DOCSLIB.ORG

Blending Listed Real Estate with an Unlisted Portfolio Where East Meets

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Blending Listed Real Estate with an Unlisted Portfolio Where East Meets COVER NEWS ISSUE 46 NOVEMBER/DECEMBER 2013 FEATURES REFERENCE - EPRA Annual Conference. - Time for focus. - European listed real estate — - Member offers. a bigger splash for your cash. - FTSE EPRA/NAREIT Global - Nordic offices – still shining bright? Real Estate Indices. Blending listed real estate with an unlisted portfolio Alex Moss Where East meets West Guest editor – Mark Cooper EPRA MEMBERS AS OF NOVEMBER 2013 AUSTRALIA • GSW • VastNed • Grainger • Univ. of Western Sydney, • Hamborner • Warehouse de Pauw • Great Portland Estates Property Research Centre • Heitman • Wereldhave • Green Street Advisors • Resolution Capital • IREBS International RE Business • Yardi • Grosvenor Group School • Hammerson AUSTRIA • IVG Immobilien NORWAY • Hansteen Holding • CA Immobilien Anlagen • LEG • Norwegian Property • Henderson Global Investors • Conwert Immobilien Invest • MEAG Real Estate Management • Ignis Asset Management • Immofinanz AG • PATRIZIA Immobilien SINGAPORE • intu • Sparkassen Immobilien • POLIS Immobilien • Keppel Land Limited • Invesco • PricewaterhouseCoopers • National Univ. of Singapore • JPMorgan BELGIUM • Prime Office REIT • JLL • Aedifica • Real Estate Management SOUTH-AFRICA • KPMG • AG Real Estate Institute • Growthpoint Properties • Land Securities • Antwerp Management School • RREEF Investment • Linklaters • Banque De Groof • SEB Asset Management SPAIN • London Metric (formerly London • Befimmo • TAG Immobilien • Fundación ESADE & Stanford) • Cofinimmo • VIB • Inmobiliaria Colonial • Macquarie Real Estate • Leasinvest Real Estate • TESTA Inmuebles & Renta • M&G Investment Management • Retail Estates GREECE • Morgan Stanley • Solvay Business School • Eurobank Properties REIC SWEDEN • Nabarro (Brussels Univ.) • Lamda Development • Aberdeen Property Investors • Nottingham Trent Univ. • National Bank of Greece Holding • Principal Global Investors BRITISH VIRGIN ISLANDS Property Services • Castellum • Quintain Estates & Development • Eastern Property Holdings • Trastor REIC • Fastighets AB Balder • Redefine International • Safestore CANADA HONG KONG SWITZERLAND • SEGRO • Presima • Univ. of Hong Kong • Center for Urban & RE • Shaftesbury Management • Thames River Capital FINLAND ISRAEL • Euro Institute of RE Management • Tristan Capital • Aalto Univ. • Azrieli Group • Mobimo Holdings • UBS • Citycon • Gazit Globe • PSP Swiss Property • Unite Group • KTI Finland • Strategic Capital Management • Univ. of Aberdeen • Sponda ITALY • Swiss Prime Site • Univ. of Cambridge • Beni Stabili • University of Geneva • Univ. of Reading, Centre for FRANCE • Immobiliare Grande RE Research • Affine Distribuzione TURKEY • Workspace Group • ANF Immobilier • Emlak Konut • BNP Paribas LUXEMBOURG • Torunlar REIT USA • Cegereal • GAGFAH • Cohen & Steers Capital • Foncière des Regions • Orco Property Group UAE Management • Gecina • Abu Dhabi Investment Authority • Centre Square • ICADE NETHERLANDS • Duff & Phelps • IEIF • ABN Amro UNITED KINGDOM • European Investors Incorporated • Ivanhoe Cambridge Europe • Amsterdam School of RE • AEW • Fidelity Management & • Klépierre • APG Asset Management • AMP Capital Brookfield Research. • Mazars • ASR • Assura • Forum Partners Investment • Mercialys • Atrium European Real Estate • Aviva Investors Management • Predica • BPF Bouwinvest • Bank of America • Host Hotels • Silic SA • CB Richard Ellis • Barclays Capital • Real Capital Analytics • Société de la Tour Eiffel • CBRE Global Investors • BDO • Real Foundations • Société Foncière Lyonnaise • Clifford Chance • Big Yellow Group • Russell Investment Group • Société Générale • Corio • Blackrock Asset Management • Simon Property • Unibail-Rodamco • Cornerstone Real Estate Advisors • British Land • SNL Financial • Université de Paris-Dauphine • Deloitte Real Estate • Cass Business School • Univ. of Cincinnati • Zueblin • Eurocommercial Properties • Capital & Counties Properties • Ventas • Kempen & Co • CBRE Clarion Securities • Westfield Group GERMANY • LaSalle Investment Management • Cerberus European • Zell-Lurie RE Center at Wharton • Allianz Real Estate • Loyens & Loeff Capital Advisors • Alstria Office REIT • MN Services • Credit Suisse Securities • Deutsche Annington • Nieuwe Steen Investments • Derwent London plc • Deutsche EuroShop • PGGM • Deutsche Bank • Deutsche Wohnen • Redevco Europe Services • EY • DIC Asset • Tilburg Univ. • GIC Real Estate • Fair Value REIT • Univ. of Maastricht • Goldman Sachs International 2.2. _ EPRA EPRA NEWS NEWS / /29 46 / /2008 2013 CONTENTS NEWS ISSUE 46 | NOVEMBER/DECEMBER 2013 GUEST EDITOR Mark Cooper 4 CEO UPDATE 8 FEATURES CREDITS Blending listed real estate with an unlisted real estate portfolio 10 EPRA Annual Conference 16 EU efforts on track 22 European listed real estate — Editor & Production Manager a bigger splash for your cash 24 Dominic Turnbull Guest Editor Germany’s REIT dilemma 28 Mark Cooper Nordic offices — still shining bright? 32 Article Credits Dr Wilhelm Breuer Tim Kesseler Returning to the core 38 Barney Coleman Patrick Laureys Lars Flåøyen Alex Moss Taking a leap forward Matthew Fletcher Elias Oikarinen Fraser Hughes Kiran Raichura EPRA Annual Report survey 2012/13 42 Martin Hoesli Henrik Saxborn EPRA Annual Report results 44 Please send your comments and suggestions to: [email protected] Are public and private real estate Design & LayOut returns and risks the same? 46 Fuse Consulting Limited London Time for focus 50 [email protected] Printers REFERENCE PAGES PCM Ltd Members offers. 52 FTSE EPRA/NAREIT global Real Estate indices. 54 EPRA Head Office UK Office EPRA Hong Kong Ltd Square de Meeus 23, Berkeley Square House, Suite 2207-09, Tower II, 9th Floor, Berkeley Square, Lippo Centre, B-1000 Brussels, London, 89 Queensway, Belgium W1J 6BD, Admiralty, Hong Kong T +32 (0)2739 1010 United Kingdom T +852 2530 8170 www.epra.com T +44 (0)7973 109117 www.epra.com/china EPRA NEWS / 46 / 2013 3. GUEST EDITOR SOLD WHERE EAST MEETS WEST? There is no harder question to answer than: “What is the Asian property market like at the moment?” This region is the most heterogeneous of the three main global real estate area, which adds to its attractions and means you can’t get away with generalisations. But Europe, keep asking and watching. 4. EPRA NEWS / 45 / 2013 GUEST EDITOR Mark Cooper At the moment however, the big story coming out of China is the cash coming out of China and heading for real estate all over the world. Japan, Asia’s richest and most eco- In fact, even without rental trend. How long this will last is nomically sluggish nation, has been growth, Japan looks good to inves- uncertain, but with very little supply stealing the headlines from China tors. Tokyo office yields tend to be in either sector, rents will probably recently, as Prime Minister Shinzo between 4% and 5%, but finance rise as soon as they hit a level that Abe’s plans to stimulate growth can be had for an all-in cost of 1%, tenants can bear. The investment have met with a level of success and making the most attractive spread in market remains incredibly com- support unheard of in recent times. the region. petitive: most of the major assets are held by mighty developers such as Real estate, especially the J-REIT Up down under Sun Hung Kai, Swire Properties and sector has benefitted enormously. Australia also offers and attractive Hongkong Land and smaller B-Grade Transaction volumes are expected spread between property yields and assets are fought over by developers, to double this year from 2012 and finance costs, as significant buying property investors, owner-occupiers J-REITs have taken the lion’s share in the past 12-18 months has not and high net worth buyers. of them – nearly 70% in the third driven significant yield compres- quarter! Cap rates have compressed sion. The main reason for this is Singapore definitely seems to be sharply in the past 12 months and the weakness of the tenant market. on the brink of an office rental up- foreign investors from within and Australian offices for example offer swing after a turgid couple of years without the region are keen to buy. tempting yields of 6%-plus, but ten- in which supply has been nibbled ant incentives eat away at the gross away, although opinion is divided A few people in the market are figures and headline rents have on how strong rental growth will be making the argument that Japan’s been falling in some markets. in 2014. Pricing is already keen: local real estate market was in fact com- investors and REITs can get financ- ing into an upswing even before Some brokers reckon that ing as cheaply as in Japan and they ‘Abenomics’ took hold. However, the rental market is poised for a are already taking a punt on the next that is hard to swallow when – for turnaround, after a flat Q3 for their rental cycle. example – office rents have barely leasing businesses. If they are cor- started to bottom out even now. rect, then buying by both domestic Indonesia and the Philippines However, the mood is positive and and foreign investors could intensify remain markets where the volume if Abe can deliver structural reforms further next year. of chatter far outweighs the volume alongside his monetary and fiscal of deals. Both have favourable boosts, Japanese firms will start ex- Hong Kong boasts office and re- economic and demographic pictures panding again and rental growth will tail rents amongst the highest in the but both are very hard for property back up the recent buying activity. world, but both are on a downward investors to deal with at the bricks EPRA NEWS / 46
Load more

Recommended publications
  • London After Brexit
    GLOBAL CITIES London After Brexit BY RICHARD BARKHAM, Ph.D., CRE, DENNIS SCHOENMAKER, Ph.D., AND SIENA CARVER As a former imperial capital, London has had About the Authors global significance for about 300 years, but over the last 30, it has seen particular success. Although Richard Barkham, Ph.D., CRE, is a specialist in macro and real estate its global roles as a financial center and business economics. He joined CBRE in 2014 management hub are generally held up as the key as Executive Director and Global Chief reasons behind its success, there are many more Economist. Prior to taking up his position qualities that make London a pre-eminent global city. with CBRE, Richard was a Director of Research for the Grosvenor Group — an international business For some, the recent Brexit vote was a signal from the with circa $10 billion of capital under management in real estate. He rest of the country that London’s dominance needs to was also a non-Executive Director of Grosvenor Fund Management be kept in check, that the financial industry should where he was involved in fund strategy, risk analysis and capital not be given preferential treatment or incentives, raising. Richard is the author of two books and numerous academic and other industries and regional centers need to get and industry papers. In 2012 he published Real Estate and Globalisation (Wiley Blackwell, Oxford), which explains the a larger slice of the investment ‘pie.’ Seven months impact on real estate markets of the rise of emerging markets such as on, we are starting to see whether these effects will China and Brazil.
    [Show full text]
  • 1000 Companies to Inspire Britain 2016
    1000 1000 COMPANIES TO INSPIRE 1000 COMPANIES TO INSPIRE 2016 BRITAIN BRITAIN 2016 Our sponsors www.1000companies.com 1000 COMPANIES TO INSPIRE 2016 BRITAIN London Stock Exchange Group Editorial Board Tom Gilbert (Senior Press Officer); Ed Clark (Press Officer); Alexandra Ritterman (Junior Press Officer) Contents Wardour Led by Claire Oldfield (Managing Director) and Ben Barrett (Creative Director) 72 Marcus Stuttard The team included: Lynn Jones (Art Director); Joanna Lewin (Editor) and Wardour editorial; Forewords 5 Xavier Rolet Head of UK Primary Markets and Head Charlotte Tapp (Project Director); CEO, London Stock Exchange Group of AIM, London Stock Exchange Group John Faulkner and Jack Morgan (Production) 10 Ian Stuart 73 Sherry Coutu CBE Co-Founder, Scale-Up Institute Wardour, Drury House, 34–43 Russell Street, UK and European Head of Commercial Banking, HSBC 81 Terry Scuoler London WC2B 5HA, United Kingdom CEO, EEF The Manufacturers’ Organisation +44 (0)20 7010 0999 12 Stephen Welton CEO, Business Growth Fund 90 Tim Hames www.wardour.co.uk 14 Jim Durkin Director General, British Private CEO, Cenkos Equity & Venture Capital Association 16 Allister Heath 102 Jenny Tooth OBE Deputy Editor and Deputy Director of Chief Executive, UK Business Angels Association Pictures: Getty Images, iStock, Gallerystock Content, The Telegraph 17 Justin Fitzpatrick 113 Carolyn Fairbairn All other pictures used by permission Co-founder and COO/CFO at DueDil Director-General of the CBI Cover illustration: Adam Simpson 121 Mike Cherry Research findings
    [Show full text]
  • Schedule of Investments December 31, 2020 (Unaudited)
    Schedule of Investments December 31, 2020 (Unaudited) City National Rochdale Government Money Market Fund Description Face Amount (000) Value (000) Description Face Amount (000) Value (000) U.S. Government Agency Obligations [44.9%] 0.135%, VAR United States FFCB Secured Overnight 0.183%, VAR ICE LIBOR Financing Rate+0.025%, 02/26/21 $ 25,000 $ 25,000 USD 1 Month+0.035%, 01/26/21 $ 25,000 $ 25,000 0.180%, VAR United States 0.213%, VAR ICE LIBOR Secured Overnight USD 1 Month+0.070%, Financing Rate+0.070%, 08/12/22 50,000 50,000 06/24/21 50,000 49,998 0.200%, VAR United States FNMA Secured Overnight 0.470%, VAR United States Financing Rate+0.090%, Secured Overnight 07/15/21 50,000 50,000 Financing Rate+0.360%, 01/20/22 50,000 50,000 FHLB 0.130%, 06/17/21 25,000 24,999 0.500%, VAR United States 0.169%, VAR ICE LIBOR Secured Overnight USD 1 Month+0.015%, Financing Rate+0.390%, 04/15/22 50,000 50,000 07/13/21 50,000 50,000 0.160%, VAR United States 0.350%, VAR United States Secured Overnight Secured Overnight Financing Rate+0.050%, Financing Rate+0.240%, 05/05/22 25,000 25,000 07/16/21 25,000 25,000 0.420%, VAR United States 0.310%, VAR United States Secured Overnight Secured Overnight Financing Rate+0.310%, Financing Rate+0.200%, 05/09/22 50,000 50,000 09/24/21 50,000 50,000 0.280%, VAR United States Total U.S.
    [Show full text]
  • 2013 in REVIEW Economic, Environmental and Social Performance
    2013 IN REVIEW Economic, Environmental and Social Performance PORTUGAL GREECE LISBOA ATHENS PORTO ITALY ALGERIA MILAN KOUBA LUXEMBOURG BRAZIL LUXEMBOURG SÃO PAULO MOROCCO CHINA CASABLANCA SHANGHAI ROMANIA COLOMBIA BUCHAREST CALI SPAIN CROATIA MADRID ZAGREB THE NETHERLANDS GERMANY HOOFDDORP DÜSSELDORF TURKEY ISTANBUL For more information on our offices please visit http://www.sonaesierra.com/en-gb/contactus/ouroffices.aspx Creating value from… UNIQUE SHOPPING EXPERIENCES www.sonaesierra.com ­ SonAE SIERRA WE hAvE lonG RECoGnISEd ThAT EnvIRonmEnTAl And SoCIAl pERFoRmAnCE AFFECTS ouR FInAnCIAl RESulTS, And WE bElIEvE ThAT ouR lonG-TERm buSInESS SuCCESS IS dEpEndEnT on All ThREE dImEnSIonS: EConomIC, EnvIRonmEnTAl And SoCIAl. Hofgarten Solingen, Germany ..... About tHiS report This report provides a summary overview of Sonae Sierra’s economic, environmental and social strategy and the Company’s performance in 2013. We have also published a fully integrated Economic, Environmental and Social Report, available on our website which draws heavily on the International Integrated Reporting Council’s (IIRC) Framework on Integrated Reporting and the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines. As such, it provides our stakeholders with a more robust and detailed account of our current strategy and performance in 2013, and further demonstrates the alignment between our core business and sustainability goals. Contents 01 Who We Are 02 CEo’s Statement 04 The Year at a Glance 06 our Company 10 our business model and Strategy 12 The Wider Context 14 operational performance 22 Consolidated Accounts 28 Future outlook 30 board members and Executives www.sonaesierra.com ­ 2013 In Review .01 ..... WHo We Are Sonae Sierra is a specialist at the cutting edge of shopping centre development, ownership, management and the delivery of professional services in geographies as diverse as Europe, South America, North Africa and Asia.
    [Show full text]
  • Grosvenor Group Limited – Financial Statements 2020
    In addition to the information contained in the 2020 Financial Statements, you can download our 2020 Annual Review and the 2020 Non-Financial Data Report to find out more about our progress during the year. Governance Strategic report 1 Corporate governance 10 Directors’ report 16 Accounts Statement of Directors’ responsibilities 25 Corporate advisers and bankers 26 Independent auditor’s report to the members of Grosvenor Group Limited 27 Consolidated income statement 31 Consolidated statement of comprehensive income 32 Consolidated statement of changes in equity 33 Consolidated balance sheet 34 Consolidated statement of cash flows 35 Financial Notes to the Financial Statements 36 Consolidated income statement presented in US Dollars 93 Consolidated balance sheet presented in US Dollars 94 Statements Consolidated income statement presented in Euros 95 Consolidated balance sheet presented in Euros 96 Ten-year summary 97 Company balance sheet 98 2020 Company statement of changes in equity 99 Notes to the Company Financial Statements 100 Glossary 111 1 Grosvenor Group Limited The Directors present their Strategic report for Grosvenor Group Limited (the ‘Group’) for the year ended 31 December 2020. Financial Statements for the year ending 31 December 2020 Principal activities Strategic report The Group develops, manages and invests in property, using its own and third-party capital. The subsidiary and associated undertakings principally affecting the profits or net assets of the Group in the year are listed in Note 19 of the Consolidated Financial Statements and Note 2 of the Company Financial Statements. The Group’s purpose Grosvenor Group’s purpose is to improve property and places to deliver lasting commercial and social benefit.
    [Show full text]
  • View Annual Report
    Legal & General Group Plc Annual Report and Accounts 2019 From building homes to transforming our towns and cities, inclusive capitalism is already at work. Improving lives through inclusive capitalism Our purpose is to improve the lives of our customers, build a better society for the long term and create value for our shareholders. This inspires us to use our long-term assets in an economically and socially useful way to benefit everyone in our communities. Strategic report Highlights Operating profit# (£m) Net release from operations (£m) Earnings per share (p) Contents Strategic report Highlights 1 2,335 31.9 2,286 30.8 30.9 Chairman’s statement 2 2,055 Chief Executive Officer’s Q&A 4 Our strategy 6 Our business model 10 1,562 1,615 21.2 1,455 1,411 1,454 1,440 Our stakeholders 14 18.2 1,256 Our businesses 16 Group Chief Financial Officer’s Q&A 18 Tax review 21 Business review 22 Institutional retirement 23 Driving international growth 26 Individual retirement 28 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Working in our customers’ interests 30 Investment management 32 Working towards a net zero carbon future 34 Capital investment 36 Transforming towns and cities 38 Insurance 40 Return on equity Solvency II capital coverage Worldwide employee Managing risk 42 ratio (shareholder basis) engagement index Principal risks and uncertainties 46 A sustainable business 48 Governance Board of directors 56 Executive Committee 58 Letter from the Chairman 60 20.4% 184% 72% Stakeholder engagement 62 Employee engagement
    [Show full text]
  • Industry Joins Forces to Launch Built Environment Virtual Pavilion For
    Press Release Contact: Brooke Penman +44 (0)7794 903325 Industry joins forces to launch Built Environment Virtual Pavilion for COP26 The UK Green Building Council (UKGBC) has today announced a coalition of almost 100 partner organisations across the built environment sector who will support the delivery of a Built Environment Virtual Pavilion, ahead of the UN’s COP26 Climate Summit scheduled to take place in Glasgow this November. To enable maximum participation, regardless of the status of the physical Summit, UKGBC is acting as secretariat to a huge number of organisations who have joined forces to establish a smart virtual presence, which aims to give the sector a voice at COP26, and generate a reach and legacy that can stretch beyond COP itself. The Virtual Pavilion will comprise an exhibition of global exemplar projects and places, within a bespoke virtual reality (VR) space, as well as a major series of events and downloadable content – to include keynotes, panel discussions and more. Partners will shortly launch an open call for a creative and innovative virtual centrepiece for the Pavilion, with a detailed brief expected to be formally announced within the next few weeks. At least 30 ‘Delivery Partners’ are working together to support the initiative, consisting of non-profits, trade bodies, government agencies and professional institutions from across the built environment. Delivery Partners include: • Association for Consultancy and • Construction Scotland Innovation Centre Engineering (ACE) (CSIC) • Active Building Centre •
    [Show full text]
  • PRCA Register December
    Register for 1st December 2020 - 28th February 2021 3x1 Group Address(es) in the UK Contact Details 11 Fitzroy Place W Little Glasgow 0141 221 0707 G3 7RW [email protected] 26-28 Exchange Street Aberdeen AB11 6PH 16a Walker Street Edinburgh EH3 7LP 210 Borough High Street London SE1 1JX Practitioners (employed and sub-contracted) conducting PA activities this quarter Cameron Grant Patrick Hogan Will Little Graham McKendry Katrine Pearson Fee-Paying clients for whom UK PA consultancy services provided this quarter (i) Client description available Atos Orkney Harbours SICPA The Scottish Salmon Company Viridor Fee-Paying clients for whom UK monitoring services provided this quarter (i) Client description available Scottish Hospitals Inquiry 5654 Address(es) in the UK Contact Details Parchment House Ben Thornton 13 Northburgh Street 020 4534 2980 London [email protected] EC1V 0JP Practitioners (employed and sub-contracted) conducting PA activities this quarter Joseph Costello Imogen Osborne Laura Gabb Liz Morley Sally Payne James Starkie Ben Thornton Fee-Paying clients for whom UK PA consultancy services provided this quarter (i) Client description available Access Fertility Affinity Water Association of British Insurers Centrepoint Drax GKN Automotive HARIBO HySpectral Melrose Sainsbury’s Access Partnership Address(es) in the UK Contact Details 9th Floor Southside David Kaye 105 Victoria Street 0203 143 4900 London [email protected] SW1E 6QT www.accesspartnership.com Other Countries of Operation BELGIUM SENEGAL SINGAPORE
    [Show full text]
  • Strong Suburbs
    Strong Suburbs Enabling streets to control their own development Dr Samuel Hughes & Ben Southwood Foreword by Ben Derbyshire Strong Suburbs Enabling streets to control their own development Dr Samuel Hughes & Ben Southwood Foreword by Ben Derbyshire Policy Exchange is the UK’s leading think tank. We are an independent, non-partisan educational charity whose mission is to develop and promote new policy ideas that will deliver better public services, a stronger society and a more dynamic economy. Policy Exchange is committed to an evidence-based approach to policy development and retains copyright and full editorial control over all its written research. We work in partnership with academics and other experts and commission major studies involving thorough empirical research of alternative policy outcomes. We believe that the policy experience of other countries offers important lessons for government in the UK. We also believe that government has much to learn from business and the voluntary sector. Registered charity no: 1096300. Trustees Diana Berry, Alexander Downer, Pamela Dow, Andrew Feldman, David Harding, Patricia Hodgson, Greta Jones, Edward Lee, Charlotte Metcalf, David Ord, Roger Orf, Andrew Roberts, George Robinson, Robert Rosenkranz, William Salomon, Peter Wall, Simon Wolfson, Nigel Wright. Strong Suburbs Policy Exchange has led the debate on empowering communities, winning support for development, and creating beautiful popular homes. The Government supports enabling communities to set their own rules for what developments
    [Show full text]
  • What Makes a Great Chief Executive? What Makes a Great Chief Executive? Material Consists of 80% Recycled Certification
    Material consists of 80% recycled post-consumer fibre; 10% TCF (totally chlorine free); 10% ECF (elemental chlorine free). FSC certification. NAPM recycled certification. Paper mill accredited with ISO 9001 and ISO 14001 status. All responsibilities to the local environment and manufacturing processes are strictly monitored. The Whitehead Mann Leadership Debate Leadership Mann Whitehead The What makes a great Chief Executive? Chief great a makes What THE WHITEHEAD MANN LEADERSHIP DEBATE LEADERSHIP MANN WHITEHEAD THE What makes a great Chief Executive? Chief agreat What makes Contact Carol Leonard All rights reserved. No part of this publication Whitehead Mann is one of the world’s best-known leadership consultancies may be reproduced, stored in a retrieval system, working with clients to create value through people. As an independent, Whitehead Mann or transmitted in any form or by any means, international partnership, we work as a single team to deliver deep sector Ryder Court electronic, mechanical, photocopying, recording and functional expertise. We are authorities in the areas of leadership; CEO 14 Ryder Street or otherwise, without the express permission concerns; CEO characteristics and career issues at Board and CEO level. London SW1Y 6QB of the copyright owner. Our long track record is built on our contacts, judgement, the quality of our t +44 (0) 207 024 9000 © The Whitehead Mann Partnership LLP board placements and our ability to identify the CEOs of tomorrow. Over 90 f +44 (0) 207 024 9001 of Europe’s top 200 companies and most of the FTSE 100 companies and e [email protected] Fortune 500 organisations have retained Whitehead Mann.
    [Show full text]
  • Private Family Office Event 2Nd March 2017, Claridges
    The Ton Private Family Office Event 2nd March 2017, Claridges for more information please contact Seig de Vater [email protected] | Marguerite Weber [email protected] Integrity. Trust. Connection. The Ton. Agenda 12:15 Registration 12:30 Buffet Lunch 13:30 Welcome and Opening Address Seig de Vater, Founder, The Ton Seig has over 30 years of experience with family offices in the UK. Starting with Cazenove & Co., where for 12 years he looked after family office funds and companies, and built relationships with over 400 families. In 2000, Seig founded deBrecks Advisory and has raised in excess of US$6 billion for various investment strategies. In 2004, Seig founded a service to visit and meet with the family offices of Australia and the Super Funds (Pension Funds). In 2005, Seig also co-founded the European Family Office Investment Forum. In 2011, Seig was appointed Chairman of FMG Eurasia, which specialises in frontier funds, Iraq, MENA, Russia, China, India and Africa. 13:40 Presentation one | Defence National Rehabilitation Charity His Grace, the Duke of Westminster Hugh graduated from the University of Newcastle in June 2013 with a BSc in Countryside Management and in September 2013 he joined the Grosvenor Estate’s international graduate programme which included time with its three constituent elements. In addition to working with the property arm of the Estate, the Grosvenor Group, he joined the Wheatsheaf Group as an investment analyst dealing with potential investments in food and energy sustainability and innovation before finally immersing himself closer to home in the Family Investment Office.
    [Show full text]
  • Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017
    Report of Activities Pursuant to Act 44 of 2010 Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017 Appendix D: Securities Held by Funds The Four Funds hold thousands of publicly and privately traded securities. Act 44 directs the Four Funds to publish “a list of all publicly traded securities held by the public fund.” For consistency in presenting the data, a list of all holdings of the Four Funds is obtained from Pennsylvania Treasury Department. The list includes privately held securities. Some privately held securities lacked certain data fields to facilitate removal from the list. To avoid incomplete removal of privately held securities or erroneous removal of publicly traded securities from the list, the Four Funds have chosen to report all publicly and privately traded securities. The list below presents the securities held by the Four Funds as of June 30, 2017. 1345 AVENUE OF THE A 1 A3 144A AAREAL BANK AG ABRY MEZZANINE PARTNERS LP 1721 N FRONT STREET HOLDINGS AARON'S INC ABRY PARTNERS V LP 1-800-FLOWERS.COM INC AASET 2017-1 TRUST 1A C 144A ABRY PARTNERS VI L P 198 INVERNESS DRIVE WEST ABACUS PROPERTY GROUP ABRY PARTNERS VII L P 1MDB GLOBAL INVESTMENTS L ABAXIS INC ABRY PARTNERS VIII LP REGS ABB CONCISE 6/16 TL ABRY SENIOR EQUITY II LP 1ST SOURCE CORP ABB LTD ABS CAPITAL PARTNERS II LP 200 INVERNESS DRIVE WEST ABBOTT LABORATORIES ABS CAPITAL PARTNERS IV LP 21ST CENTURY FOX AMERICA INC ABBOTT LABORATORIES ABS CAPITAL PARTNERS V LP 21ST CENTURY ONCOLOGY 4/15
    [Show full text]