11 episodes

IPSX Podcasts explores the main themes impacting the real estate market. Each podcast welcomes leading guests from the industry to contribute their views and experiences.

IPSX Podcasts IPSX

    • Investing

IPSX Podcasts explores the main themes impacting the real estate market. Each podcast welcomes leading guests from the industry to contribute their views and experiences.

    Onshore Versus Offshore

    Onshore Versus Offshore

    Welcome to the eleventh episode in this series of IPSX podcasts exploring some of the major trends, changes, and innovations which are affecting the world of commercial real estate (CRE).

    In this episode we are bringing you a conversation between Paul Shearer, Rob Bould (IPSX), Melville Rodrigues (Ocorian), and Ben Sanderson (Federated Hermes). The group discuss onshore and offshore funds, and the current state of the market in the midst of Covid - as well as the future of CRE investment in the UK.



    Topics covered in this episode:


    Rob provides an overview of the state of property funds in 2020.

    Reuben takes us through the need for an onshore Professional Investors Fund for real estate, and what that entails.

    What is the difference between IPSX Prime and Wholesale, and how do these markets benefit onshore properties?

    The new choices and opportunities for fund managers in commercial real estate.

    The difference between the liquidity of offshore funds and onshore funds.

    How do we encourage investment into new large-scale CRE projects in the wake of Covid-19?

    What does the future, including an upcoming Brexit deadline, look like for CRE?



    Rob Bould

    Rob Bould is the former CEO of leading International property agents and advisory firm GVA Bilfinger. Currently Rob runs his own consultancy business and is Chairman of both LandAid and of Coyote Group, as well as holding various senior advisory and Non Executive Director roles, including being a Non Executive Director of IPSX - the world's first securities exchange dedicated to commercial real estate.

    https://www.ipsx.com

    Melville Rodrigues

    Melville practised as a law firm partner in London for over 25 years and has a particular expertise in funds related matters. Melville will be growing our funds practice and is spearheading industry thought leadership initiatives. Current initiatives include the Professional Investor Fund, a proposed unauthorised contractual scheme for pension funds and other professional investors, which has the support of industry organisations and many fund management houses. In addition, Melville leads initiatives to attract pension fund and other institutional capital in social impact investment fund projects

    https://www.ocorian.com/

    Ben Sanderson

    Ben joined the international business of Federated Hermes in September 2008. As Director of Fund Management, he oversaw the establishment of the VISTA UK Residential Real Estate Fund and is a member of the Real Estate Investment Executive and the HREIM Board. Ben has significant experience of investing in global real estate equity and debt instruments. Prior to this, he was fund manager of the M&G Global Real Estate Securities Fund and managed UK Prudential’s global real estate securities exposure. From 1998 to 2003, Ben worked in London and Tokyo for Jones Lang LaSalle. He holds BA and MA degrees in economics, and is a member of the CFA.

    https://www.hermes-investment.com/



    Paul Shearer

    Paul Shearer has worked extensively in both Television and Radio in front of and behind the camera as an actor, writer and presenter and script editor. He has also worked for over thirty years in the corporate communications sector for many of the UK’s blue chip companies producing internal videos on a wide variety of subjects. As a journalist he has written for both The Times and The Financial Times on residential property.

    http://www.paulshearer.com/

    • 32 min
    Talking Points - IPSX Wholesale

    Talking Points - IPSX Wholesale

    In this episode, we are bringing you a conversation between Paul Shearer and Roger Clarke, managing director at IPSX. The two discuss the new IPSX Wholesale market - who it’s for, how it works and why, now more than ever, it’s needed.



    Topics covered in this episode:


    How IPSX has navigated the turbulent times of Brexit and Covid.

    What problems does IPSX Wholesale solve?

    What makes IPSX Wholesale different to the traditional selling of commercial real estate?

    The clarity and transparency of using IPSX, as opposed to offshore markets.

    How the process of admission to the IPSX Wholesale market, and how it differs from IPSX Prime.

    The entities and structures that will benefit from using this new Wholesale market.

    Investor appetite for properties listed through IPSX Wholesale.

    How asset ownership works when listing on IPSX Wholesale.


    Bios

    Roger Clarke

    Managing Director and Head of Capital Markets, Roger Clarke, has been a Senior Advisor to IPSX Group since January 2019. He now joins the business full time. Roger has extensive experience in corporate transactions, particularly in equity capital markets but also in M&A and restructuring, with a specific sector focus on Real Estate. Roger joins from M7 Real Estate, where he was Head of Corporate Finance, with responsibility for executing significant corporate transactions. Previously he was Chief Executive of Tunstall, M7’s wholly owned subsidiary focused on alternative lending. Prior to joining M7 Roger spent 20 years working in the European investment banking industry, including roles at NM Rothschild, Dresdner Kleinwort Wasserstein, JP Morgan Cazenove and Stifel Nicolaus, as well as undertaking a secondment to the UK Takeover Panel.

    https://www.ipsx.com/

    Paul Shearer

    Paul Shearer has worked extensively in both Television and Radio in front of and behind the camera as an actor, writer and presenter and script editor. He has also worked for over thirty years in the corporate communications sector for many of the UK’s blue chip companies producing internal videos on a wide variety of subjects. As a journalist he has written for both The Times and The Financial Times on residential property. He has written and presented video work on commercial property for consulting real estate agents GVA Bilfinger as well as Capita Real Estate.

    http://www.paulshearer.com/

    • 22 min
    London Versus the Regions

    London Versus the Regions

    In this episode we are looking at whether you should be putting your CRE investments into London, or looking further afield and placing your cash in the regions. Our host Roger Clarke (IPSX), and our moderator Paul Shearer, are joined over the internet by Mat Oakley (Savills) and Neil Sinclair (Palace Capital Plc) to discuss the issue.

    Topics covered in this episode:


    Mat gives an overview of commercial real estate in London versus the regions, and where the market was at the start of the year.

    The differences between real estate in London and outside of Greater London.

    The developments in commercial real estate in the regions, and the rise of international interest in the area.

    The promising future of investment performance in the regions.

    The impact of infrastructure investments on the regions.

    What is hampering investment in the regions at the moment?

    How can talking to a mayor become a keystone of investing in a city?

    Inward versus outward investment in the regions.

    How do you introduce people to the regions as places to invest in commercial real estate?



    Bios



    Roger Clarke

    Managing Director and Head of Capital Markets, Roger Clarke, has been a Senior Advisor to IPSX Group since January 2019. He now joins the business full time. Roger has extensive experience in corporate transactions, particularly in equity capital markets but also in M&A and restructuring, with a specific sector focus on Real Estate. https://www.ipsx.com/



    Paul Shearer

    Paul Shearer has worked extensively in both Television and Radio in front of and behind the camera as an actor, writer and presenter and script editor. He has also worked for over thirty years in the corporate communications sector for many of the UK’s blue chip companies producing internal videos on a wide variety of subjects. As a journalist he has written for both The Times and The Financial Times on residential property. He has written and presented video work on commercial property for consulting real estate agents GVA Bilfinger as well as Capita Real Estate.

    http://www.paulshearer.com/



    Mat Oakley

    Mat Oakley is head of UK & European commercial property research at Savills. His primary areas of expertise relate to office, retail and leisure real estate, and he regularly advises investors and developers on opportunities and risks across these and other markets. Mat has been researching, analysing and occasionally correctly forecasting the commercial property market since the late 1980’s.

    https://www.savills.co.uk/



    Neil Sinclair

    Neil has over 50 years’ experience in the property sector. He was a founder of Sinclair Goldsmith Chartered Surveyors which was admitted to the Official List in 1987 and subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Non-Executive Chairman of Baker Lorenz, surveyors in 1999 and which was sold to Hercules Property Services plc in 2001. He was appointed a Non-Executive Director of Tops Estates plc, a fully listed company, in 2003 and remained so until it was sold to Land Securities plc in 2005. He was one of the founders of Mission Capital plc, now Watchstone Group plc, which was admitted to AIM in 2005, and was Executive Chairman until February 2008. He was also featured in ‘Top 100 Property People in Property Week’ in 2003. https://www.palacecapitalplc.com/

    • 32 min
    IPSX Wholesale

    IPSX Wholesale

    Paul Shearer is joined by the episode sponsor and host Rob Bould (IPSX) to explore the IPSX wholesale market, and outline what investors and owners can expect when interacting with this new outlet. Alongside Paul and Rob, we are joined by guests Chris Luck (CMS), and Lisa Walker (IPSX).



    Topics covered in this episode:


    The difference between IPSX prime and wholesale.

    Chris looks at What the appetite for IPSX wholesale is.

    Lisa looks at the benefit of IPSX to owners of real estate assets.

    The types of investors and investor criteria when looking at the wholesale market.

    Join ventures and offshore ownership, and how they interact with IPSX

    How IPSX will work for investors, and the mechanisms for interacting with properties and their owners/ brokers on IPSX

    Who should be looking at investing in real estate using IPSX wholesale?

    What the next two to five years will look like for wholesale.



    BIOS



    Rob Bould

    Rob Bould is the former CEO of leading International property agents and advisory firm GVA Bilfinger. Currently Rob runs his own consultancy business and is Chairman of both LandAid and of Coyote Group, as well as holding various senior advisory and Non Executive Director roles, including being a Non Executive Director of IPSX - the world's first securities exchange dedicated to commercial real estate. https://www.ipsx.com



    Paul Shearer

    Paul Shearer has worked extensively in both Television and Radio in front of and behind the camera as an actor, writer and presenter and script editor. He has also worked for over thirty years in the corporate communications sector for many of the UK’s blue chip companies producing internal videos on a wide variety of subjects. As a journalist he has written for both The Times and The Financial Times on residential property. He has written and presented video work on commercial property for consulting real estate agents GVA Bilfinger as well as Capita Real Estate.

    http://www.paulshearer.com/



    Chris Luck

    Chris Luck is a Partner in the Funds and Indirect Real Estate team. His main focus is in the real estate and financial sectors for UK and International clients. Transactional activity includes M&A, joint ventures and listing real estate companies as well as setting up and acting for investors in real estate funds.

    Chris is a member of the British Property Federation Finance Committee and works with the Property Industry Alliance, Property Finance Forum and EPRA on industry matters including REITs and European regulation such as the Alternative Investment Fund Managers' Directive (AIFMD).

    https://www.cms.law



    Lisa Walker

    Lisa is widely experienced in financial services regulation and joins from the Australia and New Zealand Banking Group where she was Head of Compliance for the UK and Europe. Lisa previously occupied a senior associate role with the UK Financial Conduct Authority where she had supervisory responsibility for Recognised Investment Exchanges, including NYSE Liffe, BATS, ISDX and the London Stock Exchange.

    https://www.ipsx.com/

    • 31 min
    Why Invest in Real Estate?

    Why Invest in Real Estate?

    In this episode we are asking a simple but fundamental question about commercial real estate: why should companies and investors look to invest? Paul Shearer is joined by the episode sponsor - Roger Clarke (IPSX). He is also joined by Deborah Lloyd (The Association of Real Estate Funds), and Mickola Wilson (Seven Dials Fund Management).

    Topics covered in this episode:


    Roger takes us through; What is commercial real estate? How big is the market? And what do we actually mean when we talk about the types of properties that would be listed on IPSX?

    Who, and what type of structure, owns this commercial real estate?

    Where does property lie on the spectrum of risk when compared to bonds and equities?

    How does property in general compare to other asset classes?

    What is IPSX, and how does it differ to the status quo of property investment?

    For further information on the stats discussed in this episode, click here



    Roger Clarke

    Managing Director and Head of Capital Markets, Roger Clarke, has been a Senior Advisor to IPSX Group since January 2019. He now joins the business full time. Roger has extensive experience in corporate transactions, particularly in equity capital markets but also in M&A and restructuring, with a specific sector focus on Real Estate. Roger joins from M7 Real Estate, where he was Head of Corporate Finance, with responsibility for executing significant corporate transactions.  https://www.ipsx.com/


    Paul Shearer

    Paul Shearer has worked extensively in both Television and Radio in front of and behind the camera as an actor, writer and presenter and script editor. As a journalist he has written for both The Times and The Financial Times on residential property. He has written and presented video work on commercial property for consulting real estate agents GVA Bilfinger as well as Capita Real Estate. http://www.paulshearer.com/



    Deborah Lloyd

    Deborah Lloyd is the current Chairman of the Association of Real Estate Funds and until 2015 was the Vice Chairman of the Management Board of INREV. She is also a non-executive board member of Kames Target Healthcare Fund, a consultant to the student accommodation fund manager, Curlew Capital and a member of the University of London’s property committee.

    Until 2016 Deborah, for 23 years, was a Partner at law firm Nabarro LLP, now part of CMS, where she co-founded the Funds and Indirect Real Estate team, which is ranked tier 1 in Legal 500. At Nabarro she set up and advised on funds for institutional and private equity fund managers including Aviva Investors, Standard Life, Henderson, Knight Frank, Cromwell, Kames Capital, iQ, Catalyst Capital, Rockspring, Aberdeen (SWIP), IMPAX, Curlew Capital, Eskmuir Asset Management. Deborah has a legal background in direct real estate, so understands real estate as an asset class from a development and leasing perspective. https://www.aref.org.uk/



    Mickola Wilson

    Mickola is joint owner of Seven Dials and joined in 2008.Prior to this she was CEO of Teesland plc a listed property fund and asset management company  with a cap value of the order of £200m, with over £5bn of funds under management across UK, Western and Central Europe.

    Prior to that she was MD of Guardian Properties, part of GRE, with responsibility for their property investment funds. https://www.7dials.com/

    • 35 min
    Monetising Real Estate Assets – What Are the Choices for Businesses?

    Monetising Real Estate Assets – What Are the Choices for Businesses?

    Paul Shearer is joined by the episode sponsor and host, Roger Clarke (IPSX) to discuss corporate finance and what options are available to commercial real estate owner-occupiers when they consider their properties and assets. Paul and Roger are joined by Fergal O’Reilly (EY Corporate Finance), and Nick Compton (JLL).



    Topics covered in this episode:




    What does IPSX listing/ ownership look like from the corporate perspective?

    What does corporate real estate mean in the UK?

    The difference between generic and specific assets, and how they sit within the UK corporate real estate landscape.

    The benefits of owner-occupation for corporates.

    How companies handle the ownership of property, and where it sits on their balance sheets.

    Roger outlines the key considerations when preparing for, and listing, a corporate property on IPSX.

    Nick lays out the wider landscape of options for corporations looking to monetise their real estate assets.

    How IPSX fits into the market for corporates raising capital through real estate.

    IPSX’s abilities to interact with global companies and properties.



    Roger Clarke

    Managing Director and Head of Capital Markets, Roger Clarke, has been a Senior Advisor to IPSX Group since January 2019. He now joins the business full time. Roger has extensive experience in corporate transactions, particularly in equity capital markets but also in M&A and restructuring, with a specific sector focus on Real Estate. Roger joins from M7 Real Estate, where he was Head of Corporate Finance, with responsibility for executing significant corporate transactions. Previously he was Chief Executive of Tunstall, M7’s wholly owned subsidiary focused on alternative lending. Prior to joining M7 Roger spent 20 years working in the European investment banking industry, including roles at NM Rothschild, Dresdner Kleinwort Wasserstein, JP Morgan Cazenove and Stifel Nicolaus, as well as undertaking a secondment to the UK Takeover Panel. https://www.ipsx.com/



    Paul Shearer

    Paul Shearer has worked extensively in both Television and Radio in front of and behind the camera as an actor, writer and presenter and script editor. He has also worked for over thirty years in the corporate communications sector for many of the UK’s blue chip companies producing internal videos on a wide variety of subjects. As a journalist he has written for both The Times and The Financial Times on residential property. He has written and presented video work on commercial property for consulting real estate agents GVA Bilfinger as well as Capita Real Estate.

    http://www.paulshearer.com/



    Fergal O’Reilly

    Fergal O’Reilly is an Associate Partner in the Real Estate Corporate Finance team at EY. His focus is on leading real estate M&A transactions and resolving complex financing situations that have a high value or particular strategic importance to clients. He joined EY in 2008, having previously been a Partner with King Sturge LLP, where he qualified as a Chartered Surveyor. https://www.ey.com/



    Nick Compton

    Nick Compton has been head of Corporate Capital Markets at JLL for the past four years, joining from CBRE where he spent 20 years specialising in multinational corporates, private equity investors and public sector bodies. https://www.jll.co.uk/



    To find out more visit https://www.ipsx.com/

    • 35 min

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