Joint Event by AREF IPF Social Impact Investing

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Joint Event by AREF & IPF Social Impact Investing – UK Real Estate Sector

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

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

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

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

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 £

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:

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

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