RFR remains one of very few advisory firms focused solely on advising buyers in London’s prime and super prime residential markets. We have never sold property and have no intention of ever doing so. With no market to make, we channel a unique, independent perspective giving our view from the ground alongside our analysis of wider market commentary.
War and Geo-Politics
In the current circumstances, it would be impossible not to reflect on the abhorrent war in Ukraine which rightly dominates the news and overshadows so much of daily life. Our thoughts and prayers are with each and every one of those affected.
During the financial crisis of 2008, Warren Buffet penned an Op-Ed for the New York Times where he reminded readers that “in the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president.” The Sage went on to comment on the resilience of markets and the growth of the Dow over that century, as it rose from 66 to 11,497 points.
We are barely a quarter of the way through the 21st century and we have already penned our own list of unimaginable events including the horrors of 9/11, the depths of the global financial crisis, the political and populist chaos epitomised by Brexit and recent US Elections, the global Covid pandemic, the unfolding climate emergency and now the truly appalling war and devastation in Ukraine.
In these humble pages we cannot seek to predict what global events will come next or where London’s property market may go, as Warren Buffet said in that same Op-Ed “I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month or a year from now”. What we will do is inform our readers as to how these global events are impacting buyers now, and frame how they may shape our market in the years ahead.
Post Pandemic Boom
No-one predicted the extraordinary prime property boom that resulted from the behavioural response to the Covid pandemic and global lockdown measures. According to Knight Frank, 35 out of the 100 global cities they track saw growth of more than 10% last year, with Dubai recording an incredible 44.4% growth.
Using the same data, in comparison London and New York failed to register any meaningful growth for the period. However, as ever, the picture on the ground was much more nuanced, with average figures disguising the disparity in performance depending on quality, location and level of modernisation. Throughout last year, we saw fierce competition for the very best houses, especially those with sizeable gardens and positioned in leafier London neighbourhoods such as Holland Park and St. John’s Wood. These properties invariably traded discreetly and saw growth of 10-15% as the year progressed.
Notwithstanding the headwinds experienced by more central, built-up urban areas (e.g. Knightsbridge, Mayfair and Marylebone) in 2020, the super prime new build market also experienced an extraordinary 2021 as international buyers returned to London and reacted to the limitations of supply for the very best apartments and amenities, particularly in Mayfair. The response was perhaps exacerbated by recent planning changes in Westminster which restrict new build apartments to a maximum gross internal area of 2,000 square feet, a size that is unlikely to earn them the ‘super prime’ moniker.
Alpha, Beta, Gamma, Delta, Omicron
In contrast, stock levels remain exceptionally low, especially for best-in-class properties and for well executed ‘turnkey’ properties. The finest homes are as rare as unicorns and invariably trade competitively and without ever coming to the open market. With a recent Savills survey showing that 90+% of buyers see the lack of stock as their biggest issue, it is no surprise that our ability to gain preferential access to these discreet properties has become the focus for new clients when we meet. As ever, there is no shortcut to opening these elusive doors; it is about the strength of relationships, credibility and tenacity.
Growth in the markets as the mainstream stutters
Although the wider UK housing market had a robust start to 2022, most economists don’t expect this to continue. A combination of rising mortgage rates, falling real incomes and low confidence (now the lowest since April 2020) suggests that future growth will become constrained by affordability concerns. In contrast, forecasters expect London’s prime/super-prime markets to experience strong growth of around 7% in 2022, driven largely by the return of international buyers. Pre-pandemic, these international buyers accounted for nearly 50% of the prime markets, a figure which dropped to c. 20% as travel restrictions loomed large. Commentators also suggest that London’s prime markets are overdue price growth and will be less impacted by affordability constraints. The market may also benefit as a hedge against current inflationary pressures.
Certainly, for the best properties, we see this as a realistic outcome given the huge imbalance in supply and demand. For heavily compromised properties, or those that require too much work and are not priced accordingly, conditions may not be as accommodating. For the former, there remains little or no liquidity. For the latter, sellers need to be more pragmatic about the true extent and costs of a comprehensive refurbishment. We have seen both the complexity and cost of projects increase substantially over the last decade and acutely since Brexit and the covid pandemic. It may be that more creative measures will be required to free up this stock such as stamp duty discounts for downsizing, albeit there is currently little or no political appetite for this.
Transparency is welcome and long overdue
The war in Ukraine has led to an unprecedented economic response from Western governments. In the UK, one of the measures has been the acceleration of The Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) which received royal assent on 15 March 2022. First mooted in March 2016, the Act will require the disclosure of the ultimate beneficial owner and managing officers of any overseas entity owning UK property (unless there is a national security reason for secrecy).
The Act has also introduced some reforms to Unexplained Wealth Orders (UWOs) and simplified the government’s powers to impose sanctions. UWOs require an individual to explain the source of funds for obtaining specified assets.
The government has also said that the Act is only the first step, and further illicit finance measures are expected in the coming months.
For the most part, the Act has been positively received by all market participants who all want transparency in our market and to prevent London property being used to launder the proceeds of crime. The Act will seek to flush out properties where illicit funds were used to fund the purchase and then perhaps the government will be able to use its UWOs and interim freezing orders to good effect. Whilst there will be privacy concerns, particularly for the most valuable properties, we expect most will view this as a small price to pay to ensure the market is not misused.
RFR NEWS:Q1 2022
Organic Growth
In January, we were delighted to welcome Max Taylor to the RFR team. Max joins as an Associate in the Search & Acquisition team and will work closely with Sophie, Daisy and Georgie. Prior to joining RFR, Max was a senior planning consultant at leading firms, Montagu Evans and HGH where he specialised in private residential projects across London’s prime and super prime markets. His understanding of London’s planning and development landscape ensures he has a keen eye for the scope and potential of a property as well as wide-ranging knowledge of London’s prime markets.
This latest hire reflects the firm’s policy to recruit for the future of the firm. Our objective is to find exceptional people capable of becoming advisors of the highest quality.
Lucky 7
We are proud to once again be listed as a leading property adviser in the latest Spear’s 500 directory. This marks the seventh consecutive year we have been named as a
“Top Ten” firm.
The directory commends RFR as “an established fixture in the private client world” with “an enviable – and discreet – client base” which “continues to attract an impressive client-base of UHNWs with an eye on prime and super-prime London property.”
The firm has the “contacts and credibility to get access to the best properties” and has “discreetly advised on some of the most high profile, high value and highly sensitive transactions in London” further showcasing the firm’s “proven track record for completing complex transactions”.
Spear’s also praised Richard and Sophie Rogerson as a “formidable pairing”, one that is “highly regarded” and able to “marry personable service with absolute professionalism
and impressive polish.”
A Rare Double
In March 2022, Spear’s issued its highly regarded Property Index which features the “créme de la créme of advisers in the world of prime property”. We are delighted to have achieved a unique double in being listed “Top Ten Best London Buying Agents” and “Top Ten Best Private Offices”.
Sophie Rogerson, who heads RFR’s Search & Acquisition team is described as “one of the most experienced and effective buy-side advisors in the market.” She is “super-bright, and combines this with market knowledge as well as emotional intelligence” says one observer, whilst a senior lawyer notes that “clients love her.”
Meanwhile, Richard Rogerson, who leads the firm’s “pre-eminent” advisory practice which offers a “full suite of property private office services” is described as a “natural problem solver with a rare combination of intellect, experience and emotional quotient”; someone who achieves results that are “commercially and financially significant” for clients.
We are so grateful to all at Spear’s for their continued support and championing of the work we do at RFR.
Another Magic Trick
In 2016, RFR won the Magic Circle Award for “Industry Newcomer of the Year” for creating The Property Private Office. Six years on, and now in our eleventh year, RFR has been shortlisted for “Property Advisor of the Year” at the 2022 Magic Circle Awards. Founded 17 years ago, the Magic Circle Awards seek to highlight excellence amongst advisers and managers in the private wealth industry.
As ever, if you would like to discuss a specific property mandate or any of the themes in
The Buyside, please do contact the RFR team.
RFR remains one of very few advisory firms focused solely on advising buyers in London’s prime and super prime residential markets. We have never sold property and have no intention of ever doing so. With no market to make, we channel a unique, independent perspective giving our view from the ground alongside our analysis of wider market commentary.
War and Geo-Politics
In the current circumstances, it would be impossible not to reflect on the abhorrent war in Ukraine which rightly dominates the news and overshadows so much of daily life. Our thoughts and prayers are with each and every one of those affected.
During the financial crisis of 2008, Warren Buffet penned an Op-Ed for the New York Times where he reminded readers that “in the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president.” The Sage went on to comment on the resilience of markets and the growth of the Dow over that century, as it rose from 66 to 11,497 points.
We are barely a quarter of the way through the 21st century and we have already penned our own list of unimaginable events including the horrors of 9/11, the depths of the global financial crisis, the political and populist chaos epitomised by Brexit and recent US Elections, the global Covid pandemic, the unfolding climate emergency and now the truly appalling war and devastation in Ukraine.
In these humble pages we cannot seek to predict what global events will come next or where London’s property market may go, as Warren Buffet said in that same Op-Ed “I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month or a year from now”. What we will do is inform our readers as to how these global events are impacting buyers now, and frame how they may shape our market in the years ahead.
Post Pandemic Boom
No-one predicted the extraordinary prime property boom that resulted from the behavioural response to the Covid pandemic and global lockdown measures. According to Knight Frank, 35 out of the 100 global cities they track saw growth of more than 10% last year, with Dubai recording an incredible 44.4% growth.
Using the same data, in comparison London and New York failed to register any meaningful growth for the period. However, as ever, the picture on the ground was much more nuanced, with average figures disguising the disparity in performance depending on quality, location and level of modernisation. Throughout last year, we saw fierce competition for the very best houses, especially those with sizeable gardens and positioned in leafier London neighbourhoods such as Holland Park and St. John’s Wood. These properties invariably traded discreetly and saw growth of 10-15% as the year progressed.
Notwithstanding the headwinds experienced by more central, built-up urban areas (e.g. Knightsbridge, Mayfair and Marylebone) in 2020, the super prime new build market also experienced an extraordinary 2021 as international buyers returned to London and reacted to the limitations of supply for the very best apartments and amenities, particularly in Mayfair. The response was perhaps exacerbated by recent planning changes in Westminster which restrict new build apartments to a maximum gross internal area of 2,000 square feet, a size that is unlikely to earn them the ‘super prime’ moniker.
Alpha, Beta, Gamma, Delta, Omicron
Whilst Omicron delayed the start of 2022 and global equity markets reacted to any manner of shocks, demand for prime properties in London seems so far unabated. According to Knight Frank, demand remains 70% above the five-year average. We have certainly seen our busiest Q1 for some time and that follows two extraordinary years of demand for our services. Demand represents a mix of domestic and international buyers, with the former now driven as much by the global M&A boom as pandemic proofing, whilst US and Canadian buyers are returning in force and leading the international charge. We are of course sector agnostic, but London is, anecdotally, seeing a surge in tech and life science entrepreneurs. Whilst the financial City remains subdued and adjusts to changing commuter patterns, London itself has seen a resurgence since lockdown measures were lifted. Spring is in the air and international clients can barely believe the lack of Covid measures, let alone our current weather!
In contrast, stock levels remain exceptionally low, especially for best-in-class properties and for well executed ‘turnkey’ properties. The finest homes are as rare as unicorns and invariably trade competitively and without ever coming to the open market. With a recent Savills survey showing that 90+% of buyers see the lack of stock as their biggest issue, it is no surprise that our ability to gain preferential access to these discreet properties has become the focus for new clients when we meet. As ever, there is no shortcut to opening these elusive doors; it is about the strength of relationships, credibility and tenacity.
Growth in the markets as the mainstream stutters
Although the wider UK housing market had a robust start to 2022, most economists don’t expect this to continue. A combination of rising mortgage rates, falling real incomes and low confidence (now the lowest since April 2020) suggests that future growth will become constrained by affordability concerns. In contrast, forecasters expect London’s prime/super-prime markets to experience strong growth of around 7% in 2022, driven largely by the return of international buyers. Pre-pandemic, these international buyers accounted for nearly 50% of the prime markets, a figure which dropped to c. 20% as travel restrictions loomed large. Commentators also suggest that London’s prime markets are overdue price growth and will be less impacted by affordability constraints. The market may also benefit as a hedge against current inflationary pressures.
Certainly, for the best properties, we see this as a realistic outcome given the huge imbalance in supply and demand. For heavily compromised properties, or those that require too much work and are not priced accordingly, conditions may not be as accommodating. For the former, there remains little or no liquidity. For the latter, sellers need to be more pragmatic about the true extent and costs of a comprehensive refurbishment. We have seen both the complexity and cost of projects increase substantially over the last decade and acutely since Brexit and the covid pandemic. It may be that more creative measures will be required to free up this stock such as stamp duty discounts for downsizing, albeit there is currently little or no political
appetite for this.
Transparency is welcome and long overdue
The war in Ukraine has led to an unprecedented economic response from Western governments. In the UK, one of the measures has been the acceleration of The Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) which received royal assent on 15 March 2022. First mooted in March 2016, the Act will require the disclosure of the ultimate beneficial owner and managing officers of any overseas entity owning UK property (unless there is a national security reason for secrecy).
The Act has also introduced some reforms to Unexplained Wealth Orders (UWOs) and simplified the government’s powers to impose sanctions. UWOs require an individual to explain the source of funds for obtaining specified assets.
The government has also said that the Act is only the first step, and further illicit finance measures are expected in the coming months.
For the most part, the Act has been positively received by all market participants who all want transparency in our market and to prevent London property being used to launder the proceeds of crime. The Act will seek to flush out properties where illicit funds were used to fund the purchase and then perhaps the government will be able to use its UWOs and interim freezing orders to good effect. Whilst there will be privacy concerns, particularly for the most valuable properties, we expect most will view this as a small price to pay to ensure the market is not misused.
RFR NEWS:Q1 2022
Organic Growth
In January, we were delighted to welcome Max Taylor to the RFR team. Max joins as an Associate in the Search & Acquisition team and will work closely with Sophie, Daisy and Georgie. Prior to joining RFR, Max was a senior planning consultant at leading firms, Montagu Evans and HGH where he specialised in private residential projects across London’s prime and super prime markets. His understanding of London’s planning and development landscape ensures he has a keen eye for the scope and potential of a property as well as wide-ranging knowledge of London’s prime markets.
This latest hire reflects the firm’s policy to recruit for the future of the firm. Our objective is to find exceptional people capable of becoming advisors of the highest quality.
Lucky 7
We are proud to once again be listed as a leading property adviser in the latest Spear’s 500 directory. This marks the seventh consecutive year we have been named as a
“Top Ten” firm.
The directory commends RFR as “an established fixture in the private client world” with “an enviable – and discreet – client base” which “continues to attract an impressive client-base of UHNWs with an eye on prime and super-prime London property.”
The firm has the “contacts and credibility to get access to the best properties” and has “discreetly advised on some of the most high profile, high value and highly sensitive transactions in London” further showcasing the firm’s “proven track record for completing complex transactions”.
Spear’s also praised Richard and Sophie Rogerson as a “formidable pairing”, one that is “highly regarded” and able to “marry personable service with absolute professionalism
and impressive polish.”
A Rare Double
In March 2022, Spear’s issued its highly regarded Property Index which features the “créme de la créme of advisers in the world of prime property”. We are delighted to have achieved a unique double in being listed “Top Ten Best London Buying Agents” and “Top Ten Best Private Offices”.
Sophie Rogerson, who heads RFR’s Search & Acquisition team is described as “one of the most experienced and effective buy-side advisors in the market.” She is “super-bright, and combines this with market knowledge as well as emotional intelligence” says one observer, whilst a senior lawyer notes that “clients love her.”
Meanwhile, Richard Rogerson, who leads the firm’s “pre-eminent” advisory practice which offers a “full suite of property private office services” is described as a “natural problem solver with a rare combination of intellect, experience and emotional quotient”; someone who achieves results that are “commercially and financially significant” for clients.
We are so grateful to all at Spear’s for their continued support and championing of the work we do at RFR.
Another Magic Trick
In 2016, RFR won the Magic Circle Award for “Industry Newcomer of the Year” for creating The Property Private Office. Six years on, and now in our eleventh year, RFR has been shortlisted for “Property Advisor of the Year” at the 2022 Magic Circle Awards. Founded 17 years ago, the Magic Circle Awards seek to highlight excellence amongst advisers and managers in the private wealth industry.
As ever, if you would like to discuss a specific property mandate or any of the themes in
The Buyside, please do contact the RFR team.
RFR remains one of very few advisory firms focused solely on advising buyers in London’s prime and super prime residential markets. We have never sold property and have no intention of ever doing so. With no market to make, we channel a unique, independent perspective giving our view from the ground alongside our analysis of wider market commentary.
War and Geo-Politics
In the current circumstances, it would be impossible not to reflect on the abhorrent war in Ukraine which rightly dominates the news and overshadows so much of daily life. Our thoughts and prayers are with each and every one of those affected.
During the financial crisis of 2008, Warren Buffet penned an Op-Ed for the New York Times where he reminded readers that “in the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president.” The Sage went on to comment on the resilience of markets and the growth of the Dow over that century, as it rose from 66 to 11,497 points.
We are barely a quarter of the way through the 21st century and we have already penned our own list of unimaginable events including the horrors of 9/11, the depths of the global financial crisis, the political and populist chaos epitomised by Brexit and recent US Elections, the global Covid pandemic, the unfolding climate emergency and now the truly appalling war and devastation in Ukraine.
In these humble pages we cannot seek to predict what global events will come next or where London’s property market may go, as Warren Buffet said in that same Op-Ed “I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month or a year from now”. What we will do is inform our readers as to how these global events are impacting buyers now, and frame how they may shape our market in the years ahead.
Post Pandemic Boom
No-one predicted the extraordinary prime property boom that resulted from the behavioural response to the Covid pandemic and global lockdown measures. According to Knight Frank, 35 out of the 100 global cities they track saw growth of more than 10% last year, with Dubai recording an incredible 44.4% growth.
Using the same data, in comparison London and New York failed to register any meaningful growth for the period. However, as ever, the picture on the ground was much more nuanced, with average figures disguising the disparity in performance depending on quality, location and level of modernisation. Throughout last year, we saw fierce competition for the very best houses, especially those with sizeable gardens and positioned in leafier London neighbourhoods such as Holland Park and St. John’s Wood. These properties invariably traded discreetly and saw growth of 10-15% as the year progressed.
Notwithstanding the headwinds experienced by more central, built-up urban areas (e.g. Knightsbridge, Mayfair and Marylebone) in 2020, the super prime new build market also experienced an extraordinary 2021 as international buyers returned to London and reacted to the limitations of supply for the very best apartments and amenities, particularly in Mayfair. The response was perhaps exacerbated by recent planning changes in Westminster which restrict new build apartments to a maximum gross internal area of 2,000 square feet, a size that is unlikely to earn them the ‘super prime’ moniker.
Alpha, Beta, Gamma, Delta, Omicron
In contrast, stock levels remain exceptionally low, especially for best-in-class properties and for well executed ‘turnkey’ properties. The finest homes are as rare as unicorns and invariably trade competitively and without ever coming to the open market. With a recent Savills survey showing that 90+% of buyers see the lack of stock as their biggest issue, it is no surprise that our ability to gain preferential access to these discreet properties has become the focus for new clients when we meet. As ever, there is no shortcut to opening these elusive doors; it is about the strength of relationships, credibility and tenacity.
Growth in the markets as the mainstream stutters
Although the wider UK housing market had a robust start to 2022, most economists don’t expect this to continue. A combination of rising mortgage rates, falling real incomes and low confidence (now the lowest since April 2020) suggests that future growth will become constrained by affordability concerns. In contrast, forecasters expect London’s prime/super-prime markets to experience strong growth of around 7% in 2022, driven largely by the return of international buyers. Pre-pandemic, these international buyers accounted for nearly 50% of the prime markets, a figure which dropped to c. 20% as travel restrictions loomed large. Commentators also suggest that London’s prime markets are overdue price growth and will be less impacted by affordability constraints. The market may also benefit as a hedge against current inflationary pressures.
Certainly, for the best properties, we see this as a realistic outcome given the huge imbalance in supply and demand. For heavily compromised properties, or those that require too much work and are not priced accordingly, conditions may not be as accommodating. For the former, there remains little or no liquidity. For the latter, sellers need to be more pragmatic about the true extent and costs of a comprehensive refurbishment. We have seen both the complexity and cost of projects increase substantially over the last decade and acutely since Brexit and the covid pandemic. It may be that more creative measures will be required to free up this stock such as stamp duty discounts for downsizing, albeit there is currently little or no political appetite for this.
Transparency is welcome and long overdue
The war in Ukraine has led to an unprecedented economic response from Western governments. In the UK, one of the measures has been the acceleration of The Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) which received royal assent on 15 March 2022. First mooted in March 2016, the Act will require the disclosure of the ultimate beneficial owner and managing officers of any overseas entity owning UK property (unless there is a national security reason for secrecy).
The Act has also introduced some reforms to Unexplained Wealth Orders (UWOs) and simplified the government’s powers to impose sanctions. UWOs require an individual to explain the source of funds for obtaining specified assets.
The government has also said that the Act is only the first step, and further illicit finance measures are expected in the coming months.
For the most part, the Act has been positively received by all market participants who all want transparency in our market and to prevent London property being used to launder the proceeds of crime. The Act will seek to flush out properties where illicit funds were used to fund the purchase and then perhaps the government will be able to use its UWOs and interim freezing orders to good effect. Whilst there will be privacy concerns, particularly for the most valuable properties, we expect most will view this as a small price to pay to ensure the market is not misused.
RFR NEWS:Q1 2022
Organic Growth
In January, we were delighted to welcome Max Taylor to the RFR team. Max joins as an Associate in the Search & Acquisition team and will work closely with Sophie, Daisy and Georgie. Prior to joining RFR, Max was a senior planning consultant at leading firms, Montagu Evans and HGH where he specialised in private residential projects across London’s prime and super prime markets. His understanding of London’s planning and development landscape ensures he has a keen eye for the scope and potential of a property as well as wide-ranging knowledge of London’s prime markets.
This latest hire reflects the firm’s policy to recruit for the future of the firm. Our objective is to find exceptional people capable of becoming advisors of the highest quality.
Lucky 7
We are proud to once again be listed as a leading property adviser in the latest Spear’s 500 directory. This marks the seventh consecutive year we have been named as a
“Top Ten” firm.
The directory commends RFR as “an established fixture in the private client world” with “an enviable – and discreet – client base” which “continues to attract an impressive client-base of UHNWs with an eye on prime and super-prime London property.”
The firm has the “contacts and credibility to get access to the best properties” and has “discreetly advised on some of the most high profile, high value and highly sensitive transactions in London” further showcasing the firm’s “proven track record for completing complex transactions”.
Spear’s also praised Richard and Sophie Rogerson as a “formidable pairing”, one that is “highly regarded” and able to “marry personable service with absolute professionalism
and impressive polish.”
A Rare Double
In March 2022, Spear’s issued its highly regarded Property Index which features the “créme de la créme of advisers in the world of prime property”. We are delighted to have achieved a unique double in being listed “Top Ten Best London Buying Agents” and “Top Ten Best Private Offices”.
Sophie Rogerson, who heads RFR’s Search & Acquisition team is described as “one of the most experienced and effective buy-side advisors in the market.” She is “super-bright, and combines this with market knowledge as well as emotional intelligence” says one observer, whilst a senior lawyer notes that “clients love her.”
Meanwhile, Richard Rogerson, who leads the firm’s “pre-eminent” advisory practice which offers a “full suite of property private office services” is described as a “natural problem solver with a rare combination of intellect, experience and emotional quotient”; someone who achieves results that are “commercially and financially significant” for clients.
We are so grateful to all at Spear’s for their continued support and championing of the work we do at RFR.
Another Magic Trick
In 2016, RFR won the Magic Circle Award for “Industry Newcomer of the Year” for creating The Property Private Office. Six years on, and now in our eleventh year, RFR has been shortlisted for “Property Advisor of the Year” at the 2022 Magic Circle Awards. Founded 17 years ago, the Magic Circle Awards seek to highlight excellence amongst advisers and managers in the private wealth industry.
As ever, if you would like to discuss a specific property mandate or any of the themes in
The Buyside, please do contact the RFR team.