Rowan is a trusted property company and
joint venture partner
We acquire and actively manage investments that offer ‘income and opportunity’. The Rowan Philosophy is to always challenge and think creatively. Whilst dynamic in our approach, we balance this with pragmatism and a deep understanding of the market in which we operate.
Our approach is both strategic and tactical and follows a very basic formula:
Acquire → Add value → Exit/hold
relevant capital & corporate structures
Our experience shows that a consistent application can deliver sustainable returns.
We believe that close engagement with our partners is essential. As a result, we place a high importance on working in a collaborative way with partners and professional teams and use well-established working practices. We report in a clear, transparent and comprehensive manner and generate understandable business models at every stage of the investment cycle.
For 20 years Rowan has been applying its philosophy to deliver sustainable returns to our partners. It has directly transacted, raised, refinanced and held mandates for over £1bn of UK and German real estate.
During a peak period of fifteen months, Rowan undertook transactions and refinancing with a value in excess of £400m.
Identify opportunities, not problems
Driven to deliver a great product
Strong relationships provide access to more of the market
Property is a people industry
Vision to see value where others do not
From top to bottom, the right way
Surprise is to be avoided
With experience comes market access, knowledge and understanding
We ‘get it’
Highly selective investment process
A business plan has a start and an end with much in between
Deep understanding/market knowledge
Demonstrating character is important to our business and our investments
Trust is a core value
Our finger is on the pulse. Agility is often essential
Working through a number of cycles provides insight
Access to on and off-market deals
We place a high emphasis on bringing the right personalities into the team and on creating an environment where the team can excel.
From time to time Rowan has room for new people to join our journey. We will always be happy to talk to individuals or small teams who believe that they can contribute to the Rowan story or to a specific property strategy.
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Nick founded Rowan in 1997. His career in property includes extensive investment and development experience on his own behalf and at Waterglade and AMEC plcs. In the early 1990s Nick worked as a consultant to Lloyds/TSB advising on ‘bad debt’ portfolios. He is also a former Chairman of the Central London RICS Branch.
Outside of work, Nick has chaired the Board of Governors for the Bethlem and Maudsley Hospital School (for psychologically challenged children). He is an active motor-racer, winning the Silverstone 24 hour race in 2007, being a class winner in the Nurburgring equivalent and coming 7th in the National Caterham Championship as well as recently riding a motorbike and rallying a car across part of the Sahara. Nick is keen on building design and landscape gardening and is married with three children, dogs and horses.
Jason is a member of the Institute of Chartered Professional Accountants of Ontario (Canada), having graduated with BComm Hons Accounting from the University of Ottawa, Canada.
Jason joined Rowan in 2007 and previously spent four years in Bermuda working as an auditor at Deloitte, and then with Butterfield Fund Services (part of Bank of N.T. Butterfield – Bermuda’s largest independent bank) where he provided fund administration services for a variety of money market and hedge funds.
In his free time Jason enjoys most sports, including cycling in the hills of Surrey where he lives. He is also an avid fan of Formula 1 and football (via Tottenham Hotspur). Jason is married and is the proud father of two young children who keep him busy and entertained when at home.
Rose has had a long and varied career as a PA/Secretary. She joined Bain & Company at its start-up in London and was Executive Assistant to the Managing VP. She has also worked at McKennas (now Cameron McKenna), Grant Thornton, Rexam Plc and Akzo Nobel.
Rose has assisted Nick for the past 14 years and has witnessed Rowan flourish in that time. Her main role is to offer administrative support to Nick and to ensure that the office runs smoothly on a day-to-day basis.
Rose’s interests are arts based. Living in London, she takes advantage of the easy access to theatres, cinemas, art and photography exhibitions. She is also a member of the National Theatre and the Barbican. To unwind, she walks in Derbyshire and Devon – weather permitting!
Jim was the founding partner of West Coast Capital and former Tax Partner at PwC/member of the PwC Supervisory Board. Jim has also served as a Non-Executive Director or special advisor to, amongst others, Sir Tom Hunter, Prestbury (Nick Leslau), Booker Group and House of Fraser. Jim has been providing Rowan with business development support since 2014.
Jeff is a member of the Chartered Institute of Management Accountants and a Fellow of the Association of Corporate Treasurers.
rior to joining the Rowan team in 2009, Jeff was CEO of Arlington Securities and then Goodman Europe, an independent fund manager with £8bn of assets under management, where Jeff oversaw the acquisition of Akeler for £650m and Eurinpro for £400m. Jeff now sits on various boards and acts as Chairman at Hearthstone Investments plc.
In his spare time Jeff likes most sports, particularly cricket, football and rugby. The passage of time this has meant less playing and more watching, something which Jeff thinks he is much better at. Jeff also likes to travel but still has a long list of places to visit. He is married with three children and this takes up most of the rest of his time.
Rowan creates carefully thought-through property strategies based on prevailing market dynamics and our ‘income and opportunity’ philosophy. We also consider economic, capital and occupational trends
The London real estate market is underpinned by solid market fundamentals and remains a pre-eminent investment location for a variety of capital. It offers the prospect of growth in the short, medium and long term as well as significant downside protection.
The Rowan strategy for London is well established and is founded on working with the nature of real estate as a producer of income and enhancing this through active management and applications of the Rowan philosophy.
Our focus in London is on large, complex office space. However, we will also target mixed use, retail and some residential assets if appropriate.
We are pursuing this by either acquiring assets with our partners or managing investments which have already been purchased so as to help maximise returns. Our current flagship scheme is the development of Aldwych House, WC2 details of which are set out below.
We effect our London strategy via:
• A well planned and patient acquisition campaign.
• Targeting properties that offer rental growth in areas experiencing positive change.
• Engaging in active asset management to exploit latent value.
• Monitoring the market to evaluate appropriate exit/hold strategies.
At Rowan we believe that there is currently an opportunity to invest in retail centres located across Germany.
It is a densely populated, wealthy and stable country with a widely dispersed population. As a result, German food retail (outside of the major conurbations) is anchored around large retail spaces, be they retail parks, centres or standalone shops.
Rowan’s focus is to purchase town dominant, food anchored retail centres which produce stable and steady income streams in small/medium sized German cities with lot sizes from c. €25m. Our long-term Germany strategy is to agglomerate a €300m – €500m retail portfolio.
Rowan has operated in the German retail market since 2005 and work with a highly experienced Germany-based team.
Rowan’s strategy for UK regional property is to look for opportunities which are underpinned by income flow. Whilst we are looking for well-located properties with value-add potential, we place more of an emphasis on income streams than in our other strategies when approaching investments in the regions.
Our regional focus is on larger portfolios offering downside protection or on prime / sub-prime assets in large cities or towns. We look at both office and retail asset classes.
Other featured London
We take this complex process and break it down into understandable elements. We then apply a standardised approach and disciplined method. We also appreciate the need to adapt in order to achieve our strategic objectives
At Rowan we form sound investment platforms underpinned by standard operating practices, a disciplined culture, experienced management and clearly defined strategies.
Whilst we are able to simplify this asset class, real estate is inherently complex and difficult to manage. It is multi-faceted and comprises a number of different elements.
Whilst Rowan strategies are founded on our ‘income and opportunity’ philosophy, they are supported by the manner in which we operate. We are focused on maintaining accurate, timely data to inform our actions and to assist in reporting important matters concisely.
In addition, we regularly evaluate our operation procedures and asset management implementation to constantly improve performance.
Strategy and thinking