Thank you to everyone who joined us at May’s meeting, the London room feels very connected and vibrant. It was great to see many new faces join us for the first time this month.
It was our absolute pleasure to welcome Dorian Payne, MD at Castell Group who is a prolific property developer, creating affordable social housing in Wales. The business currently has over 600 homes secured in their development pipeline. 90% of this will be social housing stock. Dorian kindly provided some fantastic ideas on how to get into both development and social housing whether you’re starting from scratch, or you are a more established property investor/ developer and how to further grow that business. There were so many fantastic and actionable hints and tips for budding developers and established players provided by Dorian. One not to miss in the PIP Vault if you couldn’t join us in London. It really was an incredibly inspirational story of business establishment and rapid growth.
After a quick coffee break (and some cake to celebrate PIP London’s 4th Birthday!), we heard from our wonderful PIP Bristol hosts Angie and Ben Nicholls from KPA Property. They came to talk to us about owning, purchasing, and growing businesses within the property value chain. As we all know, it’s not all sunsets, beaches, and coffees out at Starbucks. But whilst it’s never a straight road, for those brave enough to take the plunge, it does provide huge flexibility to drive your own career and build a business and team that reflects your own mission and values. They provided some fascinating insights in terms of what they would and would not do again, where value can be added, and things to watch out for if you’re purchasing asset backed businesses. I really would recommend you catch up on this talk on the Vault as there were so many fantastic take aways and easy steps to implement within your businesses.
As Peter Vandervennin from the Mortgage Consultancy opened his talk, we’d just had another rate rise from the Bank of England’s Monetary Policy Committee taking us to 4.5%. In addition to the ever-changing lending landscape, Pete mentioned there are some exciting new lenders who have come to market that are able to discuss purchases that have not previously been possible to look at. This is exciting for our members so If you’re looking at ‘difficult’ or more complex purchases, there could be some interesting lending opportunities emerging.
All the presentations will be available for members that could not attend on the PIP Vault.
Next month we are meeting at the Dickens Inn on Thursday the 8th of June, 9.30-4pm with networking post meeting. We will be hearing from our sponsors as well as being joined by our keynote speakers which include PIP Partner Rod Turner. If you’re interested in becoming a member and joining us, please visit the membership page here.
We’re looking forward to seeing you all next month, Jess and Des.