Morgan Capital Partners introduction

What we do

Morgan Capital Partners LLP is the evolution of Morgan Consulting from January 2010. It is a specialist asset manager and investment advisor for Central London

commercial property. We provide strategic asset management of property to drive performance in line with client requirements, alongside advice on

investment acquisition & disposal and transaction facilitation. Over the past four years the firm has advised on in excess of £1bn of transactions.

Morgan Capital Partners is a founding member of the St Bride’s Business Alliance.

Morgan Capital Partners LLP is registered in England and Wales (Partnership No OC350225) as a limited liability partnership under the Limited

Liability Partnership Act 2000.

Who are our clients

Our clients are property investors. For most, property is their primary business, but for some it is a place to invest the equity they have made elsewhere.

Our clients all have one common goal – to protect and enhance their equity investment. To do this they require comprehensive asset plans, clear objectives,

and effective execution. This needs to be backed up by a detailed understanding of the property asset, its environment and its marketplace.

‘PERFORMANCE THROUGH MARKET KNOWLEDGE’

Where to find us

Morgan Capital Partners LLP, 16th Floor City Tower, 40 Basinghall Street, London EC2V 5DE.

Summary of services we provide

•Investment strategy, property sourcing and acquisition advice

•Implementation of value enhancement initiatives

•Tenant liaison including negotiation of new leases, re-gears, surrenders and rent reviews

•Advice and implementation on letting strategies, branding and marketing

•Optimising returns through considered capital expenditure

•Property management + rent collection

•Advice on refurbishment and re-configuration including conceptual design

•Implementation and Development Management of refurbishment and re-configuration strategies

•Advice on obtaining planning consents for redevelopment and changes of use

•Disposal advice

www.morgancapitalpartners.co.uk Tel: 020 7628 6970

A m

em

be

r o

f t

he

St

Brid

es B

usin

ess A

llia

nce

Managing Partner

Trevor Morgan FRICS: Trevor has worked in the central London office market for over 35 years. He has specialised in leasing,

investment and development advisory, and is renowned for his skills in negotiation and deal-making at the highest level. He has

personally advised clients on over £2bn of investment transactions, development schemes with combined GDV of over £1bn, and the

letting of over 4m sq ft of central London office buildings.



Partners

Robert Houston BSc FRICS:Robert has 40 years of property experience and was formally Global Chairman and CEO of ING Real Estate

Investment with Assets under Management of €65bn. He has specialised in Fund and Asset Management since 1980 and is one of the

most trusted and respected figures in the UK property industry.

Ken Edwards BSc (Hons) MRICS: Ken specialises in investment and asset management and has experience in professional services. He

has been working in the central London property market since 2002, initially for Prudential Property Investment Management, and

latterly for Morgan Consulting. Ken has been involved in the acquisition and disposal of in excess of £800m of investment and

development properties.

Alex Morgan BSc MA MRICS: Alex specialises in asset and development management. He was previously Development Director at a

private property company, overseeing every aspect of the company’s development portfolio. Prior to that Alex worked at Drivers

Jonas specialising in national office and industrial investment where he was involved in circa £250m of investment transactions,

including significant corporate acquisitions on behalf of Morgan Stanley.

Richard Bennett BSc MSc RIBA: Richard specialises in interior architecture, project management, space planning, office design,

workspace design, and fit-out. Most of Richard’s career has been spent dealing with the design, specification and refurbishment of

office space within Central London. He has a deep understanding of all building issues.

Consultants

Colin Hyder FRICS: Colin specialises in the enhancement of property values. His main focus is on rent reviews, lease renewals and

surrenders, dilapidations, and all Landlord & Tenant matters. He is regarded as one of the top rent review specialists in London.

Richard Harraby FRICS: Richard specialises in property management, encompassing all aspects of running and optimising

performance of each building. This includes service charge budgeting and expenditure, rent and service charge collection, services

contract management, Health and Safety compliance and all aspects of tenant liaison.


A m

em

be

r o

f t

he

St

Brid

es B

usin

ess A

llia

nce

‘Performance through market knowledge’

24 Martin Lane, London EC4

Having negotiated a surrender premium from HSBC of 5 years’ rent, Trevor Morgan, Ken Edwards and Richard Bennett advised

Lapur Investments on splitting the two buildings to rationalise the floor plates of the larger office building to improve lettability

and rental value.

A difficult planning consent was obtained to convert the top floor of the principal building into three penthouse residential flats

as well as convert the adjoining smaller building into full residential use. A separate approach to the penthouses was created via

the adjoining building. To accommodate the residential, the plant and machinery was moved from the roof to the basement.

A change of use of part of the ground floor of the principal office building to retail was then obtained, adding further value. All

the refurbishment and reconstruction work for both buildings was project managed by Richard Bennett.

When finished the offices were fully let by Trevor Morgan and Ken Edwards on a floor by floor basis and the residential was sold

at record per sq ft prices for the area.

5 St. Brides Street, London, EC4

MC sourced and acquired the property off market for Robert Houston with the intention of owner occupation. Once refurbished

the building will form the headquarters for St. Bride’s Strategic Advisers, Boost Charitable Trust and the St. Bride’s Business

Alliance.

The property provided short term income offering time in which to work up a strategy for the building.

Richard Bennett is currently working with Robert Houston to deliver a high quality office refurbishment.



Asset Management Examples


A m

em

be

r o

f t

he

St

Brid

es B

usin

ess A

llia

nce

‘Performance through market knowledge’



Transactions Examples

PROJECT:

CLIENT:

BRIEF:

PRICE:

SIZE:

DESCRIPTION:

111 Old Broad Street, LONDON EC2

KBC Bank NV

Acquisition

£101,000,000

122,224 sq.ft

Advisor to the KBC Bank NV on the freehold acquisition of their London headquarters from Aegon

Asset Management. The building is of high specification and incorporates a large retail unit at ground

floor level and 17 car parking spaces.

PROJECT:

CLIENT:

BRIEF:

PRICE:

SIZE:

DESCRIPTION:

82 - 86 Fenchurch Street, LONDON EC3

City Site Estates

Sale

£33,000,000

59,000 sq.ft net with planning consent for an additional 21,000 sq.ft net of office accommodation.

Multi let office building with retail at ground and first floor level and public house at basement level.

PROJECT:

CLIENT:

BRIEF:

PRICE:

SIZE:

DESCRIPTION:

The Rolls Building, 110 Fetter Lane, LONDON EC4

Halifax Life Limited and Clerical Medical

Acquisition of part freehold interest

£60,000,000 (50% share)

261,771 sq.ft

Redevelopment of a 1970’s office building located in central Midtown to provide a new grade –A

office building with ancillary retail. Scheduled for completion in early 2010, part of the building has

been pre-let to Her Majesty’s Court Service.

PROJECT:

CLIENT:

BRIEF:

PRICE:

SIZE:

DESCRIPTION:

Plantation Place, Fenchurch Street, LONDON EC3

Insight & Tishman International

Acquisition

£527,000,000

585,000 sq.ft

Sole advisor to the purchaser of the freehold interest. The property covers a 1.9 acre site, comprising

both office and retail accommodation. Tenants include Accenture and Royal & Sun Alliance with a

total rent role of £27.3m


Morgan Capital Partners introduction

Documents

Transcript of Morgan Capital Partners introduction