Tim Mallett Email and Phone Number

• Assisting two other asset managers in managing a £3.5bn estate in central London for a private offshore group.• Involved the management of office, retail, clubs, pubs, restaurants, residential and mixed use properties.Covered all asset management functions including: - managing lettings from Landlord’s viewpoint, agreeing terms, Agreements to Lease, arranging landlord’s alterations for the tenant’s fit-out and ensuring sign-up of lease agreements; - completing lease renewals / extensions to both modernise terms and achieve the optimum returns to capital and rental values; - negotiating & agreeing removal of tenants’ break clauses; - managing all upcoming rent reviews and inspecting leases to ensure that none were overlooked; - agreeing licenses to allow tenants to assign, underlet, fit out, carry out alterations etc. - evaluating breaches of covenant; - assessing town planning potential and if appropriate, pursued planning consent; - appealing rates assessments; - calculating tenants’ proportions of service charges and insurance rent collection and carrying out budgeting, reconciliations and charging; - arranging landlords improvements to provide maximum indirect value of alterations and for health and safety reasons; - overseeing repairs to landlords’ property e.g. air-conditioning; - initiating, compiling and maintaining comprehensive tenancy schedules and monthly cash flow forecasts.

• Direct commercial real estate investment, active management and asset value enhancement in the UK and overseas for a private offshore group, including the acquisition and redevelopment of a sub-regional shopping centre in New Zealand, several investments in Canada and Singapore and various high yielding investments in the UK.Properties included, for example: - a Sainsbury’s supermarket / local shopping centre at Woodhall Farm, Hemel Hempstead, bought for an initial yield of c. 8.9% and sold for c. 6.4%;- a portfolio of mixed use properties in Edinburgh & Glasgow, managing them until sold individually, gaining a significant aggregate profit of c. 28% for the client;- an “un-elected” office building in Swindon, let to a non VAT-registered tenant, negotiating an increased rent in exchange for not “electing” the building, increasing the running yield from 8.9% to 9.4%;- a local shopping centre in Bristol bought for 9.15% i.y. and sold for c. 6.75%;- an office building in Nottingham (let to the government) bought for c. 9.6% and sold for 6.9%;- two properties at Vancouver Airport bought for c. CAD22.5m and sold for a capital profit of c. 44.5%;- a sub-regional shopping centre outside Auckland, NZ acquired for c. NZD45.35m that was completely redeveloped, with resulting new tenants;- two office towers in Wellington, NZ bought for c. NZD45.65m (these were sold after leaving the company).

• A variety of jobs including: 1. Bank Advisory Team: advising on the recovery of non-performing loans / distressed assets, with active management & asset enhancement and “what if” scenarios to illustrate the resultant values if the postulated outcomes were achieved. Wrote the sales pack for The Trocadero, Piccadilly, in receivership (1993), Jones Lang Wootton selling for £90m.2. Town Centre Development Team: co-ordinating large town centre redevelopment schemes.3. City Business Team (Investment Broker): investment acquisitions & disposals in the City if London for institutions, property companies and private investors.4. Development Department: various jobs that included assisting Kings College London in the co-ordination of the major re-organisation of their London campuses and property assets, involving the sale and consolidation of five sites into two.

• Estate agency involving all types of residential property throughout Scotland.