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MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
MENA PPT November 2009
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MENA PPT November 2009

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  • 1. UK residential property Nov 2009
  • 2. Contents Long term trends The recession Recovery Our approach
  • 3. The ethical, green, UK student fund 70%+ of the world’s bagpipes 70%+ of the world’s oil Edinburgh London
  • 4. The worlds largest festival 1,000 Castles Europe’s 3 rd largest financial centre A bit about Scotland… 500 golf courses 700 islands
  • 5. UK property Bristol Glasgow Liverpool Newcastle Manchester Dundee Edinburgh Nottingham
  • 6. Long term trends
  • 7. Long term trends – ownership. <ul><li>Residential: </li></ul><ul><li>The rental market remains small </li></ul><ul><li>The Gov. aims to encourage its growth </li></ul>
  • 8. Long term trends – size and ownership. Residential a very large asset class, with low UK Institutional participation
  • 9. <ul><li> Above: Residential consistently outperforms other asset classes </li></ul><ul><li> Below: Residential has been less volatile in a downturn </li></ul>Long term trends – residential performance UK asset performance to December 2008
  • 10. <ul><li>Residential: London and UK move in the same way </li></ul>Long term trends – price growth. Source: Halifax and Government
  • 11. <ul><li>Residential: Long term stable growth and low volatility </li></ul>Long term trends – price growth. Source: Halifax and Government
  • 12. Recession
  • 13. Recession – overall impact (peak to trough ) -40% Shares Commercial Property All Residential Property Gm Residential -15% -45% -11%
  • 14. <ul><li>Gm has outperformed the market by 30% </li></ul>Recession – city by city performance Land Registry Gm Funds Diff.   Edinburgh -10% -6% + 4% Glasgow -13% -7% + 6% Stirling -11% -7% + 4% Dundee -11% -4% + 7%   Newcastle -13% -8% + 5% Nottingham -14% -15% -1% Birmingham -14% -12% + 2% Bristol -19% -13% + 6% Liverpool -13% -12% + 1% Salford -15% -14% + 1% Manchester -15% -18% -3%   Grand total -15% -11%
  • 15. Recession – recent international price trends
  • 16. <ul><li>Prices have risen for 7 consecutive months </li></ul>Recession – recent price trends
  • 17. Recession – a positive impact on the student rental market +10% <ul><li>Large / growing student market </li></ul><ul><li>175,000 students turned away! </li></ul><ul><li>Shortage of student housing </li></ul>
  • 18. <ul><li>‘ House prices have risen for the past 7 months’ – Nationwide </li></ul>Recovery – 4 stages
  • 19. Headlines
  • 20. Our approach
  • 21. What we do Property funds We outperform the market by 30% Private Clients <ul><li>‘ One stop solution’ </li></ul><ul><li>Source </li></ul><ul><li>Renovate </li></ul><ul><li>Furnish </li></ul><ul><li>Let / manage </li></ul>
  • 22. About Grant Management <ul><li>Worldwide client base </li></ul><ul><li>12 UK cities </li></ul><ul><li>£500m / 1,850 prop. under man. </li></ul><ul><li>Lloyds Banking Group own 20% </li></ul>ARLA members / code of practice
  • 23. Traditional over new build? <ul><li>Shortage of supply </li></ul><ul><li>Better locations </li></ul><ul><li>Higher yields </li></ul>2% Gross Yields 7% 4%
  • 24. How we add value <ul><li>Buying well </li></ul><ul><li>Price, location </li></ul><ul><li>Investment model </li></ul><ul><li>Renovations </li></ul><ul><li>On time – 8 weeks </li></ul><ul><li>On budget - fixed price </li></ul><ul><li>Management </li></ul><ul><li>Safety/ compliance </li></ul><ul><li>Occupancy – 95% </li></ul>
  • 25. <ul><li>Before After Diff. </li></ul><ul><li>Value £215k £250k + £35K </li></ul><ul><li>Rent pcm £788 £1,400 + £612 </li></ul><ul><li>Yield 4.4% 7.6% + 72% </li></ul>Case Study – adding value 2 (MD) Summerhall Square, Newington, Edinburgh, EH9 1QD Bought: Mar 2009 Renovation Costs: £32,475
  • 26. Our homes
  • 27. The student market <ul><li>Large university cities </li></ul><ul><li>Secure income (Joint leases/guarantors) </li></ul><ul><li>Universities “recession proof” </li></ul>Around 75% of our properties are let to students
  • 28. <ul><li>Residential is a good asset class </li></ul><ul><li>Gm offers a great solution for private clients and funds </li></ul><ul><li>Student Market is large and growing </li></ul><ul><li>Great time to buy </li></ul>Summary
  • 29. <ul><li>To help new clients to enter the market </li></ul><ul><li>To build partnerships </li></ul><ul><li>To partner fund managers and sovereign wealth funds </li></ul>Castles Banks Funds Our aims
  • 30. Long term trends The recession Recovery Our approach
  • 31. 10 second tour of scotland Golf Monsters Castles

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