Consensus Business Group
From Taighde
Consensus Business Group was spun off by Vincent Tchenguiz in 2001 from Rotch Property Group, the company he owns with his brother, Robert Tchenguiz. Vincent took Paul Taylor, who was chief executive of Rotch, with him to Consensus, which was built upon Owners Provident, the section of Rotch that dealt with residential property.[1]
Taylor left in March 2006 to form Three Delta, taking with him some other colleagues from Consensus.
Consensus Business Group was incorporated on 08/09/2003 with the Company Number 04890494. It is registered at the following address:
4th Floor Leconfield House
Curzon Street
London
W1J 5JA
However, the Consensus website lists the address as:
35 Park Lane
London
W1K 1RB
Tel.: +44 20 7355 7777 (main switchboard)
Fax.: +44 20 7409 2304
Email: info@cbg.uk.com
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Portfolio
Consensus holdings include 200,000 residential units and 2,000 commercial sites. The Capital Finance division has a property financing unit through which Vincent has bought some Hilton Group hotels for £350 million and a bit of Dixons’ property for £50 million. There is also a fund-management unit that runs hedge funds, trades in foreign exchange and derivatives, a range of technology ventures (including a deal to manage the placement of telecoms masts inside church spires in return for cash), and a human-resources business.
In 2005 Vincent was quoted as saying that "About three-quarters of our business is debt...But it has come down considerably — about 20% — over the years. It’s about £3 billion at the moment."[2]
Company "About US" Message
Consensus is a multi-faceted principal advisor to the trustees of the Family Trust, its ultimate beneficial owner. The core business includes structured finance; acquisition, management and development of commercial and residential real estate; and a substantial portfolio focused on the environment, new technologies and technology start-ups.
The Group is also the owner/manager of over 420,000 residential freeholds throughout the UK, making it one of the largest owners of residential properties in the UK.
Consensus’s innovative Financial Engineering team accesses the global banking network to create a structured finance capability focused on debt solutions with an efficient risk/return profile.
The key area of growth for Consensus is its technology investment programme, in companies and specialised funds, currently in excess of $500m and increasing by $250m per year. Coupled with a substantial business development network, it provides Consensus with an unparalleled level of access to new technologies, new industry models and economic acceleration resources.[3]
Company History
Vincent Tchenguiz, along with his brother Robert, is the co-chairman of Rotch Property Group, which was founded in 1982.
Since its establishment, Rotch has become one of the largest and most innovative property and finance groups in the UK. It owns properties with a value of over £4 billion and holds interests in operating businesses which have significant property assets.
In 2001 the Tchenguiz brothers completed the restructuring of the Rotch Property Group, creating two new firms in the process.
Vincent established a new company called Consensus Business Group whilst Robert established R2O. Both companies still manage assets from Rotch; however the individual companies have distinct focuses.[4]
Charitable Support
The Consensus Business Group gives charitable support to the following organizations. Vincent Tchenguiz is especially interested in renewable energy and "green" technologies, though mostly because he sees a lot of potential earnings in the field.
Renewable Energy Foundation
Army Benevolent Fund
Duke of Edinburgh Award Scheme
Maggie’s Cancer Caring Centres
The Anne Frank Trust
