In May 2017 Dr Robin Goodchild, then International Director for Global Research & Strategy at LaSalle Investment Management and a past president of CULS, addressed the Society at a very well attended meeting on what he had learnt from working through three ‘big’ property cycles since the early 1970s, with his research being discussed by three experts in the real estate market. He identified 2025 as a key date from which the risk of another ‘big’ cycle increases. His conclusions are set out in a paper in the 2017 CULS magazine, which attracted significant interest.
Robin has updated his research with the help of LaSalle and will present his findings at this presentation. Robin will review how the property cycle has moved since 2017, which has been a highly challenging period, , together with providing his prognosis on what might happen in the future, including whether the nature of property cycles has changed.
Robin’s findings will be discussed and commented on by a panel.
Panellists:
Sabina Reeves, Head of Insights and Intelligence, CBRE Investment Management.
Sabina is responsible for formulating the macro-economic scenarios that power CBREIM’s real assets forecasts while also managing the 25 person research team. She is a member of the CBRE Investment Management Executive Committee, an Associate Fellow at the Said Business School and a Fellow of the Royal Institution of Chartered Surveyors.
David Mortimer, Co-Head of Real Estate Debt, ICG plc, Member of the Investment Committee.
David joined ICG Real Estate in 2016 and is responsible for the day-to-day implementation of ICG Real Estate’s Debt strategies and sourcing and executing investments. Prior to ICG, David spent eight years in Santander’s real estate finance team in London where he was responsible for portfolio oversight, and also chaired one of the bank’s credit committees. Prior to Santander he held roles in the real estate lending teams at JP Morgan and Bear Stearns, and started his career in 2002 as a commercial property valuer.
David holds an MA in Land Economy from the University of Cambridge.
Bill Hughes, Global Head of Private Markets at L&G – Asset Management
Bill joined Legal & General in 2007 and is responsible for transforming what was its UK property fund management business into a global private markets platform. Operating in both the direct investment and lending markets, today it actively invests and manages over £65bn of assets across real estate, infrastructure, corporate and alternative debt, venture capital, and the digital infrastructure space.
Bill continues to play an active role in several influential government and industry committees around responsible investing, infrastructure, urban regeneration and housing. He is a Global Governing Trustee of the Urban Land Institute and is on the UK Net Zero Carbon Buildings Standard (NZCBS) Governance Board. Bill is also Chair of the Property Industry Alliance (PIA), which brings together the UK’s leading property bodies to give them a stronger collective voice on issues such as policy, research and best practice.
Prior to joining Legal & General, Bill was CEO at RREEF UK (the Real Estate Fund Management business of DWS) and Head of Research and Deputy Managing Director at Schroder Property Investment Management.
Bill has an MA In Economic Geography from the University of Edinburgh, an MSc in Property Investment from City of London University a Diploma in Sustainability from University of Reading and is a member of the Institute of Investment Management and Research.
The event will be chaired by Dominic Reilly, also a past president of CULS.
