London Week ExperienceLondon, November 27th - December 1st, 2017

NEW PRODUCTS & TRENDS IN THE REAL ESTATE WORLD

GRI INVITED ITS MEMBERS TO A TRIP TO "THE FUTURE".

Prime office markets are nearing a cyclical peak yet the colossal and pioneering US co-working company, WeWork, is continuing its rapid expansion worldwide. London has embraced the co-working model and is now its largest hub outside New York.

Co-working is only one type of product ‘disrupting’ the real estate world; student housing, senior living, micro-living and residential for rent are all changing the real estate model. At the request of our members the GRI Club organised the opportunity for a group visit to experience these trends directly. To spend a week in London where these concepts are already developed. To live, work and breathe these new concepts and to see what the fuss is about.

Schedule

Over one week GRI members had the opportunity to join different activities. The week started with the opportunity not only to visit but also to work from the flagship We Work office in London Paddington.

On Days 2 and 3, the GRI Residential Europe 2017 Conference offered the chance to engage in detailed discussions around emerging asset models, and to understand the pitfalls UK Players have already overcome.

From theory to practice. The next few days were all about visiting and experiencing in real-life the most exciting projects in senior housing, student housing, micro-living, co-living and other iconic buildings.

This was a unique opportunity to see what is in store for emerging and developing real estate markets in the next 5,10, 20 years. And it was the perfect opportunity for anybody wanting to anticipate trends and stay ahead of their competitors.

 

NOV 27th

The Co-Working and Office
Lifestyle Experience

NOV 28th
GRI Residential Europe 2017
NOV 29th
GRI Residential Europe 2017
NOV 30th
The Co-Living and Private
Residential Rented Experience
DEC 1st
The London City Experience
 

Registration

Attendance is reserved exclusively for GRI Club Members.

Membership is available to senior investors, lenders and developers in real estate.

Non-members can enquire here to become a member and join the club meeting.

Kirsty Stevens

Kirsty Stevens

Head of Content & Sales, UK

+44 (0)20 7121 5095

[email protected]
Kirsty Stevens
+44 (0)20 7121 5095
Head of Content & Sales, UK
GRI Club
Biography:

Kirsty has seven year’s experience in conference production globally. Her previous role included Conference Producer for RICS, fostering events in Corporate Real Estate, Residential, Industrial and Regional Investments across UK, Middle East and Europe. Kirsty is passionate about industrial and logistics, residential alternatives, distressed Investing, as well as connecting investors and developers with focused discussions in her core markets of the UK and Europe.

Summaries

Global Investors experience London Real Estate

From the 27th November to the 1st December, GRI Club hosted a global delegation for a week of site visits in London with a view to inspire new models of living and working. The delegation comprised of senior investors and developers from India, Africa, Brazil and Europe. They had the exclusive opportunity to participate in site visits and experience first hand the new trends in real estate. Co-working, co-living, student housing, micro apartments and affordable housing were some of the focus of the activities. (27 Nov - 1 Dec). 

Our week started with comparing the various office products that are winning tenants with a tour of ‘Spaces’; the new flexible workspace brand by long established landlord, Regus which was followed by a networking lunch at the ‘Walkie Talkie’ skyscraper. Next, members were immersed into the co-working experience by spending the day visiting and working in one the many WeWork offices. A provocative discussion between members and Matthew Brown, Director, European Acquisitions, WeWork, tested perceptions of how space is used, how leases are viewed and the new role of the landlord to create a more personal and community driven service to remain competitive. 

A private discussion with developer giant British Land on the Paddington Barge, allowed members to gain perspective on how ownership of community spaces can reinvent an entire new sense of places to live, work and play at Paddington Central. A few years ago, Paddington was too risky to develop as it was too removed from the city centre. However through the creative uses of pop up restaurants, community events, curated green spaces and mixed use developments, British Land have reimagined a new commuter area that is pushing up rental demand. 

London’s housing supply is at a critical low from social, mid-market and even high end. So GRI club members were invited to visit a range of developments aiming to address this. The government scheme at Old Oak and Park Royal, one of the largest regeneration sites in Europe is a 25 year development that will unlock billions of pounds of investment in infrastructure, residential and commercial property. It was interesting to compare the different models, at different price points and for the hosts to understand what works in other countries, joining the tour were representatives from the Mayor’s office to gather feedback from members. 

The co-living housing development at Old Oak is the flagship model delivered by the Collective, presenting community services and spaces as the key tenant driver, allowing scale up by restricting personal space. Members enjoyed being shown the cinema room, spa and themed kitchen areas and some thought that the Collective were delivering more than a millennial fad and that co-living might just be the future of city apartment living. 

Rounding off this special week, Inspired Asset Management hosted a walking tour of their micro apartment developments in the heart of up and coming Croydon, South London. Much more than a new niche housing concept, the developer offered perspectives on how they are working with the council, startups and local artists to create a vibrant, creative and most importantly affordable brand that is attracting young professionals from all over London. Martin Skinner, Founder & CEO of Inspired commented: "We were delighted to host the GRI Club in Croydon. With the new £1.4bn Westfield shopping centre now given the green light, it's an exciting time to be in Croydon. We are currently building our fifth development here: Innova. There will be 235 apartments a beautiful sky terrace and a residents' lounge, cool social spaces where residents can watch TV, play table tennis or enjoy a few drinks with their neighbours. We would love to bring everyone back next December when Innova is completed and the first residents have moved in." 

12 Sites were visited in total, not only did this weeklong experience offer many insights to benchmark new products in real estate on a global scale, true business friendships were fostered. “The London week experience” was a true testament to the strength of what the GRI club offers senior property investors and developers worldwide. 

 

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