This week, I sat down with Michela Hancock to unpack the journey from psychology graduate to property entrepreneur, and how she helped pioneer institutional build to rent in the UK long before it was widely accepted.

Michela is the Co-Founder and CEO of Hilltop Property Partners. Before launching Hilltop, she worked across US and UK real estate, including early exposure to multifamily housing in the United States, and later bringing that institutional rental mindset into the UK market at a time when many believed renting would never become a lifestyle choice.

In this conversation, Michela shares how growing up in a family business shaped her entrepreneurial mindset, and why she made the difficult decision to pivot away from a career in clinical psychology after years of study. That willingness to change direction led her into real estate development, where she combined US multifamily experience with a long term conviction around UK rental housing.

We explore the early days of institutional build to rent in the UK, when pension funds and advisors were sceptical, and Michela was repeatedly told that everyone in Britain wanted to own rather than rent. She explains how she built conviction around demographic change, quality rental supply gaps and the concept of renting as a lifestyle choice.

The conversation then moves into Hilltop's strategy, targeting the so called squeezed middle and key worker demographic, where the need for high quality, attainable rental housing is most acute. Michela outlines the viability pressures facing mid market rental delivery today, and why building now into a supply constrained environment could create long term opportunity.

We also discuss capital raising in a global market where UK development competes for attention and allocation, and why resilience, persistence and finding the right partner can be more important than finding hundreds of investors. Michela shares candid lessons on entrepreneurship, including the advice she received that starting a business is like being in a rowboat with no oars, and why she chose to do it anyway.

This is a conversation about conviction, mid market housing, entrepreneurship and building through difficult cycles.

Key Topics Covered in This Episode

✅ From Psychology to Property

Why Michela pivoted careers after years of study and what that taught her about risk and conviction.

✅ Early Institutional Build to Rent

How she introduced US multifamily thinking into a sceptical UK market.

✅ Renting as a Lifestyle Choice

Challenging the assumption that everyone wants to own.

✅ The Squeezed Middle Opportunity

Targeting key workers and mid market rental housing in a viability constrained environment.

✅ Raising Capital in a Global Market

Why alignment and persistence matter more than volume.

✅ Building Hilltop Property Partners

Entrepreneurship, partnership and long term platform thinking.

✅ Resilience and Founder Mindset

The "never leave your chair" philosophy and showing up every day.

And of course, I asked Michela the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers. 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE 👉 http://peoplepropertyplace.com/

This week, I sat down with Andrew Hynard to unpack a corporate career that spans more than three decades at JLL, the chief executive leadership of one of London's most prestigious estates, and a post-executive chapter advising some of the most interesting property businesses in the UK.

Andrew spent the majority of his career at JLL focused on Capital Markets, ultimately becoming Deputy Chairman of the UK business. He later became Chief Executive of The Howard de Walden Estate, overseeing 90 acres in Marylebone with a portfolio heavily weighted toward private healthcare in and around Harley Street. Today, he advises businesses including Clipstone Investment Management, Howard Group, Orega, Taurus Developments and Love Ventures, a VC investor in early stage technology companies 

In this conversation, Andrew reflects on growing up as the son of a surveyor in Hastings and deciding at just ten years old that property would be his path. We explore his early decision to specialise in investment rather than rotate through departments, and why he later regretted not gaining broader technical grounding despite accelerating his capital markets career.

We go deep into his time at JLL, including the cultural and strategic forces behind the merger with King Sturge, how he navigated internal politics without burning bridges, and why playing the long game and treating people with decency became his defining leadership philosophy.

Andrew also shares the transition from advisory to client side when he became CEO of Howard de Walden, what it really means to run a £3–4 billion estate in one of London's most complex submarkets, and why attracting world class healthcare operators like Cleveland Clinic was a defining moment.

We then turn to today's market. Andrew gives a candid view on the state of UK real estate, the leadership reset across major advisory firms, where growth is actually coming from, why income will dominate returns for the foreseeable future, and why he believes we are approaching an inflection point rather than a falling knife moment.

Finally, we explore his portfolio of advisory roles, his work in venture capital, and why mentoring the next generation is one of the most important investments he now makes.

Key Topics Covered in This Episode

✅ From Hastings to Deputy Chairman

How Andrew set his sights on property at age ten and built a 30+ year capital markets career.

✅ The King Sturge Merger

The first conversation that led to one of the most significant UK advisory mergers of the past two decades.

✅ Advisory vs Client Side

What changes when you move from broker to principal and how to make that transition successfully.

✅ Leading the Howard de Walden Estate

Healthcare, tenant mix strategy, stakeholder management and long term estate stewardship.

✅ The State of the UK Market

Flat growth, tentative optimism, income driven returns and why 2025 could be a turning point.

✅ Leadership Change Across UK Agencies

Why so many CEOs have changed and what the next generation must get right.

✅ Building a Post Executive Portfolio

Advisory roles, venture capital, mentoring and giving back to the industry.

And of course, I asked Andrew the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

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👉 http://peoplepropertyplace.com/

This week, I sat down with Pavel Streblov to unpack how one of Central Europe's most established private real estate groups is entering the UK market, why London still matters, and what it really takes to build and deliver at scale as a developer in today's environment.

Pavel is Business Director at Penta Real Estate, a privately owned investment group founded by five university classmates, with major interests spanning healthcare, banking, media, and large scale urban real estate. Pavel leads Penta's UK platform and is responsible for its expansion into London, bringing institutional capital, long term thinking, and a developer led mindset into a market facing structural supply constraints.

In this conversation, Pavel explains why Penta chose to expand beyond its home markets in the Czech Republic and Slovakia, how the group reached scale domestically, and why development requires a fundamentally different approach to buying standing assets. We explore why building a credible pipeline matters more than one off success, and how local knowledge, council dynamics, and delivery track record determine whether a developer is taken seriously.

We discuss Penta's first major UK move, a joint venture with Ballymore across two residential schemes totalling around 700 homes and approximately £700 million of development value. Pavel shares how Penta thinks about quality, amenity, and long term ownership, and why entering the market at the bottom of the cycle can create asymmetric opportunity when supply is constrained.

The conversation also goes deep on the UK market itself. Pavel offers a blunt comparison between the UK and the Czech Republic, explaining how stamp duty, transaction costs, and mortgage pricing actively discourage ownership and push local buyers into renting. We unpack Gateway 2, viability pressure, delivery delays, and why flexibility and speed of decision making have become critical advantages in a market full of stalled and so called zombie projects.

We close by looking ahead. Pavel explains how Penta is already using AI in early stage design and option testing, and why being a developer ultimately requires optimism. If you fully price every risk, nothing ever gets built.

Key Topics Covered in This Episode

✅ Why Penta Chose the UK

How scale limits in home markets pushed Penta to expand and why London stood out.

✅ Development Versus Standing Assets

Why development is a long term commitment that requires local conviction and pipeline depth.

✅ The Ballymore Joint Venture

700 homes, £700m of value, and why scale matters from day one.

✅ Ownership, Stamp Duty and Market Friction

Why UK tax structures discourage buying and reshape demand dynamics.

✅ Gateway 2 and Viability Pressure

How regulation and delays are constraining supply and reshaping opportunity.

✅ Zombie Projects and Flexible Capital

Why creativity, speed, and structure now unlock returns.

✅ AI and the Developer Mindset

How technology supports decision making and why optimism still matters.

And of course, I asked Pavel the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

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👉 http://peoplepropertyplace.com/

This week, I sat down with Dr. Kate Jarvis to unpack a journey that spans childhood instability, academic rigour, early machine learning, and the building of an AI native platform designed to fundamentally change how real asset decisions are made.

Kate is CEO and co founder of Fifth Dimension, a technology company powering decision making across real assets, underwriting, asset management and portfolio strategy for some of the world's largest real estate and investment organisations. With a PhD from Stanford and more than fifteen years building machine learning backed businesses across the US, UK and Europe, Kate sits at the intersection of deep technical expertise and real world operational experience.

In this conversation, Kate shares how growing up with her family home repossessed at a young age shaped her relationship with risk, security and institutions, and why those early experiences still influence how she builds businesses today. We explore her path through linguistics and early AI research, long before machine learning became mainstream, and how understanding language, prediction and inference laid the foundations for her later work in real assets.

We discuss how Kate entered real estate through shared ownership and institutional capital deployment, where she encountered the reality of manual underwriting, endless spreadsheets, PDFs and investment committee drag. That frustration became the catalyst for Fifth Dimension. Kate explains why most AI tools fail in regulated, high stakes environments, why auditability matters more than automation, and how Fifth Dimension works alongside investment teams to amplify judgement rather than replace it. The conversation also looks ahead to what it really means to be AI native, who wins over the next decade, and why smaller, smarter teams may soon outperform incumbents with scale alone.

Key Topics Covered in This Episode

✅ From Instability to Resilience

How early life experiences shaped Kate's approach to risk, ambition and long term thinking.

✅ From Linguistics to Machine Learning

Why language, prediction and inference sit at the heart of modern AI and real asset decision making.

✅ Why Real Estate Underwriting Is Broken

The operational drag inside institutional real estate and why spreadsheets still dominate billion pound decisions.

✅ Building Fifth Dimension

How shared ownership, manual IC processes and frustration with legacy workflows led to an AI native platform.

✅ AI as an Amplifier, Not a Replacement

Why human judgement, creativity and context still matter and how AI should support decision makers, not remove them.

And of course, I asked Kate the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

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👉 http://peoplepropertyplace.com/

This week, I sat down with Ian Rickwood to unpack a career that spans entrepreneurship, private equity, consumer businesses, failed exits, market downturns, and ultimately the building of a long term real estate investment and capital platform.

Ian is Founder and Chairman of Henley, a fast growing private equity real estate investment and venture capital business operating across the UK, Europe and the US. Over the last two decades, Henley has invested across residential, industrial, social and supported housing, urban regeneration and large scale development, working with institutional capital, high net worth investors and operating partners.

In this conversation, Ian shares how early years in FMCG and entrepreneurial ventures laid the foundations for his approach to risk and execution, why scaling consumer businesses taught him lessons that many investors only learn later, and how navigating both successful exits and painful failures shaped his long term mindset. We discuss what it really feels like when a deal does not work, why some businesses are structurally broken regardless of management quality, and how those experiences directly influenced Ian's transition into real estate and private capital.

Ian also explains how Henley was formed out of operational experience rather than financial engineering, why long dated and complex projects can offer an edge, and how the firm thinks about platform building, partnerships and capital alignment. We explore social and supported housing, urban regeneration at scale, the challenges of deploying capital through cycles, and why conviction becomes more important as markets tighten. The conversation also touches on US expansion, joint venture models, and what experienced operators look for when backing people rather than just projects.

Key Topics Covered in This Episode

✅ From Operator to Investor

How early entrepreneurial and operating experience shaped Ian's approach to capital, risk and decision making.

✅ When Exits Do Not Go to Plan

Why some businesses fail despite strong management and what those lessons teach long term investors.

✅ Building Henley Through Cycles

How private equity thinking, real estate fundamentals and operational discipline came together.

✅ Complexity as a Competitive Advantage

Why long dated, operationally intensive and misunderstood assets can outperform.

✅ Capital, Partnerships and Conviction

How Henley approaches joint ventures, institutional capital and platform growth across markets.

And of course, I asked Ian the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

🔊 LIKE ➡ SHARE ➡ SUBSCRIBE

👉 http://peoplepropertyplace.com/

This week, I sat down with Niall Farmer to unpack an unconventional real estate career that spans retail property, residential development, masterplanning, construction, and now leading the UK platform for one of Asia's most powerful real estate and infrastructure groups.

Niall is Head of UK at Gamuda Land, part of the Gamuda Group, a global infrastructure and property developer with operations across Asia, Australia and Europe. Gamuda Land has delivered tens of thousands of homes globally and is now deploying significant balance sheet capital into the UK across offices, student housing, residential and large scale mixed use developments.

In this conversation, Niall shares how graduating into the aftermath of the Global Financial Crisis shaped his early career, why a detour into client side retail property proved unexpectedly formative, and how a mix of construction exposure, development experience and relationship building created the platform for his later moves. We discuss the pressure and perspective that comes from stepping into a family construction business during some of the toughest market conditions in recent memory, and how that experience changed his approach to risk, leadership and decision making.

Niall also explains how Gamuda Land entered the UK, what global capital really looks for when choosing local partners, and why being an "active" investor matters when deploying capital into unfamiliar markets. We explore how investment rulebooks are written, when they get broken, and what happens when conviction is tested on projects that sit well outside the original plan. The conversation touches on one of the most closely watched developments in the City of London, how large scale schemes are underwritten today, and what global investors are really trying to solve for when backing UK real estate.

Key Topics Covered in This Episode

✅ From GFC Graduate to Global Developer

How early career setbacks, unexpected roles and timing shaped Niall's long term trajectory in real estate.

✅ Retail, Residential and Construction

Why working across asset management, development and construction created a broader decision making toolkit.

✅ Inside a Global Capital Mindset

How foreign balance sheet capital approaches UK real estate, partnerships and risk differently.

✅ When Investment Rulebooks Break

Why some opportunities force investors to step outside their stated strategy and how conviction is tested at scale.

✅ Building a UK Platform for Gamuda Land

How trust, culture and local knowledge underpin long term capital deployment in unfamiliar markets.

And of course, I asked Niall the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

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👉 http://peoplepropertyplace.com/

In this episode of the People Property Place podcast, Nick Leslau, a real estate investing legend who has built and backed some of the most influential UK property vehicles of the last few decades, shares what really matters when markets turn and leverage starts to bite.

Drawing on a career spanning Prestbury, listed platforms, major exits, and multiple cycles, Nick explains why credit, not property, has always been the real risk. He reflects on early lessons from the securitisation era, the danger signals he watches in bank behaviour and loan to value ratios, and why every property crash ultimately traces back to the same place, too much debt in the system.

The conversation also explores what it takes to make decisions at scale over decades. Nick speaks candidly about insecurity, judgement, and why he has never believed success comes from being the smartest person in the room. Instead, he credits long term performance to surrounding yourself with sharper minds, staying wary of your own conviction, and keeping discipline when others chase narratives. A clear, experience led discussion on risk, capital allocation, and how People, Property and Place intersect inside real estate investing.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers. 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE 👉 http://peoplepropertyplace.com/

In this episode of the People Property Place podcast, Harm Meijer draws on decades of experience across listed real estate and capital markets to unpack how cycles really play out when sentiment turns and leverage starts to bite.

From his early career on the sell side to building ICAMAP, Harm explains why investors repeatedly misjudge market turning points, how incentives inside listed vehicles quietly shape long term outcomes, and why management alignment often matters more than the assets themselves. He reflects on the lessons learned during the Global Financial Crisis, the risks of catching falling knives, and the discipline required before capital is redeployed.

The conversation also explores why listed real estate remains structurally misunderstood today, how private equity is exploiting inefficiencies in public markets, and what most investors get wrong about liquidity, exits, and governance. Harm shares how these insights influence ICAMAP's approach across strategies, and why conviction must be grounded in fundamentals rather than narratives.

A clear, experience led discussion on risk, capital allocation, and how People, Property and Place intersect inside real estate investing.

Real Estate Rules: The Investor's Guide to Picking Winners and Avoiding Losers in Listed Property - Amazon Link

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers. 🔊 LIKE ➡ SHARE ➡ SUBSCRIBE 👉 http://peoplepropertyplace.com/

This week, I sat down with Martin Towns to unpack a career built across brokerage, private equity, institutional fund management, and now global leadership, and what it takes to scale a real estate investment platform across multiple cycles and geographies.

Martin is Global Head of Real Estate at M&G, responsible for the strategic direction and growth of a real estate business managing approximately $50bn of assets across 26 countries in Europe, Asia and North America. He has more than 20 years' experience in real estate investment management, including 15 years at M&G, and previously held roles at Close Brothers Investment Bank and Jones Lang LaSalle.

In this conversation, Martin shares how growing up in rural Scotland led him into Land Economy, why his early years at JLL and Close Brothers shaped his understanding of risk and cycles, and how living through the Global Financial Crisis fundamentally influenced his approach to leverage, structuring and downside protection. We discuss why he joined M&G when the platform was still UK focused and internally funded, and how proprietary capital was used to seed strategies that later scaled into global third party businesses.

Martin explains the evolution of M&G's residential and living platforms, the creation of its Capital Solutions business for large institutional investors, and the strategic thinking behind acquiring value add specialist Beaumont. We also explore investor behaviour across regions, the return of capital to core real estate, how global LP preferences are shifting, and what leadership looks like when you move from doing deals to setting strategy at scale.

Key Topics Covered in This Episode

✅ From Rural Scotland to Global Real Estate Leadership

How Martin's early career choices and formative experiences shaped his long term investment philosophy.

✅ Lessons from the GFC

Why understanding cycles, leverage and macro risk remains critical for institutional real estate investors.

✅ Building a Global Platform at M&G

How internal life assurance capital helped seed strategies that later scaled into multi billion pound global funds.

✅ Living, Capital Solutions and Value Add

Why residential and living assets became institutionalised and how bespoke mandates and co investment changed M&G's growth trajectory.

✅ Acquiring Beaumont

The rationale behind adding value add capability and how to integrate specialist teams without destroying culture or performance.

And of course, I asked Martin the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

🔊 LIKE ➡ SHARE ➡ SUBSCRIBE

👉 http://peoplepropertyplace.com/

This week, I sat down with Randeesh Sandhu to unpack a career that spans investment banking, real estate development, private credit, and public markets, and what it really takes to build a durable lending platform across multiple cycles.

Randeesh is Co-Founder and CEO of Precede Capital Partners, founded in 2021 as a portfolio company of TowerBrook Capital Partners. Prior to Precede, he co-founded and led Urban Exposure Plc for nearly two decades, growing it into the UK's leading residential development financier. Under his leadership, the business deployed more than £1.7bn in development finance and over £3bn in real estate finance, before floating on the London Stock Exchange AIM market in 2018.

In this conversation, Randeesh shares how he moved from credit derivatives at Deutsche Bank into real estate entrepreneurship, why underwriting discipline matters more than chasing deals, and how the post-GFC withdrawal of banks created the foundations of the UK's non bank lending market. We also discuss the realities of scaling a private credit platform, lessons from public markets, the personal cost of leadership, and how Precede is now positioning itself across large scale, living led real estate in the UK and Europe.

Key Topics Covered in This Episode

✅ From Deutsche Bank to Real Estate Entrepreneur

Why Randeesh left investment banking to build a property business and how that early leap shaped his approach to risk and conviction.

✅ Building and Scaling Urban Exposure

How the platform evolved from equity and development into private credit, and what it takes to deploy billions without capital loss.

✅ Private Credit After the GFC

Why non bank lenders emerged, how structured lending works in practice, and what institutional investors look for today.

✅ Lessons from Public Markets

What Randeesh learned from listing on AIM, navigating volatility, and why private ownership can better support long term strategy.

And of course, I asked Randeesh the big question:

Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy?

If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take.

The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

🔊 LIKE ➡ SHARE ➡ SUBSCRIBE 👉 http://peoplepropertyplace.com/