Big-name property developers and investors have emerged as some of the biggest donors to London mayoral candidates in the early stages of the campaign, Property Week can reveal.
High-profile individuals including Mount Anvil chief executive Killian Hurley, former Land Securities chairman Lord Myners and Minerva founder Sir David Garrard have all backed candidates with a substantial sum.
Similarly, property companies including London developer Galliard Holdings, high-end estate agency Beauchamp Estates and London estate Canary Wharf have also made sizeable donations.
The starting gun for the mayoral election was fired after the general election and both Labour and the Conservatives have now unveiled a shortlist of candidates.
Former Olympics minister Dame Tessa Jowell, Tooting MP Sadiq Khan, Tottenham MP David Lammy, Hackney North MP Diane Abbott, journalist Christian Wolmar and Harrow West MP Gareth Thomas are vying to be the Labour candidate, with Jowell and Khan the early favourites.
Richmond Park MP Zac Goldsmith, London deputy mayor for policing and crime Stephen Greenhalgh, Conservative London Assembly member Andrew Boff and MEP Syed Kamall are competing to be the Tory candidate.
Property Week analysed the most up-to-date information from both the Register of Members’ Financial Interests and the Electoral Commission, where donations of more than £1,500 must be declared.
Galliard Holdings’donation to David Lammy
Donation by DCD Properties to Sadiq Khan
Canary Wharf Ltd’s donation to Tessa Jowell
Lammy, in particular, has attracted the support of a number of high-profile London developers.
Killian Hurley, chief executive of London residential developer Mount Anvil, has donated £5,000 in a personal capacity to Lammy’s campaign.
Hurley told Property Week: “We need a robust debate to ensure the rising tide helps to lift all the boats - how to use the city’s booming property market to benefit all Londoners through new homes, new jobs and new communities.
“David Lammy engaged early, consulting on his vision for how to ensure that everyone shares in London’s success. He proactively asked me for my support for his campaign and I was delighted to be able to offer it.”
London developer Galliard Holdings has also donated £15,000 to Lammy, along with high-end estate agency Beauchamp Estates, which has donated £2,000 and Minerva founder Sir David Garrard, who has donated £7,500.
Galliard chief executive Stephen Conway said the developer was not making any other donations to mayoral candidates. “From a poor immigrant background, we found the David Lammy story compelling,” he said.
An individual listed as Mike Hussey, thought to be the chief executive of Almacantar, whose company is converting iconic tower Centre Point into luxury flats, has also donated £10,000 to Lammy. Hussey could not be reached this week.
Labour frontrunners Tessa Jowell and Sadiq Khan have also been backed by property developers. Jowell received an £11,500 donation from Canary Wharf Ltd and has also been backed by Paul Myners, the former chairman of Land Securities, with £5,000.
Khan has received £20,000 in total from DCD Properties over the last year, £9,900 from AA Homes & Housing and £10,000 from Henley Homes.
A recently registered donation to Tory frontrunner Zac Goldsmith is also linked to the property industry, with Hani Madanat, founder and director of local agency Coombe Residential, donating £4,000 to the Richmond MP.
Ballots for the London mayoral race were sent out last week, along with those for Labour’s leadership election, with the winning candidate to be announced on the weekend of the 12-13 September. The winning Tory candidate is expected to be unveiled before the end of September.
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