Joint Event by AREF IPF Social Impact Investing

Joint Event by AREF & IPF Social Impact Investing – UK Real Estate Sector Sponsored by: Thursday 14 th November 2019 Sponsored by:

SPEAKERS/PANELLISTS CHAIR: Melville Rodrigues, Partner - Charles Russell Speechlys PANELLISTS: Peter Hobbs, Managing Director - bfinance Anna Shiel, Head of Organisation - Big Society Capital James Giles, Pensions Investment & Risk Manager - The Co-op John Gray, Statutory Deputy Mayor - Newham Council Sponsored by:

Peter Hobbs Increasing Range of Options for Real Estate Impact Investing SELECT REAL ESTATE IMPACT FUNDS BY RETURN AND LEVEL OF IMPACT Note: Each bubble represents an individual fund, with size of bubble indicating number of funds in series (from 1 to 5). Colours: Yellow = Environmental focus; Green = Mixed/Revitalisation; Blue = Affordable Housing focus; Red = Social Housing focus. Source: bfinance search activity, 2019 Sponsored by:

Anna Shiel Social Impact Investing – UK Real Estate Sector BSC ØDedicated UK impact investor – seek to contribute to solutions to tough social issues. Over £ 550 m committed > £ 1. 7 bn drawn with coinvestors ØReal estate investment mainly in affordable housing: £ 80 m own investment > £ 600 m committed with coinvestors Key topics ØImpact management – how do we know what good looks like, drive for common standards? ØManager selection – importance of value alignment and empathy with HAs ØProduct development – sharing of risk, balance between innovation and scale Sponsored by:

James Giles Co-operative Pension Scheme (Pace) • DB scheme for the Co-op Group/Co-operative Bank • Alternative inflation linked property mandate • Approached to consider affordable housing within mandate, aligned with Co-op ethos • “New” asset class and hurdles to overcome with Trustees/sponsor Sponsored by:

Pension Fund Investments in Social Housing: An Asset Owner & Landlord Prospective LBN £ 1. 5 billion assets Need secure, inflation linked income 27, 000 residents on housing waiting list 5200 families homeless cost £ 60 million per annum Councillor John Gray Newham Deputy Mayor & Cabinet Lead for Housing Services, LBN Pension Committee, Joint Vice Chair Local Authority Pension Fund Forum Sponsored by:

PANEL DISCUSSION: PROPOSED KEY THEMES CHAIR: Melville Rodrigues, Partner - Charles Russell Speechlys PANELLISTS: Peter Hobbs, Managing Director - bfinance Anna Shiel, Head of Organisation - Big Society Capital James Giles, Pensions Investment & Risk Manager - The Co-op John Gray, Statutory Deputy Mayor - Newham Council Investors: sacrificing financial returns for specific impacts Challenges in implementing ‘Impact Investment’ strategies Measurement of impact outcomes Momentum: Impact Investment Sector in the UK and internationally Sponsored by:

With thanks to our 2020 sponsors Did you know…. If you are an AREF member you receive a discounted rate for the IPF Investment Property Conference. To qualify for the discounted rate, use the discount code AREF 27 at the top of the booking form within the brochure