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David Marks becomes BPF junior vice president

David Marks, co-managing partner at the private property fund Brockton Capital LLP, has today become junior vice president of the British Property Federation.

The move will eventually see Marks become president of the BPF in two year’s time, when he will become the sector trade body’s first president to come from a private equity real estate fund.

Marks became the BPF’s junior vice president at the trade body’s Summer Reception this evening. The Commonwealth Club reception saw Great Portland Estate chief executive Toby Courtauld officially take on the role of BPF president for a one-year term, taking over from former Hammerson chief executive John Richards. British Land chief executive Chris Grigg succeeded Courtauld as senior vice president, and so is in line to become BPF president next July.

Liz Peace, chief executive of the BPF, said: “I am delighted that David has joined the management team at the BPF after years of invaluable work as one of the Federation’s senior members. He brings with him enormous experience of investment and management across all property classes, and a strong understanding of the myriad challenges facing our industry over the coming years.

“At a time when bank lending to the property industry is at an all-time low, David’s knowledge of alternative avenues of capital will be invaluable in the continued recovery of the industry.

“Our continued success in representing the industry is down to the involvement and commitment of our members, and David’s guidance will benefit us tremendously over the coming years.”

David Marks said: “The BPF has played a central role in working with Government and you only need look at March’s Budget for evidence of its work from REIT reform, the disaggregation of SDLT in the residential investment sector and planning changes – all of which it has been championing for many years.

“It is vital the property industry continues to support the BPF in its work with Government. I am honoured to have been asked to be junior president of the BPF and very much look forward to strengthening that voice working alongside Toby Courtauld, Chris Grigg and the BPF team.”

ENDs

Patrick Clift, Media and Public Affairs Manager, on 07834 439 505 or at pclift@bpf.org.uk

Paul Sweeney, Media Officer, on 07841 732 194 or at psweeney@bpf.org.uk

Notes to editors

David Marks co-founded Brockton Capital in 2005 and has 21 years of experience.

He left The Blackstone Group in 2005 having worked there since 2001. He was a central part of the UK acquisitions team at Blackstone while working on the $1.3bn Blackstone Real Estate Partners International Fund. Brockton Capital raised its first fund totalling £150m of equity in 2006 and successfully raised its second fund, totalling £500m of equity, in 2010.

He has been directly involved in transactions totalling £7.7bn while at both Brockton Capital and Blackstone. He has originated, underwritten and asset managed a wide range of properties within the UK, including shopping centres, offices, industrial, prime residential development, student housing, serviced apartments, healthcare businesses, car parking assets, leisure assets and pub operating businesses.

Prior to Blackstone, David spent 10 years at Jones Lang LaSalle (1990-2000), where he worked in both the City and West End offices London, in New York and in the JLL Corporate Finance team.

David holds a Bachelor’s degree in Politics and Modern History from the University of Manchester and a Master’s degree in Real Estate from MIT, Boston. David is also a member of the Bank of England’s Commercial Property Forum.

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