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June 18, 2019

Put Your Hands Up In The Air: How Ethnic Diversity Flourishes At Commercial Property Auctions
Almost last call! Don't miss Greystar, LaSalle Investment, Octopus Real Estate, Brookfield, Inspired Villages and more at next week's Multi-Generational Living event

As you walk down the stairs and into the main ballroom of the plush Montcalm Hotel in London’s Marylebone, it hits you straight away: This does not look like a normal commercial property event.

Most UK real estate events, be they conferences, building openings or drinks receptions, are a sea of white faces. Tristan Capital Chairman and co-Chief Executive Ric Lewis, named by Powerlist as 2018’s most influential black Briton, told Bisnow last month: “I moved from the States, and 20 years ago you’d be at an event with maybe 500 people, and there would be me and maybe one other black person. That’s changed there, but that is where we are here.”

But at commercial property auction specialist Acuitus’ spring sale in May, things were very different. At least half the room was black, Asian or minority ethnic. The bidders were just as likely to be wearing Ghandi caps and dhoti as the blue suits favoured by the majority of UK property professionals, with a fair number of kippahs thrown in for good measure.

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