When it comes to who wields the most power in UK property, it’s all change again this year. From Politicians and global players to the industry’s biggest investors, fresh blood dominates. Here is the ultimate guide to the ones to watch over the next 12 months.
Potential political shifts, fresh overseas investors and more influence on UK property than ever from US of A. In a fast-changing industry operating on a faster-changing industry operating on a faster-changing global stage, nearly 60% of the 2014 Power List is made up of new entries. Considering that the 2013 list was already dominated by fresh blood, this year’s rankings are evidence of just how quickly influencers in UK property can find themselves dropping down or even out of the top 50 in a matter of months, to make room for a new wave in a market on an upward trajectory.
No surprises that, once again, international players and investors have stormed the top 10. One overseas debut entry has come straight in at second place, above the UK’s own most influential politicians and industry players. The list also features the highest-ranking female entry in its four-year history. Another trend this year has been the number of forward-looking entries. With so many possible political changes coming up in the next two years, keeping an eye on those lurking in the shadows will be crucial to avoid coming to terms with potential new policy too late.
This year we have ranked the most powerful players in the UK property sector based on nominations from 30 senior industry figures, before analysing the new entries and the – now pretty rare – remaining Power List stalwarts.
25 — Mike Hussey
Chief Executive, Almacantar
The past 12 months have proved that there is no slowing down for ambitious Mike Hussey and his development company Almacantar. His firm made strides with two major West End projects: securing planning consent to convert iconic skyscraper Centre Point WC1, into luxury flats; and lodging proposals for a mega-makeover of Marble Arch Tower, W1. Hussey is now waiting to hear the outcome of an inquiry into a 1.5m sq ft redevelopment of the Shell Centre, SE1, as Almacantar is under offer to buy the office element of the project. The remainder of 2014 is likely to be full of more attention-grabbing deals.