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I accept and agree for and on behalf of myself and the Trust I represent (each a "recipient") that:

  1. PricewaterhouseCoopers LLP (“PwC”) accepts no liability (including liability for negligence) to each recipient in relation to PwC’s report. The report is provided to each recipient for information purposes only. If a recipient relies on PwC’s report, it does so entirely at its own risk;
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  4. PwC’s report was prepared with Hermes Property Unit Trust's interests in mind. It was not prepared with any recipient's interests in mind or for its use. PwC’s report is not a substitute for any enquiries that a recipient should make. The financial statements are as at 25 March 2017, and thus PwC’s auditors’ report is based on historical information. Any projection of such information or PwC’s opinion thereon to future periods is subject to the risk that changes may occur after the reports are issued and the description of controls may no longer accurately portray the system of internal control. For these reasons, such projection of information to future periods would be inappropriate.
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Hermes Property Unit Trust

  • Chris Mathew - Fund Director, HPUT

    Chris is the Fund Director for the HPUT, joining Hermes in July 2002. Chris qualified as a chartered surveyor in 1995, and prior to joining Hermes was an associate partner in the valuation consulting team of Drivers Jonas, a position he held for four years. At Drivers Jonas, Chris dealt with options appraisals / estate strategies on client portfolios; negotiation for the sale and purchase of interests in specialist properties, and was latterly seconded to the sponsors of the World Athletics Championships to advise on site assembly and real estate issues. Before joining Drivers Jonas, Chris worked at King Sturge and the Investment Property Databank. Chris has been working in the HPUT team since April 2003, became Fund Manager in June 2006 and Fund Director in April 2007. Chris is a member of the Association of Real Estate Funds Management Committee, and chaired the sub-committee that brought in guidance on expense ratios and the revised Code of Practice.

  • Mark Beattie - Deputy Fund Manager, HPUT

    Mark joined Hermes in 2005 as an Investment Surveyor focusing on acquisitions and disposals for three of Hermes principle clients. In 2007, Mark was promoted to Investment Manager of the Unit Shop and Food Store portfolio where he was responsible for the performance of c.£700m of directly held assets across three funds. In 2009, Mark joined the HPUT team, focusing on HPUT’s acquisitions and disposal programme, which soon developed into his current role as Deputy Fund Manager of HPUT. Prior to Hermes, Mark joined DTZ in 2001, where he gained experience in the professional team, UK valuations and investment agency before qualifying as a Chartered Surveyor in 2003. Mark’s last two years at DTZ were spent within the Private Client Investment team, undertaking acquisitions and disposals across all sectors throughout the UK.

  • Russell Black - Director, Asset Manager, HPUT

    Russell joined Hermes in March 2002 as a Retail Surveyor to work on a UK mixed use retail portfolio. In 2005 he was appointed as an Investment Manager responsible for the Hermes Retail Warehouse portfolio (approx £700 million) with responsibility for both direct and indirect retail warehouse assets. In 2009 Russell was appointed as Asset Manager for the Hermes Property Unit Trust.

  • Ben Tolhurst - Director, Asset Manager, HPUT

    Ben joined Hermes in 2010 as an asset manager for the Hermes Property Unit Trust. He holds a Diploma in Property Valuation and Management and is a Member of the Royal Institution of Chartered Surveyors. He has 17 years experience in the property industry in the UK and Europe, most recently as Head of Asset Management at Edinburgh House Estates, David Roberts’ property vehicle. Prior to that he was a Partner at Donaldsons where he gained private practice experience across all commercial property sectors in a range of professional and managerial roles.

  • Matthew Chillingworth - Asset Manager, HPUT

    Matthew joined Hermes in March 2012 as an Asset Manager for the Hermes Property Unit Trust. Prior to this he was Associate Director in the Property Asset Management Department at Jones Lang Lasalle having been in the role for 6 years and he previously worked in Valuation and Property Management in Australia. Matthew has a degree in Land Economics and 10 years experience in the property Industry in both the UK and Australia.

  • Charlie Flather - Investment Surveyor - HPUT

    Charlie joined Hermes in October 2013 as an Investment Surveyor. His principal focus is working on the Hermes Property Unit Trust, alongside other investor clients. Charlie began his career in the UK property industry in 2008, working at Jones Lang LaSalle in their property and asset management department, specialising in South East Offices and the Industrial sector. He has most recently worked in the Bidwells Investment team, focussing on nationwide acquisitions and disposals across all sectors. Charlie holds a degree in Property Investment and Management from Nottingham Trent University and qualified as a Chartered Surveyor in 2012.