The British Property Federation (BPF) has announced that Duncan Salvesen, Director of Residential at Dorrington and Paul Winstanley, Partner, Residential Valuation, at Allsop as the two new vice-chairs of its Residential Committee.
Current Chairman, John Coles, Co-owner of Evenbrook, steps down at the end of April 2015, after five years at the helm, at which point Duncan Salvesen will become Chairman of the Federation’s Residential Committee. Alan Collett of M&G Real Estate, Coles’ predecessor and vice-chair, also steps down.
The announcement comes the day before the BPF’s annual Residential Conference, at which a number of notable industry figures will discuss how institutional investor interest in the private rented sector is growing substantially
The conference will hear from the Housing and Planning Minister, Brandon Lewis MP, on the Government’s support for the sector, as exemplified by its Build-to-Rent Fund, and Private Rented Sector (PRS) Taskforce. Delegates will also hear from Sir Michael Lyons, whose report commissioned by the Labour Party on Housing Supply, targets a contribution of 8,700 units from build-to-rent towards Labour’s 200,000 homes per annum by 2020.
The conference will also hear from Sir Richard Leese, Leader of Manchester City Council, Rain Newton-Smith, Director of Economics at the CBI, Andrew Stanford, Chair of the Government’s PRS Taskforce and Andy Rose, CEO of the Homes and Communities Agency, plus a range of investors, developers and councils who are making build-to-rent happen.
John Coles, current Chairman of the BPF’s Residential Committee, said:
“I have had a fabulous experience chairing the committee, at such an exciting time in the sector’s development. There is a cohort of people on the Committee who strongly believe in this sector and as we move to a new ‘delivery’ phase, and with a general election on the horizon, now seems a good time to hand the baton on to a new team.
“In Duncan and Paul I could not have wished for two more highly regarded and respected professionals as successors. I am particularly pleased that their skills in London and the regions will continue to ensure the BPF speaks for investors across the country. I am sure they will seek to engage constructively on behalf of the sector with whoever enters Number 10 in May.”
Melanie Leech, Chief Executive of the British Property Federation, said:
“Housing investment is an important aspect of the BPF’s work and we owe John and Alan a big debt of gratitude for the time and expertise they have given that cause. Their passion for the residential sector has driven our efforts over the past decade. At a time when all political parties are looking for ways to boost housing supply, the BPF’s members are providing a wide variety of ways to get investment into delivering more homes, whether that be large scale residential or mixed-use development, or debt or equity investment in social, intermediate or marketing renting. If we are to deliver 200,000 plus homes a year tapping in to new forms of supply like build-to-rent is important and all the political parties we think appreciate that.”