Malcolm is the Managing Partner of Zaggora LLP, a London based alternative investment manager specializing in commercial real estate and related instruments. The firm is supported by a base of family offices, institutions, high net worth and sovereign investors from the UK and Europe, Middle-East and US with equity investments ranging from £5ml-£100ml. To date, the firm has advised on over £500ml of transactions and is actively structuring GreenSword I for Sharia compliant investors and BlueChip I for investors from China and India Malcolm has been buying and managing commercial property since he worked with Robert and Vincent Tchenguiz at the Rotch Property Group which was then the largest ...More private property company in the UK. The Group had over £4bn of assets spread across £1.5bn of public sector property leased to local authorities, councils and central government and £3.5 bn leased to corporates such as Tesco, BT, Hilton and Shell. Malcolm’s role was to promote the group, introducing opportunities and then modeling cash flows and developing acquisition structures. Malcolm worked with Paris based asset management firm Inovalis which acquired over €300mn of commercial property in France and Germany varying from €18,5mn residential buildings to a commercial office building in La Defense for €97mn. These investments were sponsored by high net worth Gulf investors and the fund performed with investors achieving above 35% net IRR over 4 years. In 2002, Malcolm created a Russian company called OAO Ukolm with Yuri Tereschenko. The company assisted in the development of a property in central Moscow from industrial to commercial use. The property now has over 55,000 square metres and an annual cash flow of $25 million and was recently valued at $280mn. The rent roll began at $4mn and the property was valued at $35m. In 2005 Malcolm began working with Vincent Tchenquiz again at the Consensus Business Group with the responsibility of developing a direct infrastructure investment programme into fixed assets in Europe. Malcolm worked to find projects and structure the financing, managing a team of 10 and working closely with the finance team at CBG. This involved designing acquisition structures, modeling cash flows, overseeing legal and working with equity partners and mezzanine providers to develop a €500mn investment programmer. Malcolm joined The Ability Group in 2006 as Head of Investments, Capital Markets and Treasury. The group, led by principal Andreas Panayiotou, had built a 1,000 strong development team over 15 years was a principal investor into residential property. The group had developed over £1bn of assets across some 6,000 residential units in Central London as well as over 1 million square feet in-build of new property, all pre-sold off-plan. The Group now wanted to invest into commercial property asset classes such as hotels, offices, retail and industrial property across Europe. Malcolm was responsible for the day-to-day operations of the investment team in acquiring, managing, financing and developing commercial investments. He worked closely with the origination team sourcing investment opportunities, advising on acquisitions and being responsible for their financing and execution. Since 2006, the Group acquired over €500mn of commercial property assets. In the UK, Malcolm successfully acquired £300mn of Hilton hotels as well as selling £250mn of residential property. Hotel asset purchases included the Hilton Liverpool from Grosvenor Estates, the Cambridge Garden House from Goldman Sachs, Dunblane Hydro from Starwood Capital as well as two new developments in Syon Park, West London and at Luton Airport. In Europe, Malcolm acquired seven shopping centres in Germany with a €100 mn financing line from Hypo Real Estate. In Italy, the Group acquired the € 62,5mn 200 acre Club Med estate in Kamarina, Sicily. Malcolm created the Luxembourg based tax structure for Ability’s investments by working with Atoz and BDO Chilterns. Malcolm also monitored the treasury functions of the Group such as evaluating investments into structured products as well as cash management, working with Ability’s in-house financial controllers. Malcolm has worked with all of the partners of Zaggora over the last few years. Malcolm studied BSc (Hons) Economic History at the London School of Economics where his thoughts on international economy were published in the Wall Street Journal, Financial Times and Herald Tribune.