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Portrait ofDavid Wilkinson

David Wilkinson

Partner

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

David specialises in real estate investment and development in central London and beyond. He acts for global private equity, real estate funds, institutions, developers and landed estates across a variety of sectors. His practice covers direct and indirect sales and acquisitions, geared headleases, forward commitments, forward fundings and complex development agreements. Clients include CBRE Investment Management, Goodman, Ivanhoe Cambridge, KKR, LS Estates, Newlands Developments, The Portman Estate and Swiss Life Asset Managers. 

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Relevant experience

  • The Portman Estate: 
    • the redevelopment of The Cumberland Hotel on Oxford Street - the UK’s largest hotel headlease re-gear and redevelopment - by a joint venture between Starwood Capital Group and London & Regional 
    • the redevelopment of 19-35 Baker Street - a 206,000 sq ft mixed-use redevelopment by Derwent London and grant of a new geared headlease with a 129 year term.
  • KKR on its majority investment in TBC.London, a 110,000 sq ft mixed-use development next to Tower Bridge, by a joint venture between KKR and FORE.
  • A joint venture between Equites Property Fund and Newlands Developments in relation to the forward funding with Panattoni of a £200m development to create 800,000 sq ft of logistics space next to the M1 in Milton Keynes.
  • Ivanhoe Cambridge on the £353m disposal of 3 Minster Court, in the City of London.
  • LS Estates on the reconstruction of 17 Columbus Courtyard, Canary Wharf, as flexible laboratory and office space.
  • Swiss Life Asset Managers on the indirect acquisition of Duet, a 270-apartment BTR scheme in Salford Quays.
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Education

  • 2008 – LL.B (Exempting), Northumbria University, Newcastle upon Tyne.
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Feed

28/06/2023
Tomorrow
Taking the long view Even in challenging times, real estate investors continue to have a strong degree of confidence in the future of the sector.
14/06/2023
London
The majority of UK real estate professionals continue to believe that London is overvalued. As our chart shows, this is very much business as usual. Over the past eight years, only 2021 - when investors began to wonder what a post-covid market might look like - has challenged the status quo. Even then, what we saw was only a significant narrowing of the gap, not a reversal. In this year’s polling, 62% of our respondents feel London is overvalued, as opposed to 6% who believe it is undervalued. These are the most bearish numbers we have seen since pre‑Brexit days.
14/06/2023
Infographic
  
14/06/2023
Sustainable offices and EPC requirements
Investors may be moving towards the view that making offices sustainable does not necessarily equate to higher costs for occupiers.
14/06/2023
The view from the UK
Every year we ask a cross-section of leading UK real estate professionals for their views on the market. This year we polled 270 experts, including 62 investors and 54 developers. In many ways they share the outlook of the global investors we surveyed, with long-term confidence tempered by short-term concerns. Overall, 38% reported feeling optimistic about the market, while 34% describe themselves as neutral and 28% are pessimistic. Although positive, this take on the market is unsurprisingly more cautious than the one we found 12 months ago, with sentiment falling back to levels last seen at the beginning of the pandemic as the more bullish outlook of the past two years recedes.
14/06/2023
Global cities
As our chart shows, the genuinely ‘global’ cities remain the most appealing (albeit by slim margins), with the top four slots going to London, Paris, Tokyo and New York.
14/06/2023
The big picture
Despite a difficult year and an uncertain outlook, we found strong underlying positives among investors globally.
06/06/2023
Other UK cities
Looking at the rest of the UK, Manchester still remains on top of our ranking of regional cities, popular with 58% of UK professionals.
06/06/2023
Asset classes
Given the strong demand/supply imbalance, it is no surprise to see ‘living’ asset classes take the top spots when professionals are asked which sectors they favour.
06/06/2023
Technology
Many in the real estate industry are keen to embrace technological innovations, including the latest green technologies.
06/06/2023
Future Planning?
One thing nearly all our UK respondents agree on is that the planning system is not working and needs investment. A massive 90% say the system is slowing down real estate development, while 93% reckon it is under-resourced.
06/06/2023
Survey methodology
Investors (online polling between 28 April and 3 May 2023) n=1,002 global institutional in­vestors. Res­ults were weighted by region to ensure comparability with previous results. In­dustry (on­line polling between 21 April and 10 May 2023) n=270 professionals in the UK real estate in­dustry. Res­ults were weighted by role to ensure comparability with previous results.