John Forbes is an independent consultant advising real estate investment managers, investors and others on fund product development, governance and regulatory matters, (www.johnforbesconsulting.co.uk). He has advised on the restructuring of high profile open and closed-ended real estate funds, as well as the establishment of new funds. He previously spent over 25 years with PwC, 6 of them in Russia where he led the firm's real estate practice in the mid 1990s. He later led PwC’s Real Estate Industry Practice in EMEA. He was for many years a leading adviser on the establishment of international real estate funds. A tax partner by background, he also advised on a range of regulatory, governance and operational matters for real estate funds, Sovereign Wealth Funds and similar investment vehicles.John is chair of the Urban Splash Residential Fund and a non-executive director of the Patrizia Hanover Property Fund. From 2014 to 2022, he was chair of the Supervisory Board of the UBS Triton Property Fund.He is a regular conference speaker and author of a number of papers including “Ammonites, extinction events and the real estate fund management industry” and “Unlisted funds - lessons from the crisis”. He was one of the authors of the highly regarded PwC / ULI Emerging Trends in Real Estate Europe report from 2009 to 2012. John is responsible for the UK capital markets programme of the ULI, the co-chair of the Public Affairs Committee of AREF, a member of the Indirect Property Funds Group of the IPF, and a member of the Society of Property Researchers. From 2013 to 2016, he was chair of the judges of the IPE Global Real Estate Awards. John was the 2017 winner of the AREF award for Outstanding Individual Contribution.John is a Chartered Accountant, a Chartered Tax Adviser and a Fellow of the Royal Institution of Chartered Surveyors. John is also known in the industry as a mildly obsessive cyclist, and has ridden the real estate Cycle2Cannes charity ride 9 times.Our latest annual review is here: https://www.johnforbesconsulting.co.uk/_files/ugd/9e8725_df9b887bf492404b94eb6a5cfbaaf4fa.pdf