ZAGALETA LIFE MAGAZINE issue 28 2021 by La Zagaleta Lifestyle Magazine

Special Edition 2021

Benefits of Community Living

Marbella.BentleyMotors.com

BENTLEY MARBELLA Continental GT V8 Convertible WLTP drive cycle: fuel consumption, l/100 km – Combined 12.5. Combined CO₂ – 284 g/km.

EDITOR’S NOTE

Welcome back with Zagaleta Life Edition 28.

COLUMN

Remembering Don Enrique Pérez Flores, Founder of La Zagaleta.

THE BENEFITS OF COMMUNITY LIVING

Reflections on a formula based on a success story.

COLUMN

How to be a front runner without losing authenticity and tradition.

COLUMN

COVID, a diagnosis and an opportunity.

COLUMN

Interview with Security Strategy Director José Miguel Navarro.

A LEAGUE OF ITS OWN

The zenith of Italian coach-building, the 1956 A6G/2000 Maserati Zagato Berlinetta.

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ZAGALETA CORNER

Meet Carmen Rodriguez, Olga Ramos and Monica Manser.

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FROM EGO TO ECO

The most significant green tech news that have changed the way we live.

REED HASTINGS

The rise of Netflix CEO and Co-Founder.

116

INTERVIEW

PARADIGM SHIFT

A conversation with Mark Holman.

Ferrari writes a new chapter with the SF90 Stradale, its first series production PHEV.

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Zagaleta joins Círculo Fortuny as a Member of the Board of the association.

ZAGALETA FEATURED PROPERTIES

Panoramic vistas at Casa del Sol, Villa Genève, Casa Radclyffe, Villa Z’Unica, and ongoing projects.

ZAGALETA LIFE

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LIFESTYLE NEWS

124

TOUCH TO GO

Bang & Olufsen’s Marbella presents Beoliving Intelligence.

store

Prop er ty Collection 202 1

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SUSTAINABILITY: A CALL TO ACTION

Airbus Corporate Jets, Rolls-Royce Motor Cars, and Southern Wind keep getting greener.

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A TIME FOR ALL THINGS Highlights from Watches & Wonders 2021.

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The renaissance of an exceptional achievement.

Truth, transparency and trust are at the heart of The European Fine Art Fair.

TEFAF MAASTRICHT

ZAGALETA NEW COURSE

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170

Business persons in the spotlight.

Venture capital dollars that went to startups founded by women hit $3.54 bil.

WOMEN-FOUNDED STARTUPS

TECH

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FULL SPEED AHEAD

Officina Armare’s latest concept cruiser.

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THE GUARDIAN OF THE STARS Michelin Guide charts a new direction.

THE SUM OF ITS PARTS

The present and future of robotics.

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THE ART OF FLOURISHING

See the world’s top floral artists work at the crossroads of architecture, landscaping and fashion.

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DEEP-SEATED TRADITION

French saddle-making and Spanish equestrian tradition at the Hermès boutique in Puerto Banus.

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ART NEWS BY ZAGALETA

Diversified digitalisation marks a bright future for the art world. Nº 28 - 2021

2021

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EDITOR

Ignacio Pérez Díaz ignacio.perez@lazagaleta.com EDITORIAL COORDINATOR

Bruno Facchetti

Zagaleta Life Magazine is published by La Zagaleta S.L.U. Ctra. de Ronda, Km. 38,5. Apdo. Correos, 244, 29679 Benahavís - Málaga (España) Tel: +34 952 855 450 Fax: +34 952 855 313 C.I.F.:B-29533932. Depósito Legal Núm. MA 517-2008.

Facebook: La Zagaleta Official Instagram: @Zagaleta Youtube : Youtube.com/OfficialLaZagaleta Twitter: @Zagaleta

PROPERTY CO

Zagaleta Life Magazine is a registered trademark of the Spanish Patent and Trademark Office. All rights reserved. Under the provisions of Articles 8 and 32.1, second paragraph, of the Copyright Act, the reproduction, distribution and public communication, including their means of making available all or part of the contents of this publication for commercial purpose, is expressly prohibited without the permission of the publisher of the publication, La Zagaleta SLU.

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ZAGALETA LIFE

Dear reader, We are back with our 28th edition after a stop due to the Covid-19 pandemic. Here at ZAGALETA, the responsible approach and solidarity shown by all the parties involved, including members, employees, and management, allowed us to face the enormous challenges that have arisen since the beginning of the pandemic with satisfactory results and also thanks to the leadership of the different boards of directors. Later on in the year, on 4th November, we received the sad news that our Honorary President and Founder, Mr. Enrique Pérez Flores, had passed away at the age of 97. The common denominator shared by everybody who ever met, made friends, was employed, generated welfare or otherwise, created happy memories here at ZAGALETA was Don Enrique and the fantastic brand that he created, and which will go down in history. On page 8, we pay homage to him by retracing his personal and professional life from his birth in 1923 in the Andalusian town of Moguer, in the province of Huelva. Rest in peace, dear Father. In this special edition, and to celebrate the 30th anniversary of our company, we will be presenting the “Benefits of Community Living”, an article that reflects on the successful example of Zagaleta project. And we couldn’t possibly neglect to include the people who, in one way or another, contribute to the smooth running of a community of the size of ZAGALETA and improve it every day: we would like to thank the owners, the board of directors, the employees, the security and marketing teams for their valuable contribution. We will be returning to our usual exclusive interview format to talk to homeowner Mark Holman, who kindly showed us around his home. As for the rest of the magazine, we have kept all the different features and we have added, for this and future editions, a new section entitled “Zagaleta Corner”, where we will be introducing the different professionals who make up our team. We hope you will find it interesting. And let’s not forget all our exciting recent news, which includes the inauguration of the longawaited NEW COURSE, the golf academy and the new gourmet restaurant, ARBONAUTA, as well as our magnificent property portfolio. My warmest regards,

Querido lector: Ya estamos de vuelta con la presente edición, la nº 28, tras un parón debido a la crisis pandémica provocada por el Covid-19. En ZAGALETA, desde el inicio de la pandemia, la gestión responsable y actitud solidaria de todos los actores, socios, empleados y, dirección, han permitido, gracias al liderazgo de las distintas juntas directivas, afrontar las enormes dificultades con resultado satisfactorio. Más tarde, el 4 de noviembre, nos vino la triste noticia del fallecimiento de nuestro Presidente de Honor y Fundador, Don Enrique Pérez Flores, a sus 97 años. El denominador común de todas las personas que se conocieron, hicieron amistades, recibieron empleo y crearon riqueza en este lugar es Don Enrique y la gran marca ZAGALETA que creó y que perdurará en la historia. En la página 8 le rendimos homenaje con su trayectoria personal y profesional, desde su nacimiento en 1923 en la localidad andaluza de Moguer, en la provincia de Huelva. Descansa en paz, querido Padre. En esta edición especial, y con motivo del 30º aniversario de nuestra compañía, presentamos los “Beneficios de vivir en comunidad”, un artículo que recoge las reflexiones basadas en nuestro propio ejemplo y caso de éxito. En esta cobertura, no podíamos dejar de hacer partícipes a personas que, de un modo u otro, contribuyen a mejorar cada día los aspectos que componen la buena marcha de una comunidad del tamaño de ZAGALETA: agradecemos a propietarios, directiva, trabajadores, seguridad y marketing por tan valiosa aportación. En cuanto al resto de los contenidos, recuperamos el formato de entrevista exclusiva, en este caso, al propietario Mark Holman, que amablemente nos abre las puertas de su casa vacacional. Por lo demás, mantenemos las distintas secciones e incorporamos en la presente y futuras ediciones un nuevo apartado, “Zagaleta Corner”, dedicado a presentar distintos profesionales que forman parte de nuestra compañía. Esperamos sean de su interés, sin olvidarnos de las novedades más emocionantes de esta temporada: la inauguración del esperado NEW COURSE, la academia de golf y el nuevo restaurante gourmet, ARBONAUTA, así como nuestra magnífica colección de propiedades.

Un cordial saludo,

Ignacio Pérez Díaz Zagaleta Group

ZAGALETA LIFE

editor’s note

IN MEMORY OF ZAGALETA FOUNDER, MR. ENRIQUE PÉREZ FLORES By Ms. Rosa Pérez Díaz and family

Enrique Pérez Flores, our father, was born in Moguer on the 3rd of August 1923 and passed away at La Zagaleta, just 190 kilometres from his birthplace, on the 4th of October last year. Yet his life, his world, extended far beyond that distance. It is a life that we, his children, want to – and have to – remember. To celebrate, honour and remember, since as poetry reminds us, we can “find strength in what remains behind”. And the memory of our father and his work mean that he is still here among us, and his presence comforts us.

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Enrique Pérez Flores, nuestro padre, nació en Moguer el tres de agosto de 1923 y murió en La Zagaleta, a apenas 190 kilómetros de distancia, el pasado cuatro de octubre. Pero su vida, su mundo, superó con mucho esa distancia. Es una vida que nosotros, sus hijos, queremos -e incluso debemos- recordar. Celebrar, honrar y recordar; pues no cabe duda, como decía el poeta, que “la belleza subsiste en el recuerdo”. Y el recuerdo de nuestro padre y de su obra significa que sigue aquí entre nosotros, y esa presencia suya nos reconforta.

Ninety-seven years on this earth go a long way and, for our father Enrique, they went even further. He continued working, with his characteristic dedication and enthusiasm, right up until the last day of his existence. And his life also perfectly mirrored the evolution of our country, to which he contributed. Greatly. From Moguer, to Seville, Tangier, Tétouan, Zurich, La Zagaleta: a journey that reveals a lot and which can be organised into three main segments, the three sides of Enrique Pérez Flores: public servant, international financier, and innovative, visionary and committed entrepreneur. At just 24 years old, he joined the Special Corps as a Customs Specialist (what would be a tax inspector today). From there, he moved to Morocco as Director of Commerce for the High Commissary and from there to Tangier/Tétouan on secondment as a representative of the Ministry of Commerce. This brings us to 1960. Being a part of one of the big state administrative bodies, the closest thing that Spain has to the Civil Service or the ENA, had a great impact on him. Here, he developed an awareness of public issues and the common good, adopting a culture of compromise and service to your country. His sense of belonging was reinforced. This level of commitment was to be further fortified in Zurich. From 1960 until his retirement, a redundant expression in our father’s case, since he never stopped working. We could list an inventory of all our father’s achievements in Switzerland, but perhaps the most remarkable was his endeavours to avoid the weakening of the Spanish currency, the peseta. Its weakness at the time was a threat to Spain’s economic viability. The Spain/Switzerland reciprocity agreement for the establishment of banks and the founding of the Banco Exterior de Suiza, of which he was Managing Director and President, was a transcendent issue that paved the way for Spain’s subsequent development during the 1960s, with an annual GDP increase of approximately 10%. This saw the birth of the incipient Spanish middle class and the Spain of the SEAT 600: a new Spain where the transition of 1975 finally became possible.

Noventa y siete años de vida dan para mucho y, para nuestro padre, Enrique, dan para mucho más. No paró de trabajar, de comprometerse, de ilusionarse hasta el último día de su existencia. Es una vida que, por otra parte, refleja a la perfección la evolución de nuestro país, a la que, sin duda, él contribuyó. Y contribuyó mucho. Moguer, Sevilla, Tánger, Tetuán, Zúrich, La Zagaleta... Un itinerario, un recorrido que explica muchas cosas y que nosotros podríamos ordenar en tres grandes bloques; las tres hojas de Enrique Pérez Flores. Enrique como servidor público, Enrique financiero internacional, Enrique empresario innovador, visionario y comprometido. Con apenas 24 años ingresó en el Cuerpo Especial Facultativo Técnico de Aduanas (Inspector de Hacienda, hoy en día). De ahí, como Director de Comercio al Alto Comisionado en Marruecos y de ahí al eje Tánger/Tetuán como representante del Ministerio de Comercio en Comisión de Servicios. Así hasta 1960. No es un tema menor el pertenecer a uno de los grandes Cuerpos de la Administración del Estado, es lo más parecido al Civil Service o a la ENA. Lo cierto es que se toma conciencia de la cosa pública y del bien común, se inicia una cultura de compromiso y de servicio con tu país. Se refuerza el sentido de pertenencia. Y ese compromiso se iba a reforzar en Zúrich. Desde 1960 hasta su jubilación que, en el caso de nuestro padre, nunca significó que en algún momento dejara de trabajar. Más que hacer inventario de las múltiples actividades que realizó nuestro padre en Suiza, lo que quizás sea más destacable es su esfuerzo por evitar la fragilidad de la divisa española, la peseta, cuyo estado de salud en la época ponía en riesgo la viabilidad económica de España. El acuerdo de reciprocidad España/Suiza para el establecimiento de bancos y el alumbramiento del Banco Exterior de Suiza, del que fue Consejero Delegado y Presidente, es asunto transcendente que permitió el desarrollismo español de los sesenta, con crecimientos anuales del PIB en torno al 10%. Nace así esa incipiente burguesía española, esa España del SEAT 600 que es la que consiente al final una transición ejemplar como la que tuvimos a partir de 1975.

Our father was not far off 70 years of age when he suddenly fell in love with what would later come to be known as La Zagaleta. We are writing from here, enjoying the fruit of his labour, the place we consider home. There is no need to reiterate his commitment to excellence or mention once more the significance of Zagaleta brand. It is an exceptional intangible heritage. A true luxury for all of us, for Andalusia and for Spain itself.

No faltaba mucho para que nuestro padre cumpliera 70 años cuando de repente se enamoró de algo que vino a llamarse La Zagaleta. Aquí, donde estamos, disfrutando de su obra que consideramos nuestra casa. No vamos a repetir lo de la apuesta por la excelencia ni mencionar de nuevo lo que significa la marca Zagaleta. Es un patrimonio intangible excepcional. Es un verdadero lujo para todos nosotros, para Andalucía y para España.

Sometimes it does not hurt to reflect on the recent past. Refreshing your memory can be positive. Looking back on 1990, it is intensive construction and short-term profit that come to mind. Nobody would ever have thought to purchase almost 9 km 2 of terrain, particularly beautiful and blessed land at that, in order to build no more than 400 villas. It was bordering on madness! Very few people were discussing sustainability, respect and conservation at the time. And yet, so it was, so it is and so it will remain we hope. Beauty, safety, sustainability, and excellence: the best of the best. Thank you, Dad. Thank you, Enrique.

No viene mal, a veces, recordar el pasado reciente. Suele ser bueno refrescar la memoria. Si nos vamos a 1990 lo que recordamos es la edificación intensiva y el beneficio a corto. A nadie se le podría ocurrir entonces comprar casi 9 km cuadrados de terreno, de terreno especialmente bello y afortunado, para pretender construir no más de 400 villas, ¡qué locura! Pocos entonces hablaban de sostenibilidad, de respeto y de conservación. Y, sin embargo, así fue, así es y así esperamos que será. Belleza, seguridad, sostenibilidad, excelencia... Lo mejor de lo mejor. Gracias, papá; gracias, Enrique.

As much as a man is defined by his work, so too is his work defined by the man and we could not end this piece without a few recollections, no matter how small and incomplete, of Enrique Pérez Flores as our father. We cannot forget his values, his commitment, his tenacity, his sacrifice. Nor can we forget his smile, his empathy, his infinite curiosity, his ability to make friends. In short, his ability to love and be loved.

Tanto como las obras definen a un hombre, es el propio hombre también quien define sus obras, y no podemos acabar sin un recuerdo, aunque mínimo e inacabado, de Enrique Pérez Flores como nuestro padre. No podemos olvidar sus valores, sus compromisos, su tenacidad, su esfuerzo... Pero lo que no podemos olvidar es su sonrisa, su complicidad, su curiosidad infinita, su capacidad para hacer amigos... En definitiva, su capacidad para querer y para ser querido.

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BENEFITS OF COMMUNITY LIVING Reflections on a formula based on a success story column

ZAGALETA LIFE

Ignacio Pérez Díaz Executive Chairman, Zagaleta

How to be a front runner without losing authenticity and tradition The last three decades have seen a proliferation of gated communities – also known as gated resorts – in every corner of the world. While North America has something of a head start in this field, other parts of the world are taking inspiration from this highly appealing urban development model. Today, after 30 years of development, La Zagaleta® gated community is certainly amongst the most renowned ones in Europe and the world. Generally speaking, the best indicators of the overall level or category of an urban resort complex are housing, architecture and design, average property price and, last but not least, the residents themselves. A resort’s destiny is decided early on, when the developer purchases the land with its long-term vision in mind and presents a development plan, known as the “masterplan”, to local and regional authorities for approval. One thing is certain, the more precise the initial business vision for the type of residence, density, and concept, as well as the ecosystem and future buyer profile that they have in mind, the more success they will obtain in developing the real estate, resort and concept in general. As a result, they can fully specialise in that customer segment and establish themselves as a reference point over time. A professional management team will handle the entire development process, which includes outlining the long-term business model as well as how resort facilities will be operated. The selection or invention of a name that will stand out is also crucial if the resort is to develop into a brand and reference point, both on national and international level over the years, as was the case for ZAGALETA®. A drive for constant refinement will ensure that the resort improves year after year, becoming an increasingly attractive place to live. 12

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ZAGALETA ®

BRAND VALUES

NATURE, BEAUTY AND SPACE

CITY AND SHOPPING PROXIMITY

ANIMAL AND WILDLIFE OBSERVATION

TAYLORMADE CONCIERGE SERVICES

SECURITY, STRATEGY

NETWORKING, SOCIAL AND EVENTS

WORLD CLASS GOLFING

PRIME INFRASTRUCTURE

FOOD EXPERIENCES FAMILY ACTIVITIES

SPORTS AND OPENAIR ACTIVITIES

Source: Zagaleta Marketing

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ZAGALETA LIFE

In the year 2020, ZAGALETA® undertook the fixing works of the lake located between the 9th and the 18th. The works were used to enhance and improve the look and esthetic of “the connection” between the water and the fairways with a spectacular result

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Partial view of Zagaleta Community, Marbella and Puerto Banús

A REFLECTION ON THE “ZAGALETA CASE”: HOW WAS IT ALL POSSIBLE, WHAT ADVANTAGES DOES IT OFFER AND WHAT ARE THE DIFFERENTIATING FACTORS? DILEMMA: LIVE IN A CITY OR A GATED COMMUNITY

This is a fundamental decision for the majority of people engaged in importance of where we live, or, to put it another way, where we the buying process. Without examining which of these two lifestyles most want to wake up every morning. is the better, this article will explore the benefits of community life, Factors such as natural beauty, trees, birdsong and wildlife clash largely based on the community that we have with noise, air pollution and the traffic of created and developed here at ZAGALETA®, cities and agglomerations. The threat of leaving aside the benefits of living in the city potential infection by unknown viruses has Consensus statement: which certainly most all of us are already stopped the global movement of people In a closed community familiar with. in their tracks, and the places we want to like ours, you feel that The current context sees a combination of live in are changing for the first time in new factors come into play, starting with decades. This huge change means that the the whole estate is yours the global Covid-19 pandemic, both in incessant growth of cities, to the detriment and that you are someone terms of the stark reminder of the fragility and depopulation of rural areas, is shifting special. It is that magical of human life and, the truly important issue, towards less densely populated areas. place that you have chosen the need to preserve it. This phenomenon, Why live with millions of people when you closely linked to globalisation, represents a can work remotely, with the consequent to live in, where everything problem for the future as well as the present. economic savings and improved efficiency is familiar, where you feel This new way of life is here to stay. At the and quality of life that this entails? safe and happy same time, the inexorable advancement of ZAGALETA® is a patch of “perfection” in Marbella, which is already one of Europe’s technology, the speed of data transmission best destinations with some of the most over the mobile networks, and the way that pleasant weather on the old continent. we now buy, communicate, learn and amuse ourselves all have Let’s take a closer look at some of those benefits: their own impact. These factors are causing us to reflect on the

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ZAGALETA LIFE

Dog patrolling at Zagaleta estate

New community fire vehicle

1) SECURITY AS A NUMBER ONE PRIORITY! One of the most important, if not the most important, benefit derives from the concept itself: a gated community that offers access to residents only. It may seem obvious, but it is worth reiterating that it is vital for residents to feel safe and, in order to do so, all they have to do, is look into the solutions proposed by the resort. We are familiar with the idea of popping into the cockpit and talking to the pilots in order to overcome a fear of flying and something similar works when it comes to security. That fear dissipates when you get to know the security team, their equipment and talk to the heads of security yourself. In other words, that fear dissipates when you understand how things work. To this end, turn to page 28 to read the ZAGALETA LIFE interview with our Strategy Security Director. We should remind you that ZAGALETA® has always been a pioneer in security aspects on the Costa del Sol. A considerable security

ZAGALETA LIFE

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Procedure during a helicopter landing

deployment has been active here from the very first day that the resort was conceived, some 30 years ago now. Good security starts with good communication, among both residents and resort employees, who report any suspicious movement to the security hub, which will act immediately. At an operational level, as is the custom in gated communities, this security hub is managed by an administrative body, which is in turn, managed by a board of directors composed of the owners themselves, who are the parties most interested in guaranteeing that everything functions smoothly and efficiently. The total dedication and coordination of the professionals engaged across the different levels ensure that any possible “holes” in security are detected immediately, in such a way that the system and processes are constantly being improved. To a certain extent, this is comparable to the way that the software and apps on our mobile devices are constantly updated.

Exceptional peace and beauty: Zagaleta’s northern lake. Conceived and built during the years 1997 – 1999

View of Zagaleta New Course (18th) overlooking the lake

View of “Lago del Embarcadero” with the green of the 2nd at the end (Zagaleta New Course)

Zagaleta equestrian facilities, inspired by a classic Andalusian architecture, are located in the Southern part of the estate

2) NATURE, OUTDOOR SPACE AND SPORT – VAST COMMON AREAS AND SPORTS FACILITIES FOR PRIVATE USE A large part of all daily activity takes place outside when you are somewhere with weather as lovely as Marbella and the Costa del Sol. That might start with a morning coffee, followed by some physical exercise, a rest at midday and evening walks. Much of daily life revolves around the great outdoors. And that is quite natural when you have indigenous plant life on your doorstep and a gigantic territory of almost 9 km2 for you to make the most of, with endless paths and places for walking, escaping, “recharging” or seeking inspiration. A low-density planning concept where nature conservation sees flora, fauna and residences live side by side. There are countless experiences and unforgettable moments to be enjoyed in the heart of nature: a family picnic, animal spotting, strolling beside streams or the magnificent views around the lakes and golf courses. And let’s not forget the opportunities to play golf or go horse-riding for anyone who enjoys those sports!

Endless beauty of green and nature scenery for enjoyment, safe walking, picnic or mountain biking, just a 15 minutes drive from Marbella

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ZAGALETA LIFE

Zagaleta’s playground near the clubhouse restaurant

3) SOCIAL CONNECTIONS – A UNIQUE ADDED BENEFIT AND VALUE THAT IS HARD TO RIVAL. THE IMPORTANCE OF CHOOSING WISELY. In a community like ZAGALETA®, which benefits from an exclusive social and sports club, there is no doubt that the club’s social scene and the people within it create intangible added value. As diverse in place of origin as they are in nationality, age, industry and profession, the people who own property here can get to know each other naturally. This is an added value. Many of the people who meet here, whether in the cafeteria, at the social club or during a sports activity, are interested in getting to know their neighbours and, ultimately, finding out how and why they chose this community.

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United by the same choice of brand, ZAGALETA®, they bond over their fascinating stories and encounters, and these often turn into solid friendships over the years, as it is frequently the younger generations who connect most easily. To grasp the power of attraction at play in this social phenomenon, just think of two people driving the same model of car or wearing the same collectable watch. It has been proven that people who choose the same brand or model feel an attraction, or at the very least, curiosity towards each other. Conversation usually revolves around their reasons for choosing that brand or model. Luxury brands are increasingly aware of this and now organise events so that their clients can get to know each other. This may not be the main advantage of our community, but that phenomenon is certainly at work here.

Aerial picture of the Zagaleta Heliport with views of Gibraltar and the African coast

4) CONCIERGE AND OTHER SERVICES: PROXIMITY AND TRUST Access to a world of top-level services and providers is an essential part of providing a unique experience. The availability of a service that functions on an “all you have to do is ask” basis is tremendously valuable in a community like ZAGALETA®. First and foremost, this relies on the trust established when dealing with a partner to whom you can entrust all sorts of tasks. And this is something that happens in gated communities, where you know that your client owns a property. A discreet and trusted interlocutor who can understand the needs of their client is of paramount importance. Whether it is the upkeep of the garden, pool maintenance, a personal chauffeur service, a helicopter pickup or even an emergency call-out to a dentist on a Sunday: a good concierge service makes anything possible.

such a way that the client will notice the difference. If this extends to every single employee within the community, in the end the clients will feel at home, as though the whole community were their home. Regardless of the ups and downs of economic cycles, good management will always provide added value in the long term, leveraging value that all properties can benefit from. This multiplier effect represents millions in value increase.

5) MANAGEMENT AND LEADERSHIP: VALUE MULTIPLIER AND LEVERAGE The better the management, the better the experience. This is what we believe. In short, “good management or effective service can have a direct impact on client satisfaction”. Clients will enjoy a positive experience that they wish to repeat, leading to their endorsement of the product. Now, when extrapolated and applied to the approach required to ensure that a resort like ZAGALETA® functions perfectly, this business approach can make A WORLD OF DIFFERENCE. This, by the way, has been one of our company mottos for some years now. It is not just about applying the concepts created and providing services but delivering them in

Creating “magic emotions” in Zagaleta’s Core Division: construction of water elements at the villas in 2021

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ZAGALETA LIFE

COMMUNITY BENEFITS TYPE OF VALUE YEAR OF DECISION Connectivity

Security

2016

2019

2018

Lifestyle

2019 2020

TYPE OF ACTION

BENEFIT

IN SERVICE SINCE

Fiber optic network

High speed connectivity internet through the entire estate

2018

New security plan

Increased security within the resort

Full equipment including a fire vehicle located and available at La Zagaleta

Provide immediate intervention in case of fire and minimize the risk

Extra protection of La Zagaleta perimeter fence SECOND PERIMETER SYSTEM INTRUSION SUBSYSTEM REPLACEMENT of the EXISTING FENCE by a SECURITY ONE CCTV System at strategic locations within the Estate Security gates expansion and remodelling NEW ACCESS CONTROL SUBSYSTEM at both gates MULTI-TECHNOLOGY SITE CHECKPOINTS

Enhance La Zagaleta Resort active and pasive security measures at all levels

Gourmet Shop

Exclusive and selective grocery, fruit, wine and spirits

2019

Improvement, extension and construction of existing hiking and mountain biking routes

Healthy lifestyle through connection with nature activities and sports

2021-2022

New urban and road cleaning equipment: garbage and brushwood collection vehicles

Greater efficiency and cost reduction

2020

Arbonauta restaurant

Extended gastronomic and leisure offer

2021

Gradual change from petrol to electric buggies

Noise decrease

2022-2023

2020-2023

Source: La Zagaleta S.L.

Inspiring winter day sunset on Zagaleta’s valleys

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Zagaleta’s maintenance staff and vehicle on duty through the vast internal road network of almost 60km

THE INTEGRATION OF OWNERS ONTO THE EXECUTIVE BOARDS – AN APPROPRIATE WAY TO MAKE DECISIONS IN THE COMMON INTEREST AND TO CREATE VALUE One of the greatest advantages of community living compared to city living is the degree of involvement, management, and direct contribution that owners enjoy. If a defect is identified, it is reported to the central office and will be repaired on the fly or as soon as possible. Let us look at an example: if there is a problem with the manhole cover outside your home in the city, who do you call, how long before they respond and what sort of follow-up is there? This advantage is, of course, inherent to the nature of the gated community in theory, regardless of the resort you call home. At La Zagaleta®, however, another fundamental benefit is that the day-to-day running of the community happens at offices onsite, in the services division specifically. This hugely accelerates the response time to any problem or incident related to the community of owners.

CORPORATE CULTURE: THE ZAGALETA ® DNA FOCUSES ON QUALITY AND THE UNIQUE Client satisfaction lies at the core of success and this is achieved by offering a quality service. Quality, whether in product, Service,

or experience, is a recipe for success. And here, corporate culture and management has an enormous influence. Quality is regarded as a lifestyle, or even “a religion”. The client is king, and everything revolves around them. This approach is adopted across the organisation, from the employees at the golf course to management levels. Yet beyond the quality factor and seen from a more detached perspective lies THE “UNIQUE” FACTOR. So, just what is this exactly? It is quite simply a matter of working out what makes you unique. As a starting point, this might be how you differentiate yourself in terms of product, characteristics, or location. Thinking repeatedly about what makes you unique will see you arrive at solutions for how to improve your product. Others call it being the best in your category. And you can be sure that clients and visitors will notice. Striving to be “the best” will, over time, make you the best! From a marketing perspective, this is one of the simplest but most effective pieces of advice you can receive. It is framed as part of the “customer journey” and it starts from the very first contact you have with a potential client. And if you truly are unique then you must focus on that message. It has been proven that writing down or describing processes can help you to perfect them as it is fundamental to be able to convey your ideas in the simplest and most effective way possible. The simpler the explanation, the more convincing. The clearer, the better. This will help you to “hit the target”, as we like to call it.

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Spectacular view of Zagaleta’s 17th green (Old Course)

Whether golfing, biking, walking nature, jogging, family picnic, animal or bird watching, tennis, paddle tennis, pony or horseback riding, events entertainment, or food experiences ZAGALETA® is a truly unique community.

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Jacobo Cestino CEO, Zagaleta

COVID, a diagnosis and an opportunity It is no secret that the global lockdown enacted in response to the coronavirus pandemic will have an enormous effect on real estate markets around the world. However, the situation will nowhere near resemble what we witnessed in the wake of the 2008/2009 global real estate crisis. Every real estate market in the world will be affected by the pandemic crisis, yet not all negatively. The “surviving” market of proper ties in places where people can live comfor tably, work remotely and be self-sufficient will be more sought after than ever and will therefore increase in value. These “survivors” will even experience a relative boom which is fantastic news for luxury, low-density markets, even more so for those with a global, continental or regional “brand”, which will recover even faster. These “brand” markets, which include Andalucía, the Costa del Sol, Marbella and Zagaleta®, will be less affected in the long-term. I also believe that high-density cities will suffer a serious drop in their residential and office rental markets and, to a lesser extent, in retail and logistics. Nevertheless, demand will fall in all areas (residential, tourism and corporate). The holiday and second home market will be slow to recover although overall it will have suffered less damage. 24

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If we have learned anything during this year, it is that buyers are prepared to invest in the long-term and, most importantly, to buy in places where they will be able to enjoy leisure time with their family, places where they want to spend their time. The world’s most liveable cities with modest or small population size (such as Marbella and the Sotogrande area) will recover rapidly and even experience a boom as people seek options for reinventing themselves and starting over in places that offer a good and affordable quality of life and relative safety in the face of this new global scenario.

We must consider that the possibility of another crisis similar to COVID-19 will be on all our minds for a long time, and small cities and low-density tourist resorts with a good lifestyle component linked to the natural surroundings, especially in terms of sport (with golf as a particular crowd-pleaser), that also offer the option for social interaction yet are physically far removed from crowds or agglomerations will enjoy growing demand. I strongly believe that buyers will opt for “Premium” properties in “Premium” locations. This has always been important but even more so now. Like branded cities, “Premium” properties in sought-after areas are the least affected and the first to recover during hard times. In our opinion, UHNWI and HNWI customers buy luxury wherever they can. These potential buyers have already internalised the idea that a high-end property will be the first out of any recession and would therefore be a pleasure to own in any market cycle.

significant number of clients have started renting and have since extended their rental contract, some of them have even bought or are thinking of buying a property. As a real estate development company, Zagaleta® has decided to diversify to adapt to this new type of client. In our specific case, transformation will be enacted along two different lines of action and our strategy is quite simply to anticipate or rather adapt to the market. In this sense, we are certainly not doing anything radical. For some time now, statistics from our sales department have shown that a not-negligible part of potential buyers sit in the upper-middle range in terms of investment, despite being able to afford far more expensive assets. The reasons are multiple but the most important is the lifestyle pattern of younger families (the generational change that I mentioned earlier). This model of what is “desirable” ranges from the interior layout of the villas to large green spaces – which may be shared –, construction quality and materials, use of clean energy, and so on.

We are going to continue building Premium villas, which are priced at approximately 10-12 million euros due to their size and quality, but the product mix that sits at the widest

part of the curve indicates that we must build products with all the aforementioned characteristics – including the qualities of the Premium villas – but in a price range of between 5.5 and 8.5 million euros. We are now beginning to develop three villas of this type. We also understand that it will be more difficult to compete on the secondary market with the type of villas that we are beginning now.

Having conducted in-depth analysis of the market in recent years, we understand from Zagaleta® that the market niches in On the other hand, the hotel project that we are developing, the real estate and residential tourism sectors on the Costa del and which will substantially transform the northern part of Sol are going to be low-density RESORTS with Zagaleta®, will contain around 60 rooms, 60 sports and lifestyle facilities, a feeling of community branded residences and 20 villas to be managed and strict security. by luxury hotel operator SIX SENSES, who will At a more local level, and in the specific case of join the project in the second quarter of 2021. Buyers will opt Zagaleta ® or Sotogrande, while it is true that the As per the project planning, we should have a pandemic has had a decisive influence on buyer for “premium” building license and begin construction of the characteristics, it is not so much the customer hotel in the final quarter of 2021. This project properties in profile that has changed but rather what a large will also have a beach club on the coast and the “premium” number of buyers are interested in. For some overall investment range is approximately 150

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locations . years now, we have witnessed a generational million euros. change in prime properties in low-density tourist destinations and resorts, as well Renovating Villas is without a doubt another as an increase in demand from younger path to growth. Both Marbella and Sotogrande UHNW buyers, where purchase decision is determined by have been experiencing a certain boom in this market segment the quality of the sports and leisure offer on the one hand for some time. However, our core business continues to be the and the “ connection ” with nature and environmental sensitivity construction of new villas. on the other. In a way it is a “ back to basics ” lifestyle aimed at HNWI and UHNWI. In terms of nationality, most clients are British, central European or Scandinavian in our case. An increasingly growing percentage would indicate that it is generally families who move to Zagaleta ® (let’s not forget that Malaga and Sotogrande offer impressive private bilingual educational options as well as an enormous number of public and private hospitals) while the head of the family often travels intermittently while still working.

Overall, buyers’ objectives are fairly unanimous and their requirements are extremely similar: security, privacy, low density, sports and leisure activities within the resort and a feeling of community. What we have noticed, however, is that unlike other times, there are still buyers at all price levels, although these percentages have changed. Another trend that has emerged in the wake of the coronavirus has been an increase in rentals. Since early February 2020, a

In conclusion, I would like to reflect on what the private sector and especially the public sector can or should do to improve the confidence of potential investors and owners.

The private sector must continue to invest in training, digitization, languages, more services and, of course, transparency, without neglecting the implementation or creation of Quality and Tourist Safety Certificates, similar to the existing international standards. We also understand that reinvestment in assets is essential and improvements to constructions/facilities, interventions aimed at eliminating architectural barriers, the installation of emergency stairs or exterior lifts, the covering of balconies, porches or lobbies as part of a comprehensive façade remodelling project and the establishment of environmental measures linked to water and energy consumption, the reduction and improvement of waste treatment and air

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conditioning, will have an effect not only on demand but especially on the revaluation of these assets. As for the PUBLIC-PRIVATE INITIATIVE, it is vital that improvements are made to air and rail connections in the main cities of Andalusia and that airports are expanded to prevent crowds and queues. Potential administrative support for the establishment

of smaller and more efficient airport facilities for the arrival of commercial and especially private aviation would also be an important milestone for the Spanish Mediterranean coast. With regard to the governmental measures needed to further promote hotel and residential tourism, some have already been adopted by the regional government. For example, Decree Law 4/2019 to streamline and simplify the processing of projects and strategic interest, which would include sports, business and tourism, as well as residential projects at the supramunicipal level, will be of great help for the sector.

the Spanish Tax Administration must be notified of all properties, accounts, deposits, shares and any other assets that taxpayers have abroad. This requirement understandably applies to Spaniards but can in no way apply to foreigners residing in Spain. Foreigners (both EU and non-EU citizens) cannot comprehend what interest the Spanish Tax Administration have in knowing about their properties, bank accounts or shares in their respective countries. This has caused great discomfort and indignation among numerous foreign residents of all nationalities, many of whom have decided to give up their residence in Spain, stop paying IRPF (personal income tax) in Spain and transfer their tax residence to other countries. Fortunately, it is only a matter of time until this requirement and the consequent regulations are repealed.

With regard to the Immigration Law, the mandatory minimum stay in Spain of 6 months a year is also a matter that requires The draft for the New Andalusian Land Law (not yet approved analysis and debate, since it has also been the cause of many by Parliament) will also have a far-reaching positive influence lapsed residence permit renewals of late. It must be taken into on the development of these territories, as it will simplify account that the profile of foreigners residing in Spain today approval procedures for spatial and has changed. In our case, many of our town planning instruments, widely clients are professionals who reside in adopt sustainability principle across Spain with their families. Their children Andalusia, establish a general go to one of the many international In times of crisis, it is essential planning system that is less rigid and schools on the Spanish coasts and to attract foreign investments. deterministic than the current system, live with their mothers permanently And the most interest shown in adapt much more to the size of small in Spain while the head of the family Spain is from citizens who buy municipalities, replace the current travels abroad frequently and spends their home on our coasts and who General Plan for Urban Zoning (PGOU) an average of 8-10 days per month with two new plans – the Plan for in the family home. There have never spend long periods of time here . Municipal Zoning (POM) and the Plan been any problems with renewing their for Urban Zoning (POU) – and finally resident permit. However, recently, recognise the full competence of the some have found that renewal of their City Councils when it comes to approval of urban planning residence permit has been denied as they have been out of instruments, in compliance with the principle of local autonomy. Spain for more than 6 months and, consequently, their wives and children are also denied renewal because they all depend on the Another sensitive area in which the public administration must head of the family. take action is that of the bureaucracy and tax regime faced by In times of crisis, it is essential to attract foreign investments. foreign investors. To list just one of the bureaucratic problems, the And the most interest shown in Spain is from citizens who NIE (Foreigner Identification Number) is the primary prerequisite buy their homes on our coasts and who spend long periods of for any investor or person who intends to have an economic time here: from retirees of medium to high purchasing power to relationship with Spain and it should be much easier to obtain families with young children enrolled in Spanish schools, through in light of this. For reasons unbeknown, until some time ago, professionals who establish family homes in Spain from which it could not be applied for by a representative of the investor, they run their international businesses thanks to new technology even when they had sufficient power of attorney to do so. In a and continue to travel abroad when appropriate. country that likes to think of itself as advanced, where marriage by proxy is possible, not recognising representation for what is These foreign citizens who have chosen Spain as their place of a purely bureaucratic procedure is simply unacceptable. Once residence constitute what is known as “residential tourism” and this problem has been solved, efforts must then be concentrated this is the basic pillar of the economy in most coastal tourist on facilitating application for the NIE, which means that more provinces, upon which all economic sectors in these areas agencies should be authorised to issue it. depend directly or indirectly. Consequently, measures should be taken to encourage and facilitate the arrival and establishment in While on the subject of residence permits in Spain and related Spain of these foreign investors, and not precisely the opposite, tax liabilities, I cannot miss an opportunity to highlight growing which is currently the case. concern over the fact that many foreign investors who wish to

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invest in residential properties in Spain are giving up upon learning of the liabilities they face if use of that property qualifies them as tax residents in Spain. And an even more

serious matter regards the fact that more and more foreigners residing in Spain wish to give up their residence in our country. We have seen cases of this at our Resort in the past due to inheritance and gift taxes. There are several reasons for this: from a fiscal perspective, the most important is the clause established in Law 7/2012 of October 29 against tax fraud, that

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Ultimately, it is about establishing rules based on logic and common sense that do not scare off foreign investors, but rather facilitate and encourage foreign citizens to invest in Spain in the same way as neighbouring countries and our competing environment. Perhaps in this way we can reverse the falling confidence of foreign investors who are, I would point out, our main lifeline out of the current situation.

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José Miguel Navarro, Security Strategy Director, Zagaleta Community

Interview With Our Security Director 1. Introduction Our Security Director, José Miguel Navarro, is a private security professional with accreditation from the Spanish Ministry of the Interior as Director and Head of Security. A law graduate and legal handwriting expert, he has also completed multiple postgraduate courses since beginning his extensive career in 1986. José Miguel holds a master’s degree in Administration and Management of SMEs and a degree in occupational hazards, as well as the qualifications required to train security professionals. After more than 10 years at Novartis as Corporate Security Manager for Spain and Portugal, he left the pharmaceutical industry to become Head of Security at La Zagaleta®. Accepting the challenge to switch from corporate to residential security represented an important turning point in both his professional and personal life. In July 2019, José Miguel moved from Madrid to Marbella to begin this new phase in his career, well aware that close proximity is fundamental for managing and coordinating a Security Team in crisis situations.

2. What was your first impression of security at La Zagaleta® and the complex in general? I thought it was a spectacular residential complex, where the wellbeing and peace of mind of owners and their visitors were a priority for the Security Department. Some restructuring was needed to bring the security system up to date with the requirements of a modern service and in line with La Zagaleta’s position.

3. How did you develop a security plan for La Zagaleta®? After exhaustive analysis of the risks and vulnerabilities on the ground, we designed a security master plan that was approved by the Board of Owners. The investments proposed in that plan are already underway. The project consists of various interrelated subsystems that abide by a perimeter protection and defence philosophy organised into concentric security rings, each linked

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via a combination of physical, technical and procedural means. Our main mission is deterrence as well as the thwarting of any plans to commit a crime within La Zagaleta®. A first line of ultraHD surveillance cameras autonomously patrols the La Zagaleta® perimeter with sophisticated intelligent image analysis software that can learn to recognise and detect abnormalities, setting off an alarm should any problem be detected in and around the perimeter. The second ring or physical barrier to the external perimeter features the very best in cut-resistant materials, which we have further incorporated with a sophisticated sensor cable system that intelligently detects any frequencies caused by attempts to cut or scale the fence. The powerful software reacts in milliseconds and automatically repositions the nearest cameras and starts recording, simultaneously sending the exact location of the attack to the Control and Security Centre to be handled according to protocol. The third ring consists of an access and visitor control system and an automatic license plate recognition system, which trace all movement of people and vehicles, thereby speeding up the process for entering and exiting La Zagaleta®. Traffic verification stations with GPS tracking are being installed in strategic positions across the site to assist with traffic control and prevent visitors from getting lost in the internal road network which extends over more than 60 kilometres.

4. How would you define short-, medium- and long-term security provisions at La Zagaleta®? Generally speaking, my department has two main concerns: the risk of intrusion and the risk of fire. Although the first can occur at any point during the year, the second would have a far greater impact and effect on the residential complex and owners. That is why we are implementing pioneering security solutions to prevent it and minimise all possible consequences. Once the integration and implementation phase are complete, our unique security plan will help La Zagaleta® become a European (and perhaps global) reference point for residential security and security solutions in natural environments with protected species. This will no doubt instil even greater confidence in our owners

Jacobo Cestino, CEO Zagaleta, interviewing José Miguel Navarro, Community Security Strategy Director

and ensure that our technological partners continue to support La Zagaleta® as an example of complex solutions. The fourth part of our plan, “Security Guard 2025”, is another ground-breaking innovation on the European panorama and the La Zagaleta Security Department is already working toward it, bringing our security guard profiles, expertise and equipment in line with the requirements of the outlined positions. I can say with confidence that no other security company, entity (whether public or private) or security service is currently working towards an even remotely similar objective, which makes our initiative and the inherent challenge it presents even more unique.

5. What differentiates security at La Zagaleta® from other similar residential complexes? In addition to everything we have already discussed, something else that really sets us apart is the fire vehicle that we designed and purchased, and which is now in operation here at La Zagaleta®. It is a converted pick-up with trailer that we have equipped with pumps and fire suppression systems. We have an autonomous capacity of 1,000 litres of water and a mixture of foam agents and fire retardants driven by three pumps (one of which is submersible) as well as two dewatering pumps and auxiliary equipment that means we can act as a first response team. We are able to tackle two different fire sources simultaneously or tackle a single fire from two different positions. Our other professional tools allow us to deal with various emergencies such as clearing obstacles from the roads (fallen trees and rocks) and rescuing animals and vehicles, or perhaps even people trapped in them. Our team is led by a Security Team Leader who was a professional firefighter and has trained the rest of the team to the appropriate levels. Our security fleet also includes a medicalised patrol vehicle that is equipped to administer first aid in case of emergencies, gaining precious time until the emergency services arrive. All our security guards are certified in first aid and CPR, and some will be trained as emergency medical technicians so that at least one person on each shift can perform an initial assessment and treatment.

6. What does the Security Department contribute to La Zagaleta® community? We guarantee the confidence and peace of mind of La Zagaleta® owners by providing a modern and professional Security Team that has been comprehensively trained in operations and protocols, specifically designed to tackle the risks and situations that can occur on a daily basis. The courteous and discreet approach that our Security Personnel adopt at all times is another fundamental part of our DNA and another one of the reasons that has seen media recognition of La Zagaleta® as “the safest luxury residence in Europe”.

7. From a security perspective, how would you recommend La Zagaleta® to any potential new clients? Given my role as Security Director, I would emphasise the sensation of being within a safe and controlled area when on the premises, something that all visitors to La Zagaleta ® immediately notice. The discreet, yet efficient security that we provide gives owners an exemplary sense of freedom and anonymity, which is only reinforced by the fact that the Security Team have a maximum response time of three minutes to any alert received. Given the physical, technical, and human resources that our Security Department has available, I would emphasise to potential buyers that any measures needed for their own properties are reduced to a minimum, since the bulk of protection measures are carried out at a community level. This significantly decreases the budget needed for personal protection. As well as deterring a high percentage of potential intruders, our perimeter shielding, detection systems and security routines will thwart most attempts to attack properties, which explains why the incident rate here is up to 100 times lower than in other residential complexes. In my opinion, the combination of special features (the setting, the road network, specialist equipment, etc.) with the professionalism and training of our Security Team make it hard for any other residential complex to compete with Zagaleta ®.

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Engineer Lorena Senador-Gómez Lázaro is Global Sales Director and Head of Business Development at TIS

CONVERSATION WITH LORENA SENADOR-GÓMEZ LÁZARO, GLOBAL SALES DIRECTOR OF TELEFÓNICA INGENIERÍA DE SEGURIDAD, SYSTEMS INTEGRATOR FOR LA ZAGALETA ® - Tell us about TIS and its place within tech giant Telefónica There was an attack by terrorist group ETA on the Ríos Rosas headquarters in Madrid that seriously affected communications in Spain and demonstrated the need to protect Telefónica and its facilities as critical infrastructure. TIS was established shortly afterwards to defend and safeguard the group’s communication systems and assets. Today, 37 years later and as part of the Telefónica Tech division, we are established in numerous countries in Europe and Latin America. We develop customised electronic security projects that are highly complex in terms of technology and highly innovative, with the aim of adding value and improving security for public and private institutions. And we offer our clients important support in their path to digital transformation and in improving their processes.

- Which was the most ambitious project that your company has tackled? That is a difficult question. Each project that we take on is different from the last and has its own particular complexity. At TIS, our focus is on large-scale projects that bring added value to society and that is the biggest challenge we face. That is what makes each project unique. The Quito Metro, for example, allowed more than 2.5 million people to travel underground for the very first time in Ecuador.

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Another example is Aena, with whom we have collaborated for almost 15 years to guarantee security for 300 million passengers a year, in more than 60 airports both inside and outside of Spain.

- Which of the company’s distinguishing features do your clients value the most? We treat each project as unique, placing ourselves in the client’s shoes so as to develop the solution most suited to their problems. We establish a very close relationship and can always rely on a team of the very best professionals and cutting-edge technology.

- What does working with La Zagaleta® mean for you? We are very proud to be a part of this fantastic project, which is a trailblazer in residential security thanks to high levels of technological integration and complex execution, mainly due to the complicated orography and the lack of any previous security infrastructure. We are very pleased with the trust that La Zagaleta® has placed in us and our ability to lead and integrate the diverse systems that form the security solution, and we have the utmost confidence that our experience will ensure this project is a great success. I have no doubt that La Zagaleta® will be a “security role model” and a reference point when it comes to protection solutions for residential complexes.

Economist Miguel Ángel López Romero is the founder and CEO of Magal Spain

CONVERSATION WITH MIGUEL ÁNGEL LÓPEZ, CEO OF ISRAELI GROUP MAGAL SPAIN, WHICH PROVIDES THE SECURITY SYSTEMS AT LA ZAGALETA ®

- Tell us how Magal began. Magal started in Israel in 1967 as a division of IAI, set up to protect critical state infrastructure during the Six-Day War. It was a success, and this led to progressive expansion and the use of highly strategic technology. Today we are a multinational group listed on Nasdaq with a presence in over 80 countries across five continents. We launched in Spain 35 years ago to protect infrastructures linked to the Head of State and the Government. In 2009, we founded Magal Spain and our numbers on the peninsula multiplied tenfold. Today our solutions protect ports, airports, prisons, borders and practically all critical public and private infrastructure in Spain.

- What has been your most ambitious project to date? Magal is responsible for 95% of electronic security on the Israeli border. That is all I have to say.

- What is the secret of your success? Our experience and military-grade R&D&I undoubtedly give

us a competitive edge, but it is our close relationship with our clients and thorough approach to each project that have driven Magal into such a strong leading position, both in Spain and abroad.

- What does protecting La Zagaleta® mean to Magal? Magal does not offer residential security, in the same way that we do not protect banks or retail establishments. However, we do protect the residences of monarchs, presidents, prime ministers and the very wealthy around the world, which we view as part of strategic and corporate security for government and business. When the Security Director at La Zagaleta® asked me to be involved in developing their master plan, it gave me an opportunity to explore the property and I immediately grasped the unique nature of his plan. After almost a year of working together, our enthusiasm and involvement have only increased. There is no other residential project in Europe that comes close to providing such an all-round high-security solution in terms of technology and system integration. Just as La Zagaleta® is unique for so many other reasons, it is also the only residential complex in the world to be protected by Magal.

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A LEAGUE OF ITS OWN

1956 A6G/2000 Maserati Zagato Berlinetta

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This one really represents the zenith of “Italian coach-building in the best era, the 1950s...This particular car represents the pinnacle of a Zagato design in this period. -David Swig, expert at RM Sotheby’s

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RARE BEAUTY

This fully restored 1956 Maserati A6G 2000 Zagato Berlinetta which received awards at both Pebble Beach and Villa d’Este Concorso d’Eleganza was sold by RM Sotheby’s for over $4.5 mil.

The 1950s were a golden era of Italian coachbuilding. The Maserati A6 series comprised 6-cylinder road-legal and race-specific vehicles, as well as single-seat race cars. The marque worked with leading coachbuilders of the time: Frua, which styled the new 2-litre sports car, A6G 2000; Allemano, known for its modern trendsetting designs, coachbuilt a total of 21 road-friendly A6G 2000/54; and Zagato, where founder Ugo Zagato had been pioneering sportier race car designs by combining aerodynamics, the use of lightweight metals and techniques that he acquired while working in the aircraft construction industry.

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A6G/2000 Berlinetta Zagato

The interiors with a wood-trimmed 3-spoke steering wheel, standard instrument panel, leather seats and door panels with a matching colour scheme were all emblematic of the 1950s. 34

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Zagato opted for an elegant silhouette like a grand tourer.

Redesigned rear fenders differ from frua and pininfarina models.

Zagato’s expertise and Maserati’s spirit for innovation resulted in a new alloy berlinetta coachwork. Twenty were built, in addition to a spider, for a total of 21 Zagato-bodied vehicles. This particular Maserati 1956 A6G/2000 Zagato Berlinetta with chassis no. 2124 was sent to the coachbuilder in November 1955 and was completed in February 1956. The standard clutch was replaced with one from the competition A6 GCS model. The front grille featured the Trident in a concentric circular design, flanked by Cibie round headlamps and 2-piece chrome bumpers. The bonnet was un-vented, the wheel arches were un-flared - unique features aimed for better aerodynamics as well as understated elegance.

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ZAGALETA LIFE • AUTOMOTIVE

A6G/2000 Berlinetta Zagato

Innovative engineering, refined design and racing pedigree make this a rarity.

The front grille features a Concentric circular design around the trident, flanked by cibie round headlamps and 2-piece chrome bumpers.

Delivered to Franco Cornacchia’s Agenzia Maserati Milano, it was not long before the A6G was loaned to privateer Luigi Taramazzo for the Mille Miglia event. Unfortunately, it slid off the rainy road between Pescara and L’Aquila, and was sent back to the factory for repairs. Nonetheless, its racing debut proved memorable. In the summer of that year, the car was acquired by Antoine Cicoira, who had it tested on the Modena Autodromo by well-known factory driver and mechanic Guerino Bertocchi. The Zagato Berlinetta achieved a class win and second overall finish at the Coupe de Cote Turckheim-Trois Epis hill climb. It went on to set the fastest lap time at the Coupes d’Automne in Montlhery. However, during the Dakar Route de Quakam in May 1957, the car suffered significant damage in an accident and was returned

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Zagato Coachwork

160hp

Ornamented Grille

2.0 Inline-6 Engine

130mph (top)

Jaeger Instruments

4-Speed Manual Transmission Abarth Muffler Cibie Headlamps Borrani Wire Wheels

Racing Clutch

Split Bumpers

to Italy. Though Cicoira had his heart set on more races that year, repairwork only finished in time for him to compete in the Coupes du Salon where he finished sixth.

Most of these cars were raced, and had changes “ over the years. This is one of a very small handful, that

has always retained its original engine and gearbox. It has also been fully Maserati Classiche-certified, explained Swig, RM Sotheby’s.

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A6G/2000 Berlinetta Zagato

From January 1960 onward, the car went through several ownerships. Former Greek army officer turned actor, Fivos Razis, had a partial rebuild done on the engine, clutch and gearbox, as well as a light metallic gray repaint. And when the owner of a garage carrying out restoration on it passed away, the car was sold to the president of the Maserati Owners Club of France, Jean-Pierre Bisiaux, in 1980. Refreshed with red paint and black interiors, the A6G/2000 made headlines at the Mille Miglia and appeared in publications such as Automobiles Classqiues, Auto Passion and a book called Maserati, Tout l’Histoire. Bisiaux was followed by Spanish premium car importer Juan Quintano, then Mauro & Jacobo Lotti, who presented the vehicle at the Uniques Special Ones and Mille Miglia. Finally, in July 2012, the A6G/2000 was acquired by a vintage Italian sports car collector in the United States, who began an unprecedented restoration to return the vehicle to its original factory appearance, not seen since the Dakar accident 55 years ago. Steel Wings of Pennsylvania refurbished the coachwork and chassis, while Epifani Restorations from California rebuilt the engine and drivetrain. Numerous old photographs were studied, in addition to measurements and evaluations with two other existing A6G/2000 Zagato Berlinettas. Coachbuilding with original alloy took over 2500 hours to complete.

ZAGALETA LIFE

automotive

The fully restored A6G/54 celebrated Maserati’s 100th Anniversary at the 2014 Pebble Beach Concours d’Elegance, winning second in class. The following year, it won Amelia Island’s Best in Class (Sports and GT Cars 1955-1959), and won its class at the Villa d’Este Concorso d’Eleganza. This rare Zagato Berlinetta retained its original engine and gearbox confirmed by Maserati Classiche, with original manuals, ACI registrations, factory correspondence, countless period photographs, research by marque historian Adolfo Orsi Jr., as well as documentation of its exhaustive restoration. A testament to Italy’s car-making heritage, this 1956 Maserati A6G/2000 Zagato Berlinetta and its owner are without doubt ready to capture the motoring world’s imagination at the next driving tour, international concours or any gathering of top vintage car collectors around the world.

automotive

ZAGALETA LIFE

Reed Hastings NETFLIX CEO AND CO-FOUNDER

ZAGALETA LIFE

celebrity

are an emotional product. “WeWecater to the things that are

important but not necessary. We get to sell something you want, something that you choose because it’s really human to be entertained and connect with people over entertainment.

”

The growth of Netflix from a US-based DVD rental and sales website to a global entertainment brand reflects the journey of CEO Reed Hastings. Founder of Pure Software, sold in 1997, Hastings served on the California State Board of Education and in the Peace Corps in Swaziland. Currently, he is a board member of several educational organisations in the United States. According to Forbes, his net worth is approximately USD $5.8 billion.

As early as 1997 when Reed Hastings co-founded Netflix with software executive Marc Randolph, they had already foreseen the rapid development of the Internet, which would be instrumental in their journey towards global digital content streaming. In its early years, Netflix evolved from a DVD rental and sales website to a monthly subscription service. Today, it is available in nearly 200 countries and more than 20 languages. The 37th annual ENCORE Award event at Stanford honoured Hastings, who earned his Master of Sciences Degree in Artificial Intelligence in 1988. He remembered the early days of Netflix: “Thinking back, I remember DVD being very lightweight, with five gigabytes of digital data, and 5-gigabyte mailing could be an efficient digital distribution network. However, from the beginning we knew that Internet would eventually be fast enough so we would not have to depend on the post office but the Internet. That’s why we named it Netflix right from the beginning.” It took Netflix.com five years to break even, due to the cash-intensive nature of the business of buying, selling and mailing DVDs. “2002 was our first big milestone, as we went public that year. I remember we, Paypal and Overstock all went public that same week. From 2004 to 2007, we had a very fun, scary epic battle with Blockbuster who recognised us as a threat. They were 15, 20 times larger than us, but we had the advantage that

we had started it.” Netflix countered with four initiatives: Netflix Friends, a social network; Ad Sales, with banners above the choosing interface; used DVD sales; and Red Envelopment Entertainment, a group through which Netflix acquired movies directly from film festivals to turn them into DVDs. Blockbuster closed its online business and went bankrupt two years later. Hastings revealed an insight: “But when we looked back, we realised that none of our four efforts made any contribution to our victory. In hindsight, when attacked, we should retreat to our core and do it even better, instead of broadening the surface of attack, so to speak. It was a great lesson that taught us to focus.” In 2007, YouTube was born and the streaming phenomenon gained momentum. That was the year when Netflix launched its first streaming product on the Windows operating system for personal computers. Another turning point came when Netflix expanded its streaming onto consumer electronics such as Xbox, PS3, iPhone, iPad and others, which introduced it into numerous households. By 2009, it had more than 10 million members. Hastings continued: “But we were still a domestic business. We had been in the US for 13 years just to get to streaming. So we started expanding very actively over the course of four years, going global. It was hard because there were a lot of things which we did not realise being very locked into domestic for so many years.” Netflix’s

celebrity

ZAGALETA LIFE

I take pride in “making as few

decisions as possible as supposed to as many as possible.

”

expansion began with Canada, Latin American and the Caribbean, followed by Europe in several phases up until 2014 and 2015, when it also launched in countries such as Japan, Australia and New Zealand. Hastings expressed that, however, it was not enough for Netflix just to have international distribution, but also its own original content. “The movie and TV business had seen what happened to the music industry and they knew that keeping their head in the sand was not the right approach. There was a lot of motivation to experiment. We were a bidder at that time, up against cable networks like HBO. Artists do better because bidding raises the price, and content owners do better as well. With originals we are developing brands of our own. It is a third party on set and location, but we do the global brand creation when it launches. And then it is a mix of the talent, history, storyline and all that. It just builds on itself when people join Netflix because of a show. It’s a much stronger relationship when key content is associated with the brand which you have created and you own the brand equity in it.” When asked about the future of digital content streaming, Hastings stated: “The entertainment business is a business of spectacle. The budget will go up and up and up, because when there is global distribution, there is a bigger prize. If you want to be one of those being watched, you have to have enormity of talent, set and the level of quality that goes into it. For us it is about creating a great experience on an Internet-connected screen, whether that’s a phone, tablet, laptop, or TV. We are all competing in this huge pool of entertainment time and a huge pool of disposable income. There’s no separate market for the share of Internet-delivered video compared to cable. Customers don’t care. They’re looking for relaxation, entertainment and video gaming. We compete actively for unwind time and the freedom from boredom.” So what’s the ultimate mission for Netflix? In Hastings’ words: “We are an emotional product. We cater to the things that are important but not necessary. We get to sell something you want, something that you choose because it’s really human to be entertained and connect with people over entertainment. We celebrate that a lot and we want to change the industry.”

ZAGALETA LIFE

celebrity

THE NETFLIX CULTURE: On one hand, there is freedom and responsibility. On the other hand, it is a high performance culture. It’s a Major League Baseball field where you have only so many positions and if everyone is not incredible at what they do, then you are not going to win.

“

”

celebrity

ZAGALETA LIFE

automotive

PARADIGM SHIFT Ferrari writes a new chapter with the SF90 Stradale, its first series production PHEV (Plug-in Hybrid Electric Vehicle), with 1,000 cv, a weight-to-power ratio of 1.57 kg/cv, and 390 kg of downforce at 250 km/h. The SF90 Stradale is at the top of its segment, and is a V8 at the top-of-the-range model for the first time in the marque’s history.

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ZAGALETA LIFE

The SF90 Stradale’s steering wheel ushers in a new era by introducing a series of touch commands that control virtually every aspect of the car without ever taking their hands off the wheel. With the eManettino, the driver can choose from four different power unit management modes: eDrive, the internal combustion engine remains off and traction is entrusted entirely to the electric front axle; Hybrid: the default setting in which the power flows are managed to optimise the overall efficiency of the system; Performance keeps the ICE running because the priority is more on charging the battery than on efficiency; and Qualify, the system achieves maximum power output by allowing the electric motors to work at their maximum potential (162kW).

EYE ON THE ROAD An encapsulation of the most advanced technologies developed in Maranello, the SF90 Stradale is also the demonstration of how Ferrari immediately transitions the knowledge and skills it acquires in competition to its production cars. For instance, the steering wheel has a touchpad and a series of haptic buttons that allow the driver to control virtually every aspect of the car using just their thumbs. The central instrument cluster is entirely digital with the first automotive application of a 16” curved HD screen which can be fully configured and controlled using the controls on the steering wheel. Also, the rear of the car features higher exhaust pipes. Since the power-train is now significantly lower, the car’s tail is also lower, visually even more so when one pays attention to the new design of the horizontally-shaped tail light rings. Different from typical berlinettas, the new rear screen no longer follows the line from the roof to the rear bumper.

ZAGALETA LIFE

automotive

The Head Up Display projects data onto the windshield within the field of vision, a feature that is in line with the hands-on-the-wheel approach.

POISED FOR THE FUTURE Like the new ignition key with full keyless technology, the cockpit debuts an entirely new design direction that would carry over into Ferrari’s full range. The Human-Machine Interface has been updated with all-digital technology, highlighting aeronautical inspirations in the cockpit and its instruments. Adopted for the first time in a production car, a single 16” digital HD screen curves towards the driver to make it easier to read and to emphasise the effect of the F1-style wraparound cockpit. The 3D effect of the screen graphics makes it clear to the driver when switching from one screen to the next, without having to look down.

The new steering wheel carries on Ferrari’s hands-on-the-wheel philosophy, with several new touch controls.

On the right-hand spoke, the driver can navigate the central cluster screens, while on the left are voice control and cruise control, where a rotary switch has been adopted from the F1 car. On the bottom left, there are four buttons with which to select the power unit use modes.

“THE FIRST STEP IS TO ESTABLISH SOMETHING IS POSSIBLE; THEN PROBABILITY WILL OCCUR.” When the engine and motors are off, the instruments simply appear black. The navigation screen is on one side of where the large circular rev counter used to be - now replaced by the battery charge indicator in the same position - with the audio control one on the other.

automotive

ZAGALETA LIFE

The road to 1000 cv: the 90° V8 turbo engine delivers 780 cv, the highest power output of any 8-cylinder in Ferrari’s history, while three electric motors - one at the rear, known as the MGUK (Motor Generator Unit, Kinetic) due to its derivation from the Formula 1 application, located between the engine and the new 8-speed dual-clutch transmission on the rear axle, and two on the front axle - produce the remaining 220 cv.

2.5 sec

Turbo Engine

0-100 KM/H

574 kW

25 km

Maximum power output @7500 rpm

Maximum range under electric power

162 kW

800 Nm

Maximum power electric motors

Maximum torque @ 6000 rpm

7.9 kWh Battery capacity

Assetto base CO2 EMISSION: 154 G/KM FUEL CONSUMPTION: 6,1 L/100 KM ELECTRIC ENERGY CONSUMPTION: 123 WH/KM

Fiorano 160 g/km 6,0 l/100 km 120 wh/km

More compact overhangs - the rear one is shorter than the front one in particular - and the frontward-shift of the cabin have created a cab-forward-type architecture which emphasises the fact that the engine is mid-mounted. A very low centre of gravity has also allowed the designers to lower the cabin area by 20 mm, combined with a more curved windshield, slender A-posts and a wide track.

The SF90 Stradale marks a turning point for Ferrari. Its name pays tribute to the 90 years of competitions since the foundation of Scuderia Ferrari. The SF90 Stradale underscores the strong link between its racing pedigree and its road cars with the most advanced technologies to date, applying the knowledge and skills which Ferrari has gained over the years on the track to production cars. The SF90 Stradale is the first ever Ferrari to have Plug-in Hybrid Electric Vehicle architecture in which the internal combustion engine is integrated with three electric motors, two independent ones on the front axle, and one at the rear between the engine and the gearbox. They work in synergy to unleash 1,000cv. The 90° V8 turbo engine is capable of delivering 780 cv, the highest power output of any 8-cylinder in Ferrari’s history. The remaining 220 cv is delivered by three electric motors, which generate up to 220 cv (162 kW). The 25-kilometre range is guaranteed in all-electric eDrive mode, using just the front axle the two independent front motors deliver a maximum speed of 135 km/h with the engine off. The control logic manages the flow of power between the V8, the electric motors and the batteries, providing a choice of four power unit modes. The SF90 Stradale can go from 0 to 100km/h in 2.5 sec and 0 to 200km/h in 6.7 seconds. The 8-speed dual-clutch transmission has been redesigned with the addition of an eighth gear and a maximum torque boost to 900Nm. The new gearbox is actually lighter and has lowered the centre of gravity. The full-electric front axle increases dynamic controls. The two front motors provide propulsion in electric drive, while independently controlling the torque delivered to the two wheels, facilitating an on-the-limit driving experience.

ZAGALETA LIFE

automotive

In order to manage the additional weight, the SF90 Stradale has an all-new chassis and bodyshell produced with multi-material technology, for the right overall weight, rigidity and centre of gravity. With more power come more solutions to dissipate extra heat, increase downforce and guarantee stability, of course. A patented active system at the rear of the car regulates the air flow over the upper body, reducing drag at high speeds and increasing downforce in corners, during braking and changing in direction. On the outside, the SF90 Stradale reinterprets the sports berlinetta proportions, in which the cockpit is located closer to the front of the vehicle and has a smaller frontal section as well. And on the inside, the HumanMachine Interface and interior layout take centre stage. The steering wheel has a touchpad and a series of haptic buttons that allow the driver to control virtually every aspect of the car using just their thumbs. The central instrument cluster is entirely digital with the first automotive application of a 16” curved HD screen which can be fully configured with the steering wheel controls. A nod to the past is the automatic gearbox controls, which are selected by a grille-style feature that brings to mind Ferrari’s manual gear-shift gate. For something even sportier, the Assetto Fiorano includes special GT racing-derived Multimatic shock absorbers and extra lightweight features made from high-performance materials such as carbon-fibre in the door panels and underbody, as well as titanium in the springs and entire exhaust line. The carbon-fibre rear spoiler generates 390 kg of downforce at 250 km/h. The Michelin Pilot Sport Cup2 tyres are specially designed for the adventurous driver to go all out on a beautiful day on the track.

AROUND THE WORLD Sales by geographic regions: 33% Americas, 45% EMEA, 7% combining China, Hong Kong and Taiwan, and 15% rest of APAC.

THE FERRARI EMPIRE

With 60 markets worldwide and a network of 180 authorised dealers, net revenues were EUR € 3460 million in 2020.

RECORD-BREAKING

The Prancing Horse brand aims to generate a “world of dreams and emotions” by combining developing extreme technological solutions with humanscale artisanal craftsmanship.

Being part of a future-focused team, people are Ferrari’s most valuable resource, working together in a company that prioritises merit, competence and professional growth.

THE COMPANY

FROM STRENGTH TO STRENGTH

Ferrari has competed in more than grand prix and remains the only constructor to have taken part in every single edition of the Formula 1 World Championship since its launch, with 15 drivers’ world titles and 16 contructors’ world titles.

Ferrari has been awarded the title of the world’s strongest brand for the second consecutive year by Brand Finance, the leading international independent brand valuation and strategy consultancy. With a Brand Strength Index (BSI) score of 94.1 out of 100, Ferrari tops the rankings of only 12 brands to be awarded the highest AAA+ rating.

CUSTOMER RACING

“Factories are made of machines, walls and people. I believe Ferrari is made most of all by its people.” -Enzo Ferrari

ITALIAN EXCELLENCE Completing over 57,600 hours of training in 2020, the 4,285 people of 53 nationalisties are 50.9% workers, 33.1% office staff, 13.2% middle managers and professionals, and 2.9% senior manager. 16% are under 30 years old, 66.1% 30 to 50, and 17.9% over 50.

Ferrari Corse Clienti at the Fiorano Track organises continental series, involves classic Ferraris in events, supports customer teams in GT championships, as well as organises and manages non-competitive activities like F1 Clienti and XX Programmes.

SUSTAINABILITY All new buildings in Maranello are Class A-ranked and the Formula 1 team headquarters comply with the new net zero energy building protocol (NetZeb).

The Skills School, founded in 2009, is Ferrari’s in-house training facility open to both office staff and operatives.

The trigeneration plant produced 83% 95% of purchased of the electricity electric energy needed in Maranello certified as renewable in 2019. Ferrari’s licencing agreements with select partners develop the lines of merchandising products sold in the Ferrari Stores, franchising and its official website, as well as the creation of Ferrari museums - in Modena and Maranello - and theme parks - Ferrari World Abu Dhabi and Ferrari Land Portaventura.

1947: Enzo Ferrari debuted the 125S, powered by a 1500cc 12-cylinder engine, in his new factory in Maranello. Before WWII, he had built the 815, a spider that took part in the 1940 Mille Miglia.

FORMULA UOMO

The polluting emissions reduction programme improves efficiency in the production process and the cars themselves, implementing the latest environmental standards in the construction of the newest buildings on site, and using a trigeneration plant and renewable sources to cover its entire energy needs.

-35% CO2 emissions in 2019 vs. 2007 EUR€1.3 bn expensed R&D and CAPEX

1950s: The Scuderia Ferrari won the 1951 World Championship grand prix and the World title in 1952 and 1953. Ferrari began working with Carrozzeria Scaglietti in 1951 to produce and assemble its chassis.

1970s: The production of its cars with the first rearmounted V8 engine marked the beginning of Ferrari’s commercial success. Sales grew, while the Scuderia continued to win F1 titles.

1988: Enzo Ferrari passed away, following the production of several historymaking cars, the 288 GTO and Testarossa in 1984, and the F40, Enzo’s last car in 1987.

2000s: The Scuderia won 13 World titles: 6 Drivers’ and 7 Constructors’. 2002 saw the launch of the Enzo Ferrari and F430 in 2004. The first Ferrari Store opened in Italy, St. Petersburg, Dubai, Abu Dhabi.

automotive

Up to speed: Ferrari was publically listed on the New York Stock Exchange (NYSE:RACE) in 2015. It was also listed on Borsa Italiana, becoming an Independent Company the following year.

ZAGALETA LIFE

Proper t y C ol l ect i o n 2 0 21

2021

PROPERTY COLLECTION

BE IMPRESSED

2021

PROPERTY COLLECTION

Plot: 3.726 m2 Ground floor: approx. 350 m2 Covered and uncovered terraces: approx. 700 m2 -1 floor: 735 m2 -2 floor: 180 m2 Bedrooms: 7 Bathrooms: 8 + 1/2 Includes staff or additional guest accomodation with separate entrance.

BE IMPRESSED

KOMOREBI HOUSE The Hilltop haven that has it all

“Asian influences are seamlessly combined with the best modern materials to create sweeping open spaces that embrace the beautiful surroundings” Komorebi is perfectly integrated into the lush hillside of La Zagaleta, southwest facing and set high on the estate with stunning panoramic views across the mountains and golf course to the Mediterranean and beyond. This sumptuous villa combines modern, Asia-inspired design with sweeping open living spaces that flow freely between the interior and exterior to deliver endless opportunities for relaxing, entertaining or enjoying family life. With an outdoor infinity pool that appears to defy gravity, manicured landscaped gardens, water features and grand terraces that encourage al fresco dining or evening chats by the fireside, Komorebi is the epitome of privileged living. This no-compromise approach to design continues inside, with every detail adding character and luxury to the huge open living spaces, the fabulous kitchen, the lavish bathrooms and bedrooms flowing together in a symbiosis of wood, marble and gleaming surfaces. The indoor spa with heated pool, gym, sauna and Turkish bath are tranquil oases of wellbeing, while the cinema room gives everyone the best seat in the house and can easily be repurposed to suit the owner’s tastes, from a versatile games room or bar area to a spectacular home office or studio. Komorebi’s breathtaking position and vast areas of glass enable every floor - easily accessed via elevator - to make the most of the perfect sunshine and drink in the views from this unique refuge of peace and privacy. The exclusive wonders of the La Zagaleta estate are on the doorstep, and the Costa del Sol is always on show, a clear reminder of the many world-class social, retail and recreational opportunities that are waiting just a short drive away. “The highlights of the Costa del Sol are laid out in panoramic splendor, ready to be discovered or simply enjoyed peacefully from your hilltop haven”.

2021

PROPERTY COLLECTION

The perfect blend of nature and design

Simplicity is a state of mind

Awaken your senses...

...Relax your mind and soul

Plot: 6.000 m2 Ground floor: 537,78 m2 First floor: 303,81 m2 Lower floor: 702,08 m2 Guest apartment: 177,77 m2 Bedrooms: 9 Bathrooms: 10 + 1/2 Includes staff accomodation with separate entrance as well as a separate guest apartment.

BE IMPRESSED

LA QUINTA DE LOS OLIVOS La Quinta de los Olivos combines peace, privacy and privilege to create a perfect luxury home in beautiful natural surroundings. This splendid house is in a perfect position in the heart of the La Zagaleta estate, surrounded by nature and enjoying fabulous panoramic views of the Costa del Sol, Gibraltar and across the beautiful blue Mediterranean to Africa. La Zagaleta’s Old Golf Course adds to the picturesque outlook, winding its way around the valley floor below the house and directly accessible by golfers from the garden. The house combines a majestic classic take on Andalusian design with a southern orientation that harnesses the sun throughout the day and floods the generously proportioned interiors with natural light. Large windows and doors enable the inside to blend seamlessly with the spectacular outdoor spaces to inspire maximum enjoyment of the perfect climate, whether relaxing in the library, lounging around the heated outdoor pool or enjoying a sunset barbeque or cocktails with friends. It impresses from first sight, with its landscaped, palm-lined exterior leading to a stunning entrance complete with a graceful patio, porches and fountains. This meticulous attention to detail and design is reflected by luxurious, welcoming living spaces, exquisite finishes and windows and doors that embrace the light and views.

This is a standout property in a fabulous position on one of the most exclusive and prestigious residential estates in the world.

2021

PROPERTY COLLECTION

With direct access to the golf course

Where family and friends meet

The authentic wine cellar constitutes the foundations of this magnificent mansion

FEATURED PROPERTIES

2021

PROPERTY COLLECTION

Plot: 3.762 m2 Ground floor: 306,53 m2 First floor: 100,80 m2 Lower floor: 273,70 m2 Unfinished part: 181,43 m2 Terraces and patios: 200,45 m2 Beds: 3 (Possibility for 2 additional bedrooms) Baths: 3 + 1/2

FEATURED PROPERTIES

CASA DEL SOL The rays of sunlight that illuminate it nearly all year round are what inspired this spectacular villa’s name: Casa del Sol (Sun House). Its golden facade sparkles in the Marbella light, setting off its exquisite Andalusian architecture. The shimmer filters through the windows, bathing in a special glow a whole myriad of spaces designed to dazzle the senses. Casa del Sol is located on a beautiful plot surrounded by gentle hills and dark-green groves. From here, everything seems close, though privacy is also maximised, allowing you to enjoy a dip in the pool, a relaxing soak in the jacuzzi, or an endless conversation under the moonlight. On the ground floor we find a beautiful Andalusian patio with a fountain welcoming us to this exceptional property. Once inside, we come to a living room with a fireplace, an office, a dining room with enough space for all kinds of get-togethers, a fully equipped kitchen, a pantry, and a laundry room. In the left wing we can find two wonderful bedrooms, both with full, en-suite bathrooms and dressing rooms. Also on the ground floor are two of the villa’s many terraces: an enclosed space, designed for those few days when the air is chilly; and the main terrace, with an Andalusian patio and a barbecue area for intimate dinners, family breakfasts, or simply sitting down to read. The upper floor houses the main bedroom. Its high ceilings, adorned with beautiful wooden beams, and its fireplace, are highlights. It also has an entryway, a dressing room, a bathroom with a hydromassage bathtub and shower, and a charming balcony on which to relax. It also offers a fantastic private terrace from which to take in the open views of the natural scenery and the entire urbanization. In the basement we find a garage with space for four vehicles, the machine room, as well as a flexible, unfinished area that can be customised in innumerable ways, adapted to the needs of each resident; for example, adding two bedrooms with their respective bathrooms, a kitchen and a multipurpose room; or, alternatively, converting it into a housekeeper’s quarters. Small daily actions take on a special meaning throughout the Casa del Sol thanks to the painstaking care put into each and every detail. In short, Casa del Sol is a villa boasting a unique personality, inspired by the beauty of our land, and with countless corners in which to enjoy the good life.

A perfect home to fill with memories.

2021

PROPERTY COLLECTION

Plot: 3.206 m2 Ground floor: 297,64 m2 First floor: 186,40 m2 Basement & semibasement: 428,04 m2 Covered & uncovered terraces: 123 m2 Beds: 5 Baths: 5 + 1/2

FEATURED PROPERTIES

VILLA GENÈVE This contemporary villa is built on a private plot of 3.206 m2 with a superb southern orientation offering vast views of the golf course and lush hillside. The property is distributed along 3 floors with a Built area of 911 m2, plus 123 m2 of terraces. As we enter the ground floor we are welcomed by the entrance hall, which flows with elegance into the living room with fireplace, separate dining room, fully equipped kitchen with breakfast area, guest toilet, office and finally, a guest bedroom with ensuite bathroom and dressing area. The top floor accommodates the master suite with sitting area and gas fireplace, his and her dressing room, ensuite bathroom and solarium, as well as two aditional bedrooms with their private bathrooms and dressing areas. The basement and semi-basement feature a staff bedroom with bathroom and dressing area as well as spacious unfinished room with fibre optic lighting, which could easily be converted into a cinema room, games or multipurpose room. Another remarkable highlight of this property is the spa area including a heated indoor pool, Turkish bath, sauna, gym and shower room. The spa and indoor pool area have direct access to the garden but not only that, the light patio with cascade and water plants floods this area with natural light ensuring a tropical ambience. Furthermore, this floor hosts a wine cellar, laundry room and a garage for 4 cars. The elevator and home automation system elevate the home’s comfort level for an all-around living experience.

An ideal family retreat.

2021

PROPERTY COLLECTION

Plot: 7.293 m2 Ground floor: 594,10 m2 First floor: 198,80 m2 Basement: 94 m2 Pool-house: 63,71 m2 Beds: 5 Baths: 5 + 1/2 Includes staff bedroom with separate entrance.

FEATURED PROPERTIES

CASA RADCLYFFE Situated in a secluded enclave within the sought after estate of La Zagaleta, this magnificent villa is the ideal family retreat. The property enjoys a superb southwestern orientation offering stunning sunsets and wonderful views towards the Ronda Mountains as well as the New Golf Course. Nestled within a spacious and totally fenced plot of 7.293 m2 this home features a large and mature garden with heated outdoor pool and gazebo with BBQ area. The marvellous entrance on the ground floor gives way to a lovely reception hall, living room with fireplace, separate dining room, fully equipped kitchen with breakfast area, guest toilet, pantry room and laundry. A staff bedroom with bathroom en suite is conveniently located on the same floor with easy access to the rest of the house. A garage for 3 cars can also be found on this floor. The right wing features two spacious bedrooms with bathrooms en suite, an Andalusian charm inner courtyard with fountain as well as a sitting room with fireplace and private terrace, which could also be used as an office. An elegant twin staircase leads up to the upper floor which accommodates the master bedroom, complete with bathroom and dressing room en suite as well as a private terrace overlooking the pool and garden. Furthermore, on this floor an additional bedroom with bathroom and dressing room en suite and terrace can be found as well as a steam room with shower, perfect to relax after a stressful day. The basement includes a machinery room and gardener´s toilet and offers the possibility to extend this lovely property. The impeccable, preserved state of this delightfully decorated property makes it ideal for year-round living.

An oasis of peace.

2021

PROPERTY COLLECTION

Plot: 3.375 m2 Built area: approx. 740 m2 Total uncovered terraces: 240 m2 Total covered terraces: 128 m2 Beds: 4 Baths: 4 + 1/2

FEATURED PROPERTIES

VILLA Z’UNICA Hidden gem Villa Z’Unica is a modern architectural wonder, nestling in perfect seclusion among the mature trees of the La Zagaleta estate and combining timeless luxury with stunning views. The house is embraced by nature, with trees up to and even integral to its many terraces, where you can relax in the shade, soak up the sun or simply sit back and enjoy the fabulous outlook. The modern design combines bright, clean lines with rustic details and huge glass surfaces that invite the outside in. The driveway hints at hidden wonders that are revealed as soon as you enter and take in the true qualities of this hillside location.

The house offers the perfect privacy of a forest clearing but cleverly combines this with sweeping mountain views. The gardens are a fascinating mix of native plants, mature trees and carefully considered features that fit seamlessly into the unspoilt setting, from walkways and water features to quiet corners and private bedroom terraces. The cascading pool deck and waterfall bring an organic, curving contrast to the perfect lines of the house, while the Jacuzzi provides an alternative location to cool off and chill out. A wide selection of eating and entertaining spaces each stands ready to make the best of the perfect climate.

Sleek interiors deliver an exclusive luxury lifestyle framed in every direction by the wonders of nature. The house is flooded with natural light, showing off the impeccable interior finishes, with beautiful marble and stone forming open, minimalist spaces that add visual style to homely comfort. Every luxury is on hand, including a sumptuous home cinema, bright games and entertaining room and sauna. Villa Z’Unica is a truly privileged home in the mountains, perfect for entertaining or enjoying the endless benefits and privacy of life on the La Zagaleta estate.

2021

PROPERTY COLLECTION

ONGOING PROJECTS

2021

PROPERTY COLLECTION

TECHLOGDE® is a registered trademark, property of Zagaleta Group. TECHLOGDE® One is the first of a series of ultimate modern contemporary homes currently under construction by ZAGALETA® developer. Carefully planned, the TECHLODGE® concept combines a secret formula designed to deliver and incorporate in all its new homes the best knowledge of modern living, usability and efficiency. The concept is the result of the combined know how of 30 years in property development by ZAGALETA Group based on customer feedback after delivery and use for the aim of product optimization, with special focus on low maintenance and sustainability. Techlodge One is a modern villa with a magical outlook, beautifully designed to combine luxury living with a wealth of outdoor spaces for relaxing, entertaining and making the most of the hillside position. Set in landscaped gardens with a spectacular infinity pool to enjoy wonderful sunsets, Techlodge One has open interior living spaces and vast windows that embrace the natural light combined with wraparound terraces that offer wonderful views from every corner. A customised design is possible during the early stages of construction.

Plot size: 4.202 m2 Bedrooms: 4-6 Forecasted completion date: Summer 2022

ONGOING PROJECTS

2021

PROPERTY COLLECTION

Villa Mountain View brings the ultimate in modern architecture to the upper echelons of the La Zagaleta estate, combining beautiful spaces and sweeping views to create the perfect contemporary home. Like a vision of luxury set in the majesty of nature, Villa Mountain View is positioned high in the unspoilt hills of La Zagaleta, offering peace as well as privacy in perfect surroundings. From the huge infinity pool with manicured gardens to the double-height ceilings and modern design that merges sleek steel and glass with warm natural finishes, Villa Mountain View ignites the senses. This is the latest word in privileged Mediterranean living, with a master suite of more than 70 m2, glass walls that drink in the panoramic mountain and sea views that frame the true beauty of this exclusive private oasis. A customised design is possible during the early stages of construction and could include a sumptuous spa, gym area or other entertainment possibilities.

Plot size: 3.345 m2 Bedrooms: 4-6 Forecasted completion date: Winter 2022

ONGOING PROJECTS

VILLA MOUNTAIN VIEW

2021

PROPERTY COLLECTION

This turn-key project is waiting for you to design your own future. You are still on time to make the final suggestions and adjustments, for this exclusive villa to achieve the goal to fit all your requirements. Located on a superb southeastern-facing plot with stunning unobstructed views towards the golf course, this state-of-the-art villa will create a sense of open space and freedom. Imagine yourself relaxing by the infinity pool, listening to music anywhere, sipping your champagne while sitting on your terraces, cooking a barbecue with your friends or gazing at the stars from the garden beds. Clean and contemporary on the outside, this project will come with sophistication and quality on the inside bringing together both the creative and the technical aspects of innovative architectural design. This new prime property has been planned from the inside out to establish an unbeatable living environment, whilst carefully considering natural views, light, comfort, and functionality. A perfect balance of space, color and texture has been achieved to exceed the expectations of the most exclusive clients.

Plot size: 10.519 m2 Bedrooms: 8 Includes guest as well as staff accommodation both with separate entrance.

ONGOING PROJECTS

VILLA HORIZONS

2021

PROPERTY COLLECTION

Would you like to build your dream home? Check out our various plots available for sale on our estate. Our specialized technical division with more than 30 years of experience and know-how, can advise you and take care of all the details. Let us be your partner during this exciting journey.

HOMESITES

2021

PROPERTY COLLECTION

CONTACT

Tel.: +34 952 855 450 (+34) 666 075 275 | (+34) 659 620 628 sales@lazagaleta.com

Marbella - Ronda Road, Km 38.5 - 29679 Benahavís (Spain)

READS WORTH DISCOVERING THINKING, FAST AND SLOW DANIEL KAHNEMAN

Nobel prize winner in economic sciences for his application of psychological insights on economic theory, Daniel Kahneman explains how the two systems of the human brain one fast, automatic and intuitive, the other slow, deliberate and analytical - struggle over control of one’s behaviour, how this can lead to errors in memory, judgment and decisions, and what we can do with this understanding about the way we think. THE ESSAYS OF WARREN BUFFETT: LESSONS FOR CORPORATE AMERICA WARREN BUFFETT

This is a collection of the annual letters which Warren Buffett wrote to BerkshireHathaway shareholders between 1979 and 2006. His perspectives on markets and investments expressed over a quarter of a century have been curated by Lawrence A. Cunningham, who not only includes Buffett’s fundamental and insightful views, but also demonstrates the evolution of his investment philosophy. GOLF IS NOT A GAME OF PERFECT DR. BOB ROTELLA

The top sport psychologist and coach of the winners of more than 70 major championships in men’s and women’s professional golf talks about the mental game that goes on behind every swing: fear vs. nervousness in competitive rounds, training vs. trusting mentality during practice and more: “Even the greatest players are human, human beings commit mental mistakes, and all golfers can learn from the study of those mistakes.” A BETTER PLANET: 40 BIG IDEAS FOR A SUSTAINABLE FUTURE DANIEL C. ESTY

Published by Yale University Press, the book by the Hillhouse Professor of Environmental Law and Policy compiles the perspectives from environmental leaders who look beyond political divides to offer solutions. Forty essays contain 40 big ideas on climate change, public health, big data, ecology and topics centered around sustainability, all based on analytical research.

CAPITAL IN THE TWENTY-FIRST CENTURY THOMAS PIKETTY

The French economist charts the changes in income and wealth since the Industrial Revolution, from disparity throughout 18th and 19th century western Europe, and a relative egalitarian distribution caused by the two World Wars and the Great Depression, to the phenomenon of modern economies. Piketty expresses his theory and predictions on the relationship between capital, growth and inequality. HOW TO AVOID A CLIMATE DISASTER: THE SOLUTIONS WE HAVE AND THE BREAKTHROUGHS WE NEED BILL GATES

Bill Gates describes his decade-long studies on climate change, the current technology tackling it, the urgent progress necessary, and the innovators who are leading the way towards net-zero emissions of greenhouse gases. It is his firm belief that “We can work on a local, national, and global level to build the technologies, businesses, and industries to avoid the worst impacts of climate change”. EMOTIONAL INTELLIGENCE: WHY IT CAN MATTER MORE THAN IQ DANIEL GOLEMAN

The psychologist, journalist and author makes a case for the significance of emotional intelligence, starting from the neurology of the primal brain and its effect on our actions/reactions, to the role which EQ awareness, education and practice can play in life, through real-life accounts of anger, depression, anxiety, posttraumatic stress disorder, substance abuse and addiction. EINSTEIN’S UNFINISHED REVOLUTION: THE SEARCH FOR WHAT LIES BEYOND THE QUANTUM LEE SMOLIN

The theoretical physicist and writer - a co-inventor of loop quantum gravity and deformed special relativity, as well as the inventor of cosmological natural selection - demonstrates how quantum physics fails to describe the world on an atomic scale, and the existing theories that can go beyond quantum mechanics and complete Einstein’s revolution.

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Set peace of “mind as your

highest goal, and organize your life around it

”

ZAGALETA CORNER Meet the people

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Monica Manser Monica Manser is Head of Customer Relationship and a Senior Director at La Zagaleta Service Management, S.L. Born and raised in St. Gallen, Switzerland, she holds a Diploma in Business Administration. She did her practical training in a Swiss/American tech company before moving to Marbella in the year 2000 where she started to work for a real estate company before joining ZAGALETA in early 2002. Her daily mission consists in ensuring that all services around the property management and maintenance, including concierge services are covered for anyone owning a property at La Zagaleta. Monica is fluent in German, Spanish and English and has a good level of French and Italian.

TIPS ON CUSTOMER SERVICE Twenty years ago and about two years after La Zagaleta Service Management was founded, Ignacio Pérez, who then was Head of Marketing, approached me and invited me for a job interview. He was looking for someone reliable, capable of understanding the needs and expectations of our international and exclusive clientele. I had moved to Spain from Switzerland, not too long before where I had grown up and studied, so I was excited with the idea of being able to be part of such a great and unbeatable development called ZAGALETA. Looking back, there has been a huge evolution in the service industry during these years - our world is getting more and more digital and the answer to nearly anything is the ability to buy almost everything by just a click or a tap. Customer expectation is high and the response to any issue or request has to be immediate. To heat up your house or swimming pool is as easy as to set it up on your mobile or Ipad, online shopping is quick and effortless. Despite the technological disruption to make things happen easily, both for the customer as well as for us as a company, every day we notice the importance to add a personalized and tailor made à la carte service that enhances the overall experience in a very substantial way. For this, a fully dedicated, discreet, professional and multilingual staff is on duty to make “everything happen” quietly while the homeowner can enjoy his property. This often includes implementing procedures to detect issues before they even arise and turn potentially unpleasant and complicated situations into manageable and stress-free ones. Having a trustful and local partner by your side, for whatever request you might have, be it of domestic, administrative, or family event nature gives you the real comfort that the issues will be dealt with care and professionalism. It´s our mission to cater beyond traditional concierge services, so our residents can spend their time on the important things of life, having full tranquility knowing that their properties and families are in the best hands whether they are at La Zagaleta or in their home countries. Living in La Zagaleta already assures a high quality of life but being able to enjoy this amazing place without having to worry about anything is a real luxury.

“

There is only one opportunity to give a good impression

”

“

The goal is to build a long-term relationship rather than a short-term, transactional one

”

Olga Ramos Master in Sales Management and Marketing. Legal Translator and Interpreter by the University of Granada. Expert in Protocol and Business and Institutional Communication. She speaks Spanish, English and French. After starting her career in the tourism sector, she entered the real estate & property development field, working for companies such as Taylor Wimpey. In 2009 she joined Zagaleta Group. During her first stage in the company, she was in charge of customer care and assisting the sales manager to later coordinate the Sales Department. Dynamic, perfectionist and self-demanding, she seeks to develop her potential by providing solutions and meeting objectives.

TIPS ON SALES Nowadays, given the intense competition and low growth or markets, providing added value is a source of competitive advantages and a fundamental factor to achieve profitable sales. Therefore, in daily work, the salesperson must ensure that they correctly communicate this added value to potential buyers in accordance with the brand’s positioning. In addition, it is necessary to connect emotionally to generate a positive experience that manages to unite the company and the customer in the same direction. Prospects are increasingly demanding, have greater knowledge and are aware of their negotiating power. This means that the traditional concept of selling (attracting and selling) is evolving into a much more complex and motivating one which goes through the stages of attracting, communicating, selling, satisfying, building loyalty, and prescribing. This new approach consists of advising the customers throughout the decision process focusing on their needs. Rather than hard selling the product, the salesperson needs to ask questions and listen to the answers. That makes it easy to match those needs to benefits related to the product or service and furthermore the potential buyer is likely to reach out to the salesperson again whenever they have a question or doubt about that area of interest. The goal is to build a long-term relationship rather than a short-term, transactional one. Delivering a clear and credible speech, transparency, adaptation to new trends, innovation and personalized experiences are key points to achieve success.

Carmen Rodríguez Assistant to Business Development at Zagaleta, S.L. Born and raised in her hometown in Granada, Andalusia. As for her education, she has two Bachelor’s degrees, one in Hospitality, and one in Human Resources, the latter from University of Granada. She also holds a Master’s Degree in Hospitality Business Management. After her education, she decided to move and settle down in the Costa del Sol, where she started to work alongside the best professionals in her field of expertise. Starting as Food & Beverage coordinator at the KEMPINSKI Hotel Bahia, she moved on to work for one of Marbella’s most exclusive private member’s club at Puente Romano Hotel, part of “The Leading Hotels of the World”. In 2019 she joined Marketing & Sales at ZAGALETA Group, where she fulfils multiple tasks including assisting Business Development & Events ensuring a unique customer experience both on a corporate and business partner level.

TIPS ON HOSPITALITY When it comes to hospitality, creating a unique stay is the key to building guest loyalty. Setting the highest standards for the guests in terms of accommodation, food, transport and other services as well as designing the most unique experience is the first priority in order to captivate guests and partners. Below are some of my general tips or savoir faire if you wish to offer a world class hospitality welcome: • Giving a warm greeting, using the guest’s name and offering a welcome drink will make them feel unique and special. • Anticipatory service: Identify the guest’s needs. That is to say, thinking in advance what kind of demands and concerns customers are likely to have. • Feedback: Encouraging active listening and observation among the members of staff. Collecting customer feedback, having a structured process that allows to implement it rapidly and effectively. • Go “the extra-mile”: Surprise effect. Focus on providing something extra and personalized, trying to go above and beyond. • Have a deep knowledge about the guest and the guest’s culture. Let the customers know that your brand empathizes with their principles and respects their habits. Diversity is valued and rewarding. • Enhance the experience with local elements. Submerge guests into the local vibes and senses definitely has the desired effect of a full experience, besides procuring unforgettable moments. And last but not least: “There is only one opportunity to give a good impression” as the saying goes. Corporations invest large sums of money to attract customers or prospects; so do not miss out on this in your own!

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FROM EGO TO ECO The most significant green tech news that have changed the way we live, the way we see the world, and the way we prepare for our future.

PROJECT EARTH

BRITISH DEPARTMENT STORE SELFRIDGES promises to stop stocking products that are not compliant with its new sourcing standards by 2025, as part of its bold new sustainability goals. (Source: “Selfridges MD’s radical ‘Project Earth’ programme”, Drapers, 17 August 2020)

QUANTUM SUPREMACY

IN PARTNERSHIP WITH OAK RIDGE NATIONAL LABORATORY NASA has demonstrated the ability to compute in seconds what would take even the largest and most advanced supercomputers thousands of years, announcing a milestone known as quantum supremacy. (Source: NASA)

CLIMATE NEUTRAL

NET-ZERO 2050 The European Climate Foundation’s initiative, Net-Zero 2050, commits the Europe Union to reach net-zero greenhouse gas emissions by 2050 at the latest, for the greater good of the economy, society and well-being. (Source: European Climate Foundation)

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MOBILITY OF THE FUTURE

BMW PREDICTS THE 5 TRENDS OF URBAN MOBILITY Widerspread adoption of e-vehicles, car-sharing instead of ownership, autonomous driving, car-to-X communication, and new concepts for better urban mobility. (Source: BMW)

TIME Magazine names Heliogen HelioHeat, FarmWise Titan FT-35, Pivot Bio PROVEN and Tom’s of Maine Recyclable Tube as “The Best Inventions of 2020” for sustainability.

COVER STORY • ZAGALETA TO HAVE & TO HOLD

FOUNDER OF VENDÔME GLOBAL PARTNERS

ALL IN THE SAME BOAT

FEADSHIP PLANS TO GO GREEN

Elsa Berry states: “Watches under 1,000 Swiss francs are doomed...High-end watches and solid luxury jewellery, however, are remarkable in several aspects” as investment pieces and selfgifting items, especially in the Chinese market. (Source: BoF-McKinsey State of Fashion 2021)

and possibly be emissions free by 2025. The Dutch superyacht giant has been boosting the way in which its four shipyards generate energy. Director Henk de Vries states, “Every part of the Feadship group is leading the way in reducing the ecological footprint of the superyacht sector as a whole. From the way we build yachts to lifecycle assessment studies aimed at reducing material waste, this philosophy applies to every aspect of our work. Ongoing research into how Feadships can become more sustainable is having a genuine impact.” (Source: Feadship)

8 BREATH OF FRESH AIR

ROLLS-ROYCE INTRODUCES THE CLEANEST MICRO ENVIRONMENT GET ACTIVE

ATHLEISURE AND ACTIVEWEAR SALES in the US were down only 2 to 3 percent in August 2020 compared to the previous year, while other apparel witnessed double-digit decline, according to Earnest Research. (Source: “How to win the pandemic’s activewear boom”, The Business of Fashion, September 9 2020)

available in any motor car by using the latest sensor and Nanofleece filtration technology. For the new Ghost, which debuted in autumn 2020, the technology was further developed to incorporate a full suite of hardware and software improvements, collectively known as the Micro Environment Purification System. (Source: Rolls-Royce Motor Cars)

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MARK HOLMAN ZAGALETA’S EXCLUSIVE INTERVIEW

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“

When we visited La Zagaleta we fell in love with the tranquility of the estate, the most incredible views as well as the abundance of wildlife that we just did not expect to find. We also wanted more privacy and I think that’s where La Zagaleta is in a league of its own.

”

Mark Holman is one of the founding partners of TwentyFour Asset Management, and serves as the firm’s Chief Executive Officer. He sits on the firm’s Executive Committee, which has the overall responsibility for the day-to-day running of the firm, as well as the Board of Directors, which sets the overall strategy and direction of the business. Day-to-day, Mark is also a key member of the firm’s Multi-Sector Bond team. He is a member of the firm’s Investment Committee. Mark has over 30 years of experience in fixed income markets gained across a variety of senior roles in asset management and investment banking, including positions at Barclays Capital, Lehman Brothers and Morgan Stanley. Two years have passed since Mark and his family joined La Zagaleta. 1. TwentyFour is quite a rare investment house in that you only focus on global bond markets, why did you decide to do that?

3. How about London as a financial centre, are you still happy to be based there?

London has been very kind to me, working there for some terrific global banks and then at TwentyFour, and it continues to provide the leading talent base in Europe. For example, the sad decline of the investment banks has provided a great source of highly talented, highly motivated people from which we have been able to facilitate our growth. It is also the centre of the financial world, and I think this will remain the case after Brexit too. Our geographic position, overlapping Asia, Europe and the US, means we are genuinely global investors all speaking the same language, and from a relatively tight It is no exaggeration hub, which is the City of London. It’s a to say that everybody wonderful place to do business.

Our expertise has always been bonds, or fixed income as we call it, and we are firm believers in active management. I have focused solely on bond markets for over 30 years now, and the senior group of 12 partners have over 25 years on average of specialist experience. In order to be successful over the long term as an active manager, we were totally convinced that we needed to be this specialised and we needed a high conviction approach.

2. I understand that you launched the firm in September 2011, what was that like setting up a new company in the midst of the financial crisis ?

“

needs bonds. It’s the

We actually launched in the week 4. What type of investors buy bonds? best source of income before Lehman Brothers went bust, in the financial world, which for me was the defining It is no exaggeration to say that and with less ancillary moment of the crisis. We knew then everybody needs bonds. It’s the best that our world of investing would source of income in the financial world, risks to many other never be the same again, and that and with less ancillary risks to many sources of income. we would have to rip up nearly all other sources of income. Even for of our conventional wisdom, which those investors that don’t specifically with hindsight was the smartest thing need income, the income can be that we did. What worried us at the time was we had used to steadily compound capital growth and without spent two years setting up our firm, hiring the people, many of the downside risks of investing in equities, building the infrastructure and trading systems, and at for example. Every investor type will typically have a the point of launch we had everything except any clients, reasonable allocation to fixed income, from pension funds and the prospect of winning them looked quite remote! to insurance companies, foundations, corporates, central Luckily, eventually we did and those early clients enjoyed banks, sovereign wealth funds, and of course the rapidly some supernormal returns, and nearly all of them remain growing private wealth universe. Different types of bond clients today. strategies can be used to satisfy investors’ needs.

”

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Our geographic position, “overlaping Asia, Europe and the US, means we are genuinely global investors all speaking the same language.

”

5. What type of fund appeals most to the private wealth sector? Generally they are looking for a fund where the bond manager takes all the decisions for them, rather than trying to second guess which part of the bond market to be in for themselves. These types of funds will typically embrace more risk earlier in the economic cycle and seek to be more defensive as the cycle gets older. Returns naturally vary but they can compound nicely as the years go on, as well as paying out an attractive level of income. From my perspective they are also the most fun to manage.

6. TwentyFour has grown quickly since 2008 and now manages over £16bn. What is the next step? I feel that we have achieved a lot in our short time, but we have been aided by ultra low interest rates which has seen incredible flows of cash move away from the big banks and into asset management. I think this is the new normal, so that gives us a good opportunity ahead. The rise of passive investing has been a remarkable change to our industry in the last 10 years, but the next one ahead is “sustainable” investing. Our industry has an incredible opportunity to shape the future through sustainable investing. Essentially favouring companies that do good with lower borrowing rates and punishing those that don’t with more restricted access to financing, which means a higher cost of capital. We have developed a very exciting framework at TwentyFour to help lead the charge towards this worthwhile goal.

7. On a personal level, who or what has shaped who you are? I am very much self motivated and I am my own taskmaster.

8. A position like yours demands strenuous effort. What sports or hobbies help you achieve mental health and well-being? Actually I feel that fund management is in a way one of my sports. It’s certainly highly competitive, and there are league tables in which all of our funds sit – I find that highly motivating. However away from the office I do love my sport too, both watching and playing. I try to watch Brighton in the Premier League most home games and I’ve been a keen golfer since I was 10, getting gradually worse since I was 20! I am also a keen skier and since being in Spain the whole family have a beginner’s love of paddle tennis.

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“

The environment for house building in La Zagaleta is an architect’s dream, with the mountainous surroundings and spectacular views over the Mediterranean combined with much larger construction plots.

”

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The rise of passive “investing has been a

remarkable change to our industry in the last 10 years, but the next one ahead is sustainable investing.

”

9. How does la Zagaleta interlink with your well being? Naturally La Zagaleta ticks a lot of these boxes for us. Lisa and I have four boys and all six of us like the outdoor life. We try to go for a run most mornings before the kids get up, though not too long as the hills take their toll very quickly! Having the club on the doorstep is just so convenient especially as it’s never too busy and of course the extended daylight means we can use the facilities right through the winter into the early evening. Most of all though it’s a place where we can really feel relaxed, whether on holiday or working from home.

10. What talked you into acquiring a home in La Zagaleta ? In the UK we live in the countryside in Sussex, so our first villa that we had on the Golden Mile was a departure from that and was very much a holiday home. We knew if we were to spend more time here then it would need to be away from the hussle and bussle of the town. So when we visited La Zagaleta we fell in love with the tranquility of the estate, the most incredible views as well as the abundance of wildlife that we just did not expect to find. We also wanted more privacy and I think that’s where La Zagaleta is in a league of its own.

11. With the acquisition of an iconic property from ZAGALETA developer, how do feel about it and how can you describe it? The environment for house building in La Zagaleta is an architect’s dream, with the mountainous surroundings and spectacular views over the Mediterranean combined with much larger construction plots. The villa that we liked most and went on to buy looked incredible and had all that we could wish for inside, though I have to admit we were a little nervous buying such a property as we were worried about build quality, servicing and maintaining it and also what might go wrong. The worries were ultimately why we selected Villa Halcyon as it was built by La Zagaleta themselves, with the architect just 200 meters away and the service centre even nearer. We felt that we could trust them to make the ownership experience more relaxing and that has proved to be the case.

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ZAGALETA NEW COURSE, GOLF ACADEMY AND ARBONAUTA RESTAURANT An amazing golfing experience of unequal beauty enjoyed between mountain valleys, streams and forest. A true renaissance prepared for the post-Covid era. The foreseeable end of the pandemic, the arrival of the summertime and the good weather make the perfect excuse to go and rediscover Zagaleta’s Community Northern part with the opening of ARBONAUTA®, the gourmet restaurant overlooking the 18th green and the beautiful natural lake. There is no other way than to go and see for yourself. Whether you are a foodie, a golfer, a hiker, or a biker’s fan, this can’t be missed. Located in Spain’s most iconic estate ZAGALETA ® and in hidden valleys surrounded by natural lakes and water streams lays a real gem of unrivalled beauty and sophisticated building engineering. 18 holes of world class golfing were built here 16 years ago together with an impressive driving range and a clubhouse, now reconverted into a gourmet restaurant and a new golf academy that make a magic combination. A true challenge, even for experienced golfers, as you play the holes in the valleys, lakes, through the Bermuda 19 - beautifully designed fairways and greens. The arrival at the 9th and the 18th gives the reward, the temptation of enjoying a stop at the newly opened gourmet restaurant ARBONAUTA® a place to relax over a drink or a delightful meal. There is no other choice: Go and see for yourself!

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LIFESTYLE & CORPORATE NEWS ZAGALETA® JOINS CÍRCULO FORTUNY AS A MEMBER OF THE BOARD OF THE ASSOCIATION

Over the last few years, Zagaleta Group has been part of Círculo Fortuny. Earlier this year, Zagaleta joined as a member of the board to this non-profit prestigious organization. The aim and mission of Círculo Fortuny is to represent and enhance Spanish excellence, creativity and culture. A sustainable excellence that is representative of our history and our passion for life. The origin of creativity and culture always comes from the great tradition of the peoples. It has been in this context, fed by memory, tradition and time, where the identity of our culture is generated, and it is in this original magma of popular art that we find true excellence. Raised by creativity and innovation have emerged the companies and artisans that form part of Círculo Fortuny today, representatives of Spanish savoir-faire that makes us see the present with optimism and guides us to the future. Likewise, Círculo Fortuny belongs to The European Cultural and Creative Industries Alliance (ECCIA), composed of leading European cultural and creative industries organisations. This alliance represents more than 600 high-end European brands belonging to various sectors: watches, leather goods, fashion, cosmetics, accessories, jewelry, gastronomy, furniture, decoration, automobiles, yachts, wines and spirits, hotels, leisure, auction houses, publishers. If you are a member of the club and wish to have an introduction to any of the association’s members, please contact us at: info@lazagaleta.com

( France )

( Italy )

( Germany )

( United Kingdom )

NEW E-BIKE CENTER AT ZAGALETA (NEW COURSE CLUBHOUSE) ZAGALETA® recently opened an e-bike center for property owners at the estate. The size of the Zagaleta estate combined with the vast roads, offload track network and the many destinations and spots to watch, make a ride with these high-performance and quality bikes a truly unique experience. Remember to reserve your bike in advance to be able to enjoy the activity with your family or friends. Give yourself the opportunity to test these fantastic SPECIALIZED bicycles that will bring you unavoidable happiness on the trail and a whole new riding experience. The center is located opposite the new restaurant, ARBONAUTA®. For bookings or further information, please contact us on: +34 951 901 896 or by email at info.golf@lazagaleta.com.

ZAGALETA HIRES WATG FOR ITS CURRENT AND FUTURE HOTEL MASTER-PLANNING PROJECTS, BOTH AT LA ZAGALETA AND VALDERRAMA II. WATG, one of the leading consultancy firms in the world, was recently hired by Zagaleta Group to design and plan its current and future hotel projects, one of them being enclaved in the northwestern part of Zagaleta estate (with a third and separate entrance) and the other one in its future development to come in Castellar, bordering with Sotogrande (known as Valderrama II). Master Planning considers the physical character of the site and its potential for positive transformation in the context of market expectations. The result is a plan that minimizes risk and optimizes long-term financial success while creating a beautiful place. With the goal of economic longevity, WATG will provide Zagaleta Group with visioning and concept development, competitive positioning and feasibility, land use and planning in years to come, all thoughtfully orchestrated with human experience at the core.

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Bang & Olufsen continues nearly a century of sound innovation with the new Beoplay H95 headphones.“Beoplay H95 is a distillation of the best elements of Bang & Olufsen sound, design and craftsmanship – an enhancement within the headphone category that elevates our 95 years heritage of high standards”, says SVP of Product Management Christoffer Poulsen. Fine materials and dial control for volume, active noise cancellation and transparency come together.VP of Design Gavin Ivester says,“Home, work and transit can all be dynamic environments that demand a response, whether it is to adapt to a new noise level or change your focus for a minute to respond to someone. The dials make it quick and easy to do what you need and keep the moment flowing.” The Beoplay H95 also comes with ACC and aptXTM Adaptive.

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Bang & Olufsen provides home entertainment with many solutions, and the BeoVision Harmony is central to the experience (top right). It can stream music directly from the smartphone to its powerful speakers through the Bang & Olufsen app, Apple Airplay 2, Chromecast integrated or Bluetooth, while allowing access to Netflix, Amazon and YouTube and other content service providers. The new Beovision Harmony 88” features the latest 8K OLED screen technology and the 65” and 77” support 4K resolution.

TOUCH TO GO: LUXURIOUS SIMPLICITY Bang & Olufsen’s new Marbella store, located on Calle Antonio el Bailarín in Puerto Banús, highlights entertainment with audiovisual experience and ‘beoliving intelligence’ through smart home solutions.

According to Businesswire, the current global smart home market is expected to grow from USD 78.3 billion this year, to USD 135.3 billion by 2025. This can be attributed to the ever-wider adoption of smart devices amongst an increasing number of internet users; the growing importance for home monitoring in remote locations, as well as the need to save energy and to come up with low carbon emission solutions. In recent years, control systems which manage audio, volume and multimedia go beyond mere convenience to address one of the biggest concerns at home: entertainment, which has rapidly transformed from leisure to necessity, with the proliferation of smartphones and gadgets. Bang & Olufsen’s research and development of interconnectivity has made it possible for its products to work as an integrated system. This has resulted in the BeoLink Smarthome, where all Bang & Olufsen products function together, while interacting with other systems. Through the BeoLink Gateway, a hideaway solution that is compact and fast, diverse devices, brands, home automation or smart gadgets and appliances can be connected. By controlling all home technology - from entertainment and lighting, to kitchen and bathroom appliances, Bang & Olufsen’s solution serves both the user and professional installer who configures the home integration. The BeoLink App provides secure remote access when the user is away from home.

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GOLF

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GOLF

Zagaleta New Course

Renaissance of an exceptional achievement

Zagaleta New Course was designed in 2005 by the golf courses design firm Gaunt & Marnoch, merging nature in an 18-hole course in a magical setting of Mediterranean forest. Zagaleta New Course offers you a unique countryside feel, just 15 minutes away from Marbella, San Pedro and 30 minutes from the picturesque town of Ronda. NEW COURSE, NEW EXPERIENCE. New Course is an exclusive place set in the exclusive Zagaleta estate. The constant presence of wild flora and fauna provide unforgettable sights all along the journey. During your game, you might see deer and fallow deer, wild boar, among others. The sound of birds will accompany you while you lose yourself and discover all of its nooks and crannies, leisurely uncovering a new dimension of the game which is home to all the riches of nature. A couple of details regarding the course: The maximum time to complete the 18-hole course is 4 hours and 20 minutes. The use of a buggy is required. A new fleet of electric golf cars have been acquired. They are equipped with a USB charger for mobile phones, GPS technology and a digital screen with an interactive map of the golf course to improve the playing experience. You may also order lunch or snacks from the restaurant that will be delivered to you when passing the green of hole 9. The practice range has been improved by adding a larger putting green to it. The driving range flags have laser devices for easier measurement of distances to the greens-targets. Golf-pro Antonio Aguilera runs the Golf Academy and will provide golf lessons through technological systems such as Trackman and golf simulators. The facility also offers the possibility of tailor-made clubfitting and acquisition of golf equipment.

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GOLF

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Zagaleta New Course

Renaissance of an exceptional achievement

golf

To complete the experience, the course has a newly renovated clubhouse with a large terrace and views of the vast countryside and its beautiful lake. The restaurant ARBONAUTA is managed by Delicias Gourmet Group, a dedicated group that only offers the highest quality of all its products and a five-star service, paying attention to every detail. The experience putting the game of golf and the dining together is unique. The corner Pro-Shop offers a wide range of golf clothing and accessories. In a very near future there will be water activities by the reservoir in front of the clubhouse. A round of golf at this course will surely provide you with the most unique experience. To play at New Course you have to book your tee time through: info.golf@lazagaleta.com or +34 951 901 896.

To contact the Golf Academy, please call or email: Antonio Aguilera +34 615 673 679 / mygolfvision@gmail.com

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DESCRIPTION OF NEW COURSE HOLE BY HOLE: Hole 1

A short Par 5 gets your round easily underway. An accurate tee shot will allow mid to long hitters to reach the green with their second shot. The green slopes heavily from back to front so always try to keep your approach shot below the hole.

Hole 2

A picturesque medium length Par 3 with a lake guarding the front and right side of the green making players want to bail out towards the left side of the green. From that position a quick chip or putt awaits.

Hole 3

slightly downhill this Par 5 is out of reach in two shots for most of the players. A fairly wide tee shot leaves you with a challenging lay-up where a bunker strategically placed will swallow any ball that is pushed slightly right. A well protected green with bunkers short left and long right awaits a mid to short approach shot.

Hole 6

Longest Par 3 on the course, with a shallow but wide green that slopes from left to right and penalty area along the right side, this hole should always be attacked from the left side. Any shot that finishes over the green will be faced with an extremely quick approach or bunker shot with the green running away from you.

This is the shortest Par 4 on the course, a hole which will tempt long hitters on trying to reach the green with their tee shots. With hazards surrounding most of the green accuracy is a must if you want to be putting for eagle. For the average hitter and those wanting to play safe, a mid- iron off the tee towards the right side of the fairway will leave a short approach to a large sized green.

Hole 7

Hole 4

Hole 8

The first of two Par 5’s in a row, with great elevation from tee to fairway the tee shot plays a lot narrower than it is. A huge pine tree in the middle of the fairway makes for a difficult lay-up. A narrow but deep green will make for a 3 clubs difference from a short to a long pin position on your approach shot.

Hole 5

This is the longest hole on the course. Even though it plays

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A medium length par 4 that plays shorter due to the extreme downhill slope. There are two well defined strategies: risk seekers can take driver over the left hill and will be left with a short approach shot & the safer alternative calls for a mid to long iron off the tee just left of the fairway bunker that will leave you with a mid-iron for your approach shot onto the green. Club selection is vital in this short Par 3. The green is severely undulated, and anything hit long leaves you with a very quick approach shot coming back. It is recommended to keep the ball below the pin.

Hole 9

Classic risk- reward Par 4 where the longer hitters can try to reach the green with their tee shots. Whether you decide to play

aggressive or safe from the tee, a narrow and moved green make this hole difficult.

Hole 10

Downhill Par 3 that plays a couple clubs shorter than its real distance. With a green well protected by bunkers and placed diagonally from left to right, club selection becomes essential if you don´t want to be left with a daunting approach to save par.

Hole 11

With penalty area all along the left & right side and a well-placed bunker, an accurate tee shot in this short Par 4 is essential to face a mid to short approach shot into an elevated green that slopes from back to front.

Hole 12

This picturesque Par 3 is located in the most tranquil remote corner of the layout. With the smallest green on the course, all sort of trouble is awaiting for errant tee shots. You better have good Spanish hands if you are to get the ball up and down when missing this green.

Hole 13

This slight right to left dogleg Par 4 plays entirely downhill therefore no more than an iron is required off the tee. Penalty area all along the right side and OB to the left makes this tee shot difficult, especially when playing into the wind. A narrow and well protected green with bunkers short and left and penalty area to the right awaits a mid-range approach shot.

Hole 14

With a penalty area located 50 metres before the green, a driver may

not be required for the longer hitters. A small and super undulated elevated green with bunkers short and long awaits a short approach shot onto the green that must be extremely accurate.

Hole 15

A slight dogleg right to left and slightly uphill in its entirety this hole plays much longer than its real distance. A well-placed driver off the tee will leave you with a longish uphill second shot into a small green that slopes severely from back to front.

Hole 16

This is the shortest hole on the course. With a green larger than average for its distance, this Par 3 gives you some rest before a tough finish to the layout. You must be especially cautious if the flag is placed long and left as there is a penalty area awaiting any pulled tee shot.

Hole 17

This Par 4 doglegs sharply from left to right. Longer hitters can try to cut the corner bringing the penalty area on the right into play. Average hitters should aim straight and leave a longish shot onto the green. This green is very narrow, and it slopes severely from back to front.

Hole 18

This is a great risk reward Par 5 finishing hole. Longer hitters can look at aiming a bit further right off the fairway. From there, it will allow to comfortably reach the green in two shots. A big lake waits for any pushed attempt on trying to reach the green. Average and shorter hitters must aim left of the tee to a comfortable wide area. An accurate lay-up will then be needed to face a short approach onto a green protected with that same lake on the right side.

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GASTRONOMY AT YOUR DOORSTEP

ARBONAUTA: A RESTAURANT FOR THE SENSES INSIDE THE GROUNDS OF LA ZAGALETA ARBONAUTA restaurant, in the heart of La Zagaleta New Course, is an extension of sensorial treasures that only mother nature can offer. Here, diners can navigate through sights and sounds from the woods while savouring local dishes. Part of the Delicias gourmet group, ARBONAUTA restaurant presents its cocina viajera, an approach in which expert chefs explore new flavours based on the best ingredients: La Zagaleta’s exclusivity and spectacular surroundings. Born from the need to discover and explore the natural environment of La Zagaleta, ARBONAUTA is a true refuge for the senses. Imagine an astronaut, but one who enjoys the pleasures of weightlessness among the trees that surround us. The name Arbonauta is a play on words between ‘árbol’ (tree in Spanish) and ‘nauta’ (navigator). The restaurant is rooted in the New Course and opens its doors to creative flavors and experiences. It also caters to welcome you and your friends for breakfast or light bites overlooking the superb natural setting of one of the most challenging golf courses in the area. The gastronomic concept is led by chefs Sergio Hidalgo and Víctor Iglesias, who have collaborated to create a menu under the wing of Marbella’s go-to gourmet provider, Delicias gourmet group. Known for stocking the best fare, from fruit and vegetables to the finest meat cuts – chefs are free to invent and create with

the highest quality products at hand. Meats in diverse cuts and preparations are a highlight. Delicately cut and marinated pieces make finest tataki and patrons can pick their preference straight from the Dry Ager.

Nestled in the Zagaleta New Course, Arbonauta Restaurant, as its name suggest, is a true journey into the woods. From its location to interior design, it reminds diners of its unique location in the Costa del Sol, rich with natural resources and local gourmet.

The menu is guided by a unique concept: that of “the traveler”. Those who are fond of traveling appreciate much more than getting to places: the earth from which trees grow, textures of touch and taste, the small pleasures that life gives us to discover something new. With this in mind, take the path down a gastronomic journey by booking a ‘short’ or ‘long’ walk - the tasting menu. Lunch, dinner, or cravings at any time of the day are perfect excuses to drop in, even casually. ARBONAUTA is more than a restaurant for Zagaleta homeowners and golf members to turn to when they do not want to leave the premises. Doors are open to guests, always prior reservation – the tight security at La Zagaleta means that you will be checking in to the premises at the entrance where you will receive a GPS locator, which will be returned when checking out from the estate – the experience is part of the delight. If you are caught up raising your game and hesitate to leave the golf course, the restaurant brings your order to Tee 9 and if you prefer to enjoy the pleasures of gastronomy in the comfort of your home, simply request delivery service.

ARBONAUTA Telephone: +34 659 284 379 Email: reservas@arbonatura.es www.zagaletagolf.com

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BUSINESS PERSONS IN THE SPOTLIGHT SCOTT STEPHENSON

RODNEY SACKS

Chairman, CEO, Monster Beverage

MICHAEL MAHONEY

JOHN DONAHOE

CEO, President, Nike

RESHMA KEWALRAMANI

CEO, President Vertex Pharmaceuticals

GARY GUTHART

Chairman, CEO Boston Scientific

AJAYPAL BANGA

Executive Chairman Mastercard

MICHAEL MUSSALLEM

Chairman, CEO Edwards Lifesciences

CEO, Intuitive Surgical

BRAD D. SMITH

Executive Chairman Intuit

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Chairman, CEO, President Verisk Analytics

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RONALD CLARKE

Chairman, CEO, FleetCor Technologies

! t i h s a Sm RISE TO THE CHALLENGE UNDER THE BLUE SKIES OF MARBELLA

AN ICONIC VENUE FOR TENNIS LOVERS #PUENTELIFE365

L I V E T E N N I S W I T H PA S S I O N

V I V E E L T E N I S C O N PA S I Ó N

Become a member and get access to a wide range

Hazte miembro y accede a toda una variedad de

of tennis and paddle programmes. You´ll also have

programas de tenis y pádel. También podrás disfrutar

the privilege of attending prestigious national &

del privilegio de asistir a torneos nacionales e

international tournaments such as the Davis Cup and

internacionales como la Copa Davis y el tour ATP. Es

the ATP World Tour. It´s time to raise your game and

hora de llevar tu juego al próximo nivel bajo el cielo

rise to the challenge under the blue skies of Marbella.

azul de Marbella.

SERVE IT, SMASH IT, WIN IT, LOVE IT! ctenis@puenteromano.com | +34 952 826 103 | puenteromanotennis.com

THE SUM OF ITS PARTS The robotics sector has come a long way from when the concept first appeared in 1920. Robots have been extensively used in industry for years, above all in automotive and electronics, but more recently the type of intelligent, humanoid robot from science fiction has become more feasible in real life, by means of developments in computing power and battery solutions. A progressively wider use of “collaborative robots” or cobots amongst the general public will drive down prices and enhance the already very interesting investment opportunities offered by this field of technology.

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The robotics industry is one of the largest technology markets today, with a range of different applications, all linked to the “robot” concept, namely devices that can perform tasks in the same way that people do, but without the assistance of human interaction. According to various estimates, considering the next five years, the sector is expected to expand at a compound annual growth rate (CAGR) of between 19% and 25%. Robotics technology will be increasingly applied in a range of industries, amongst which defence, security, manufacturing, electronics, automotive and health care. Robots are already being used in consumer goods manufacturing, food processing and packaging, and e-commerce supply chain automation. What is a robot? According to ISO, the International Organization for Standardization, a robot is “an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes, which can be fixed in place or mobile in industrial automation applications.” Clearly there are several different types of robots. Cartesian coordinate robots, or linear robots, are arranged so that movements around the three principal axes are linear: they are typically used for CNC machining, 3D printing, and pick-and-place machines for loading, positioning and so forth. SCARA, Selective Compliance Assembly Robot Arm, devices are a development of Cartesian robots, with an arm articulated in the X and Y axes, but rigid in the Z axis, used for assembly, loading and unloading operations. Cobots are a growing trend in automation manufacturing industries: these “collaborative robots” work in partnership with humans, and they are generally programmed to complete an automated task with very little human interaction. They are fitted with safety features so that they can operate alongside people, immobilizing at the slightest touch so as to prevent any possibility of injury. But the type of robots most familiar amongst the general public are articulated robots with rotary joints, comprising legged robots with articulated limbs enabling them to mimic humans or animals. Unlike wheeled or tracked robots, they can navigate and traverse rougher terrain, climb stairs, and they don’t need reprogramming for every activity. Boston Dynamics is a company leading the development of mobile, semi-autonomous robots. Their first product “Spot”, a

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4-legged robot, went on sale last summer, at a price of about $75,000. Spot and its humanoid companion Atlas represent enormous progress when compared to five years ago, when humanoid robots had difficulty in simply standing up. Lithium battery technology has facilitated development, along with computer power, enabling robots to perform realtime pathfinding. A decrease in robot prices will be powered by an acceleration to larger markets, as happened for smartphones. Robot autonomy will take robotics to the next level, where the robots themselves can work out how best to deliver an item. Other aspects that will be developed in the near future are miniaturization, dexterity, and swarm robotics. Investment in robotics and artificial intelligence is particularly exciting at this moment in time, reflecting the increasing use of automation. Tesla provides a good example of the opportunities available. Its share price increased from $84 at the end of 2020 to about $700 today, and according to forecasts, by 2025 Tesla stocks will be at a multiple of current positions. Industrial robotics has been a well-established sector for years, but the developing penetration of information technology in manufacturing and the exponential surge in the Industrial Internet of Things has caused a massive increase in growth. In the near future, volume growth will be propelled primarily by the early adopters of automation and robotics, in particular the automotive and consumer electronics industries. This also means that investors should be prepared for a degree of cyclicality in the sector, because a contraction of those industries, particularly in China, would also negatively affect robotics and industrial automation. In fact, Rockwell Automation suffered a strong negative growth in 2015-2016 due to the collapse in industrial spending. The simplest way to invest in robotics is in shares. Alternatively, Robotics ETFs (Exchange-Traded Funds) make it possible to invest in the entire sector. These include the Robo Global Robotics & Automation ETF, tracking companies in the robotics and automation industries, and the Global X Robotics and Artificial Intelligence ETF, cross-sector companies working on the development of robotics and artificial intelligence solutions. The future looks positive for the sector, driven by advances in technology, declining costs, wider deployment of robots and automation, and increasing demand for care and healthcare in an ageing population.

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ROBOTS, THEN & NOW 2002:

1954:

1920: Czech writer Karel Čapek invented the word “robot” in a sci-fi play “Rossum’s Universal Robots”.

The first industrial robot arm was patented in the United Sates, and first installed at General Motors in 1959.products, both depend on great men.

The domestic autonomous mobile robot Roomba was launched, for cleaning the floor.

1990:

The first collaborative robot (Cobot) capable of operating alongside people in total safety was launched.

The first commercially available autonomous mobile robot, used in hospitals, was launched. China accounted for 45% (on global market) of units shipped in 2019. It is forecast to account for 50% of units shipped in 2023.

China Republic of Korea

41,400 units sold 38,600 units sold

USA

31,400 units sold

Germany

WHERE ARE ROBOTS OPERATING NOW? Two industrial sectors utilize most of the global robot supply: Electronics 35% (computers, communications devices, TVs, medical equipment, optical instruments) Automotive 31%

INVESTMENT OPPORTUNITIES

machine-vision products for gathering and analysing visual information used for automation, in particular for the manufacture of products such as mobile phones, medications, and car tyres.

COGNEX

87,000 units sold

Japan

ISO publishes the specification ISO 15066 on ensuring human safety in collaborative robotic systems.

2008:

The demand for industrial robotics and automation is principally from China. From the 60,000 industrial robots supplied worldwide in 2009, the market has now reached approximately 550,000 units, purchased above all by China (37%) and the rest of Asia (33%). Europe accounts for 18%, and the Americas (mostly USA) 12%. Growth in industrial robotics will be largely in China, where the robot density – number of robots installed per employee – is much lower than in other major industrialized countries.

5 COUNTRIES ACCOUNT FOR 74% OF GLOBAL ROBOT SALES:

2016:

20,000 units sold

THE TOP 5 VENDORS OF INDUSTRIAL ROBOTS, COVERING 60% OF THE GLOBAL MARKET, AND 80% OF THE US AND JAPAN MARKET, ARE: •ABB •Kuka •Fanuc •Yaskawa •Panasonic

ABB

REWALK ROBOTICS

ROCKWELL AUTOMATION INTUITIVE SURGICAL developing the groundbreaking Da Vinci robotic surgical system.

a consumer robot company, whose most famous product is Roomba, a vacuumcleaning robot.

IROBOT

a large, consolidated power and automation technology company with a robotics and automation division, working principally on factory automation. It is currently working on a new robotics manufacturing facility in China, due to open this year.

medical devices, and exoskeletons enabling people with mobility impairments to stand and walk.

industrial power, control and information solutions.

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WORDS OF WISDOM Jeff Bezos Founder, Executive Chairman, Amazon In an interview in 2009, Bezos explained one of Amazon’s driving forces since its inception: “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.”

Bernard Arnault Chairman, CEO, LVMH

Bill Gates Co-Founder, Microsoft “If you are born poor it’s not your mistake, but if you die poor, it’s your mistake” is echoed by the Bill & Melinda Gates Foundation which expressed that, in a strong society, some differences are determined by people’s talent and energy, and not by the income of their parents. 142 ZAGALETA LIFE

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In a 2017 Q&A with Forbes, when asked how to balanced business and happiness, Arnault replied: “Money is just a consequence. I always say to my team, don’t worry too much about profitability. If you do your job well, the profitability will come.”

Warren Buffett Chairman, CEO, Berkshire Hathaway In one of his annual letters to the shareholders of Berkshire Hathaway, Buffett once said: “True power is sitting back and observing things with magic. True power is restraint. If words control you that means everyone else can control you.”

Mark Zuckerberg Co-Founder, CEO, Facebook In a 2015 interview, he reflected on the early days of Facebook: “The biggest risk is not taking any risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

Carlos Slim Helu CEO, Telmex, América Móvil and Grupo Carso In a CNN Business article from 2014: “Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy... If we take part of it to develop infrastructure and other investments, we will have construction, employment and better salaries.”

Ma Huateng Founder, CEO, Tencent Holdings Commenting on the only constant in business, change, he stated: “The leader of the market today may not necessarily be the leader tomorrow.”

Jack Ma Co-Founder, Alibaba Group Before stepping down as executive chairman in 2019, he said: “I’m coming to this world not to work. I want to come to this world to enjoy my life. I don’t want to die in my office. I want to die on the beaches.”

Wang Jianlin Chairman, Dalian Wanda Group In a Financial Times article from 2012, he said: “I am not a person who pursues luxury. I am not like those people who, once they have money, compulsively squander it or show it off.”

Larry Page Co-Founder, Google In 2005 he addressed the University of Michigan’s engineering graduates and encouraged them to think about innovation: “Lots of companies don’t succeed over time. What do they fundamentally do wrong? They usually miss the future.”

Larry Ellison Co-Founder, Chairman, CTO, Oracle He said about his humble beginnings: “I had all the disadvantages needed for success.”

Sergey Brin Co-Founder, Google He spoke about education at the conference “Breakthrough Learning in the Digital Age” on Google’s campus in 2009: “I feel there’s an existential angst among young people. I didn’t have that. They see enormous mountains, where I only saw one little hill to climb.”

Amancio Ortega Founder, Zara At age 80 he expressed: “I’ll keep working until the end.”

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THE ART OF FLOURISHING “Flower design is a creative challenge. It is an attempt to express, using a beauty that already exists, even more beauty, by means that are virtually unlimited in regards to form, colours, and possibilities. The beauty of flowers and plants is an ongoing yearning for attention. You have to see them, feel them, smell them. You have to try to understand them before you can work with them...” Excerpt from the Preface of Daniel Ost: Floral Art and the Beauty of Impermanence.

“It is precisely for this reason that flowers demand total mastery and Westerner ever to be allowed into and exhibit at the UNESCOdiscipline. They are living things that do not always do what their listed Temple of The Golden Pavilion, Kinkaku-Ji, Japan. handler hopes they will, despite sound expertise. In addition, you With his wife Marie-Anne, they started their small independent have to reckon with time as a constant opponent. Flower design business in 1979 from their home in Belgium’s Waasland region. illustrates the temporal, the ephemeral, like few other disciplines. Since that time, it has grown into a world-renowned brand. Today, The flower design has to convert fresh vegetal materials into Ost and his daughter Nele still work in the 18th-century building in new forms in a short period of time. During this transformational Sint-Niklaas, and travel the extra mile (or, sometimes 500 kilometres process, we try to let nature express our intentions and to convert just to find a specific orchid) so that they can make a floral dream the coincidences and technical obstacles into something useful. come true: everything from the perfect wedding in the middle of a Each step of the process must be mastered by the maker’s strong desert to a temple in Kyoto and far beyond. Ost sees his main focus will and mind, including the critical choice of each of garden and landscape design as an alternative vessel, which must form a perfect harmony with the for the ephemeral art of flower arrangement. materials, an ultimate symbiosis between vase and He has been passing on his knowledge, skills Flower design plant. The vases take on the role of the soil, the and experience to his daughter Nele. With her natural support of flowers and plants. In addition, background in fashion and hospitality, she wants illustrates the an intense relationship develops with the space in to take the company to the next level, while temporal, the which the creations appear. There the work exists continuing her father’s legacy. With a great eye for ephemeral, like few while, at the same time, the composition itself details and sense of colours, she is developing her other disciplines. changes the space...” own style together with the team. The world’s most prominent floral artist, designer With the next generation in mind, Daniel Ost - Daniel Ost and garden architect, Daniel Ost describes his life’s Flower Academy, owned and operated by the work, whose breadth encompasses a Dries Van Belgian Flower House, offers the most professional Noten fashion show, an sculptural installation at and advanced course currently in the market for Christie’s library in Paris, Christmas decorations at Tokyo’s Imperial florists who want to take their art form and skillset to the next level. Hotel, floral setup inside a floating tent on the lake at the world’s Over four to five days during the week, each course covers a specific largest music festival, Tomorrowland, in Antwerp, royal weddings topic that is in line with the season or time of the year. Not only is in Abu Dhabi, Ajman and Riyadh, dining table decorations for the this a great opportunity to learn from the master himself, along Japanese luxury department store Takashimya and the Erasmus with his teaching assistants, but also a chance to delve deep into Foundation in La Hulpen, a Shiseido exhibition in Tokyo, the the world of Daniel Ost at his private country house. Participants Imperial Quarters of the Ohara Museum in Japan, the Ghent will learn a variety of techniques and styles first-hand. From artistic, Floralies festival, and what’s more is that Daniel Ost was the first sculptural bouquets and table decorations for special occasions to

“

”

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In flower “ arrangement

in Japan, contemplation is more important than observation: things in nature can be the subjective reflections of one’s own mind, not only the outward appearance of a flower... It is about the aspiration to really belong to nature in its entirety.

”

DANIEL OST’S TEAM OF GARDEN AND LANDSCAPE ARCHITECTS, WITH THEIR IN-DEPTH KNOWLEDGE OF FLOWERS, PLANTS AND TREES, ENSURE THAT A UNIQUE CONCEPT CAN BE REALISED IN DIVERSE LOCATIONS AS DIFFERENT AS LAS VEGAS FROM SAINT-TROPEZ AND QATAR FROM JAPAN. WHETHER IT IS A SMALL GARDEN IN THE CITY, A LARGE PARK OR A SHOPPING STREET, DANIEL OST MAKE SCULPTURAL DESIGNS COME TRUE, AS IF TO COME UP WITH A PERMANENT CURE AGAINST PASSING EPHEMERALITY, IN WHICH EVERGREENS ARE BEAUTIFUL ALL YEAR ROUND. ULTIMATELY, DANIEL OST PROVIDES ARTISTIC DRAWINGS, TOGETHER WITH A SOLUTION FOR HOW TO MAKE THEM COME TRUE IN FLYING COLOURS.

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and plants “Flowers have associative meanings, for instance the cherry blossoms that mark the end of winter and represent the continuity of life , or the lotus, whose pure and brilliant flowers emerge out of the mud, recalling Buddha’s pure doctrine growing out of an imperfect world.

”

DANIEL OST PROVIDES ART DIRECTION FOR COMMERCIAL AND RESIDENTIAL PROJECTS, AS WELL AS PRODUCT DEVELOPMENT, ALONG WITH HIS INTERIOR DESIGNERS, GARDEN AND LANDSCAPE ARCHITECTS, PRODUCT DEVELOPERS AND OTHER EXPERTS. FROM THE BACKDROP TO A DRIES VAN NOTEN FASHION SHOW AND AN SCULPTURAL INSTALLATION AT CHRISTIE’S LIBRARY IN PARIS, TO CHRISTMAS DECORATIONS AT TOKYO’S IMPERIAL HOTEL, IT ALL STARTS WITH A PERSONAL MEETING AND IN-DEPTH PROJECT ANALYSIS, THEN THE BEST IDEAS ON THE DRAWING BOARD ARE SHARED WITH THE CLIENT, WHO THEN PROVIDES FEEDBACK TO BE INCORPORATED AND FINE-TUNED. living works of art, no stone remains unturned, quite literally, during the busy week. Participants who complete the course will take home a certificate of attendance, and those who complete all five courses will receive the official Daniel Ost Flower Academy diploma - and a handful of new knowledge and perspective on floral art. Besides his work, Daniel Ost’s written words have also touched many lives as the author of “Leafing Through Flowers”, “Invitations”, “Transparent” and “Remaining Flowers”, in which he documents his passion for the Far East, specially Japan which has profoundly influenced his work: “Each culture has a different approach to flowers and what they have to tell us. I grew up in a culture in which the art of flower arrangement held a utilitarian and decorative function. It served to embellish buildings and played a symbolic role in life’s important events, such as a birth, a wedding or a death. In such cases it is especially the form and colour of a flower that we let speak. In the East, I discovered a culture in which flowers and leaves are used to convey thoughts, in a manner that relates to the soul of the flower. As the Japanese poet Ueshima Onitsura writes: “Silent flowers speak also to that obedient ear within.” In flower arrangement in Japan, contemplation is more important than observation: things in

nature can be the subjective reflections of one’s own mind. Not only the outward appearance of a flower, but nature and feeling also matter, especially in this regard. It is about the aspiration to really belong to nature in its entirety. In contrast to Western culture, where the human-centered perspective takes precedence over nature and all other life forms are subordinate to human activity, the traditional culture of the Far East places humans in a position of humility. We find ourselves in the middle of, and in harmony with, nature, neither dominating nor controlling it. Eastern art demonstrates a refined courtesy with regard to natural, defenseless things. It cherishes the beauty that we only perceive if we have sufficient patience and watch very closely, with a love for what is imperfect, natural, and essential. This, in Western society, is sometimes difficult to find. Flowers and plants have associative meanings, for instance the cherry blossoms that mark the end of winter and represent the continuity of life, or the lotus, whose pure and brilliant flowers emerge out of the mud, recalling Buddha’s pure doctrine growing out of an imperfect world. Capsule, flower, leave, and bud can be combined in a single arrangement so as to symbolise past, present and future.”

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A mere bouquet by Daniel Ost takes on new and often surprising proportions. Flowers, plants, leaves, twigs, grass, reed, even fruit and vegetables can thrill an audience each and every time whether they see his works in museums, art galleries or other locations around the world. They become protagonists in their own right in a story penned by the floral artist, his daughter and team.

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Ruby Barber, founder and creative director of Studio Mary Lennox, expresses: “The bond between flowers and femininity is iconic; the relationship is so engrained in my visual language. I regularly and subconsciously marry the two motifs, just because it’s a reflection of what I personally find beautiful. We are also basically an all-female company so it’s not surprising that we have a feminine voice... However, we also create designs and projects that challenge the preconceived ideas of flowers and femininity” much like the recent installation for the Saut Hermès au Grand Palais in Paris.

(Top) Mary Lennox’s installation at the Saut Hermès au Grand Palais, Paris, images courtesy of Mary Lennox. (Bottom) Gucci Nettare di Fiori scenography, photographed by Becca Crawford. Founder Ruby Barber - who come from a family of art gallery owners, photographers and architects - once stated: “I need to be selective about the flower varieties that can be manipulated. I need to be sensitive to the space and how I can create without having to impact the existing architecture... I like to keep colours and varieties blocked together. After I’m finished, I look at my arrangements through a camera and make edits. It’s always surprising how different it looks through the lens compared to real life.”

A florist by trade, Ruby Barber is the founder and creative director of Studio Mary Lennox, based in Berlin. She comes from a family of contemporary art gallery owners, photographers and architects, and got into flowers by accident when she was studying interior architecture. Her singular botanical language reinterprets, expands and refines each new project: from set design, scenography, immersive installation and sculpture, to content creation, creative direction and consultancy. Some of her clients include Hermès, Gucci and others, whose campaigns and exhibitions have been enriched by her work. According to Barber: “I try not to over intellectualise my approach because I have certain limitations that are dictated by nature and the environment. I have to respond to what’s available and possible within the project. The driving force behind the work will always be the flowers I can source and everything evolves from there. You have to remain kind of flexible when you work with a natural, perishable medium... I need to be selective about the flower varieties that can be manipulated. I need to be sensitive to the space and how I can create without having to impact the existing architecture... I like to keep colours and varieties blocked together. After I’m finished, I look at my arrangements through a camera and make edits. It’s always surprising how different it looks through the lens compared to real life. It usually helps me scale the arrangements back and leave space for the flowers to breathe... Creating an arrangement that has no other purpose than to be photographed is my favourite way of working. You can be a lot more creative with the form and flower selection when longevity isn’t a consideration.”

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(Opposite page, clockwise from top left) Banquet, 2019, Group Exhibition, La Roche Jagu, France; Florilegium, a permanent installation in the Oratorio di San Tiburzio, Parma, Italy; The Womb, shot by Chuck Heiney Photography; The Womb, 2019, solo exhibition in Frederick Meijer Gardens & Sculpture Park, United States. “Her art takes the viewer into that transitional space where the extremes of life and death intersect,” curator Jochen Wierich said.

The physicality and sensuality of Rebecca Louise Law’s work plays with the relationship between humanity and nature. She has a devotion to natural change and preservation, as part of her ethos is that there is a beauty and value in flora beyond fresh. Every individual element of a sculpture is preserved, securely sewn with copper wire and conserved. “I like to capture and cherish small beautiful natural objects to create an artwork that can be observed without the pressure of time. Preserving, treasuring, celebrating and sharing the beauty of the Earth with the world is what drives me.” Community participation and sustainability are central to her largescale installations, taking site specific literally: “Local hands, using local produce in a local space.” When creating installations, thought is given to where the natural materials come from and where they end up. Care is taken to ensure that none of the preserved materials are neglected, damaged or go to waste. Law frequently reuses materials that have been displayed in her previous installations to create new works. For international jobs, flowers are sourced locally, and she has recently started growing flowers herself. For the installation “Community” local plants were added to Law’s existing collection and, having harvested the flowers, they were then replanted. Where appropriate Law involves different groups in the creation of

her installations, for them to take ownership of the work and become a part of it. Her work offers an opportunity to connect with nature, and, when community involvement is part of the commission, it also provides an opportunity to connect with one another. To sum up the process in her own words: “I look at the space and all of its potential. I tend to be very ambitious and work backwards from there with practicalities and budget. I have two art practices at the moment, one of which is my on-going artwork, a collection of over one million flowers that travels from one exhibition to the next being re-sculpted. This body of work has a minimum of 10,000 flowers added to it at each new institution and we will work with local volunteers to make these flowers workable, wired and preserved. In addition to this, I have paintings and sculptures that support my large-scale installations and explain the concept behind each new piece. Any new commissions that are not part of this on going artwork are made from scratch.” Reflecting on “The Womb”, Law said: “The science behind the womb, Gravid Uterus (Latin for pregnant uterus) is incredible and the more I research the more I feel like this is a place I could look at for the rest of my life. The cells, the organ within an organ, the growth, the flexibility, the sounds, the tones and the nurturing vessels. I wonder if the need to be held by nature starts here.”

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Ever since he took up his camera in the early 2000s, botanical photographer Shiinoki Shunsuke has been capturing images of the state of plant life, from its changing shape to inevitable decay. Working with plants every day, witnessing their life and death, Shunsuke has the ability to bring out the peculiar mystery that he believes only flowers and plants can possess.

Founded in 2009, AMKK (Azuma Makoto, Flower Tree Research Institute) is a group that develops experimental creations on the theme of flowers and plants of artist Azuma Makoto. By finding the most mysterious shape of the flower and expressing it through an artistic perspective, AMKK aims to spotlight the existence value of the plant itself. Makoto’s works have been presented at museums, art galleries, and public spaces around the world. In recent years, he has been pursuing projects that allow flowers to thrive in various conditions that do not exist in the natural world.

Azuma Makoto juxtaposes colourful flowers and trees with a cold, rigid, sometimes even stark, backdrop in the urban landscape, to surprising results. (Opposite page) Paludarium TACHIKO & YASUTOSHI © Shiinoki Shunsuke/ AMKK. (Top) Flower & Man - Rickshaw © Shiinoki Shunsuke/AMKK. (Bottom) Infinity Cubes and Chysanthemums © Shiinoki Shunsuke/AMKK

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(Left column) New flower art pieces were created specially for the 20th anniversary of the Nicolai Bergmann Flower Box, displayed at the exhibition in Tokyo; (right column) The anniversary exhibition also showcased collaborations, such as the one with Princess Akiko of Mikasa (top right) and Nobuaki Honda (bottom right).

of the exhibition was assembled to surprise visitors just like the For Nicolai Bergmann Flowers & Design, it all started with an flower box does, in addition to with colourful orchids and plants idea. Its signature flower box invention came about when a hanging from the ceiling. In addition to the original black flower client request 600 gifts to be handed out at a press event. In box, more than 100 seasonal designs previously created in order to overcome the challenge of arranging the flowers and conjunction with various fashion brands were problem with storage, Bergmann created a displayed in the “Flower Box Archive” section, flower design directly inside a square box. This followed by brand new creations, themed ingenuity was soon followed by the opening For Nicolai “Box Art” made specially for the anniversary. of the very first store, where the flower box’s Bergmann’s 20th The exhibition also showcased collaborations, unique perspective attracted attention from anniversary, artists, with Bergmann’s flower arrangements placed fashion and design industries. in one-of-a-kind boxes and vases designed Twenty years on, Nicolai Bergmann’s flower creators and leading by fashion designers, Japanese craftsmen box still provides an eye-opening experience figures admired and celebrities. In the spirit of innovation, a every time a recipient opens its lid. To by the founder section of the exhibition incorporated digital celebrate its 20th anniversary, an exhibition have each come art based on Bergmann’s work, where visitors was held on the observation deck “Tokyo could select and create their own flower boxes City View” of Roppongi Hills in the heart of up with a unique on a touch screen. Inaugurated in Roppongi Tokyo. A 5-by-5-meter black flower box, the interpretation of his Hills, Nicolai Bergmann’s 20th anniversary biggest that the company has ever built, was signature flower box. exhibition is scheduled to continue its tour displayed at the entrance with nearly 200 across Japan in 2022. flower boxes planted on its walls. The entrance

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The Wunderkammer creates styling and floral decorations, bringing together a series of natural wonders from across the world to decorate events, such as the Hermès Silk Ball and Christmas parties by the late Karl Lagerfeld. On these pages, Roaring Twenties party, styling by The Wunderkammer (thewunderkammer.eu) photographer Nico Alsemgeest. Seyd comments on the chandelier in the glass room:“This image shows the infinity room used at this event as a photo booth. We actually started building the room with easy walls and a ceiling of wooden beams. Then we covered all this with chickenwire, adding more than 20,000 flowers in little water tubes. When the ceiling and wall were finished, we covered the floor with a grid of metal frames, which we filled with wet floral foam sheets, then with the same flower mix and covered with glass. For the photo booth, guests could sit inside the hanging chandelier.”

great light technicians, set builders, event planners and chefs to “The Wunderkammer” was first coined by Florian Seyd and Ueli create one-of-a-kind events.” Signer’s friend who had watched the duo develop floristry into allSeyd recalled the Roaring Twenties event: “For this party we encompassing decorations that took hold of every inch of a room. created a special design in each room and area. For the main area “We see ourselves more as gallery owners, with nature as our and dance floor we featured a high chandelier artist... We always love to fulfil all our customers’ that looked like ‘clouds’ of white ostrich feathers dreams and visions. My partner Ueli Signer is and white-coloured greenery. These ‘clouds’ very talented in designing the technical needs Like our name ‘The were hung above this area, decorated with glass and supports. Together we try to come up with Wunderkammer’ drops on the bottom, beautifully reflecting the the design which the customer is looking for. suggests, we create light. Because of the white colour, the feathers Then Ueli takes care of the technical aspects. We rooms with wonders, clearly showed all the shades of the lighting, decide on the flowers and colours while I arrange making the whole décor red, blue – actually the buying, and plan the workflow. Small highand surprise people any shade which the lighting designers chose. class events and big themed celebrations are with the beauty of In the food court we set up an infinity room our favourite. Together with a great team we can nature, mainly flower with flowers as a photo booth. Guests felt like ‘move small mountains’! For us, like our name and plants. they were totally surrounded by flowers – from “The Wunderkammer” suggests, we create the ceiling and walls to the floor – which were rooms with wonders, and surprise people with - Florian Seyd protected by a glass cover made of thousands of the beauty of nature, mainly flower and plants. roses, gerberas and amaryllis flowers.” Also very important is the cooperation between

“

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COMMUNITY

DEEP-SEATED TRADITION 156 ZAGALETA LIFE

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COMMUNITY

Andalusia, the birthplace of the Spanish purebred horse, is the heartland of horse riding. With the region’s history of Bourbon rule from 1700 until the early 1900s, the encounter between French saddle-making and Spanish equestrian tradition can be experienced at the Hermès boutique in Puerto Banus. And in La Zagaleta Riding Club, one can see a red crocodile leather saddle crafted by the maison – a unique piece in the world.

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COMMUNITY

L agaLetaRR iding Lub dispLays a unique Laa ZagaLeta iding CC Lub owns one of the twoHheRmès eRmès Red CRoCodiLe LeatHeR saddLe existing in tHe Red CRoCodiLe LeatheR saddLes existing in the woRLd . it

woRLd today its p HeRitage and boutique passion foR is dispLayed in . the ueRto banus – anHoRse ideaL Riding equaLLy setting inaRe a Region that sHaRed tHe maison HeRmès shaRes by the ’s boutique in heRitage andLoCated passion foR

pueRto banus. hoRse -Riding

Cutting, hammering, screwing, pulling, pounding, polishing – saddle-making is all in a day’s work at Hermès, an expertise that the maison has well established since its foundation. Countless artisanal steps are hidden between the layers of leather. “First, you learn how to use the tools. Then, you earn the right to dream, reinvent or transform the saddle,” reflects Laurent Goblet, Hermès master saddle maker. The piece of equestrian equipment is created by one single craftsman from design to the finished product, a tradition that has since permeated the production of Hermès leather goods, each handmade by one person. Goblet continues, “Knowledge mainly consists of a lot of effort. It takes time. A saddle maker is one with his saddle. You have to dominate the leather to work it. It’s like a tango. You have to dance with it to the end, with elegance and grace. The sensation of supple leather to which you give shape is unparalleled. Horses, in my opinion, are the most beautiful animals. You want to work for them.” The saddle is the connection between man and horse, providing them with the balance and comfort that are necessary during their pursuit of equestrian sports. Hermès saddle makers work with the maison’s partner riders to create bespoke pieces for their needs. Goblet revealed in the brand’s video series titled Footsteps

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COMMUNITY

TOGETHERNESS Spanish Olympic show-jumper Pilar Cordón uses the Vivace saddle. The ultra-light, ultrathin design by Hermès achieves greater closeness between man and horse. “Heir to the Steinkraus saddle, the Hermès Vivace show-jumping saddle offers me an unequalled feeling of proximity between the horse and its rider, while providing me with optimal comfort. I particularly appreciate its balance and its advanced centre of gravity. All my saddles are made to my measurements and those of my horses for their greatest well-being,” she stated. The perfect saddle elevates the equestrian experience that remains a source of constant inspiration for Hermès.

Across The World at the end of 2018: “My goal as a saddle maker is to make the saddle ‘disappear’. The lighter it is, the slimmer it is, the more it ‘vanishes’, as if there is nothing between a man and his horse. I have ideas about that. We are preparing to do it. This saddle is on its way.” Thus, the Vivace saddle debuted in 2019. One hundred and sixty years prior to this launch, Hermès entered a new era when Charles-Emile Hermès, the son of founder Thierry Hermès, took over the family business in 1859 and introduced the use of colourful exotic leathers. A reminder of this tradition is the unique Hermès red crocodile leather saddle displayed at La Zagaleta Riding Club, a stone’s throw from the Hermès Puerto Banus boutique which shares its heritage and passion for horseback riding.

EQUESTRIAN HEARTLAND Parisian architecture firm RDAI, which realises Hermès stores around the world, completed the 2-level, 220-sqm boutique on Calle Ribera 11 in Marbella. Soft colours, natural materials and fluid lines emphasise the charm of the original building. On the ground floor, Macael marble flooring reflects the Andalusian tradition, while the mosaic pattern in deep blue, white, warm grey and blue-green for the glass centerpiece echoes the Parisian flagship on Rue du Faubourg Saint-Honoré. Specially designed for Hermès in 1925, glass globe lights with the Greek key pattern illuminate the interiors. The second floor offers sweeping views of the port as the ocean-inspired decor is accentuated with cherry wood furniture, hand-woven abaca wallpaper, oak floor and natural fibre fabrics.

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THE OCEAN’S CALLING Dolce & Gabbana’s characteristic exoticism finds fresh ground for creative expression at its Puerto Banús boutique, where Catalan architectural touches like trencadís flooring meet Sicily’s chromatic flair and use of natural materials in the store.

Dolce & Gabbana prepares for a summer like never before with an opening in Puerto Banús - just in time to showcase its new collection, “Carretto”, as well as fine jewellery, watches and accessories. Inspired by the Sicilian Cart’s vibrant colours, printed poplin dresses, chiffon caftans, silk twill shirts, foulard and swimwear reflect the Italian island’s unique heritage, which has provided endless musings for the brand’s designs since its inception. Today, Dolce & Gabbana’s characteristic exoticism finds fresh ground for creative expression in the Puerto Banús store that combines Spanish seascapes and Sicilian flair. The white background of the intricate trendadís flooring, a nod to Catalan modern architecture, contrasts with blue, green, silver and amber glass decorations, while the blue ceramic walls mimic ocean waves. The use of natural materials, from cannizzo on the walls to soft rope sofas and mirror glass tables, adds a rustic touch. Guests can also enjoy a tipple at the Martini Bar located on the first floor terrace. DOLCE & GABBANA’s boutique in Puerto Banús blends the brand’s identity with a unique architectural context.

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Opening Summer 2021

Magical day-to-night outdoor dining inspired by the Mediterranean’s culinary kaleidoscope. Reresvations: +34 659 958 934 / elpatio@marbellaclub.com

ART FOR SCIENCE Art will play an increasingly important role to interpret some of the most daunting problems faced by scientists today. TBA21Academy has commissioned research-intensive artworks centred around the warming of the world’s oceans (pictured left). The next edition of the Getty Foundation’s Pacific Standard Time exhibition series, in 2024, themed “Art x Science x LA” will explore artistic connections between Los Angeles and its scientific communities, including the NASA Jet Propulsion Laboratory and the Huntington Library, Art Collections, and Botanical Gardens. Image: © Taloi Havini, Habitat, 2018–2019 (still). HD, color, black & white, 5.1 surround sound, 10:33 mins. Courtesy of the artist.

ART NEWS by

A BRIGHT FUTURE

RESONATING TIMES Christie’s “20th Century Evening Sale” on 20 October 2020, which realised US$340,851,500, demonstrated continued demand for both masterpiece and core-level works of art. Some 280,000 people tuned in through Christie’s website and social media channels, and a broadening demographic of bidders under the age of 40 used Christie’s LIVE online bidding platform. Head of Evening Sale, Post-War and Contemporary Art, Ana-Maria Celis: “We saw bidding from Asia, London and from New York...To see extraordinary results in the masterpiece category was fantastic, most notably the Cy Twombly Untitled [Bolsena]...” Image: Cy Twombly (1928-2011), Untitled [Bolsena], 1969. Sold for $38,685,000 on 6 October 2020 at Christie’s in New York. Artwork: © Cy Twombly FoundationOil-based house paint, wax crayon, graphite and felt-tip pen on canvas. 78½ x 94½ in (199.4 x 240 cm). Sold for $38,685,000 on 6 October 2020 at Christie’s in New York. Artwork: © Cy Twombly Foundation.

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The Dow Jones & Company magazine, Barron’s, reported that, global onlineonly art sales totalled $1.05 billion in 2020, while Hiscox’s report, produced in collaboration with ArtTactic, forecasts a positive future for online art auctions well beyond 2021, highlighting the fact that the majority of millennials (53%) bought through online auctions in 2020, and that online buyers spent more per purchase in the same year.

18% lead in market share over its nearest competitor: Performance for live auctions included the highest average lot value in past 5 years; strong prices against estimate; 56% of the lots in live auctions were sold at or above high estimate.

Sold top 3 highestvalue lots in Hong Kong Auctions: Modern & Contemporary Art, US$459 million; Chinese Art, US$261 million); Luxury, US$210 million.

Market Leader in Western Art Sales in Asia: Sotheby’s continues to lead the market for Western Art in Asia with a sale total of US$120 million, 1.7 times its nearest competitor.

Sotheby’s Hong Kong LEADING ASIA’S INTERNATIONAL AUCTION HOUSES FOR THE FIFTH CONSECUTIVE YEAR Kevin Ching, CEO, Sotheby’s Asia: “Our exceptional performance was driven by the resilient demand from Asian collectors, Sotheby’s unrivalled expertise and trusted client relationships and, above all, our unrelenting drive to innovate and adapt.”

2020 year-to-date auction sales reached US$932 million.

Asia remains the key market driver: Asian clients account for over 30% of Sotheby’s worldwide auction sales. Of the top 20 lots auctioned by Sotheby’s worldwide, Asian clients bid on 10 and bought 9.

Online sales increase 440%: 63 online auctions across categories - from Chinese Works of Art, Contemporary Art to Jewellery, Watches and Wine - achieve a total of nearly US$32 million.

Record year for private sales: “In Confidence: Selected Masterpieces” combines the discretion of a private sale and excitement of an auction, meeting the needs of top-level sellers and buyers.

AN ONLINE ROOM WITH A VIEW Digital spaces have become the new favourite place for the art community to share its latest pieces to the global audience. Ever since renowned gallery David Zwirner launched Platform, an online initiative that brings together galleries from around the globe, Platform now includes New York, London, Los Angeles, Paris/Brussels, presenting available works from a single artist on their rosters. Image: Art Basel, Basel 2019, Unlimited, David Zwirner, Felix Gonzalez-Torres © Art Basel

DIGITAL FIRST Phillips has entered into an exclusive partnership with Articker to transform art business intelligence. Articker is a technology start-up that mines data on numerous artists while tracking global art content. The data can be used to identify or confirm market trends, and associate target buyers and artists. Edward Dolman, Phillips CEO: “Articker encompasses one of the largest data sets in the world of visual artists. By looking beyond pricing information, it provides us with a more holistic view of an artist’s place within the market. Phillips’ team of international specialists take pride in our ability to provide unique insight into the market at large and Articker will democratize this access to globally sourced information about the world’s leading artists. Digital innovation is a top priority for Phillips and Articker’s value as a tool for our staff and clients will be immeasurable.” Professor Tomasz Imielinski, Co-Founder of Articker, said, “Articker creates an alternative valuation system for artists. This system is based on measuring each artist’s media presence by continuously crawling and analyzing tens of thousands of online sources. The power of Articker is that we provide complete real-time coverage of what is written online on any artist.” Image courtesy of Articker.

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XXXXXXX

TEFAF Maastricht, The European Fine Art Fair

Truth, transparency and trust are at the heart of TEFAF Maastricht, the European Fine Art Fair. first launched in 1988 in the Netherlands, TEFAF distinguishes itself with the most stringent vetting process that inspires confidence in collectors and new buyers, in addition to its authoritative annual art market report.

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Lucio Fontana. Concetto spaziale, Attese, 1966, water-based paint on canvas, 61 x 50 cm.

With a strict vetting procedure put in place since its first edition in 1988 and involvement in independent art market research since 2002, TEFAF is one of the world’s most important art fairs. The Maastricht 2020 edition did not allow any of its vetting members to be affiliated with any auction house or businesses. TEFAF Chairman stated at that time: “We were the first art fair to start a very stringent vetting procedure. It now has the highest quality vetting possible and that gives people confidence to buy. TEFAF stands for credibility. That’s what we want to achieve.” The process takes place before the opening of each of its three fairs, which happen annually in Maastricht and New York. Robert van Langh, Head of Conservation & Science at Rijks Museum, explained, “We use various techniques ranging from 3D microscopy to X-Ray fluorescence spectrometry to see whether an alloy of a bronze, for instance, is really a contemporary. And we combine all kinds of imaging techniques, from ultra violet to infrared reflectography, to study if the object is authentic.” The annual TEFAF Art Market Report has also become the industry standard. This year, “Art Patronage in the 21st Century” focused on next generational issues, as founder of ArtTactic Anders Petterson stated, “There are signs that the new generation of philanthropists are looking for a deeper sense of ‘purpose’, and are more concerned about the social impact of their philanthropic activities. Simply, they want more than just their name on the museum wall; they want to see real impact and measurable results and they want to be more pro-active and involved with their donations.”

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Clockwise from top left: Sarcophagus lid, Egypt, New Kingdom, 18th Dynasty, reign of pharaoh Amenhoptep III, father of Echnaton, circa 1386-1349 B.C., polychromed wood, anthropomorphic cover of a coffin decorated with man wearing tripartite striped wig and broad collar with falcon-head terminals, body showing sky goddess, Nut, with widespread wings with hieroglyphs, height 182 cm, courtesy of Kunsthandel Mieke Zilverberg; Fragment of a wall painting, Rome, 1st century A.D., fresco, 18x12x3 cm, courtesy of Artancient; Acrobat sitting on a lader, Iran, probably Luristan, 2nd millennium B.C., bronze, height 23.5 cm, courtesy of Galerie Kevorkian; A lidded pyxis, Greece, Classical Period, circa 440-400 B.C., marble, height 15.6 cm, courtesy of Kallos Gallery; Torso of a man, Rome, 1st half of 2nd century A.D., marble, height 82 cm, courtesy of Jean-David Cahn Ag.

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Clockwise from top left: Daimyo armour of Hon-Kozane Tachi-Do Type, Japan, 17th century, lacquer, iron, leather, silk, 133x85x60 cm, courtesy of Galerie Jean-Christophe Charbonnier; Carl Fabergé, Spring Pilgrimage of the Tsarina: A Picturial Box, Moscow, circa 1910, gilded silver and enamel, 7.6x5.1x2.5 cm, courtesy of A La Vieille Russie; José Alvarez Cubero, Bust of Gioachino Rossini, Rome, circa 1819, white marble, height 68 cm; George Prior, A George III organ table clock with automaton, London, circa 1780, ormolu-mounted tortoiseshell-veneered, quarter-chiming; 77x34x34 cm; Blue and white porcelain dish with a dragon, China, 1661-1722, porcelain, 21.6x3.2 cm, courtesy of Ben Janssens Oriental Art; The Anglesey Tiara, detachable to form a necklace, circa 1890, 42 cm, courtesy of Hancocks; Uma Maheshvara, Nepal, 12th century, bronze, height 16.5 cm, courtesy of Marcel Nies Oriental Art.

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Giving Indicators * UHNWI Giving ($bn)

Wealth Indicators UHNWI wealth ($bn) and as % of Global UHNWI wealth *

UHNWI Art & Collectible Wealth ** ($bn)

$1,898m 0.16%

$1.0bn

$312bn 1%

$13.03bn

LATIN AMERICA

$705m 0.06%

$1.1bn

$1,103bn 3%

$79.29bn

MIDDLE EAST

$2,095m 0.29%

$7.6bn

$1,522bn 5%

$92.73bn

ASIA

$25,632m 0.14%

$18.8bn

$10,058bn 30%

$370.11bn

EUROPE

$56,011m 0.39%

$48.2bn

$8,670bn 26%

$403.42bn

$1,343m 0.01%

$75bn

$11,469bn 34%

$630.50bn

UNITED STATES

Middle aFrica east latin 1% aMerica 4%

3% Millenials BaBy BooMers

(under 35yrs)

(aBove 55yrs)

25% FeMale 58%

SAMPLE BY GENDER

33%

asia

16% SAMPLE BY GENERATION

Male 42%

28% SAMPLE BY GEOGRAPHY

23%

Generation X

europe

25%

(35-55yrs)

42%

Demographics of the surveyed art patrons TOP MOTIVATIONS FOR SUPPORTING THE VISUAL ARTS

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% of surgery respondents

85%

22%

My friends/family give it’s the thing to do

I believe giving is more impactful today than ever before

53%

My family has always supported the same cause it’s tradition

64% It makes me feel connected to other people and builds my social network

64% It directly impacts the community where i live

70% It gives me a feeling of social conscience and purpose

I believe in the cause (i.e., the mission of the organisation) art

80% I believe that my donation can make a positive difference

91% I believe that art and culture impacts the way we perceive the world around us

94%

I have a strong personal interest and passion for art

From TEFAF Art Market Report 2020: Art Patronage in the 21st Century. Courtesy of TEFAF.

AFRICA

29%

* Source: Wealth-X ** Source: Deloitte

Government Expenditure on Cultural Services ($ million) in 2017 and as anaverage % of GDP

Private and Collective Giving

220

PRIVATE GIVING TO THE ARTS

HWNI Wealth Growth (US$) vs Private Giving (US$) vs. Global Art Market Sales (US$) Growth

Index with base year of 2008 = 100

200

160

140

120

US PRIVATE GIVING TO THE ARTS INDEX GLOBAL ART SALES INDEX

100

60 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

NOT-FOR-PROFIT ART ORGANISATIONS

90%

millennials (under 35 yrs)

86%

generation X (35-55yrs)

79%

millennials (under 35 yrs)

82%

generation X (35-55yrs)

86%

baby boomers (above 55yrs)

71%

millennials (under 35 yrs)

ARTISTS

89%

baby boomers (above 55yrs)

84%

generation X (35-55yrs)

ART RELATED CHARITY EVENTS

baby boomers (above 55yrs) millennials (under 35 yrs)

ART SCHOOLS

% of surgery respondents

PUBLIC ART MUSEUMS

ART PATRON SURVEY 2020: WHO DO YOU SUPPORT

millennials (under 35 yrs)

77%

53%

generation X (35-55yrs)

70% 86%

baby boomers (above 55yrs)

generation X (35-55yrs)

39% 41%

baby boomers (above 55yrs)

44%

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From TEFAF Art Market Report 2020: Art Patronage in the 21st Century. Courtesy of TEFAF.

180

HNWI WEALTH INDEX

JESSICA BUTCHER

METTE LYKKE

Co-Founder and Director of Blippar UNITED KINGDOM

CEO of Too Good To Go DENMARK

Jessica Butcher, Ambarish Mitra and Omar Tayeb Steve Spencer co-founded this company to provide business solutions and tools through augmented reality, artificial intelligence and visual search technologies. “The Blippar experience gave me a taste of the rocket ship trajectory that great tech and visionary ideas can enjoy - and the significant potential that growth businesses have to disrupt behaviours and improve lives,” Butcher stated.

Following her success with Endomondo, a fitness app that creates a sports community, providing GPS tracking, audio feedback and tips to reach exercise goals, Lykke is now the CEO of Too Good To Go, which works with restaurants and food retailers in more than 10 countries to tackle waste by selling food at a discounted price. Lykke stated, “My first company was designed to make fitness fun, and now I have an even stronger purpose in tackling food waste.”

WOMEN-FOUNDED STARTUPS, TURNING VISION INTO REALITY ALISÉE DE TONNAC

NATALIE MASSENET

Co-Founder & CEO of Seedstars World SWITZERLAND

Former Co-Chairman of Farfetch UNITED KINGDOM

Alisée de Tonnac and Pierre-Alain Masson co-founded Seedstars, a global startup competition in emerging markets to support the most promising seed-stage ventures. De Tonnac expressed, “The future of high tech is not necessarily in disruptive technology or in an exciting new patent, but in the way we access the consumer and their habits. That’s what’s happening in Africa, South America and Asia.”

DELIA FISCHER

KAROLI HINDRIKS

Founder & Chief Creative Officer of Westwing GERMANY

Founder & CEO of Jobbatical ESTONIA

An e-commerce company for home and living, Westwing was co-founded by Delia Lachance (née Fischer) and four members to offer décor and furnishing products at affordable prices. Fischer said, “I realised there was a lot of fashion available online, but hardly any home furnishings... Making beautiful and individual interior objects available to everyone – the idea inspired me then and still does now.”

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Founder of Net-a-Porter, a designer fashion e-commerce website in magazine format, Massenet went on to become the co-chairman of Farfetch, an online luxury fashion retail platform established by José Neves, founder and CEO. Massenet said, “What Farfetch has done to rewrite the rulebook on how technology can work alongside bricks and mortar to elevate the customer experience stands out in the industry.”

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Hindriks’s vision of a more fluid world where human values and knowledge transcend borders led her to establish Jobbatical. Connecting individuals with jobs in different countries, it has become the go-to immigration partner for tech startups and traditional companies hiring from abroad. Hindriks said, “We are helping countries to rethink how they validate people and building a liquid job market. This in turn helps us build a borderless world through jobs.”

CHRISTINE MOSELEY

ALICE BENTINCK

Founder & CEO of Full Harvest UNITED STATES

Co-Founder of Entrepreneur First UNITED KINGDOM

The marketplace for surplus and imperfect produce, Full Harvest creates “a clearinghouse where farmers can have their produce posted and a place for food companies to search for commodities they need...eliminating on-farm food waste and ensure 100 percent full harvest”, as explained by Moseley. “Technology has proven to be an effective tool in solving rapid shifts in supply and demand.”

Alice Bentinck and Matt Clifford co-founded Entrepreneur First with a vision of “changing the way companies are created – from how the most ambitious technical talents see their career path, all the way through to the ways companies are funded.” Entrepreneur First invests money and time in individuals, to help them find a co-founder, develop an idea, and start a company. It organises cohorts for up to 100 applicants twice a year, in different countries around Europe and Asia.

JULIA HARTZ

RANA EL KALIOUBY AND ROSALIND PICARD

Co-Founder & CEO of Eventbrite UNITED STATES

Co-Founders of Affectiva UNITED STATES

Julia Hartz, Kevin Hartz and Renaud Visage co-founded Eventbrite, a global self-service ticketing and event platform that connects organisers and audiences. Hartz explained, “We’re pushing the industry to be more open, and more consumer-centric - two things that historically have not been the case for ticketing.” Through technology and partnership, Eventbrite informs potential attendees of relevant happenings in an efficient and targeted manner.

A software company that provides emotion recognition and analysis based on facial cues or physiological responses, Affectiva’s artificial intelligence is used in gaming, automotive, robotics, education, healthcare, experiential marketing, retail, human resources, video communication and more. El Kaliouby is Affectiva’s CEO and Picard heads up the Affective Computing group at MIT Media Lab.

The share of venture capital dollars that went to startups founded by a woman or a group of women hit $3.54 billion, or 2.7% of total investment, in 2019. According to a study by BCG and MassChallenge, startups founded and co-founded by women perform better over time compared to those founded by men only, generating 10 percent more in cumulative revenue over a 5-year period. And for every dollar of funding, these ladies-founded startups generated 78 cents, while male-founded startups generated just 31 cents.

PAYAL KADAKIA Founder & Executive Chairman of ClassPass UNITED STATES The mission of motivating people to “lead inspired lives every day by connecting them to soul-nurturing experiences” inspired Payal Kadakia to establish ClassPass, which allows members to book fitness classes across numerous cities with one monthly fee. It also provides an app through which users can stream workout videos from home, or invite friends to work out together, providing flexible solutions and fitness plans.

ALEXANDRA GRIFFON AND LAURATHEVENIAU Co-Founders of BlueCargo UNITED STATES BlueCargo’s predictive algorithm optimises operations in seaport terminals, and is a platform that boosts productivity, reduces cost while providing real-time visibility. It aims to move goods from port to firstmile destination faster and more reliably. Griffon and Theveniau’s vision is a world where everyone at local transportation and logistics companies have the necessary digital tools, data and services to better serve global trade.

KATRINA LAKE

MELANIE PERKINS

Founder & CEO of Stitch Fix UNITED STATES

Co-Founder & CEO of Canva AUSTRALIA

Stitch Fix brings together technology and professional stylists to create online personal styling for men, women and children. It uses recommendation algorithms and data to make selections, delivering five pieces of clothings, shoes and accessories to the customers. Lake said, “In apparel, that all of the sales would be not selected by you is a radical concept. What’s special about Stitch Fix is in our technology, in our personalisation capabilities.”

Integrating images, fonts, templates, illustrations, video and audio tracks, Canva is a graphic design platform where users can use its intuitive drag-and-drop features to create graphics, presentations, posters and other visual content. Perkins expressed, “I would love to see in years to come Australia becoming synonymous with a disproportionate number of great innovators who are hard at work solving the world’s real problems with great products.”

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SUSTAINABILITY: A CALL TO THE LAND

On the ground, Oliver Zipse, Chairman of the Board of Management of Bayerische Motoren Werke Aktiengesellschaft, expresses the group’s approach to sustainability: “A major focus of our sustainability strategy is lowering CO2 emissions... One factor in achieving this is to inspire more customers to drive electric vehicles and plug-in hybrids. This accounts for about two-thirds of the reduction. The remaining third will come from further efficiency measures for our conventional engines. We have a clear e-mobility roadmap. A third of the vehicles we sell in Europe should be electrified by 2025 and half in 2030. In 2019, we delivered more than 146,000 electric vehicles and plug-in hybrids to customers worldwide. That means we now have a total of more than half a million electrified vehicles on the roads across the globe. However, it is also clear that people all over the world will continue to buy vehicles with a conventional engine... We have taken Efficient Dynamics to the next level by making our conventional engines systematically even more accomplished. From production to recycling: we take a holistic approach. Our understanding of sustainability is not limited to reducing the emissions of our vehicle fleet. Our sights are focused on the entire value

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ACTION FROM THE AIR TO AND SEA

chain... Moreover, our suppliers must commit to the BMW Group’s high sustainability standards. We support them, for instance, by sourcing cobalt and lithium directly and making it available to our partners... This shows our full commitment to sustainability across the company.” Taking to the skies, Airbus has 27 satellites in orbit for climate change monitoring. Its R&D efforts spend more than €2 billion annually to work on aircraft efficiency and the reduction of CO2 emissions... Airbus’ sustainability strategy focuses on reducing the CO2 emissions of its aircraft, as well as its industrial environmental footprint at sites worldwide and throughout its supply chain. Besides contributing to meet key industry-wide environmental performance targets, it aims to bring the world’s first zero-emission commercial aircraft to market by 2035. SOUTHERN WIND flies the flag for eco-friendly sailing: “Our mantra in terms of sustainability is ‘Improving sustainability through efficiency’. Taking weight out is an everyday battle, but the SOUTHERN WIND yard attracts customers who like the large but pared-down ethos of its boats and their modest crew requirements.”

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(This page, left and top images) The 102EX bears all the hallmarks of a Phantom, as Ian Cameron, Chief Designer Rolls-Royce Motor Cars emphasises: “It’s a credible design concept that perfectly complements the experimental nature of the car, exploring options in light, space and use of materials. Had we changed the overall aesthetic, the concept would have lost credibility; our audience would assume it was simply a styling exercise. The reality is that this is an experimental vehicle in its truest sense, challenging perceptions, emotions and values - as well as exploring alternative drive-train technology.” (This page, bottom images) Rolls-Royce Motor Cars worked with Swiss-based Nature Squared, specialised in the creation of unique finishes using technology to transform sustainable natural materials, on a highly bespoke Phantom Extended named “Iridescent Opulence”. Feathers, which have been featured in luxury watches and jewellery in recent years, have been used in this particular vehicle. Over 3,000 tail feathers were selected for their iridescence, individually shaped to accentuate the sheen and rich hue of the natural feathers and hand-sewn onto an open pore fabric in a design that originates from the heart of ‘The Gallery’, the clock. Additive manufacturing as used to emulate the musculature of a natural wing to bring life to the creation.

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At the Rolls-Royce Motor Cars manufacturing facility, over 60% of the waste is recycled and energy footprint has been reduced by 29% per motor car in just five years. The facility was designed by award-winning architect Sir Nicolas Grimshaw. There are over 400,000 plants and trees, with a large lake in the centre which stores storm water, in the 42-acre site. The exterior of the building is constructed with sustainably-sourced limestone and cedar wood, while timber louvre panels on the roof control the amount of light entering the building through a weather station. When Rolls-Royce presented the 102EX - Phantom Experimental Electric (EE), the world’s first battery electric vehicle for the ultraluxury segment, CEO Torsten Müller-Ötvös stated: “Today, RollsRoyce Motor Cars begins an exploration into alternative drivetrains, seeking clarity on which technology may be suitable to drive Rolls-Royce motor cars of the future. The alternative drive-train we choose must deliver an authentic Rolls-Royce experience. It must be a technology that is right for our customers, our brand and which sets us on a sound footing for a sustainable future. That is why this project is so important.” Also known as the Phantom Experimental Electric (EE), the 102EX is the company’s intention to carefully test the opinions and reactions to alternative drive-train options.” The 6.75-litre V12 petrol engine and 6-speed gearbox have been replaced by a lithium ion battery pack and two electric motors mounted on the rear sub-frame. The motors are connected to a

single speed transmission with integrated differential. Each motor is power rated to 145kW, giving Phantom EE a maximum power output of 290kW and torque of 800Nm available over a wide band. This compares with 338kW for standard Phantom with maximum torque of 720Nm, delivered at 3,500rpm. The Nickel Cobalt Manganese battery chemistry holds around 230Wh/kg, a high energy density which is important in achieving an acceptable range between recharges. Pre-launch tests suggest that Phantom EE should run to a range of up to 200km. Zero to 60mph will be achieved in under eight seconds (5.7 seconds in standard Phantom), with top speed up to 160km/h. The interior of the 102EX feature Corinova, an experimental leather which distinguishes itself by being entirely chrome-free. Tanning starts with a preparation of Glutardialehyde. Chestnut extract, sustainably sourced from Southern Europe and Tara powder from crushed fruit of the Tara bush in South America are used for drumspun colouring. Fruits are harvested without damage to the plant and the product is finished with a combination of natural binders and high-tech polymers. Corinova uses less paint finish than in standard chrome-tanned leather and creates less waste. Rolls-Royce also introduced the cleanest micro environment available in a motor car by using the latest sensor and Nanofleece filtration technology. The new Ghost is equipped with the Micro Environment Purification System, in which Impurity Detection Sensors measures

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Benoit Defforge, President Airbus Corporate Jets, stated: “We are proud to extend the ACJ product Family with the launch of the ACJ TwoTwenty. The aircraft combines intercontinental range, unmatched personal space and comfort for all passengers. This latest technology platform is offering unbeatable economics and unrivalled reliability. Based on its compelling market appeal, we see a promising demand for this aircraft in the growing business jet market.”

ambient pollution levels, automatically switching fresh air intakes to 75% decrease in noise compared with the 1960s. Fuel cells are Recirculation Mode if unacceptable levels of airborne contaminants proving to have the capacity to power cabins and systems, while are present. All cabin air goes through a Nanofleece filter, removing 3D printing can now deliver lighter parts and much less waste. The nearly all ultra-fine particles, viruses and bacteria from the RollsA350 saves 25% in fuel burn per seat compared with the aircraft Royce’s micro environment in less than two minutes. it replaces. The Bionic Partition project used a 3D printed part for Sustainability reaches a new height with Airbus’ initiatives. Pictured the A320, resulting in a 45% lighter product and reducing CO2 emissions by 10 tonnes per year per aircraft.The A320neo family above, the Airbus Corporate Jets TwoTwenty is the most efficient saves 20% in fuel burn compared with previousjetliner family in their class. The quietest, cleanest generation aircraft. The eco-friendly design of and most eco-friendly aircraft in its category, the the Airbus Bluecopter Demonstrator reduces fuel ACJ220 business jet boasts a 50% reduced noise Sustainability is consumption by 13%. footprint compared to previous generation aircraft not just a trend for In fact, Lufthansa Technik placed an order of five and up to 25% lower fuel burn. Airbus aircrafts recently: three ACJ350-900s and Benoit Defforge, President ACJ, stated: “We are us. it is a call two A321LRs. A member of the A320neo family, proud to extend the ACJ product Family with to action. the A321LR can be equipped for various types of the launch of the ACJ TwoTwenty. The aircraft - Oliver Zipse missions, from troop transport to MedEvac role combines intercontinental range, unmatched setups. It delivers 30% fuel savings and nearly personal space and comfort for all passengers. This 50% reduction in noise footprint compared to latest technology platform is offering unbeatable previous generation competitor aircraft. With a range of up to economics and unrivalled reliability. Based on its compelling market 4,000nm (7,400km), with 206 passengers, the A321LR is the appeal, we see a promising demand for this aircraft in the growing long-range route opener, featuring true transatlantic capability business jet market.” The primary structure of the A220 is made of and premium wide-body comfort in a single-aisle aircraft more than 50% advanced materials, found in the aluminium-lithium cabin. With the most spacious cabins of any business jet, while fuselage and in the titanium and composite components of the being similar in size to competing large-cabin aircraft, the wings – among other places. Not only does it weigh less as a result, ACJ320neo family also delivers similar operating costs, thanks it also requires less maintenance. to lower maintenance and training overheads – part of its airliner The A350 boasts similar figures for its components and saves heritage – deliver a similar total cost when combined with fuel up to 1.5 tonnes of weight through its composite parts. And by and navigation and landing charges. In addition to its aircrafts, working closely with engine manufacturers, Airbus is developing Airbus is working on reducing its industrial environmental low-noise nacelle designs, acoustic treatment and low engine noise footprint at sites worldwide and throughout its supply chain. At technologies. As a result, these aircrafts have already achieved a

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BRIGHT SKIES Benoit Defforge, ACJ President: “We have started to see a shift, with increasing interest now coming from corporations for private flights.”

CORPORATE AVIATION HORIZON Airbus is the only manufacturer of top-of-the-line business jets having delivered more than 70 turnkey cabins built by approved outfitters.

Around 200 Airbus corporate jets are in service worldwide, with a strong presence in the Middle East. Customers include 50% governments, 25% individuals, 25% corporate clients.

PERSONALISED CABINS

DOOR-TO-DOOR SOLUTIONS Stan Shparberg, ACJ Vice President Commercial: “The flexibility and capability of ACJ...and Airbus Corporate Helicopters (ACH) are the only company in the world to offer door to door solutions with dedicated private and business jets and helicopters.”

In order to customise private-jet cabins to suit different lifestyles, ACJ Head of Creative Design Sylvain Mariat explains, “We start by learning how customers want to use their jets, move on to understanding their tastes, passions and preferences, and then propose designs for them to review

Seven-seater, rear falcon wing doors, all-wheel drive and a range of 400 km MODEL X, THE NEW ROADSTER

CLEAN SLATE

ACJ TwoTwenty

For the first time, ACJ220 offers a clean sheet designed aircraft with a signature flexible cabin catalogue providing a new value proposition.

The TwoTwenty creates a new market segment of“The Xtra Large Bizjet” and offers customers more personal space and cabin volume.

Comlux outfits and upgrades VIP interiors for the first 15 cabins.

A THIRD LESS OPERATING COSTS while occupying the same space and being able to take off from the same airports as competing business jets.

A 50 percent reduced noise footprint

ACJ tackles niche market needs by designing services spanning from governmental kit (for Head of State transport) to a fully outfitted presidential or private ACJ350.

Entry into service of the first ACJ TwoTwenty by Comlux Aviation is targeted for early 2023.

QUIETEST

REIMAGINE YOUR PLACE IN THE SKY...

Two times better connectivity, CLEANEST with electro-chromatic windows and other innovations 25 percent lower fuel burn

MOST ECO-FRIENDLY

INCREASED RANGE

The ACJ TwoTwenty flies up to 5,650 nm/10,500 km (over 12 flight hours).

INCREASED SPACE

London - Los Angeles Moscow - Jakarta Tokyo - Dubai Beijing - Melbourne

73m²/785 ft² of floor space over six wide VIP living areas

VIP cabin interiors are supported by a flexible cabin catalogue.

A business and guest lounge, private entertainment space and private suite with bathroom.

Large full lie flat seats, a US-king size bed, standing rainshower.

A humidifying system for well-being and fast connectivity for work and entertainment..

ACJ has won its first orders for the ACJ TwoTwenty, totalling six.

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Comlux has revealed an order for two aircraft, following four other.

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Southern Wind Shipyard: “Our mantra in terms of sustainability is ‘Improving sustainability through efficiency.’ Taking weight out is an everyday battle, but the yard attracts customers who like the large but pared-down ethos of its boats and their modest crew requirements.” Light displacement, powerful sail plan, hybrid diesel-electric propulsion system, and the use of synthetic teak which not only saves weight but is also 100% recyclable and produced using REACH compliant phthalate-free plasticiser are just some of the innovative methods with which SWS increases sustainability in an already-eco-friendly sport: sailing. (Image courtesy of Southern Wind Shipyard)

Airbus Helicopters, for example, solid waste sent to landfills was upwind at 4.5 knots and downwind at 4.9 knots. At seven to eight reduced by 90% by diverting it to an energy recovery facility in knots of wind, we sail beautifully at eight to nine knots while most the Grand Prairie site, USA. Over 20,000 litres of oil have been of our competitors will be motoring.” An example is the RP-NAUTA saved at the Broughton, UK, location by modifying spindles 100, a new-generation project characterised by a strong focus on to eliminate lubricant leakage (Regarding surface treatment in performance. Light displacement is combined with a powerful sail production, 25 tonnes of chromates have been removed from the plan for excellent speed in light wind conditions. The hull’s inner Broughton facility as well). VOC emissions have been reduced by and outer skins are in full carbon with a Corecell core while Nomex over 15 tonnes annually in Nantes by switching and prepreg are used for the fore and side decks, from liquid cleaning solutions to sprays and the aft cockpit and the fore and aft bulkheads. wipes. In Illescas, Spain, Airbus facilities are The lightweight construction method optimises Our bigger treating water through osmosis to save more weight and increases performance and comfort. step towards than 12,000 cubic metres of industrial water Of course, sail area is not the only string to the sustainability is the discharges every year. SWS bow. Boats consume remarkably little energy Airbus’ final assembly line in Alabama when sailing. Even a blue-water cruiser sits for hybrid diesel-electric obtained LEED certification, a programme that about eight months of the year. Thus, SWS has propulsion system. rewards sustainability achievements in design, invested in the development of awnings that can - Southern Wind construction and operation. Airbus Helicopters’ generate seven to 20kW of electricity using solar engineering building received BREEAM cloth panels that stow in a dedicated deck locker. certification – the world’s leading sustainability Another green solution that has become more assessment – in part for its 70% energy savings. The innovative use and more common on SWS yachts is the use of synthetic teak of geothermal energy at Airbus headquarters in Toulouse saves versus wooden teak: besides offering a significant weight saving, 59,000MWh of gas each year. it is 100% recyclable and is made using REACH-compliant At sea, sustainability is breaking the waves quite literally. According phthalate-free plasticiser. “Our bigger step towards sustainability to Southern Wind, one of the complaints about sailing boats is the hybrid diesel-electric propulsion system that we are currently during Mediterranean cruising season is that the wind is too light offering as an option to clients on our current range of yachts, and the boat will not go anywhere in less than six to eight knots the SW96, 105 (one of which in this miniseries is the Kiboko of breeze unless it is motoring. “We put our effort into resolving pictured above) and 120. This system was recently designed in that issue. If a boat has a bigger sailplan, it can sail faster and at collaboration with a global company specialised in advancing a lower wind speed. Our new 105 carries 15% more sail area than electric and hybrid solutions in buses, boats, heavy-duty trucks, our 102-footer [31-metre]. It sails in four knots true wind! We will go and military vehicles.”

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A TIME FOR ALL THINGS 1. HUBLOT Big Bang Integral Tourbillon Full Sapphire 2. LOUIS VUITTON Tambour Carpe Diem 3. CARTIER Cloche de Cartier 4. MAURICE LACROIX Aikon Master Grand Date 5. BAUME & MERCIER Riviera 6. MONTBLANC 1858 Geosphere Limited Edition 7. ORIS Divers Sixty-Five ‘Cotton Candy’ 8. VACHERON CONSTANTIN Les Cabinotiers Armillary Tourbillon Perpetual Calendar Planetaria 9. ROLEX Cosmograph Daytona 10. PIAGET Altiplano Ultimate Concept La-Cote-Aux-Fees Edition

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watch

18 Watches & Wonders 2021 showcased the best in haute horlogerie, as historic maisons innovated their iconic pieces while contemporary brands debuted new designs. The time to look towards new horizons is now.

11. BVLGARI Octo Finissimo Perpetual Calendar Titanium 12. HERMÈS H08 Graphene 13. JAEGER-LECOULTRE Reverso Hybris Mechanica 14. CARL F. BUCHERER Manero Minute Repeater Symphony 15. TUDOR Black Bay FiftyEight 18K 16. IWC SCHAFFHAUSEN Pilots Watch Shock Absorber XPL 17. A. LANGE & SÖHNE Lange 1 Perpetual Calendar 18. PANERAI Luminor Chrono Monopulsante GMT Blu Notte 19. PATEK PHILIPPE 6119R Calatrava

13 14 15 watch

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OFFICINA ARMARE, FULL SPEED AHEAD For its latest concept cruiser, the A43, Milan-based yacht design studio Officina Armare draws inspiration from Lamborghini’s Centenario Roadster, and combines the design of a speedboat with the performance characteristics of a supercar. yachts

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Inspired by the silhouette, materials and performance of Lamborghini’s Centenario Roadster, Officina Armare’s A43 concept cruiser reimagines a speed machine for the water: from the hull, dashboard and steering wheel, to details such as the throttle handles and joystick, carbon fibre is used throughout the design, contrasting with understated beige leather interiors. The A43 boasts optimal aerodynamics with features such

The A43 boasts optimal aerodynamics with features such as large air intakes, sloping windscreen, the inverted bow and unique shape of the transom.

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The A43 concept cruiser travels with speed, style and comfort, like a supercar on the water.

as large air intakes, sloping windscreen, the inverted bow and unique shape of the transom. From easy low-speed control and manoeuvrability during docking to aerodynamic lift at high speeds, topping off at over 80 knots, or a cruising speed of 50 knots, the A43 caters to a range of experiences at sea. Relaxation areas are concentrated in the bow, while the aft provides storage for leisure activities.

THE HIGH AND THE LOWDOWN: Caterpillar Three60 650 Pod Drive allows the boat to make a tight 360-degree turn on its axis, while Twin Disc Quickshift transmission provide instant torque, low-speed propeller control and smooth directional shifting such as forward and reverse. The lateral bow thruster provides even more manoeuvrability at lower speeds and during docking.

THE OFFICINA ARMARE A43 SPEEDBOAT AT A GLANCE

Each of the two Mercury 540 8.6-litre V8 engines has 540 hp, 5000-5400 full throttle rpm, with 115.8mm bore and 101.6mm stroke, producing a powerful displacement. Digital throttle & shift and BravoOne XR Sport DWP drive option facilitate operation, hydrodynamics and dual water pickup cooling. 87 posted octane (R+M)/2, or 91 RON (global) pump gas. EPA and CARB-compliant.

Caterpillar Three60 650 Pod Drive ensures manoeuvrability and performance through the C8.7 high-performance engine, with largest-in-class propellers for efficiency and acceleration, while Twin Disc Quickshift transmission provides instant torque, low-speed propeller control and smooth directional shifting. Easy-to-control lever heads and joystick.

The lateral bow thruster fitted near the bow delivers even more manoeuvrability at lower speeds and during docking. At high speeds, air entrapment tunnels on the sides provide aerodynamic lift. A GPS speedometer keeps on eye out on the horizon.

The hull is in Lamborghini’s Blu Nila colour while the interiors are in beige leather and carbon fibre, with personalisation available. The helm station has a lounge seating and champagne storage. The forward passenger cabin includes a dining table, sofa seating for four, kitchen, lavatory, and bathroom with shower. Carbon fibre dashboard, steering wheel, throttle handles and joystick.

FOR MORE LEISURE ACTIVITIES: At transom beneath the lid of the aft locker there is enough space for a pair of Seabobs, an optional rack that is located on top of engine compartment for carrying bikes, surf boards and a swimming platform extending from the aft deck.

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THE GUARDIAN OF THE STARS Gwendal Poullennec’s appointment as international director of the Michelin Guide in 2018, a young-in-house personality with years of experience in the organisation, heralded a new era of digital innovation, new editions for up-and-coming culinary destinations, and close cooperation with tourist authorities worldwide, on the basis of Michelin-listed restaurants’ proven ability in increasing the number of visitors at a location. The health crisis caused shock waves in the industry but, as a result of the techniques that have been developed by the group over the course of more than a century, the “red guides” retain their star power.

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Gwendal Poullennec became international director of the world’s most natural resources which enable extremely high-quality ingredients prestigious gastronomic guide, the Michelin, in 2018, following the to be produced and then enhanced by chefs across the country”. departure of Michael Ellis who left for the Jumeirah luxury hotel group. Cooperation between the Michelin guide and local tourist authorities Michelin was therefore relying on an in-house personality, someone is particularly close in this case, with global promotional activities who “will continue to embody the values of generosity, passion and comprising marketing and public relations operations, and licensing independence dear to the Michelin group in its new functions.” editorial content for use in the Slovenian Tourist Board’s channels. Poullennec’s career at Michelin began in 2003. After working on the marketing for the European editions, he moved up to become the IN SUPPORT OF RESTAURANTS THROUGH HARD mastermind for the Guide’s deployment in the United States and Asia. TIMES He also forged new territories, launching Michelin Guides in New York, San Francisco, Tokyo, Hong Kong, Kyoto and more recently Bangkok Of course, the Covid pandemic has had an unprecedented effect and Taipei. He has also been working on developing Michelin’s digital on the world of restaurants, and on the Michelin Guide’s activities. interfaces. Poullennec has won worldwide respect for his expertise on Even though we are gradually emerging from the crisis, at the the way in which food culture can create business and contribute to time of writing only about 33% of Michelin-starred restaurants local tourism. While some nations, such as France and Italy, have a long had reopened for business. The 2021 Michelin guides will without culinary history, others may not have this heritage even though they are doubt be presented, with a Digital First strategy so that the classic continuously increasing their gastronomic quality. The Michelin Guide printed versions will be preceded by digital content. Michelin has has played an important part in the international promotion of culinary said that no 3-star chefs will be demoted during the health crisis. culture in locations such as Singapore, Korea, Hong Kong, Denmark In a video published on YouTube, Gwendal Poullennec described and the UAE. the difficulties facing the industry, with a tribute to the resilience of Back in 2019, we were living in a different world, and Gwendal restaurateurs and chefs around the world. “Many of you, and rightly Poullennec had a different set of problems and ambitions with respect so, are worried about your businesses, which are personal ventures to the present. In Singapore, he announced that he wanted to develop in which you have thrown all your strength, your convictions and your greater transparency and ensure that chefs know exactly how the commitment. And despite that, many of you have developed creative process of listings is performed, to avoid misunderstandings and the and generous initiatives to help and support our medical teams and occasional fracas, such as the case of chef Marc Veyrat of La Maison des vital services.” Local inspectors are maintaining communications with Bois in the Haute-Savoie Alps, which was downgraded from its highest the industry, so that the Michelin Guides can support restaurants on Michelin ranking of three stars in January 2019. The chef claimed that their route back to recovery. “The heart of the Michelin Guide,” says the Michelin Guide inspector – who was in any case anonymous – had Poullennec, “is to recommend restaurants, we are not critics. We’ve mistaken the yellow colour of a soufflé for cheddar when in fact it had always wanted to find restaurants serving great food, to unearth been created using saffron. This led to a court case new talent and to bring these restaurants to which became known as “Cheddargate” in the those who love eating out. That’s what we have media and led to Veyrat losing the case. always done, that’s what we will continue to do It has been seen Poullennec wished to expand the Guide to new tomorrow, taking into account the exceptional that destinations territories. “We are particularly enthusiastic about situation we are living in: during the recovery with Michelin-rated introducing Moscow to foodies,” he said in time, we will be flexible, sensible, respectful and December 2020. “This mysterious and timeless realistic; we will be here to support, promote, restaurants receive capital city is a culinary gem that showcases not publicise and encourage all of you.” increased numbers only local Russian products, but also the wonderful Michelin is concentrating on the unprecedented of visitors, and more diversity of world cuisine.” Other new locations commitment by its inspectors, reassuring comprise Beijing, Slovenia and California. Another restaurateurs and readers that Michelin Stars overnight stays, significant new destination, or rather a revisited and its award distinctions will mean the same galvanizing the entire one, was that of Los Angeles. The L.A. edition first in 2021 as in other years. “Restaurants are the local economy. saw the light in 2008 during the red guide’s global lifeblood of our cities, towns and villages, the expansion, but after two editions, Michelin decided beating heart of our communities, so people will to withdraw from the city, leading to mixed feelings want to come back and we will help them to do on the part of the local restaurateurs and food lovers. The move even so.” The policy of restaurant guides in this difficult time has differed. led to the website “Eater Los Angeles” launching “The hypothetical Michelin’s principal rival, the Gault&Millau, will be publishing their Los Angeles Michelin Guide,” offering its own suggestions for what the 2021 guide in October as normal, but they have shelved their chef, Michelin listings could be. So, in 2019 the time was ripe to return to pastry chef and sommelier of the year awards, and are highlighting that city, which has arguably become one of the greatest American food examples of chefs who have found different methods of delivering locations, on a par with New York, San Francisco or Chicago, and to the their culinary arts, using click and collect, or even offering to go to rest of California. customers’ homes and cook for them there. Other guides, such as the UK-based 50 Best Restaurants, cancelled their 2020 rankings. Poullennec has acknowledged the changes, both immediate and THE MICHELIN GUIDE AS AN ENGINE FOR TOURISM long-term, that the health crisis has brought. Many restaurants Michelin conferred its first stars in Slovenia in June 2020. The fact that this have had to opt for simpler food to keep their businesses going, event received great attention from the Slovenian Tourist Board shows even becoming something akin to street food, with take-away and not only the prestige of the red guide, but the perceived importance delivery. The Michelin Guide recognises these changes in both the of culinary culture to international tourism. The arrival of the Michelin forms of food and how it is presented. “The important thing is what guide in this country gave Slovenia the chance to increase its profile as the customers want, which will be much more local and internal than a top gastronomic destination while also encouraging its chefs to raise before. They will want commitment to the territory, to the producer the quality of Slovenian cuisine. The Michelin Guide inspectors were communities. Sustainability will be the key to recovery.” impressed with Slovenia, not only for its food, but also its sustainability. Sustainability is one of the latest developments to be seen at the Over the course of years, the number of visitors – and overnight stays Michelin Guide company, which launched its new Sustainability – have increased in destinations with Michelin-rated restaurants, to the emblem, or the Green Star, in 2020, coinciding with the release of point where an individual restaurant’s success can galvanize the entire the Nordic Countries Guide 2020. Gwendal Poullennec said, “Today, local economy. Gwendal Poullennec said that “ever since the very first sustainability is moving increasingly to the forefront of people’s mind, Michelin Guide was published almost 120 years ago, our mission has and nowhere more so than in the Nordic Countries, where they have been to discover the finest culinary destinations around the world. really embraced sustainability as a way of life. Nordic chefs lead the Slovenia is undeniably one of them, thanks particularly to its abundant way when it comes to focusing on local ingredients; taking a zeroThe Michelin brothers knew that the car would change the world forever, and in 1900 they created a guide specially for motorists.

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MICHELIN GUIDE HISTORY

1900 – The first Michelin Guide was published

by André and Edouard Michelin 1904 – The Belgian edition was published 1911 – The UK guide was launched 1920 – The Michelin guide’s restaurant listings became so popular that the Michelin brothers appointed anonymous reviewers 1926 – The Michelin Star was introduced 1931 – Red was adopted as the cover colour 1956 – The first Michelin Guide to Italy was published 1974 – The guide to Britain was re-introduced 2005 – The first American Michelin guide saw the light 2009 – The Michelin Guide reached Asia, with Hong Kong and Macau 2019 – Michelin Guides comprise 28 editions in about as many countries

WHAT DO THE SYMBOLS MEAN?

9 4

(2019 figures)

MICHELIN-STARRED RESTAURANTS BY COUNTRY 1) 2) 3)

France – Japan – Italy –

600 419 331

4) Germany – 290 5) Spain – 174 6) UK – 163

MICHELIN GUIDE INSPECTORS

* High quality cooking, worth a stop ** Excellent cooking, worth a detour *** Exceptional

Anonymous Though they are Michelin employees, they are paying customers

STAR

cuisine, worth a special journey

Independent Inspectors are linked only to the Michelin Group Expert Michelin inspectors are experts in the culinary sector

“Cover” (knife and fork) symbol: Quite comfortable comfortable very comfortable

Reliable

COVERS FOR RESTAURANTS

Passionate

top class comfort luxury Bib Gourmand denotes restaurants offering exceptionally good food at moderate prices Local flavours: -Notable wine list -Interesting cocktail list -Interesting beer list -Street food The Plate Michelin introduced in 2016, for restaurants that “simply serve good food”

7) Belgium – 129 8) Switzerland – 116 9) Netherlands – 107

Michelin stars are awarded by a collective of inspectors

Inspectors are all food enthusiasts

Quality

Any restaurant can be reviewed for Michelin Guides, as long as they comply with the Rating Criteria

MICHELIN GUIDE RATING CRITERIA - Product quality - Mastery of flavour and cooking techniques - Personality of the chef as revealed by the dining experience - Harmony of flavours - Consistency from one inspector visit to the next

MICHELIN INSPECTOR IDENTIKIT: 120 – number of inspectors world-wide 40 – average age 5 – years minimum experience in the field 6 – months training for new recruits

THE INSPECTION PROCESS

World’s cheapest Michelin-starred restaurant: Hawker Chan, Singapore, from 2016, 1 star €1.70 per person

All in a day’s work Each inspector typically performs, per year: • 120 hotel stays • 250 restaurants visited • 800 inspections performed • 1,100 reports written • 29,000 kilometres travelled

World’s most expensive Michelinstarred restaurant: Ultraviolet, Shanghai, from 2017, 2 stars €650 per person

World’s longest-standing 3-star restaurant:

L’Auberge du Pont de Collonges (Paul Bocuse), 55 years, 1965-2020

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waste, nose-to-tail approach; and reducing both food and packaging waste. They are setting the standard for the rest of the world to follow.”

star rankings. Whether or not to award a star is never due to a single reviewer’s opinion, but it is always a collective decision, based on visits by several reviewers. Further information gathered by the inspectors regards service, setting, comfort, ambience, wine list, and the overall STAR-STUDDED HISTORY experience, from the reservation over the phone, to the welcome The Michelin Guide has had a long history. It runs back to 1900, and when you enter the restaurant, right through to the end. These are curiously, the Guide’s origins were only tenuously linked to cuisine. reflected not in the stars but in the number of “covers,” represented French industrialist André Michelin, and his brother Edouard, had by the fork and spoon symbol. The Bib Gourmand (named after invented a new type of pneumatic tyre for cars, but there were very Bibendum, the name of the Michelin mascot) introduced in 1997 is a few cars on the road in France. So they had the idea of stimulating rating that recognizes friendly venues serving good food at accessible demand by publishing a guide providing information for motorists, with prices. Some markets have their own specific symbols, for example, a maps, tyre replacement workshops, and the addresses of mechanics, wine-and-toothpick symbol for noteworthy tapas bars in Spain, a beerhotels and petrol stations, in addition to a list of restaurants. 35,000 mug symbol for quality pubs in the UK and Ireland, and a cart symbol copies of the first edition were printed. It was already a voluminous for streetfood stalls in Asia. publication: 575 pages, with an alphabetical listing of towns in France. One of Gwendal Poullennec’s points of focus in recent years has been The Michelin guides were not the first such publications: Murray’s to increase transparency by enabling chefs to request feedback on why Handbooks for Travellers had been printed in London since 1836, they were not assigned a star. “But we will never be able to say what has to be done to obtain a star. Everything depends and the Baedeker Guides had been published by on the chef’s personality, the cooking techniques, Karl Baedeker in Germany from about the same and the ability to work in harmony with the team. date. However Michelin’s guidebooks had an Michelin reviewers are In no way should they copy things that others important difference: they were free of charge, always anonymous. have done in the past. When chefs concentrate on and had a specific focus on motoring. They were They are Michelin customers, forgetting about the star and creating also originally a different colour, blue, as compared an authentic experience, awards will arrive as a to the red covers of the Murray’s and Baedeker employees, with many natural consequence,” said Poullennec. publications. They immediately became popular, years of experience The rarity of 3-star establishments worldwide and over the following decade the brothers in the hospitality has contributed a great deal to the reputation of introduced editions for many other countries in the Michelin Guide, comparable to the Oscars western Europe. An English version of the guide to industry, and they are for films. The late Paul Bocuse, whose restaurant France was published in 1909. not allowed to talk to L’Auberge du Pont de Collonges near Lyon had a The guides remained free for readers – they journalists. 3-star Michelin ranking for 55 years, said “Michelin contained paid advertising – up until 1919 is the only guide that counts.” Bocuse, pioneer of when, according to a possibly anecdotal story, nouvelle cuisine, was a legend worldwide, and when André Michelin entered a tyre shop and saw that a stack of his red guides had been used to prop up a workbench. the restaurant was downgraded from three stars to two in 2020, two The 1920 editions went on sale for seven francs, and no longer years after the chef’s death, the event was so momentous that Michelin had advertisements. The space dedicated to the restaurant section communicated the news to the restaurant not in writing or by email, but gradually increased, and the Michelin brothers recruited a team of by Gwendal Poullennec personally. This is the sort of attention to detail “mystery diners” who visited restaurants anonymously in order to that suggests the Michelin Guide will retain its privileged position as an compile their reviews. In 1926, particularly meritorious restaurants observatory of the gastronomic arts. In his preface to the first edition in were marked with a single star – as had already been done in the 1900, André Michelin wrote “This work comes out with the century; it Murray’s and Baedeker guides – and five years later, three categories, will last as long.” Without doubt, a 3-star forecast. one, two and three stars, were launched. One star was for “a very good restaurant in its class”, two stars were for “excellent cooking, worth a detour”, and three stars marked “exceptional cuisine, worth a special journey”. In 1931, the cover colour was changed from blue to red. Publication was suspended during both World Wars, but in 1944 the Allies requested the reprinting of the 1939 France edition specially for the armed forces, not for its restaurant listings, but for its maps, which were considered the most up-dated available. The first Michelin Guide to Italy was published in 1956, with no stars awarded in the first edition. The guide to Britain was published in 1974, with just 25 onestar restaurants, after 41 years of abandonment following the earliest Michelin Guides to Britain which appeared from 1911 to 1931.

AUTHORITATIVE ANONYMITY Michelin reviewers are always anonymous, and this is probably what gives the Guide its authoritative standing. They are Michelin employees, with many years of experience in the hospitality industry, and they are not associated with any other organisations. They are not allowed to talk to journalists, they never identify their presence at restaurants, and they are advised never to disclose their profession, not even to relatives. While reviewers can visit alone, they may also go in pairs or threesomes to prevent the risk of lone visitors being mistaken for inspectors. The red guide has been far more successful in maintaining reviewer anonymity when compared, for example, to reviewers from major newspapers who sign their reviews and then attempt to become bona fide undercover critics by adopting aliases and disguises. Michelin inspectors report the details of ingredients, quality of the products, technical skill in cuisine, balance in flavours, and creativity. These findings are discussed in “stars meetings” at Michelin’s national offices, and transformed into one, two or three-

The Michelin Guide hosted a Virtual Family Meal event to support California restaurants through an online fundraiser for the California Association of Food Banks. During the event, the Michelin Green Star was introduced in the United States. Poullennec stated that many chefs in California are committed to promoting regional products while skillfully crafting cuisine that respects nature and seasonal changes.

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