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Where will our children live?

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HALF DAY CONFERENCEDATE Thursday 5th February 2015TIME 8am - 12.30pmADDRESS Grain Store, Granary Square, King’s Cross, London

Delegate Programme

UKPF SPONSOR

Welcome to The Grain Store

London Property Forum is three years old! Congratulations, although the core issues which we first talked about in respect of providing housing for middle income earners and the exploration of new designs which could help generate the magic 42,000 new London home’s, are as distant today in 2015 as they were in 2012 when we first started planning the London Property Forum.

London continues to grow to record numbers, attracting people from across the globe in search of the ‘golden ticket’ that will provide entry to personal success and prosperity. However, there is a disconnect between the dream of wanting to live in London and the ability to buy a home, one of the basic planks of British society. My home is my castle, is starting to sound like a distant goal for our children’s generation. This morning’s conference is about exploring the current situation but also providing solutions from a selection of Key Note speakers.

Matthew Battle, Director, UK Property Forums

Future Dates for 201520th March Election Special Breakfast with Rt Hon Alok Sharma MP Reading West and Chris Carter-Keall, Oxford Properties.14th May Thames Valley Property Forum Awards10th September Thames Valley Property Forum21st - 23rd October MIPIMUK Thames Valley Stand

For more details access and bookings visit ukpropertyforums.com

Speakers include

MARK EASTON BBC Home Affairs

Correspondent

RICHARD BLAKEWAY Mayor of

London’s Office

KATE DAVIES Nottinghill Housing

Trust

ROBERT EVANS Argent Group LLP

Where will our children live?

This housing shortage pushes up prices and rents, worsening access and affordability, increasing housing need and ultimately undermining London’s growth and competitiveness. So providing enough new homes for London is every bit as vital to its continued economic success as providing the transport, power and water infrastructure that keeps the city running.

There has been a historic failure over thirty years to build enough homes. Addressing the housing shortfall will require long-term commitment, and the draft London Housing Strategy and Further Alterations to the London Plan set out the Mayor’s plans to meet this challenge. They include an ambition to increase supply to at least 42,000 new homes per annum, of which

17,000 should be affordable. This would represent a level of housebuilding unseen in the capital since the 1930s and requires a very different market and system to the one we had before the 2008 crash.

Together with a continued commitment to high design standards and affordability, this ambition inevitably raises questions over deliverability: where will the funding come from, is there sufficient land for these homes and has the industry the capacity to build them?

l Public spending will remain constrained, so the strategy has been developed to ensure excellent value for money, leveraging maximum funding from all sectors, including new investment partners. But we also need a secure long-term financial settlement from government, including more borrowing powers and autonomy over property taxation. This would enable the Mayor, boroughs and housing providers to plan ahead for a sustainable programme of home building.

l More land must be brought forward to support delivery. We will prioritise and accelerate the development of Opportunity Areas and create new Housing Zones, along similar lines to Enterprise Zones and will work with boroughs on the intensification of town centres and the re-designation of industrial land, in line with London Plan policy. The London Development Panel will provide fast and cost effective procurement of public sector landholdings and we will also support innovative deals on our own landholdings to increase housing supply.

l London also needs a development industry that can deliver more homes. We will encourage new entrants to the market and work with boroughs to help unblock stalled sites, with ‘use it or lose it ’ planning permissions. Non-developing housing associations will be encouraged and assisted to unlock their financial capacity and the Mayor will also support increased institutional investment into new private rented housing.

However, the Strategy is not just about building more homes – it is also about how we use those homes to support London’s economy and its workers. The Strategy sets out how to improve the housing offer for workers across all tenures by increasing the supply of and opening up access to intermediate housing, raising standards in the private rented sector through the London Rental Standard, supporting existing home owners and leaseholders and giving greater priority to working households in social housing allocations.

RICHARD BLAKEWAYDeputy Mayor for Housing, Land and Property, Greater London Authority

London’s population is increasing, its economy is growing, its jobs market is thriving and its social and cultural life has never been more exciting. This remarkable success, however, comes at a price – there is now a massive shortage of good quality homes affordable to those who want to live and work here.

Conference Attendees NAME TITLE COMPANY

Doreen Wright Development Director A2Dominion GroupNicole Huby Group Development Director A2Dominion GroupNick Yeeles Executive Director A2Dominion GroupBen de Waal Head of Residential AECOMRoss Shute Regional Director AECOMSimon Kaufman Director, Residential & Commercial Architecture AECOMSteve Johns Director, Buildings & Places AECOMRichard Williams Business Development Director AECOMJim Strike Business Development AECOMSarah Elliot Senior Planning Director AECOMAndrew Jones Practice Lead, Design, Planning Economics AECOMRobert Evans Partner Argent LLPFrank Drew Project Director Argent LLPRachel Caltagirone Senior Project Director (Marketing) Argent LLPTom Goodall Project Director Argent LLPRosie Cade PR & Comms Argent LLPAnna Strongman Senior Project Director Argent LLPSteve Alderson Senior Project Director (Marketing) Argent LLPAnthony Peter Project Director Argent LLPMartin Scholar Planning Manager Barratt LondonVictoria Bullock Director Barton WillmoreEmma Norton Marketing and Communications Officer Barton WillmoreIain Painting Senior Planning Partner Barton WillmoreRobin Shepherd Planning Partner Barton WillmoreMark Easton Home Editor BBC NewsStephen Brett Senior Land Buyer be:hereTravis Crawford Senior Development Manager Berkeley HomesJames Walker Director of Affordable Housing Berkeley Partnership HomesTony Bowhill Planning Consultant Bowhill Planning PartnershipGhislaine Halpenny Associate Director British Property FederationMerrick Marshall Director of Asset Management Cadogan GroupMartyn Evans Marketing Director Cathedral GroupBen Rogers Director Centre for LondonClair Rickaby Senior Underwriter Conveyancing Risk SolutionsChessie Healey Marketing Assistant Conveyancing Risk Solutions Nicholas Boys-Smith Director Create StreetsDavid Currie Senior Associate CundallJulian Barwick Executive Director Development SecuritiesLucy Grimble Communications Manager Development SecuritiesJon Gooding Chief Operating Officer Dolphin Square FoundationOlivia Harris Finance Director Dolphin Square FoundationAlex Glenister Head of Acquisition + New Business Dolphin Square FoundationSam While Development Manager Dolphin Square FoundationKatherine Hibbert Founding Director DotDotDot PropertyPete Boardman Director Dunbar + BoardmanGary Avis Regional Director - London South East Dunbar + BoardmanChris Meering Regional Director-International Special Projects Dunbar + BoardmanSimon Kaufman Director Residential & Commercial Architecture EMEADamian Wild Editor Estates GazetteSue Brown Senior Managing Director FTI ConsultingEmma Garner Director GKA LtdMichael Collins Chief Executive Officer Goldcrest Land PlcJacqui Macqueen Design Director Goldcrest Land PlcPamela Reid Development Manager Goldcrest Land PlcBen Leek Acquisitions & Development Director Goldcrest Land PlcTim Reid Managing Partner Good Relations Property

Conference Attendees

NAME TITLE COMPANY

Richard Blakeway Deputy Mayor of Housing, Land & Property Greater London AuthorityFiona Duncan Head of Area Greater London Authority David Lunts Executive Director, Housing & Land Greater London AuthorityCharles Horne Technical Director London Development Projects Grosvenor EstateMike Johnson Development Director Hyde HousingEmma Germain Senior Account Manager Infinite SpadaRichard Petty DSH Governor JLLJohn Cook Principal John CookLucy Jones Partner Knight FrankDavid Mumby Regional Partner Knight FrankLinda Convery Partner Lewis Silkin Judith Damerell Partner & Head of Planning Lewis SilkinGillian Bastow Partner Lewis SilkinBen Halsey Managing Associate Lewis SilkinDavid Lawrence Marketing & Business Development Manager Lewis SilkinAman Sahota Associate Lewis SilkinClare Reddy Partner Lewis SilkinJohn East Director of Housing Provision London Borough of NewhamCllr Alan Strickland Cabinet Member Regen + Housing London Borough of HaringeyGenevieve Macklin Head of Strategic Housing London Borough of LewishamCraig Luttman Assistant Director, Land & Acquisitions London and Quadrant Housing TrustSarah Conway Solicitor Maurice Turnor Garner LLPVal Bagnall Head of New Business Network HousingKate Davies Chief Operating Officer Notting Hill Housing TrustVictoria Hills Director Old Oak & Park Royal Development CorporationPeter Jennings Director Piercy & CompanyRoger Wilshaw Director of Policy, Research & Public Affairs Places for PeopleLucian Smithers Director of Sales & Marketing Pocket LivingPaul Harbard Director Pocket LivingJackie Ferguson Managing Director Pringle BrandonAndy Von Bradsky Chairman PRPDavid Crump Director Project Management QuintainRobert Dalziel Founding Director Rational HouseTim Battle Founding Director Rational HouseNigel Ostime Director Rational HouseMary-Jane O’Neill Director Renaissance PlanningCrisie Gizzi Business Development Manager Rider Levett BucknallCllr Rock Feilding-Mellen Deputy Leader of the Council Royal Borough of Kensington & ChelseaPaul Miller Managing Director Superior RoofingGeoff Pearce Exec Director of Regeneration Swan Housing GroupDavid Pelle Senior Land Manager Taylor Wimpey PlcGuy Burnett Development Director Thames Valley HousingSimon Dow DSH Chairman The GuinnesPartnershipJonathan Cornelius Senior Property Development Manager Transport for LondonAmy Charles Project Director UK Property ForumsSarah Rutt Communications Director UK Property ForumsDavid Spinks Photographer UK Property ForumsMatthew Battle Director UK Property ForumsLee Mallett Director UrbikYvonne Thomson Operations Director Wandle Housing AssociationFergus Coleman Housing Association Supply Manager Westminster City CouncilDaniel McCarthy Head of Housing Strategy Westminster City CouncilLisa O’Donnell Head of Spatial & Environment Planning Westminster City CouncilTristan Samuels Head of Major Projects Westminster City CouncilDean D’Eye Founder Your London Base

We asked a number of contributors to the London Residential Property Forum for their views on the key issues affecting the capital and whether we need reform or revolution to resolve these.

According to JON GOODING, the Chief Executive of Dolphin Square Foundation, there is no point in continuing to “wring our hands and cite statistics”. He says we’ve spent far too long simply tinkering around the edges of

the problem, trying to effect change through the planning system and believes something more radical is called for.

“We can’t regulate demand, so we need to look at how we can bring forward increased supply,” he says. “There’s a massive structural problem and we would need the largest housebuilding programme since the Second World War just to stand still.”

Gooding believes the 32 London boroughs acting as independent entities is simply not sustainable: “We absolutely have to look at the problem on a pan-borough basis; having different policies for affordable housing in each borough is nonsense,” he says. “Millions of Londoners cross borough boundaries every day; the vast majority live in one borough and work in another, but the thinking on housing provision doesn’t reflect this. We need to think about off-site delivery of 106 obligations across Borough boundaries.”

He also believes there is a massive opportunity to bring institutional investment into affordable housebuilding in the same way as PRS has done. “We need to realise that we can raise substantial funds to invest in affordable housing, but institutions will want to invest on a scale that is meaningful for them and that is probably measured in hundreds of millions.“ He believes that housing associations have a crucial role to play in that. “I can see a structure developing where we are channelling large amounts of institutional funding through the Housing Associations who are increasingly entrepreneurial and have the expertise to deliver the homes on the scale that we need.”

While Jon Gooding’s organisation has great concern about the potential “hollowing out” of central London, JULIAN BARWICK Director of Developments Securities is less certain, pointing out that this has been the case for very many years.

“While it’s true that larger areas of central London are now unaffordable, I’m not convinced that focusing on these

is the solution,” he says. “We need to look further afield where there is actually the potential to build large volumes of housing.” He points to Stratford as a good example of somewhere where putting the infrastructure in place has enabled the housing to be added. And we can look further out, “When Crossrail is complete Slough, for example will effectively become part of London in the broader sense. This is where we can really make a dent in the housing numbers and provide places that are affordable with easy access to central London.”

Barwick also cites increasing the land supply as vital. “Our [Dev Secs/Cathedral] stated view that green belt should not be regarded as sacrosanct” he says. The firm has also been at the head of a campaign to free up the vast swathes of land that are in public ownership and make them available for housing.

Barton Willmore’s VICTORIA BULLOCK takes this a step further. She believes that a return to some form of state provision of housing is needed to meet housing need, pointing out that national housebuilding is fairly static delivering around 200,000

homes per year – around half the level of peak provision in the 1970s.

“Believing that the ‘market’ will deliver enough stock to meet need is a myth,” she argues. “Scarcity is good for prices and for profit margins so, left to its own devices, the market will deliver what it wants.”

She accepts that there will not be a return to the public sector delivering a large proportion of housing need. “Local councils simply don’t have the skills now to deliver 100,000 or 200,000 homes each year in the way they used to so joint ventures of some sort will be inevitable. However, there will need to be greater intervention from Government in the form of large scale compulsory purchases of land which can then be sold in parcels to housebuilders. By lowering the risk for these companies, the Government is then in a position to set base levels of profitability. These might be say 15% which is a lot lower than some achieve now but still perfectly respectable.”

She agrees with Julian Barwick that London has always been a polarised city and argues that there isn’t the land to meet all of London’s housing needs within the geographical confines of the capital, but says, “If we accept this argument then we’ll need to see a return to regional planning. We also need to find a way to de-politicise the issue as housing need outlasts the political cycle. Whichever party or parties are in power, people still need homes.”

Reform or Revolution: How do we solve the housing crisis?Housing, and in particular addressing the shortage of homes in London and other cities, promises to be one of the hottest topics in the run up to May’s General Election. The number of column inches devoted to the subject is growing daily as journalists, pundits and august figures from all sectors of the industry offer their analysis and solution.

Today’s Conference Programme

8am Arrivals The Grain Store, Granary Square, King’s Cross, London

8.30 Introductions MATTHEW BATTLE Director, UK Property Forums

8.35 Setting the Scene – Importance of Todays Conference. MARK EASTON, BBC Home Editor

8.45 London’s Hollow Promise – Arrival of the Endies. BEN ROGERS, Director, Centre for London

8.55 The Here and Now RICHARD BLAKEWAY, Deputy Mayor for Housing Land and Planning, Mayor of London’s Office l KATE DAVIES, Chief Executive, Notting Hill Housing Trust l JON GOODING, Chief Executive, Dolphin Square Foundation l CLLR ALAN STRICKLAND, Cabinet Member Regeneration & Housing, London Borough of Haringey l DAMIAN WILD, Editor, Estates Gazette l The Floor – encourage audience 9.55 Comfort Break

10.00 Reform or Revolution l ANDREW JONES, Director, AECOM l JUDITH DAMERELL, Partner and Head of Planning, Lewis Silkin l JULIAN BARWICK, Executive Director, Development Securities l ROBERT EVANS, Director, Argent Group l IAIN PAINTING, Senior Planning Partner, Barton Willmore

10.55 Decision Time – Vote: Reform or Revolution

11.00 Move upstairs to the Argent HQ conference space and see model. Coffee served.

11.15 The LPF Residential Challenge: Top 5 challenges that LPF should take into the General Elections and also in preparation for the London Mayor Elections in 2016.

12.30 Close Out + Tour with Argent

v

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Centre for London is the think tank for London.

Through research and events, the Centre acts as a critical friend to London’s leaders and policymakers, promotes a wider understanding of the challenges facing the capital, and develops long-term, rigorous and radical policy solutions. The Centre is politically independent and a registered charity.

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Argent is a property developer. We make places for people.

Since 1981, we have delivered major commercial, residential, education, cultural and community developments in the UK’s largest cities. City-scale, mixed use development is our particular strength.We are involved in the full development process – from identifying and assembling sites, developing designs and obtaining planning permission through to financing, project management of the construction process, letting, asset management and (sometimes) selling. We also manage and maintain buildings and estates.We put an enormous amount of thought and effort into making places that are enjoyable, vibrant and welcoming. Places that have a human scale, that respect their history and context and connect well with their surroundings and the local community.

To us, this is the key to creating successful places – where people want to live, to work and to be.

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Whether vertical or horizontal transportation, or access equipment, Dunbar and Boardman provide bespoke solutions for global clients working across the built environment...

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Dunbar and Boardman are the elevator, escalator and access equipment consultancy.

Whether vertical or horizontal transportation, or access equipment, Dunbar and Boardman provide bespoke solutions for global clients working across the built environment...

www.dunbarboardman.com@DunbarBoardman

Dunbar and Boardman are the elevator, escalator and access equipment consultancy.

Whether vertical or horizontal transportation, or access equipment, Dunbar and Boardman provide bespoke solutions for global clients working across the built environment...

www.dunbarboardman.com@DunbarBoardman

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