Naomi Heaton

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Naomi Heaton, CEO of London Central Portfolio and The Other House

Naomi Heaton (married name Waxman; née Jarrett) is Group Chairman and owner of UK real estate investment advisory London Central Portfolio Limited (LCP) and associated companies, LCP Corp, LCP Capital Investments, LCP HQ and LCP Hospitality Holdings. Dubbed "property queen" by the London Evening Standard,[1] Naomi set up one of the first buying agents in the UK and was a pioneer of residential property funds targeting central London's rental sector,[2] including the UK's first sharia-compliant residential fund.[1] In December 2019, LCP Hospitality Holdings entered a joint venture partnership with APG, the Dutch Pension Provider, to establish The Portfolio Club[3] with the purpose of launching a new hospitality brand, initially in central London. Called The Other House, Naomi is co-founder and Chief Executive.

Early career[edit]

Naomi Heaton joined advertising agency Leo Burnett after graduating from Oxford University in 1977 with an MA(Hons) in Human Sciences.[1] After moving to Saatchi & Saatchi in 1982 she became a board director in 1984.[1] A further move to Young & Rubicam saw her appointed as main board director from 1985–1986.[4]

Founding London Central Portfolio and the LCP group of companies[edit]

Naomi bought her first property—a garden flat in Camden Town—at age 26[2] and began buying, renovating and selling property on for profit as a hobby[1] while pursuing her advertising career. Ready for a new challenge and recognising a gap in the market for assisting investors like herself in the London real estate market,[5] Naomi established London Central Portfolio (LCP) in 1989[6] to provide a full asset management service including property finding, refurbishment and lettings.[5] Naomi is owner and chairman, as well as holding directorships on further LCP group companies established in 2013–2014[7] and 2019[8][9] together with a number of listed property funds.[10]

Establishing The Portfolio Club and The Other House[edit]

Naomi established LCP Hospitality Holdings in 2019[11] to enter a joint venture with APG, the largest pension provider in the Netherlands with €587 billion in assets under management (May 2021).[12] APG is an active investor in the hotel sector. It has invested in the citizenM hotels and has recently increased its investment in a number of leading European hotels.

The resulting joint venture partnership, The Portfolio Club (TPC), is developing a lifestyle brand known as The Other House, establishing a new sector of ‘Residents Clubs’ offering flexible stay accommodation with access to hotel style services on demand through a bespoke app.[13][14]

To date The Portfolio Club has acquired two assets. The first acquisition in December 2019 was a hotel known as Harrington Hall in South Kensington.[citation needed] The second acquisition in October 2020 was The Wellington Block in Covent Garden, acquired from Capco Holdings for £76.5m.[15]

The Other House showcases the best in British design, utilising green technologies, focussing on sustainability and positive social and environmental impact.[16]

Other activities[edit]

Naomi is considered a property investment expert[17] and has appeared on international media including BBC Radio 4's Today Programme,[18] BBC Radio 5 Live,[19] Sky News[20] and Reuters.[21] In 2017 she was named as one of London's top 50 CEOs by Citywealth,[22] as London's top buying agent by Spear's,[23] and as one of Debrett's people of today.[4] She regularly speaks at real estate and finance conferences[24][25][26] and since the launch of The Other House, hospitality events including Hotel Designs Live and Hospitality Leadership Design Conference.[27][28]

Naomi is married to Jonathan Waxman,[17] Professor of Oncology at Imperial College, founder and lifetime president of Prostate Cancer, the UK’s largest male healthcare charity, and author of around 400 scientific research papers and chapters, 11 books on cancer, a law book, a novel and two collections of short stories.[29][30][17] Their home, a Nash stucco terrace near Regent's Park,[31] has been featured in the London Evening Standard,[1] Homes & Antiques Magazine,[17] and The London Magazine;[31] Naomi’s interiors expertise has also appeared in the London Evening Standard.[32]

See also[edit]

London Central Portfolio Limited

References[edit]

  1. ^ a b c d e f Hoggard, Liz (18 February 2015). "Property queen Naomi Heaton's London home". London Evening Standard.
  2. ^ a b "Naomi Heaton". The Review Magazine. 24 June 2017.
  3. ^ "The Portfolio Club announces acquisition of The Wellington Block, Covent Garden For £76.5 Million". Hospitality Interiors. Retrieved 7 July 2021.
  4. ^ a b "People of Today". Debrett's.
  5. ^ a b "INTERVIEW: Naomi Heaton on 25 years of finding returns in PCL • PrimeResi". PrimeResi. 2017-04-07. Retrieved 2018-02-19.
  6. ^ "Naomi Heaton, London Central Portfolio Ltd: Profile & Biography". Bloomberg.
  7. ^ "Companies House". beta.companieshouse.gov.uk. Retrieved 2017-10-24.
  8. ^ "Companies House". find-and-update.company-information.service.gov.uk. Retrieved 7 July 2021.
  9. ^ "Companies House". find-and-update.company-information.service.gov.uk. Retrieved 7 July 2021.
  10. ^ "Women For Media". womenformedia.30percentclub.org. The 30% Club. Retrieved 2018-02-19.
  11. ^ "Companies House". find-and-update.company-information.service.gov.uk. Retrieved 8 July 2021.
  12. ^ "APG". apg.nl. Retrieved 8 July 2021.
  13. ^ Harmer, Janet (10 May 2021). "New lifestyle hospitality brand the Other House to launch two London properties". The Caterer. Retrieved 28 July 2021.
  14. ^ "Companies House". find-and-update.company-information.service.gov.uk. Retrieved 28 July 2021.
  15. ^ Caswell, Mark. "The Portfolio Club plans hotels in Covent Garden and South Kensington". Business Traveller. Retrieved 8 July 2021.
  16. ^ Kilburn, Hamish (26 May 2021). "In Conversation With: Naomi Heaton, CEO, The Other House". Hotel Designs. Retrieved 28 July 2021.
  17. ^ a b c d York, Peter (March 2017). "Living Boldly". Homes & Antiques.
  18. ^ Heaton, Naomi (December 8, 2016). "Stamp Duty changes". Today (Interview). Interviewed by Dominic O'Connell. London: BBC Radio 4.
  19. ^ Heaton, Naomi (March 13, 2015). "RICS house price data". BBC Radio 5 Live (Interview). Interviewed by Rob Young. London: BBC Radio 5 Live.
  20. ^ Heaton, Naomi (April 30, 2015). "Zoopla/uSwitch merger". Sky News Business (Interview). Interviewed by Samantha Washington. London: Sky News.
  21. ^ Heaton, Naomi (March 6, 2015). "Student tenants in central London". Reuters (Interview). London: Reuters.
  22. ^ "Naomi Heaton - Citywealth Leaders List". Citywealth. 2017.
  23. ^ "Naomi Heaton". Spear's Magazine. 20 February 2017.
  24. ^ "Panellists At Resi Investment Conference". www.resiinvestment.com. Retrieved 2017-10-24.
  25. ^ "The Euromoney London Islamic Finance and Investment Conference". www.euromoneyconferences.com. Retrieved 2017-10-24.
  26. ^ "BVCA Real Estate Forum". www.aztecgroup.co.uk. Retrieved 2017-10-24.
  27. ^ "Hotel Designs LIVE: A new era of lifestyle". Hotel Designs. 20 May 2021. Retrieved 8 July 2021.
  28. ^ "London 2021". Hospitality Leadership & Design Conference. Retrieved 8 July 2021.
  29. ^ "Our People". Imperial College London. Imperial College London. Retrieved 9 August 2021.
  30. ^ "Our Trustees". Prostate Cancer UK. prostatecanceruk.org. Retrieved 9 August 2021.
  31. ^ a b York, Peter (21 September 2017). "Naomi Heaton: A Nash house in Regent's Park". The London Magazine.
  32. ^ Hoggard, Liz (2015-02-17). "A design masterclass with Naomi Heaton: a simple 10-point action plan". London Evening Standard. Retrieved 2018-02-19.