John Gallagher from the Christchurch fund, talks to 90 Seconds about what is the future of Christchurch?
The devastating earthquake in early 2011 has left the city of Christchurch, New Zealand in ruins with key buildings needing to be rebuilt or relocated. Despite the tragedy, this is now a perfect opportunity to rebuild most of the city in a more sustainable way, using the best eco-friendly techniques and materials. Investment returns are promising.
What is the Christchurch Fund?
John Gallagher: member of a third generation Christchurch family. John’s parents ran a local retailer on Cashel Street. John is a self-made businessman currently based in the UK. John felt an immediate commitment to try and help the Future of Christchurch.
Many people are wondering what is the future of Christchurch? John Gallagher was a former All Black and League player for New Zealand, post his successful Rugby and League career, he has transitioned into a successful business man, he now heads up the Christchurch Fund at Impact Investments. John Gallagher born and raised in Christchurch, is touched by the dramatic events that has left the city broken. He has a firm commitment to seeing the beautiful city rebuilt to a more sustainable one with a bright and promising future for Christchurch.
The background of Christchurch
The major earthquakes of 4th September 2010 and 22nd February 2011 devastated the New Zealand city of Christchurch. The city has been left with a multitude of social, economic and environmental issues. With much of the CBD not operating and structurally unsafe, the local population has lost jobs and businesses. There is an urgent need to provide financial and other support to the people of Christchurch most affected by the earthquakes to assist them in re-establishing their lives and livelihoods.It is clear that NZ Government money and insurance money will not be enough to regenerate the city. Inward investment is going to be required to assist the process, in order to establish what the future of Christchurch is.
The Christchurch Investment Fund is an impact investment platform that affords investors the opportunity to receive a market related financial return on their investment whilst also contributing to the long-term social, economic and environmental regeneration of Christchurch. The fund will co invest with ideas and capital raised in Christchurch. The fund will supply international capital and expertise as required. Impact Investments are structured to solve social and/or environmental challenges, at the same time as generating financial returns. Typically these investors are committed to doing well while doing good.
Born in Christchurch, NZ, John Gallagher now lives in England. He has successfully developed and sold a number of businesses, including FootFall Ltd, sold in 2005 to Experian. It was a multi-national business involved in all major retail property developments in Europe between 1999 – 2006, as well as in Asia. He is also involved in social impact investments in South Africa with Inqo (www.inqo.co.za) and is a director of Pera Pera (www.perapera.com.tr), a Turkish property investment firm. He is also Chairman of MediaFed Ltd.
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