Value is attached to a myriad of concepts including the value of a company or a property, shareholder value, fair value, market value – but increasingly as an industry we want to develop, deliver and track the value we have to the cities we work in and the citizens we work for. Buildings, places and infrastructure can add value by supporting environmental, economic and social wellbeing, and ultimately improving our quality of life.

For LREF 2023, we considered what OUR values are as an industry and how do these impact on our businesses, our procurement and the kinds of places we deliver.

Our values help us to determine what is important to us, our businesses, our clients and our teams. What sort of industry do we want to be; how do we approach our projects to ensure value added is both sustainable economically but also sustainable environmentally and adds real value for communities across our cities. How does this proposition of value impact our interactions with the world around us?

From social value to market value, this year we look at the multiple benefits of conceiving, delivering and managing successful places. Now is the time to agree on a common language that defines, measures and delivers value for the future of our cities.

Value is the motive behind purposeful action and above all we are about taking action.

Read the LREF 2023 report here.

Conference Day – 27 September

The Conference Day opened with the State of the Market session on the Barbican Hall stage, before breaking into smaller sessions, split across four stages.

The day closed back in the Barbican Hall where London’s future leaders will hold a panel discussion.

Barbican Hall Garden Room Frobisher Auditorium 1 Fountain Room (Place stage)
9:15 State of the market

As we continue to navigate a social, energy and political crisis, what are the big-picture trends, key policy changes and opportunities for growth across different sectors? How will the economy impact the built environment industry in the coming year? And, in a year of social and political change, what challenges are facing the industry?

- Chair: Sadie Morgan, dRMM
- Rajesh Agrawal, GLA
- Becca Heron, Manchester City Council
- Alexander Jan, CDA & LPA
- Tom Goodall, Related Argent
- Caroline Taylor, HM Treasury and the Cabinet Office
10:15 Break 10:30 - 11:30
The benefits of knowledge clusters – bringing together business, education and research

In association with Related Argent As both institutions and businesses double down on their future purpose, and assess their physical footprints, this panel examines the benefits of an ecosystem approach – bringing together R&D, academia and adventurous corporates to shape a place for commercial success.

- Chair: Sadie Morgan, dRMM
- Matt Flood, Related Argent
- Cath Shaw, Barnet Council
- Jonathan Burroughs, Creative Places
- Linda Mason, Sheffiled Hallam Univeristy
10:45 Innovation and growth
In association with JLL
Emerging technologies are transforming Real Estate from all angles, from intelligent facilities management and smart spaces, to the powerful use of data and insights. Technology is central to the evolving needs of the built environment – it will allow us to create more sustainable and efficient buildings; it will enable cities to plan for a resilient future where innovation, inclusion, impact and experience are at the heart of driving growth. In order to see a brighter way for the future of London, we’ll explore how collectively we can deliver innovative solutions for the future of the real estate industry.

- Chair: James Addison, JLL
- Anastasia Petrova, Deepki
- Madeleine McDougall, Lloyds Bank
- Cllr Liam Robinson, Liverpool City Council
-Luka Vukotic, Art-Invest Real Estate
UK cities - challenge to opportunity
In association with Arup
Cities today face challenges on multiple fronts from the rising cost-of living and surging construction costs to poor housing quality and availability.

Join Arup and key leaders from cities across the UK to uncover how creative thinking and innovation can address this system challenge to generate value for all, sustainably.

- Chair: Becci Taylor, Arup
- Becca Heron, Manchester
- Rob McNicol, City of London
- Debbie Jackson, City of Westminster
- Dr Aileen Jones, Liverpool City Region
Housing delivery
In association with Places for London, the TfL Property Company
With a growing population and an economic crisis, the issue of housing delivery is becoming increasingly urgent. What does London need, and how effectively is the sector meeting this demand in terms of numbers, affordability and typology?

The need for affordable housing and build-to-rent are critical, so how can partnerships and innovative investment help deliver the homes Londoners require?

- Chair: Claire Bennie, Municipal
- Graeme Craig, Places for London, The TfL Property Company
- Joanne Drew, Enfield Council
- Robin Dobson, Network Rail
- Rokhsana Fiaz, Newham
- Marcus Bate, Mount Anvil

Please note: this session will be an hour and finish at 11:45
11:30 Break 11:45 - 12:45
Scaling Up with Regeneration

In association with British Land
Regeneration brings with it the opportunity for holistic growth. This panel will explore how, when growth occupiers have the opportunity to scale up within a live development, benefits can be achieved for all involved – the occupiers, the scheme itself and the communities they are a part of.

- Chair: Ewan Graham, Hawkins\Brown Architects
- Michael Wiseman, British Land
- Sandra Ferguson, Tree Shepherd (Thrive)
- Gavin Kamara, Kontor
- Anna Andreou, cheMastery
12:00 Design matters: exploring good social value
In association with Savills
Design is a powerful tool that can influence how we perceive, interact with and experience the world around us. Good design can create immense value both in terms of real estate and for citizens by delivering true and inclusive social benefit. But what does this actually look like, how can it be measured and tracked, and how can we deliver social impact through more inclusive design?

- Chair: Wesley Ankrah, Savills
- Debbie Akehurst, Central District Alliance & Hatton Garden BID
- Gary McLuskey, Greystar
- James Miller, Pragma Consulting
- Yẹmí Aládérun, Meridian Water - Enfield Council
- Imogen Clark, Make Space for Girls

Please note: this session will be an hour and finish at 13:00
Art and Culture: Reshaping the Public Realm for Wellbeing
In association with Therme Group
Art and culture have a profound impact on the public realm, nurturing wellbeing and enhancing quality of life. They add meaning to our cities and value for our communities.

Our lineup of experts and industry leaders will explore how culture humanises the built environment and revitalises public space. Showcasing case studies, and examining cultural initiatives that stimulate economic growth whilst creating more liveable, dynamic, and connected cities and communities.

- Chair: Benjamin O'Connor, NLA
- Minna Arve, Turku
- Laia Gasch, World Cities Culture Forum
- Lady Lucy French, Fleet Street Quarter
- James Mark, Therme Group
- Catherine Howe, Ealing Council

Infrastructure and Partnership
In association with City of London
The panel will discuss the challenges, what the potential gains are, the ways in which partnerships can foster innovation and entrepreneurship as well as examples of infrastructure partnership working for adapting to Climate Change and creating a centre for business for the future which is robust and resilient.

By sharing innovative approaches and success stories, we can encourage more cross-sector collaboration and lay the groundwork for a more sustainable and equitable future.

- Chair: Rosie Day, London Property Alliance
- Shravan Joshi, City of London
- Will Lunn, Sir Robert McAlpine
- Kate Hart, EC BID
- Antony Meanwell, E.ON UK
- Louise McGough, Greater London Authority
12:45 Lunch
13:15 - 14:15
Why You Should Back the Bakerloo

In association with LB Lewisham and LB Southwark
The Bakerloo line upgrade and extension won't just benefit south east London. Join this session to find out why you should ‘Back the Bakerloo’ no matter which part of London you're from.

- Chair: Martyn Evans, Landsec U+I
- Jennifer Daothong, Lewisham Council
- Matthew Yates, TfL
- Cllr Kieron Williams, Southwark Council
- Emma Talbot, London Borough of Harrow
14:00 Citizens as stakeholders in a circular city
In association with Arup
A circular economy requires a community to be ready participants of change in the place where they live. Communities are often left behind, feeling progress is put upon them rather than in partnership, yet enabling citizens to be active and willing participants is key to maximising the value of investments.

How do you get stakeholder buy in? How do you enable citizens to be active and willing participants to help deliver on a circular city? What are the key barriers and challenges – how do we overcome them?

- Chair: Angeliki Stogia, Arup
- James Cheung, Mamou-Mani & Fab Pub
- Cllr Peter Mason, LB Ealing
- Samantha Nicholson, Manchester Climate Change Partnership
- Dr Kate Jackson, Arup
Transforming productivity and building future skills
In association with Mace
From net zero to digital transformation and modern methods of construction, the built environment sector is finally seeing a wholesale transformation of how it delivers – but so far productivity improvements have been hard to quantify and we face increasing challenges in getting the right people with the right skills into the right jobs.

How can clients, consultants, contractors and designers work together to future-proof our industry? How do we ensure that we’re able to attract and retain the right talent to take the sector into the future – and to finally move the needle on driving productivity, sustainability and better outcomes for everyone?

- Chair: Benjamin O'Connor, NLA
- Andrew Jackson, Mace
- Anna Bond, Grosvenor
- Paolo Nistri, Places for London, The TfL Property Company
- Dr Bola Abisogun OBE, Digital Twin Skills Academy
Future Workplace Fit Out: Enhancing Sustainability and Productivity
In association with Savills
Creating healthier and more energy efficient spaces are just some of the objectives when fitting out or retrofitting our existing workplaces. In doing so, organisations are having to grapple with redesigning offices in a post-covid era to make best use of their space, as well as facing challenges around sustainability and the circular economy. In this session we delve deeper into specific aspects of workplace design and fit out, including materials, lighting, HVAC, energy management systems and how to make the best out of the landlord/tenant relationship.

- Chair: Dan Jestico, Savills
- Maliha Haque, LOM
- Richard Hollis, AECOM
- Daniel Rafferty, Stanhope
- Andy Lantz, RIOS
14:45 Break 14:30 - 15:30
A New Generation of Confidence
In association with Manchester
Greater Manchester has international ambitions, striving to become a world-leading destination for visitors, investors, business and residents. A new trailblazing devolution deal has given Greater Manchester a renewed confidence, with more control over the future it creates for the next generation.

By placing sustainability and social responsibility at the heart of its plans, the region hopes to become greener, fairer and more prosperous, setting the blueprint net-zero innovation and transformational change. Inspired by its industrial and cultural heritage, Greater Manchester also has plans for a new era of innovation, to create solutions to global challenges and facilitate inclusive growth across the region.

This session explores how Greater Manchester hopes to achieve its goals, where it is on the journey so far, and the next steps in creating a new generation of confidence.

- Chair: Mike Emmerich, Metro Dynamics
- Becca Heron, Manchester City Council
- Stephen O'Malley, Civic Engineers
- Simon Arnott, Morgan Sindall Construction
15:15 Sustainable construction
and retrofit
In association with Mace
To meet ambitious global net zero targets, the entire construction process needs to be challenged, and collaboration between all stakeholders is essential. Does the industry have all the necessary skills? What social and financial values are generated by a more sustainable process? What changes are being made in the sector to move towards financing and adopting new sustainable construction methods?

- Chair: Yasmin Jones-Henry, ING Media
- Ged Simmonds, Mace
- Emma Harvey-Smith, GFI
- Mark Tillett, Heyne Tillett Steel
- Hariom Newport, Infrastructure Projects Authority
- James Atherton, The Crown Estate
The rise of Innovation Districts: Knowledge, Inclusion, Growth
This fast-maturing sector is significantly contributing to the financial growth of the capital as well as investing in long term public / private partnerships. However, sustainable and flexible design, urban integration and inclusive placemaking remain some of the biggest challenges they face today and into the future.

The successful integration of life sciences infrastructures into the existing urban landscape requires interdisciplinary collaboration between architects, engineers, urban planners, regulatory authorities and experts in the sector. How can the industry support this collaboration when designing and integrating place-based districts?

- Chair: Catherine Staniland, NLA
- Sam Markey, Connected Places Catapult
- Paul Westwood, RIOS
- Dr Ivana Poparic, MedCity
- Nuala Gallagher, Liverpool City Council
- Caroline Mulholland, Sir Robert McAlpine
Industrial intensification of London
In association with JLL
To successfully implement intensification, there are several key considerations that need to be addressed. These considerations revolve around overcoming various hurdles, such as planning and transport constraints, viability issues related to land value, construction costs, and potential yields, taking into account the opinions of occupiers, and ensuring alignment with the ESG agenda.

- Chair: Andy Harding, JLL
- Mike Best, British Land
- Tessa English, JLL
- Sophie Dracup, SEGRO
- Jonathan Langham, Be First
15:45 - 16:45
Local ambition delivering national priorities: how Liverpool City Region’s focus on clusters is driving growth

In association with Liverpool
The Liverpool City Region is a true global gateway, a place for pioneers, built on international trade and connectivity and driven by innovation. The region has a clear focus on nurturing its world-leading Health and Life Science, Advanced Manufacturing and Digital Creative clusters, with a target to invest 5% GVA in research and development by 2030.

The region will be home to the UK's only Life Sciences Investment Zone, which will help to deliver investment of over £1bn. Join this session to find out about how innovation is helping to create an attractive place for forward thinking businesses to innovate and invest in.

- Chair: Stephen Cowperthwaite, Liverpool Place Partnership
- Dr Aileen Jones, Executive Director of Investment and Delivery
- Gavin Quinn, Head of Commercial Development for Growth Platform
- Nuala Gallagher, Corporate Director of City Development
- Sophie Bevan, Director of Development and Major Projects

Drinks will be served from 16:00
16:00 Break
16:30 - 17:30 Future leaders
In association with Gardiner & Theobald
Leanne Tritton, Chair of the London Society, will present 'a new new vision for London' and join a panel discussion with the future leaders of London to discuss the challenges we may face and the ambitions we should strive for to create a greener, safer and more equitable city.

- Leanne Tritton, London Society / ING Media

- Chair: Kat Hanna, Avison Young
- Leanne Tritton, London Society / ING Media
- Evie Treanor, Gardiner & Theobald
- Fred Adomakoh, Introba Consulting
- James Campbell, Mace
- Alla Elmahadi, Buckley Gray Yeoman
- Emma Lally, Momentum Transport Consultancy
- Lauren Williams, Places for London, The TfL Property Company

- Zamzam Ibrahim, Climate Justice Campaigner
Embedding social value in the planning process
In association with EG
In this session, we will debate what progress is being made in real estate to go above and beyond planning compliance to deliver better places to live and work and rebuild trust in our communities. What role does planning policy play? How can developers and planners maximise social value through collaboration? And what engagement is needed across all stakeholders to lead to more inclusive, sustainable and beneficial projects for communities and society as a whole? Join us at LREF, where these and more questions will be answered.

- Chair: Sam McClary, EG
- Pooja Agrawal, Public Practice
- Kirsten Hewson, Shoosmiths
- Cath Shaw, Barnet Council
- Lucy Wood, Stantec
- Thomasin Renshaw, Pocket Living
NextGen drinks reception
In association with Gardiner & Theobald

Tours Day

The Tours Day returned for 2023 on 28 September, with our delegation taking to the streets to explore some of the capital’s most exciting developments and new projects. Tours were conducted via Routemaster or on foot.

Each tour began in the morning and included breakfast and/or lunch alongside networking opportunities.

 Tour locations

North: Brent Cross / Upper Edmonton
With Related Argent / Enfield Council
Join the team from Related Argent who are delivering Brent Cross Town, a 180-acre, £8bn net zero park town for London that is underpinned by core values of social connectivity, environmental sustainability, and health and wellness. Five buildings are under construction, including the first for sale, build-to-rent and student homes, and the first permanent new park, Claremont Park, opened to the public last summer. A new train station, Brent Cross West, is due to transport its first passengers later this year, and Sheffield Hallam University will open its first campus outside of Yorkshire at Brent Cross Town. When complete, the town will include 6,700 new homes, modern flexible workspaces for 25,000 people, a thriving high street and 50 acres of green parks and playing fields. Find out more at

Later on, the tour will move on to Upper Edmonton. The tour will begin at Meridian Water which forms the backbone of Enfield’s ambitious plans for good growth across the borough. It is a distinctive new neighbourhood that nurtures economic, environmental, and social sustainability. It provides 10,000 new mixed tenure homes together with almost 8ha of new parkland and 6,000 new jobs. The first homes in the development are nearing completion.

Next up on the tour will be Bloqs. Enfield Council collaborated with Bloqs to facilitate moving their premises through the adaptive reuse of a former vehicle testing plant. The result is the largest open-access workshop in Europe with state-of-the-art facilities. Following a break for lunch, we will visit the Fore Street area. In 2021, residents of the Joyce and Snell’s estates voted in favour of our regeneration proposals providing around 2,000 sustainable homes, a safer estate, improved green spaces and play facilities. We will also explore a collection of award-winning spaces for culture, play and work, developed in partnership with the community of Edmonton to steward positive change in an area that faces significant challenges and future growth. Led by Enfield Council with the support of the Greater London Authority’s Good Growth Fund, the programme was designed by Jan Kattein Architects along with locally based Fisher Cheng Architects and delivered by local businesses including Nico Construction, Sullivan Brothers and Bloqs. Highlights include Angel Yard (transformation of derelict garages into affordable workspaces), Fore Street Living Room Library (retrofit of well-loved library into vibrant local community space), Angel Edmonton artworks (public art connecting high street to wider community led by community organisation REACT) and Grove Street (new school street).

09:00-15:00South (A): Canada Water
Take in the full extent of British Land’s extensive 53-acre Canada Water Masterplan: London’s most sustainable regeneration project. This corner of Zone 2, just two stops from London Bridge, is surrounded by 130 acres of green and blue, and will ultimately see 3,000 new net zero homes of which 35% are affordable, 1m sq ft of retail and leisure, up to 2.5m sq ft of workspace for 20,000 workers, and 12 acres of new public space. Phase 1 is due to complete next year, and the first buildings at Paper Yard – the new life sciences quarter – are already open. The tour will head on from Canada Water to take in the latest developments in Southwark.
09:00-15:00South (B)
Take in the full extent of British Land’s extensive 53-acre Canada Water Masterplan: London’s most sustainable regeneration project. This extraordinary corner of Zone 2, just two stops from London Bridge, is surrounded by 130 acres of green and blue, and will ultimately see 3,000 new net zero homes of which 35% are affordable, 1m sq ft of retail and leisure, up to 2.5m sq ft of workspace for 20,000 workers, and 12 acres of new public space. Phase 1 is due to complete next year, and our first buildings at Paper Yard – the new life sciences quarter – are already open. Come and see London’s best kept secret. Plus, join Lewisham Council and LandSec in exploring the future regeneration opportunities of Catford, including the famous Catford Cat! The tour will then head to the busy and diverse Lewisham Town Centre before we finish in Deptford, a major artistic and creative hub.

Central: City of London
Explore key new developments around the Square Mile in this walking tour around the historic heart of London. In the City of London, the focus will be on the environmental, commercial and experiential value that buildings bring to the area.As part of the tour Sir Robert McAlpine will be hosting an exclusive behind the scenes tour of the Broadgate campus and projects. 1 Broadgate and 2 Finsbury Avenue are the fifth and sixth projects to be delivered under the Broadgate Framework for British Land and GIC. Once complete, the 14-storey and 37-storey schemes will add over 1,300,000 sqft of offices 50,000 sqft of retail to the campus.

The tour will call in at the Childline HQ to witness the inspiring work of the service, where on average 2 children a minute contact to be supported by Childline counsellors. Visitors will gain first-hand insight into the live running of Childline and hear from NSPCC representatives on what it is like to work at the service.

09:30-14:30Central: West End
Explore the developments in the vibrant, cultural centre of London. Join Central District Alliance (CDA) for a bus tour around Holborn and Clerkenwell, visiting several placemaking and development projects that have transformed public spaces within the CDA Business Improvement District (BID)The tour then ventures to the Fleet Street Quarter which has shown an extraordinary capacity for reinvention and this next period is set to be the most radical yet. With more than 34 new and refurbished schemes poised to deliver an estimated 3m sq. ft of new Grade A office and retail and leisure space with a GDV of up to £5bn by 2028, this tour will take in many of the area’s transformative schemes.
Join Inward Investment, as part of a council wide conversation to join up outcomes following the pandemic.This tour from Ealing to Southall will look at how ways to encourage active travel and avoid adding to local traffic, ensuring an inclusive neighbourhood, supporting healthy living and integrating business network into the community.