Hiberno Saxon web copy 1. Home Hiberno Saxon is a private real estate investment management and advisory company based in the heart of central London. We offer strategic property advice to institutional investors and high net worth individuals on a discretionary and non discretionary basis. Hiberno Saxon s aim is to provide long term value for its investors and clients by focusing on what many have forgotten: the overriding importance of income being the driver for consistent, stable, real returns. Hiberno Saxon also advises its clients on the structuring and restructuring of directly owned investments, together with the sourcing and managing of senior and securitised debt held against property assets. 2. Team Tom O Mahony Executive Director Tom O Mahony is an executive director of Hiberno Saxon. During the past 3 years, Tom worked with business partner, Ned Truman, to jointly establish and manage Hiberno Saxon. Tom has been involved in all stages of the property investment management business, from acquisition and disposal through to debt restructuring. Tom has been instrumental in negotiating solutions for his clients, specifically working on securitisation work outs. Before establishing Hiberno Saxon, Tom worked for Catella UK, an investment advisory company based in the City of London. Prior to this he worked a family-run property company on their pan-european portfolio. Tom has a Business Studies and Language BBS Honours from Trinity College Dublin and studied Russian at St. Petersburg State University. tom.omahony@hibernosaxon.com
Ned Truman Executive Director Ned Truman is an executive director of Hiberno Saxon. During the past 3 years Ned worked with business partner, Tom O Mahony, to jointly establish and manage Hiberno Saxon. Ned has been involved in all stages of the property investment management process from equity capital raising, 3rd party finance, fund structuring, acquisition, disposals and asset management. Before jointly establishing Hiberno Saxon, Ned was an investment surveyor in the City of London and West End office markets for Catella UK and later Gresham Down Capital Partners (now Savills). Ned has a Theology BA Honours from Bristol University and a Masters in Property Valuation and Law from Cass Business School. ned.truman@hibernosaxon.com 3. History Hiberno Saxon was incorporated in 2009 by Tom O Mahony and Ned Truman to provide non discretionary strategic property advice on a portfolio of assets across Western Europe. The company has increased its original mandate and now advises a number of different investors on the acquisition, disposal and management of their current property holdings. This has ranged from acquisition and disposal to 3rd party debt restructuring of securitised portfolios working alongside both the original borrower and the servicer. Hiberno Saxon is also expanding is discretionary mandate with the creation of Protected Incremental Income Property Unit Trust (PIIPUT) a semi open ended Jersey PUT which fits in with the core ethos of the company: the importance of income in being the primary driver for investment returns within the real estate industry. PIIPUT can also be replicated into a closed ended structure for single investors. Working alongside Ned Truman and Tom O Mahony, Hiberno Saxon has a highly experienced Non Executive Team made up of Richard Huntingford (Non Executive Chairman) & Simon Cooke (Non Executive Director).
This small, focused team gives a multi-faceted viewpoint on the commercial real estate market giving robust strategic advice to its clients. a. Track Record Royal Mint Court Location: Royal Mint Court, London, United Kingdom Use: Office Size: 460,000 sq. ft (42,700 sq. m) Role: Investment Manager Strategy: Maintain income profile and manage debt position.
The Admiral Portfolio Location: Admiral House, 28 Aldermans Hill, 271 Mare Street, London, United Kingdom Use: Office Size: 68,800 sq. ft (6,400 sq. m) Role: Investment Manager & Sale Advisor Strategy: Consensual sale of all three assets on behalf of borrower and special servicer.
Mansell Court Location: Mansell Court, 69 Mansell Street, London, United Kingdom Use: Office Size: 43,800 sq. ft (4,100 sq. m) Role: Sale Advisor Strategy: Re-geared lease with fixed performance followed by sale of the asset to institution. Century Centre Location: Century Centre, Antwerp, Belgium Use: Retail & Office Size: 290,000 sq. ft (26,600 sq. m)
Role: Investment Advisor Strategy: Re-negotiation of new and current tenancies to maintain Net Operating Income. Rue des Drapiers Location: 17-23 Rue des Drapiers, Brussels, Belgium Use: Office Size: 12,000 sq. ft (6,600 sq. m) Role: Investment Advisor Strategy: Re-geared lease with fixed performance followed by sale of the asset to institution. Lilien-Carré Location: Lilien-Carré, Wiesbaden, Germany Use: Retail, Hotel, Office & Residential Size: 385,000 sq. ft (35,700 sq. m) Role: Investment Advisor Strategy: To create varying management strategies to maintain Net Operating Income and manage debt position.
Turnberry House Location: Turnberry House, 100 Bunhill Row, London, United Kingdom Use: Office Size: 14,000 sq. ft (1,300 sq. m) Role: Investment Manager Strategy: Re-geared leases and managed dilapidations claim to maintain income as working investment. Westbourne Grove Location: 197 Westbourne Grove, London, United Kingdom Use: Retail & Residential Size: 2,200 sq. ft (200 sq. m) Role: Acquisition Advisor Strategy: Acquired the property off-market for a private client seeking outperformance in the London residential market.
4. Discretionary Investment Management In 2012 Hiberno Saxon launched Protected Incremental Income Property Unit Trust (PIIPUT), a Jersey-based, semi open-ended unit trust with a mandate to invest in UK commercial real estate across all sectors. PIIPUT provides long-term secure income streams with inflation-hedging characteristics by investing only in properties with index-linked or fixed uplift leases. Supplemented by the credit strength of the tenants and the underlying value of the real estate, PIIPUT offers a compelling alternative to traditional property investment in an era of above target inflation and uncertain growth prospects. At the launch of PIIPUT, two new high-profile non-executive directors joined the team to assist in the execution of the fund: Richard Huntingford, former CEO of media giant Chrysalis, and Simon Cooke, ex-md of Close Brothers and REEF property investment division. (LINK to profiles below) Richard Huntingford PIIPUT Non Executive Chairman Richard, 55, was appointed Chairman of Hiberno Saxon in September 2011. He is a respected boardroom professional with over 25 years of experience in a wide variety of executive, nonexecutive and advisory board positions, preceded by 12 years of professional practice as a
Chartered Accountant at KPMG plc, (clients included Nestle SA, TSB plc and Johnson Matthey plc). Richard was CEO of Chrysalis plc, the global music and media group until September 2007. During a 20-year tenure, through a combination of organic and acquisition-led growth, he helped build Chrysalis from its record label origins into a broad-based global media group with sales of 250 million, profits of 18 million and 950 employees. In particular, he was responsible for Chrysalis investment in the radio sector in 1994, masterminding the development of Chrysalis into one of the UK s leading radio groups, prior to its sale to Global Radio in July 2007 for 170 million. In addition to his executive career, Richard has held a number of non-executive positions including Non Executive Director of Virgin Mobile plc (2005-6), prior to its acquisition by NTL, and Chairman of Channel 3 News Limited (2001). He is currently Chairman of Boomerang Plus plc, an AIM-listed independent television production group, and Non Executive Director of Creston plc, a LSE-listed marketing services company, as well as being an investor/mentor in two early-stage businesses in the branded sportswear and digital media sectors. He is Chairman of Prince s Trust Trading Ltd, the commercial arm of the Prince s Trust, and a Governor at Radley College. Simon Cooke PIIPUT Non Executive Director of Property Simon Cooke has 30 years experience of UK and European commercial property markets. He joined Richard Ellis in 1982, where he was made a salaried partner in 1987, with responsibility for the West End investment team. In 1990 he became part of the start up team at Morgan Grenfell Asset Management (MGPAM) which launched the first Jersey Property unit trusts. Simon became Managing Director of MGPAM in 1994 and CEO in 1997, where he was responsible for the growth of funds under management from 45m in 1990 to 930m in May 2003.
In 1996 MGPAM, which latterly became Deutsche Property Asset Management and then Rreef UK, launched the first opportunity fund for the UK commercial property market. In May 2003 Simon formed Cooke Real Estate 8 Ltd and Cooke & Powell LLP and established consultancy agreements with Deutsche Property Asset Management, Hotbed Ltd (Private Equity Investor Club), Sun International S.A and Mosaic Property LLP where he became Chairman of the Investment Committee for a new Central and Eastern European Property Fund. In July 2006 Simon became MD of Close Brothers property investment division with over 1billion funds under management. 5. Non-Discretionary Investment Management Hiberno Saxon s non-discretionary investment management business is retained by a number of high net worth clients to advise them during the acquisition, disposal and management of their property investments. The company presently holds assets in excess of 250 million under management. News See attached Pdf articles Investor Area Contact: Hiberno Saxon 67-68 Grosvenor Street London W1K 3JN Tel: 0044 207 335 6285 Company Numbers Hiberno Saxon Management LLP: OC350482 Hiberno Saxon Investments Ltd: 7001031