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Euro property investor

I have been active in the European real estate markets for over 30 years with a focus on the more liquid north-western countries. I have worked for agencies (Knight Frank and CBRE), an accountancy practice (Touche Ross) and investment banks Lazard Brothers and Citigroup. Nearly 14 years ago I set up Rynda Property Investors as my own FCA regulated real estate investment management house. I have enjoyed working with incredibly loyal and supportive clients and very committed colleagues. Rynda is... Read More >

Recent Articles:

Desert Diary Bush, Bitcoin and banter in Abu Dhabi and Ironmen on the beaches in Dubai
The UAE's appetite for attracting the great and the good (and sometimes the bad and the ugly) remains impressive. This week, Abu Dhabi, the capital of the United Arab Emirates, hosted the first Milken Institute MENA Summit, and what a gathering Read More >
Globe The View from Berkeley Square How the listed real estate sector fared in 2017 - and what we can expect next
The global listed real estate sector In 2017 the FTSE EPRA NAREIT Global Index showed a total return of 5% for a sterling investor, although currencies were again a big factor (e.g. for a US$ investor the global total return was a healthy Read More >
Burj Khalifa in Dubai at night The GCC: opportunity born from positive momentum Why the GCC is geared to become one of the most rewarding investment destinations in 2018
The GCC (Gulf Cooperation Council) region has historically been a source of capital raising and outflow of funds that invested in everything global. Sovereign wealth institutions in the region are among the wealthiest in the world, and the Read More >
Corpus Christi College, University of Cambridge Notes from Cambridge A Bursar reveals the challenges and delights of managing the finances of an Oxbridge college
Since 2013 I have been Bursar and a Fellow of Corpus Christi College, part of Cambridge University. Before that I spent 26 years in finance, predominantly in equity capital markets at Citigroup (where I led the ECM business for Europe, Middle Read More >
World map showing Africa painted on hands Frontier notes The latest updates on Kenya, Liberia and Nigeria
12 December marks Kenya’s 54th year of independence. It is also the day on which opposition leader Raila Odinga intends to hold his own inauguration as the ‘People’s President’, rival to re-elected President Uhuru Kenyatta. Without naming Read More >
Zimbabwe flag Is Zimbabwe’s real estate investment future secure? Nana Ampofo looks at the outcome of recent political events in Zimbabwe
President Robert Mugabe announced his resignation on Tuesday 14 November after 37 years in power, the last three of which included the dismissal of vice-presidents and ruling party stalwarts: Joice Mujuru in 2014 and most recently, Emmerson Read More >
Skeleton key hanging on wooden door Retirement living – the next crisis and opportunity What is the future for this major growth market?
A key priority for government is to build new homes, particularly social housing, but the demographics point to another major shortfall over the next 20 years. According to McCarthy & Stone (MCS), the retirement living sector leader, of the Read More >
Horses jumping over fence Towcester: a charming but challenged racecourse What might the future hold for this independent racecourse?
This is the last in a series of four articles on the history of British racecourses and their struggle for economic prosperity. It focuses on Towcester - an independent, and a prime example of the diversity of British racecourses which add Read More >
Dubai marina A letter from Abu Dhabi On innovation and why Brexit does not represent erosion of value
From Abu Dhabi to the world: this is the motto of Etihad Airways, the UAE national carrier. This rings true on many fronts as Abu Dhabi has been aspiring to be the Middle East and regional hub for everything from regulated financial services Read More >
Pocket watch on pile of dollars Lessons from behavioural economics Overcoming trustees’ bias towards the short-term
Richard Thaler was awarded the Nobel Prize for Economics in October 2017 for his work in behavioural economics. His citation refers to his contribution to building a bridge between economic and psychological analysis in individual decision Read More >
Horseracing Newmarket: the headquarters of British racing How the growth of commercial joint ventures is promoting the sport's financial well-being
This is the third in a series of four articles on the history of British racecourses and their struggle for economic prosperity. It focuses on Newmarket – the headquarters of British racing – and the growth of commercial joint ventures in Read More >
Horseracing Lingfield Park and the struggle for modern economic prosperity The second in a series of articles on the history of British racecourses
This is the second in a series of articles on the history of British racecourses and their struggle for modern economic prosperity. It focuses on one of Arena Leisure’s premier dual surface courses. Lingfield Park, a 450 acre estate set in a Read More >
The future of finance is female How the changing nature of real estate investment will require more empathy and emotional intelligence
Ironically, being a Muslim woman sitting in the backseat of a male driven Uber, in London, I was tickled to hear the radio announcement that HRH King Salman had finally decided to lift the moratorium for females to get behind the wheel. As with Read More >
Boutique selling children's toys and clothing Have you missed the Great Singapore Sale? KK Tan explains how investors can look beyond the hype
As I read the billion dollar bids for land in Singapore and new launches of private apartments selling out in three days, I began to wonder whether the government has expanded the retail-driven Great Singapore Sale to the residential property Read More >
Stacks of pennies UK residential property has seldom been this cheap Low interest rates mean keeping up with mortgages is easier: but does this make home ownership a safe option?
Much is being said and written about the lack of affordable housing in the UK. Since the trough in the first quarter of 2009 following the financial crisis, the average UK house price has risen by 40%. To buy a home in London, young first time Read More >
Container ship in port Ship owning: an investment warning? Our insider looks at whether investing in shipping is 'as safe as houses'
Shipping carries over 90% of world trade. Until anti-gravity transport is invented nothing will replace it. This island race has salt water and shipping in our veins and history. As befits our special relationship with the Creator it is obvious Read More >
Gears of a vintage clock machinery, close up Thanks for the memories UK real estate: comparing then and now
I started my real estate career in the early 1980s, so over 30 years ago! I have been involved in many areas of UK real estate during that period, both cosseted in booms and fighting for survival in busts whilst finding my way through the world Read More >
A house roof with two dormer windows and the sun shining between them The View from Berkeley Square Robert Fowlds sets out a bold solution for the housing supply crisis and illiquidity in the secondhand homes market
Crisis? What crisis?! Results from the listed home builders this summer describe a sector in rude health, particularly in the mid-market house price range of 250k-350k. Redrow for example reported sales up 21%, PTP up 26%, EPS up 27%, DPS up Read More >
Horseracing The history and economics of British racecourses David Hill begins his series on the status of the horseracing industry
This is the first in a series of four articles on the history of British racecourses providing a context for the existing economic status of the industry. The recent legislation that all betting operators including online companies based Read More >
Close up of metal cogs On risk, inflation and gilt yields Does recent movement in the 30 year gilt yields imply a knock-on effect in property?
The UK stock market has recovered from its spring snooze and despite worries over the effects of Brexit on UK growth the indices are but a stone’s throw from their all time highs. But this hides frenetic activity under the surface with Read More >
Village with fields in the distance The View from Berkeley Square The listed European sector shows a strong recovery
Continental carry trade The big takeaway from the interim results season is the recovery in continental property markets. It’s been a decade since the listed sector in Europe signalled such a positive outlook in spite of some mixed Read More >
Lightbulb on plain white background Investing in megatrends in India Looking at the factors that will drive India's growth over the next decade
Stock markets in India have been soaring as the economy enters a prolonged period of political and economic stability. At elevated valuations, near term returns seem uncertain but investors should focus on riding the megatrends. India’s per Read More >
Young professionals brainstorming around a computer The View from Berkeley Square A mid-2017 update on the global listed sector
Halfway through 2017 the global listed sector is performing better than I had expected, up over 7% Total Return in USD terms, although much of this is down to dollar weakness with the sector up just 2% in sterling and flat in euros. But the big Read More >
Myanmar cityscape Real Estate Journeys: Myanmar Our Asia real estate markets commentator recounts a trip to Myanmar
Above: a view of Yangon CBD, March 2012 Real estate is the ultimate wealth creating machine. I have had the privilege of covering real estate markets from the perspective of a valuer, a policy-maker, an equity analyst, a real estate fund Read More >
Big Ben and Houses of Parliament in London, UK The View from Berkeley Square My latest thoughts on the outcome of the UK general election
Two months ago the view from Berkeley Square was cautious, particularly on Brexit and retail, but one could see 'clear blue water' (even if bitter tasting!). After a disastrous Tory manifesto and even worse campaign, the waters are muddied and in Read More >
Vintage map of Berkeley Square in London The View from Berkeley Square This week, Robert Fowlds reflects on political change and retail portfolios
Chaos in Washington and dollar weakness, combined with the Macron win, has had a major impact on markets. For a sterling investor, the global real estate sector is flat YTD, but the Americas is down 6% compared to Europe up over 8% including Read More >
Two tin cans joined by a piece of string The View from Berkeley Square Robert Fowlds, one of the City's biggest real estate rainmakers, looks at the real estate markets from his perch high above Berkeley Square
Well, if 'a week is a long time in politics' (and even longer in UK politics!), it’s also a long time for the listed global real estate sector. Ironically as a property developer moved into the White House last autumn, the sector badly Read More >
Skyscraper viewed from street level The View from Berkeley Square Robert Fowlds, one of the City's biggest real estate rainmakers, looks at Brexit and the global real estate listed markets from his perch high above Berkeley Square
The West End has been a joy to drive around this Easter as half of London (and most of the property industry) has been away! As well as being able to secure reservations in some fine restaurants, it has also provided some time to reflect… On Read More >

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Investor's Notebook

Smart people from around the world share their thoughts

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The Macro View

The week's financial news and how it connects across all asset classes

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Technology

Fintech, proptech and what it all means

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Uncorked

A sideways look at the world of wine

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The Fund Manager

Real money - the capital allocators

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The Architect

Some of the profession's best minds

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The Auctioneer

What's going on in the auction world

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Residential Investor

Making money from residential property investment

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The Professor

Analysis and opinion from the academic sphere

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Face to Face

Jonathan Davis interviews a leading figure in the property world

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Land economy, agriculture, conservation, soil & property rights

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The Analyst

Spotlight on real estate equities

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The History Man

A look back at previous cycles, events, characters

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Money, rates and prices

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The Agent

Reflections on estate agency, today and in past times

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The inside scoop on Westminster and Whitehall

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