People Property Place

What does it take to walk away from a successful private-equity career and build your own real-estate investment platform from scratch? This week, I sat down with Anthony Maxwell-Jones, Founder & Managing Partner at Valorem Investment Partners, to unpack his journey from the early days at Mercer / Castleforge to founding Valorem - and what he's learned along the way about timing, risk, and backing yourself. Anthony has quietly built one of the UK's most interesting boutique investment platforms, deploying over £80 million across offices, student, residential, hotel, and strategic-land assets - achieving a 20 % IRR and 2.2× MOIC. We discuss how he spotted opportunity in the wake of the GFC, why he left a newly raised fund to go it alone, and the lessons that came from building Valorem through Brexit, Covid, and a volatile rate cycle. ⸻ Key Topics Covered In This Episode: ✅ From Castleforge to Valorem - How Anthony transitioned from analyst to entrepreneur ✅ The Leap - What gave him the confidence to found his own firm at 27 ✅ Covid Chaos - How a "malicious virus clause" saved a £90 million office scheme ✅ Family Office Capital - Building trust, track record & long-term partnerships ✅ Discipline & Patience - Investing through a stagnant market without pressure to deploy ✅ Future Focus - Why defence infrastructure and core-plus offices are on his radar ⸻ Oh, and one last thing… In every episode, I ask each guest: Who are the People, what Property, and which Place they'd invest in if they had £500 million at their disposal? Anthony's answer did not disappoint 👌 Got any thoughts or questions about this podcast? Drop them in the comments - I'm always up for a chat! And if you're enjoying what I'm putting out, don't forget to hit subscribe and turn on the notification bell so you never miss an episode. The People Property Place Podcast is powered by Rockbourne – Recruiting Leadership & Future Leadership hires for Real Estate Funds, Owners, Investors & Developers. 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE 👉 http://peoplepropertyplace.com/

José Pellicer, Founder Partner at Evonite, is a seasoned real estate strategist with a rich history in investment banking. He dives into the implications of de-globalisation on real estate, highlighting the need for strategic adaptability in a changing market. José critiques popular thematic investing and emphasizes finding opportunities in mispriced assets like mid-tier offices. He draws parallels between historical market cycles and today's uncertainties, advocating for a well-rounded approach to risk management. Finally, he shares intriguing contrarian investment ideas.

Christophe Garbe, Managing Partner of GARBE, leads a pan-European real estate platform with a focus on logistics and emerging asset classes. He shares insights on scaling the family-run company from Hamburg to a €15 billion powerhouse spanning 13 countries. Christophe discusses navigating the Global Financial Crisis and the strategic decisions behind GARBE 2.0, emphasizing the importance of a decentralized model for growth. He also explores diversifying into residential and tech sectors, leveraging institutional relationships, and the significance of hiring top talent.

What happens when billions of pounds of pension money flow into real estate? Can creative deal structures solve the UK's housing and regeneration challenges in a high-rate environment? This week, I sat down with James Agar, Head of Real Estate Origination at PIC Capital, the investment arm of Pension Insurance Corporation plc, to unpack how institutional capital is reshaping housing, regeneration, and long-income strategies across the UK. James takes us inside PIC's £50bn balance sheet and explains how his team sources, structures, and deploys capital across Build to Rent, affordable housing, senior living, and major regeneration schemes like Miller's Quay. We discuss how regeneration leases and innovative financing models are unlocking projects, how ESG and social value are being embedded into institutional strategies, and why the lines between real estate and infrastructure are blurring faster than ever. Key Topics Covered In This Episode: ✅ Institutional Capital in Action – How PIC invests £50bn into long-term, inflation-linked real estate ✅ Regeneration Leases – Creative structures unlocking major housing and urban projects ✅ Affordable Housing – Partnerships with Homes England and Muse to deliver low-carbon schemes ✅ BTR & Living Sectors – Why single-family housing and suburban BTR are key growth areas ✅ Viability Challenges – Making deals stack in a high interest rate world ✅ ESG & Social Value – How PIC aligns pension liabilities with real-world impact ✅ Real Estate vs Infrastructure – The blurring lines shaping future investment strategies Oh, and one last thing… In every episode, I ask each guest: Who are the People, what Property, and which Place they would invest in if they had £500m at their disposal? James's answer did not disappoint 👌 Got any thoughts or questions about this podcast? Feel free to share them in the comments — I'm always up for a chat! And if you're enjoying what I'm putting out, don't forget to hit subscribe and turn on the notification bell so you'll never miss an episode. The People Property Place Podcast is powered by Rockbourne – Recruiting Leadership & Future Leadership hires for Real Estate Funds, Owners, Investors & Developers. 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE 👉 http://peoplepropertyplace.com/

Manish Gudka, CEO of Aprirose, shares insights from his unique journey in real estate, transitioning from a family-run soap business in Kenya to managing around £1bn of assets. He discusses pivotal moments like the 2007-09 financial crisis, emphasizing the importance of resilience and investor trust. Manish reveals his innovative approach to long-term partnerships over blind-pool funds, and reflects on mentorship under his father and collaboration with his wife. Their focus on income-generating assets illustrates a strategic vision rooted in family values.

From billion-euro retail deals to leading Europe's largest apartment hotel operator, and now steering one of the fastest-growing healthcare real estate platforms, Simon Betty's career has spanned multiple cycles, asset classes, and countries. In this episode, Simon shares how his early career choices set him on a path into retail, how he navigated Hammerson through some of its most challenging moments, and what it was really like to run the €2.5B Project Jewel transaction in Ireland. We dive into the lessons he learned leading through the brutality of Covid, why the macro always wins in real estate, and how healthcare has become one of the most thematically supported sectors in Europe today. This is a candid conversation about deals, leadership, and how to thrive in sectors that are built for the future. Key Topics Covered In This Episode: ✅ Project Jewel – Inside the high-stakes €2.5B Ireland loan portfolio acquisition ✅ Retail Realities – The brutal impact of Covid and the £800M rescue rights issue ✅ Macro vs Micro – Why timing beats talent in determining real estate returns ✅ Leadership Lessons – How saying "yes" shaped his career across multiple sectors ✅ Hospitality Shift – What running Adina taught him about operations and culture ✅ Healthcare Growth – Why cure-based facilities are becoming Europe's next big asset class ✅ The Future – Where capital is heading in European real estate over the next decade Oh, and one last thing… In every episode, I ask each guest: Who are the People, what Property, and which Place they would invest in if they had £500m at their disposal? Don't miss Simon's answer in this episode! Got any thoughts or questions about this podcast? Feel free to share them in the comments, I'm always up for a chat! And if you're enjoying what I'm putting out, don't forget to hit subscribe and turn on the notification bell so you'll never miss out on the next podcast. 🎧 Listen On: Spotify: https://open.spotify.com/show/6oCDnwWSTP685l6sn8F0a6 Apple Podcasts: https://podcasts.apple.com/us/podcast/people-property-place/id1652694140 The People Property Place Podcast is powered by Rockbourne – Recruiting Leadership & Future Leadership hires for Real Estate Funds, Owners, Investors & Developers. You can also connect with me on social media, I'd love to hear from you there too. Thanks again for hanging out with me! Subscribe To My Channel For More Videos: https://www.youtube.com/channel/UCLeY7xnoJ08uYlGb-Y0j96A 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE ► Rockbourne Website: www.rockbourne.com ► PPP Podcast LinkedIn Page: https://www.linkedin.com/showcase/people-property-place-podcast/about/?viewAsMember=true ► Matthew Watts LinkedIn Profile: https://www.linkedin.com/in/matthew-watts-51575a57/ ► Business Enquiries: mwatts@rockbourne.com

Leo Shapland, Chief Executive of the King’s Cross Group, shares insights from his extensive career in real estate. He recalls how the regeneration of Shad Thames inspired him to enter the field. Leo discusses his pivotal roles at Brookfield, Tishman Speyer, and Aviva, reflecting on lessons in capital raising and mixed-use development. He delves into the unique challenges of managing the expansive King’s Cross estate, which attracts 20 million visitors annually, and shares his perspectives on navigating today’s fluctuating market dynamics.

Jay Kwan, Managing Director at QuadReal Property Group, shares his journey from humble beginnings in LA to leading real estate investment across Europe. He discusses navigating capital cycles and the importance of cultural alignment in partnerships. Jay reveals insights on overcoming market uncertainties, sector convictions, and the flexibility of long-term capital. He emphasizes the potential of oversold sectors, mentions the evolving dynamics of retail and office spaces, and highlights the significance of having mentors outside your organization.

James Craig, Co-Founder of Oval Real Estate, shares his entrepreneurial journey in the diversified real estate market. He discusses how he pivoted from surveying to property trading, learning to manage and exit deals across Europe. James highlights the significance of building high-trust partnerships and navigating complex projects, particularly in Birmingham's C Factory revitalization. He provides insights on market dynamics, emphasizes the importance of public-private collaboration, and encourages aspiring entrepreneurs to embrace risks in their ventures.

Kevin Mofid, Head of Industrial & Logistics Research at Savills, brings a wealth of knowledge on the UK and European logistics markets. He delves into the evolving role of research in real estate, emphasizing its importance as a strategic tool. Kevin discusses the pressures on build-to-suit deals and rising vacancies despite strong demand. He highlights trends in nearshoring, speculative development, and the growing secondhand stock, ultimately providing insights on the future of industrial demand and the impact of online retail on logistics.