Can you reinstate buildings in Central London?
My work on the London Views Management Framework, on behalf of the City Property Association and featured in an earlier blog, led to one of my regular columns in Property Week. As a result of that, the Investment Property Forum commissioned me to write an article on some of the wider aspects of the insurance implications of a changed planning policy for its journal. That has just been published in the latest edition of "Focus" and the IPF has kindly given permission for my article to be featured on the JLT Real Estate blog - It addresses some serious concerns about the ability of a normal insurance programme to respond to the investment threatening restrictions that might be imposed by the relevant authority if a building is destroyed and cannot be reinstated. This is an area that seems to have been overlooked before but for which the real estate team at JLT have now developed a range of solutions.
The IPF, of which I have been a member for many years, is an organisation founded in 1988 to advance the knowledge and understanding of property as an investment. It has over 1,900 members, who are individual rather than corporate, including leading figures from a range of different professional backgrounds - with a common interest in commercial property as an investment. I have had the opportunity to talk at several of its events on various insurance and risk management topics, the latest being the Sustainability Interest Group's breakfast last month that looked at the challenges posed to investment by climate change - and the risk that insurance might not cover all of the consequences. For more information on the IPF see - www.ipf.org.uk
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