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innovative

Strategic and creative thinking

Rowan is a trusted property company and
joint venture partner

People
Philosophy
Experience

Philosophy

The Rowan philosophy is born from experience and underpins all of our activity. We simplify the complexities of CRE investment by managing the details in an orderly and strategic manner, as well as unlocking latent value to deliver sustainable income and enhanced returns.

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.

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.

Experience

1.25bn

For 20 year Rowan has been applying its philosophy to deliver sustainable returns as principals and with partners. It has directly purchased, redeveloped, refurbished, transacted, financed and refinanced some £1.25bn of real estate.

20 years

Rowan has been invested in London for 17 out of 20 years and has consistently produced market beating results in all transactions. Rowan has additionally invested in German Retail and in property portfolios around the UK.

People we have worked with

Aberdeen Asset Managers, Allied Irish Bank, Anglo Irish Bank, Arup, Ashurst, Azimuth, Barclays, Berkeley Group, BDO, Beiten Burkhardt, Berwin Leighton Paisner, Blackstone, Canada Life, CBRE, Colliers, Coutts, Deloitte, Deutsche Bank, DP9, Drivers Jonas, DTZ, Eastdil, Estama, Farebrother, Fenwick Elliot, Fineman Ross, GE Captial, GI Partners, Grant Thornton, GVA, HBoS, Heyne Tillet Steel, Indent, Investec, Jones Lang La Salle, Kingly, Knight Frank, KWM, Lloyds, Lockton, Mcbains Cooper, Michael Elliot, Mishcon De Reya, Morey Smith, MTT, Nationwide, Natwest, Northacre, Orangefield, Overbury, Partners Group, RBS, Resolution, RLF, Rockspring, Savills, Sheppard Robson, Structuretone, Strutt and Parker, Taurus, Taylor Wessing, Trinavis, Trowers and Hamlins, Waterman....

People

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.

Meet the team

(click for more information)

Nick Jacobs

Nick BSc, MRICS founded Rowan in 1997. He has invested and developed directly and for PLC corporates. Nick was a consultant to Lloyds/TSB advising on ‘bad debt’ portfolios, is the former chairman of the Central London RICS Branch and Bethlem and Maudsley Hospital School. His focus is creative analysis and leading strategies.

< return to team.

David Reid

David MA, MSc, MPhil, MRICS obtained at Edinburgh, Cass and Cambridge University. He has a private equity investment and real estate development background working with Cavendish Partners, Taylor Wimpey plc and WeWork – where as Development Director (Europe), he helped create the WeLive strategy for the UK.

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Jason McLaughlin

Jason BComm, CPA, CA having qualified in Canada working with Deloitte, Butterfield Fund Management in Bermuda and Rowan, he has been pivotal in the growth and success of Rowan from the financial crisis to today. He led debt and equity structuring with Nationwide, Blackstone, GI Partners and many others.

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Nihal Weerasinghe

Nihal BA Hons (Economics & Business Studies) started his career in Rothschilds and built exceptional relationships with “special” private clients. He has secured over £4 billion of debt and equity for commercial and residential funding since founding FSP Consultancy in 1996, including finance of some of highest value private house developments in London and the country.

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Jeff Pulsford

Jeff is a member of the Chartered Institute of Management Accountants and a Fellow of the Association of Corporate Treasurers. He was CEO of Arlington Securities and then Goodman Europe. He helped found Hearthstone and other Real Estate investment vehicles.

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Jim MacMahon

Jim is a 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 other, Sir Tom Hunter, Prestbury (Nick Leslau). He advises on Listing and recently helped Sigma Plc form a REIT for PRS.

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Caroline Von Plehwe

Caroline BSc graduated from RWTH Aachen University in 2014 with a degree in Architecture. Drawn to the business side of construction from the beginning, she started out in quantity surveying and has recently made the move from Dusseldorf to London to focus on real estate investment.

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Rachel da Cruz Harvey

Rachel BSc graduated in Applied Accounting in 2010, and honed her financial and linguistic skills in the commodities & export industries abroad. Her keen interest in property development and management brings her full-circle back to London, where, in 2018, she joined Rowan as Corporate Manager with a specific focus on systems and accounts.

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George Jackman

George BSc, having graduated in Economics from The University of Bristol in the summer of 2018, has recently joined the Rowan team as a financial analyst.

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Mark Willmott

Mark BA (Hons) Dip (Arch) RIBA qualified as an architect in 1986 and co-founded MRP, an Architect, Developer and Property Fund Asset Manager in 2002. As Architectural Director, he provides all client-side project management input from inception to completion. He also established Space Architecture Limited in 2002 as a design-focused practice specialising in office and residential projects, and Space Property Ventures Limited in 2017 to carry out his own architecture-led property development projects outside of his interests in MRP. Mark has worked closely with Rowan since 2003.

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engaging

Specific property strategies

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

Past
Present

Present

Right now we are targeting the London real estate market due to it being 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.

Our focus in London is on large, complex office space upwards of £75m. 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.

Past

Germany

Between 2005-2016 Rowan managed portfolios valued at €250m. Our highly experienced German team saw the potential in such a stable country and choose to work primarily with town dominant food anchored retail centres. Our current focus is on the London market however we will be considering a new European strategy in the future.

UK

Over 20 years Rowan has managed large regional portfolios across multiple sectors, primarily covering the South East. We target opportunities that have value add potential but are underpinned by a consistent income flow, which has led to us working with office, retail, mixed used and industrial.

Past

Germany

Between 2005-2016 Rowan managed portfolios valued at €250m. Our highly experienced German team saw the potential in such a stable country and choose to work primarily with town dominant food anchored retail centres. Our current focus is on the London market however we will be considering a new European strategy in the future.

UK

Over 20 years Rowan has managed large regional portfolios across multiple sectors, primarily covering the South East. We target opportunities that have value add potential but are underpinned by a consistent income flow, which has led to us working with office, retail, mixed used and industrial.

Germany

Other featured London

UK

more properties

agile

Our investment cycle

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

components
approach

Components

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.

UK Office

25 Bruton Street
Mayfair
London W1J 6QH

e: post@rowanasset.co.uk
t: +44 (0)20 7499 7880