Working on behalf of Buccleuch Property and Argon Health to deliver a substantially refurbished administrative and medical facility for the local NHS Trust.
A forward commitment subject to completion of specific works.
Forward funding a ground rent as part of the capital stack to facilitate the development of a 74 bedroom hotel in Chester.
Acting on behalf of PGIM Real Estate (UK) Limited.
As part of our retained remit on behalf of PGIM Real Estate (UK) Limited, developing in collaboration with Harbour Hotels to expand their operational portfolio through the use of ground rent funding. A relationship that commenced with Guildford and followed with Salcombe, Sidmouth, Christchurch, Brighton, Chichester, Southampton, Bristol, St Ives, Padstow and Fowey.
The outline structure to refinance the Principal Hayley portfolio was scribbled down whilst walking past the George Hotel. Two years later, a restructure of the business, working with the operator, combining ground lease creation and debt to de-gear the operational cost to the business concluded in December 2011.
The George Hotel, (InterContinental Edinburgh The George) The Hotel Russell (Kimpton Fitzroy London) The Met Hotel Leeds, The Royal York (Principal York/The Milner York) The Palace (Kimpton Clocktower Hotel Manchester) and Selsdon Park have all benefited in the intervening years from combining core valuation principles and innovative funding models to corporate financing.
Prior to establishing hendersonherd, Steven was the UK Board member of BNP Paribas Real Estate responsible for both the Scottish operation and all transactional business throughout the UK.
During 20 years with Weatherall Green and Smith, Steven jointly developed a London based insolvency department and was appointed head of the Scottish business in 1996.
Developing a property insolvency business within a free falling market early in his career instilled an appreciation of core property values. His 12 year tenure of the Scottish operation created a sustainable, multi-disciplinary business, designed to profit from the dynamics of occupier, investor and financial markets. This business became one of the most consistently profitable in BNP Paribas Real Estate.
Steven’s decision to establish hendersonherd was based upon a desire to further develop a property consultancy business, where client’s requirements can be optimised without the limitations of a traditional property consultancy business.
Throughout his career, transacting property has been the focus. It remains his view that in the right hands, property is a simple asset class, it is people and circumstance that present both the challenge and the opportunity.
Steven is a graduate of Aberdeen University and a qualified Chartered Surveyor. He attained the dubious honour of third place in the Property Week Awards UK Young Property Person of the Year, 1999, about the same time this photo was taken.
DD: 0131 226 XXX
M: 07XX XXX XXXX
E: Calum.Flockhart@hendersonherd.co.uk
Prior to establishing hendersonherd, Steven was the UK Board member of BNP Paribas Real Estate responsible for both the Scottish operation and all transactional business throughout the UK.
During 20 years with Weatherall Green and Smith, Steven jointly developed a London based insolvency department and was appointed head of the Scottish business in 1996.
Throughout his career, transacting property has been the focus. It remains his view that in the right hands, property is a simple asset class, it is people and circumstance that present both the challenge and the opportunity.
DD: 0131 226 4014
M: 0751 537 6733
E: Steven.Herd@hendersonherd.co.uk
Also of Weatherall Green and Smith lineage, David started his career in London in 1992, transferring to the firm’s Scottish office in Edinburgh in 1998. By 2008, when he left to establish hendersonherd, David was Director responsible for investment in Edinburgh.
David views real estate as a reservoir of capital which can be exploited by both occupiers and investors at different stages of the economic cycle. The dynamics of property investment and funding continue to change and this provides scope for innovation and new solutions. David’s ability to combine his knowledge of the real estate investment market with the priorities of an occupational balance sheet means that his advice is sought by both private and public sector occupiers, as well as the wider property investment community.
David is a graduate of Cambridge University and holds an MBA from the University of Edinburgh. He qualified as Chartered Surveyor in 1994.
DD: 0131 226 4015
M: 0778 9778 838
E: David.Henderson@hendersonherd.co.uk