in a wide-ranging interview on the Property Week Podcast to mark the five-year anniversary of Lehman Brothers’ collapse.
Marcus, who was chair of the Bank of England’s Commercial Property Forum at the time, and is now a senior adviser to US bank Wells Fargo, said the industry had an “obligation” to see what lessons could be learnt from the downturn.
He said: “We’ll never get rid of the cyclicality, but hopefully we can avoid some of the excesses by smoothing it.”
Looking back at the culture of over-exuberant lending in the banking crisis, he said that that “there were words of caution and warning signs but it was in a typical low-key British way”.
“It was about being invited for cucumber sandwiches and maybe hinting that things were perhaps moving too fast,” he said.
Brockton Capital co-founder David Marks has spoken of the day he turned down a 99% loan-to-value deal before the market crashed, and the “heroin-like” debt that was fuelling the investment world during the 2006-07 boom.
In a 25-minute conversation at Brockton’s offices (listen below), the second in a series of Property Week Recovery Special podcasts, the former Blackstone investor (pictured) told presenter James Max (pictured, right) about how he was “absolutely staggered” by Lloyds Banking Group’s takeover of HBOS.
Former British Property Federation president Marks, spoke about the crucial differences between investing today in London and investing in the UK’s regions, plus he gave the lowdown on the deals he wishes he had done and those he was glad to miss out on.
He also explained the ins and outs of assembling a portfolio of London pubs in a “fun, profitable transaction” and much more besides.
Recovery Special Podcast: Alistair Darling on dark days at Downing Street and Lehman Brothers’ “unbelievable” collapseNo comments »
Former chancellor of the exchequer Alistair Darling talked to Property Week about the 2007-08 banking crisis, his conversations with US treasury secretary Hank Paulson, and what it was like to be woken up with an “unbelievable” call about the bankruptcy of Lehman Brothers.
In a 25-minute audio interview at Portcullis House (listen below), marking the launch of a Property Week Recovery multimedia extravaganza, the Labour MP told Property Week Podcast presenter James Max about being “within hours of going over the edge” before Royal Bank of Scotland was nationalised in 2008.
Darling reflected in detail on what went wrong with the 2006-07 global property bubble, saying: “There was a collective reluctance to think: what are we trading in? What are these products we’re buying? What are they worth?”
He also spoke about his hopes and fears for today’s economy, expressing worries about the government’s help-to-buy sheme, proposed Scottish independence, and the perils of getting infrastructure spending wrong – specifically High-Speed 2.
Property Week is marking next week’s five-year anniversary of the collapse of Lehman Brothers with a week-long Recovery special at PropertyWeek.com and in Property Week magazine.
We’ll be bringing you exclusive content each day, including interviews with some of the biggest names in the industry, such as Patrick Vaughan, Kevin McCabe and former HBOS property head Nick Robinson; exclusive online features looking at the worst excesses of the boom; a personal recollection of the Lehman collapse from those inside the company; and a digital ebook, A History of Modern Property, charting the last six decades of boom and bust in the sector.
Next Friday’s Property Week includes a 20-page special on the fast-emerging national property recovery, what the next few years have in store for the sector, and an interview with the world’s biggest investor.
Recovery starts here.
In this month’s podcast, James Max interviews managing director of Urbanest, Johnny Mann, and Ken Shuttleworth, founder of Make Architects
Johnny Mann discusses the benefits and challenges of the student accommodation sector, explaining the specific accommodation requirements of students and the importance of social media for meeting them.
Ken Shuttleworth discusses the Davies Commission and its role in settling the airport debate, outlining Make’s proposal for expansion at Stansted airport and assessing the other proposals presented to the Commission. He also talks about how architecture has changed in the last decade and his favourite buildings in London.
Richard Crook, UK head of business development at Savills and Marty McCarthy, chief executive of Valad Europe, joined LBC’s James Max at Savills’s new headquarters following the Property Week “Property Ashes”, which took place on Tuesday.
he spicy pitch at Dulwich Cricket Club made it hard going for the batsman and bowlers dominated the Twenty20 contest that included players from the likes of Berkeley Group, Deloitte Real Estate and Strutt & Parker.
The next day, following a resounding victory for England, the two captains, McCarthy and Crook, took to the microphone to analyse the game and talk more broadly about the state of the market and the economy.
Listen to the podcast below.