A pool outside a lit up building at night
A pool outside a lit up building at night

The Fairmont Pacific Rim was designed by James KM Cheng Architects

Luxury, comfort and convenience come together at the Fairmont Pacific Rim in Vancouver. The perfect place for a stopover before making your way to Whistler for your Summer or Winter holiday

The Arrival

You might question whether you’ve walked into the right place when you first arrive at the Fairmont Pacific Rim, as it looks more like a hip new bar in Manhattan: full of people, live music every night, drinks flowing and food circulating. With sculptures and artworks all over the walls, the lobby lounge is a lively setting and a real Vancouver hotspot for the locals. It’s a great feeling to walk into a hotel and not feel like a tourist.

Follow LUX on Instagram: luxthemagazine

A fireplace with large sculptures of children on top of it

The lobby of the Fairmont Pacific Rim full of artworks

The Room

The main asset of the room is the floor to ceiling window overlooking the Pacific Ocean and the mountains ahead. At night the skyline of the city is spectacular and in the mornings it’s a treat to watch the sea planes take off and land (don’t worry there isn’t any noise!).

The room is simple in design but very spacious and full of high-tech appliances.

The Le Labo body and hair care in the bathrooms also add that little extra touch of luxury.

A room with cream chairs and wooden tables overlooking the sea and mountains

A suite overlooking the Pacific Ocean

The Experience

The hotel is situated in the perfect location: downtown, and right on the waterfront, so it’s easy to get the water taxi to Granville Island, next to all the high-end and mid-range shops that you’ll find around Robson Street.

Whilst food options in Vancouver are endless, the hotel restaurants are a must-try. The sablefish roll in miso sauce and tuna tataki at the Raw Bar were the highlights of our meal. You could taste the quality of the fish as it melted in your mouth.

A fish dish in the shape of a pink rose

Beautifully plated dishes at the Botanist restaurant

We asked the waitress about the tuna in particular, and were told that the best part of the tuna isn’t even served in the tataki (that would be the belly) and yet it tasted better than most fine dining sushi restaurants you might find yourself at in Central London.

Read more: One&Only The Palm, Dubai, Review

The Botanist, one of Vancouver’s most highly rated restaurants, is also based in the Pacific Rim. We chose golden French toast with berries and eggs florentine with crispy potatoes from the fantastic breakfast offering, serving as the perfect brunch before heading out for a day in Vancouver.

Rates: From £365 per night (approx. €430/$475)

Book your stay: www.fairmont.com/pacific-rim-vancouver

Candice Tucker

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Reading time: 2 min
Woman standing amongst tyres
woman in car garage

Ruth B. photographed during making of her video for the single ‘Dirty Nikes’, 2020. Image by Gabriel LN.

Is Canadian singer-songwriter Ruth B. the new Tracy Chapman? She has a soulful voice, thoughtful and concerned lyrics, and a growing wave of followers around the world. She also has some of the most creative videos around. Oh, and she speaks fluent Amharic. LUX speaks to her about the music business, social media, BLM and whether playing the piano matters

Ruth B. is a musician very much of her generation. Born Ruth Berhe in 1995 in Edmonton, Alberta – her parents had emigrated from Ethiopia to Canada – she started posting short videos on the now defunct Vine platform in 2013. One of these fragments of a song gained thousands of likes and eventually became her bestselling single ‘Lost Boy’, which in turn has received over 500 million plays on Spotify alone. That song features on her album Safe Haven, released in 2017 on the Columbia label.

Follow LUX on Instagram: luxthemagazine

This kind of rapid rise in the music industry is one that has been made especially possible by social media. But it has also been made possible by Ruth B.’s own skills as a singer and keyboard player – her warm, soulful voice and subtle piano style have won her fans across the generational divides – and by her dedication to her art and her ambition to have artistic control over her songs and videos.

Like most musicians, Ruth B.’s career has been put on hold during lockdown brought about by the worldwide coronavirus pandemic, but it hasn’t stopped her working entirely as she continues to write songs at her home in Edmonton, where she was living when LUX spoke with her.

LUX: When did you start being interested in music. Was it when you were very young?
Ruth B.: I think for me music was always a really prominent part of my life. I just naturally gravitated towards it. I loved singing; my mum sang a lot around the house. I just really loved to make noises with my voice or make sounds with pots and pans, or whatever it was.

LUX: And were your parents musical? Did they encourage you down that route?
Ruth B.: My mother sang in a choir. No-one was particularly musical, but my whole family appreciates music, and they were always very supportive of me, and put me in piano lessons.

Woman on the phone

Image by Gabriel LN.

LUX: You’re a very contemporary singer, but there’s something very classical in the way you play piano and sing. Are you aware of this?
Ruth B.: I don’t know if I’m aware of this, I just think that’s the type of music I love listening to and love making. When you start to get more into the music world you get to know what kind of production you want, but I’m aware that I want to keep it organic and stripped back.

LUX: When you were young, playing around with music, did you think you would end up as a global star? Was it an ambition of yours?
Ruth B.: I kind of always hoped I’d end up in music. I didn’t know in what capacity or what that meant, but I certainly knew that music was going to become the focal point of my life.

Read more: Prince Robert de Luxembourg on wine, gastronomy & storytelling

LUX: Do you feel that you have succeeded? Or are you on the path to other things?
Ruth B.: Yeah, I’m always working towards different goals. I’ve definitely had successes… I think in the beginning I was always super critical and hard on myself, but now I think it’s important to celebrate wins and the good things that happen. But I think I still have a long way to go, and there are still things I want to accomplish.

LUX: Like what?
Ruth B.: One goal that I always tell people about is to put out an album that I write, produce, engineer, all by myself. I’ve done the writing, and the production a bit, but all the other stuff I’m still learning. So that’s my biggest goal, to put an album that’s just, you know, completely me.

LUX: Are you releasing an album or some more songs this year?
Ruth B.: Yes, I brought out a new single this summer, and we shot the video for it it in my hometown. And an album towards the end of this year or the beginning of next. It’s been in the works for the past three years now.

LUX: Your videos are very dreamlike and artistic. Do they come from your ideas, or is there someone else who directs them?
Ruth B.: For most of my music videos have been made by different directors, but I’m pretty heavily involved in everything I do. So, I write up my ideas for the video of a song and send it out to three or four producers, and whoever’s vision matches mine is who I’ll go with. I’ve been lucky to work with some really talented people.

LUX: Some of the ideas in your videos are quite surreal, aren’t they?
Ruth B.: They really are. I like to focus on the little details and surprises here and there. I’ve always been into fantastical and magical stuff since childhood, so it’s seeped its way into the videos for my songs.

surreal image of woman floating

A still from Ruth B.’s ‘Lost Boy’ music video.

LUX: How important are the videos?
Ruth B.: They’re very important. A visual alignment with what you’re hearing is important, especially for a lot of people, and it can sometimes make or break a song. I’ve had songs in the past where we’ve shot an entire video and spent three days and a lot of money on a video, and it just doesn’t work, so we end up not using it.

LUX: Looking on, it seems you’re just doing what you love, and that’s it. But is it difficult?
Ruth B.: Yeah, it is, like any job. But with music it’s hard because sometimes people forget that just because you love music, it doesn’t mean you’re like this super outgoing, big personality. For me, that was the hardest part – getting used to being at the forefront of things. Even being on stage at the beginning was super hard, because growing up I was pretty introverted, but I think over time I’ve got used to it and grown a love for it. It comes with its hardship. You pretty much give your whole life to touring. But I think at the end of the day, if you really love it, then it is worth it.

Read more: Penélope Cruz on designing jewellery for Swarovski

LUX: And what are the biggest challenges?
Ruth B.: I think for me it’s the being away from home and family. Being from Edmonton, Alberta, I spent a lot of the early years, at 18 and 19, away from home. That was difficult – just always being on and ready to go. Shows can be really tiring, and that whole thing of being on stage for an hour or two every night can be hard, but again, you’re doing the thing you really love, so in the back of your head, you’re thinking this is amazing, regardless of how tired you are.

LUX: Do you find it difficult being a young black woman in music?
Ruth B.: Yeah. Being a young black woman in general is difficult in our world, but in music I’ve definitely faced some adversities, but it’s kind of always been that way. It’s not new. It’s stuff I’ve faced in workplaces before now, or in school. It’s certainly there, which is unfortunate.

LUX: Do you think things are changing with Black Lives Matter and recent developments?
Ruth B.: It’s inspiring to see people talking about it and it being at the forefront of a lot of conversations. That inspires change, and with the people I work with, talking about how we can change the industry for black people.

LUX: Do you experience any ageism as well?
Ruth B.: Yes. I think in the beginning I had a hard time with it, because I would always be like this 18 or 19-year-old girl walking into a room of older, usually white men, and it can be a little bit… ergh. But I think for me, at least in my experience, the older I got the more confident I became in my ideas, and more married to the idea of executing things in the way that I wanted them done. Over time I’ve grown a thick skin.

LUX: Thinking about ‘If I Have a Son’, did you write that as a reaction to BLM?
Ruth B.: Yeah, I wrote that after everything happened with George Floyd. I mean, those feelings were always there, but I never thought to put them in a song, just because I never thought I’d get that honest or deep in my music. But when you’re faced with such a hard pill to swallow all you can do is try to channel it, so for me that’s always been music. It’s my go-to therapy, just writing out everything I’m feeling in response to what’s going on.

woman being filmed

The singer on set for ‘Dirty Nikes’ 2020. Image by Gabriel LN.

LUX: Do you have a good idea about who your fans and listeners are? Is there a single type?
Ruth B.: You know, I don’t think it’s one type of person, because at my shows it’s such a diverse mix of people. That’s like my favourite part, you have little kids and older people and different races and backgrounds. It’s really nice.

LUX: Do you have plans to direct movies or anything beyond pure music making?
Ruth B.: I’ve always been really interested in a lot of stuff. I love to read; I love to write. Eventually, one day, I would like to write a book. I don’t know what kind; it’s always been on my bucket list.

Read more: American artist Rashid Johnson on searching for autonomy

LUX: What kind of books do you like reading?
Ruth B.: Growing up, it was very much fantasy, magic, dragons. As I got older, I got to like mystery. I like poetry, that’s where my heart is now. It goes hand-in-hand with music.

LUX: What poets are you reading?
Ruth B.: I read a lot of Maya Angelou, I love Robert Frost. I also really love Pablo Neruda. I think for me it just helps with my song writing, and garnering inspiration for that. Poetry is really just music without melody, so it’s inspiring when I’m trying to write my own music.

LUX: Do you see yourself as a businesswoman? Is making money a goal or just what happens?
Ruth B.: As you get older you start to think more about business, and you get more on top of your stuff. It’s never been that important to me, but I have my friends and family who tell me I need to keep on top of that. So, as I’ve gotten older, I’ve tried to become more business oriented. In the end, though, the main priority is making music, and I’m happy to be where that can be my main focus, just creating art.

LUX: You came to prominence through Vine. How important is social media?
Ruth B.: It’s really important. And I say that mostly because I’m from a tiny little city in Canada that not a lot of people know about. It’s such a great tool just to get your voice out there in real quick time to spread the word fast. You know, ‘Lost Boy’ started off as a six-second Vine and if it weren’t for that, I wouldn’t be where I am today.

LUX: Has your use of social media changed?
Ruth B.: I’m not as active now as I once was. I don’t plan things out as I used to. In the beginning I would post a cover or some kind of lyric every day. It’s really important when you’re trying to get your foot out. Now I use it to tease music, when I’m about to put something out. Or I’ll tweet lyrics, and I won’t tell people that they’re lyrics, over a few months, and then the song will come out and people will say, “Oh, I remember when you tweeted this ages ago”.

Read more: Designer Ali Behnam-Bakhtiar on bringing dream worlds to life

LUX: I guess you’ve been at home in lockdown like the rest of us. What’s that been like?
Ruth B.: It’s been a challenge, for sure. There’s been some good things, spending time with friends and family. Returning to my roots, and being in my bedroom just writing and with my keyboard. I’ve been so lucky to work with different producers and writers all over the world, but now it’s back to the very beginning, in my room.

LUX: Outside of lockdown, what is a normal day for you?
Ruth B.: A normal day for me… I was living in New York and I would probably spend somewhere between nine and twelve hours in the studio, and then come home, eat dinner, go to bed. And it’s probably my favourite part about all this, being locked in to create music and getting to do that every day.

music studio

Ruth B. in the studio. Image by Marc Offenbach

LUX: You once said that you weren’t a big party person, but do you still feel like you have to be on the scene to keep up your image?
Ruth B.: Erm, no. I think you can be whoever you are, whoever you want to be. It’s easy, when you’re young, to get caught up in who you should be and what you should want to do, but I’m 25 now, and I have a good idea of who I am, and where I’m going… I’m still figuring it out, but I’m OK with being who I am, and with the fact that I don’t like to go out. I do, from time to time, but it’s not my thing, and that’s OK. There are people who are the same as you and who can be your clique or group. The older you get, the more you’re just like, “Hey, I’m me”.

LUX: Looking forward 10 or 15 years, what would you like to have done by then?
Ruth B.: I guess by then I just want to have made music that means something to me. With everything going on over the past few months, with ‘If I Have a Son’, it’s really inspired me to use my voice and my platform to do good, and to talk about things that actually matter. I just hope I will have done that in some sort of way, and stuck true to who I am. That’s the most important thing to me.

Read more: Get to know the marine biologist pioneering coral conservation

LUX: The reflective and spiritual nature of your songs remind me of Tracy Chapman.
Ruth B.: Well, thank you, that’s so kind. I love Tracy Chapman. That means a lot. I’m a very spiritual person, and very into what I love (which is music), and if people feel that, that’s always a really good feeling for me, so thank you.

LUX: How have you managed to stay grounded as your career has exploded?
Ruth B.: In the beginning it was a lot to handle, because you’re whisked away from home and it’s not like you can call up your friends like you used to. It’s a whole new life. For me the hardest thing was just feeling misunderstood, even by friends and family. You know, as much as they wanted to, they just couldn’t really understand what was going on in my life. They could be there and support me, but I couldn’t go to my best friend and say, “What do I do here?”, because she just didn’t get it. But I’m so thankful to them for keeping me grounded. I think it’s just about keeping those people close to you, and keeping those things the same, because it’s not easy staying yourself when the whole world is changing around you. I think if you make it a priority to not lose yourself in all of it, it’s doable.

LUX: You’ve said that you’re filming a video in your hometown soon. Why is that?
Ruth B.: Mainly because I’ve been isolating at home with my family. I didn’t go to New York when all this started, so I’ve just been in Alberta with my family. To be honest, I’ve always wanted to shoot something at home. I think it’ll be cool for people to see where I’m from and where a lot of these songs have come from.

LUX: How do you write a song? Does it come to you quickly, or does it take months?
Ruth B.: It’s become very abstract. When I started writing two years ago, there was a method to everything. I’d sit at the keyboard, and have a lyric, and I’d write around that. Now it’s all over the place, and I prefer it that way. I could be having a conversation with a friend, and something they say could stick out, and I grab my phone and write a note. Lately I’ve been into coming up with new melodies and writing around that. Life inspires me, really, so whatever feelings I’m feeling – happy, sad, mad, in love, heartbroken – that’s the main focus.

Find out more: ruthbofficial.com

This article features in the Autumn Issue, which will be published later this month.

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Reading time: 15 min
Man floating
Man floating with seagulls

darvish Fakhr photographed by Hugh Fox

British-Iranian, Canadian-born, American-raised artist darvish Fakhr’s multifaceted practice embraces dualities – light and dark, play and solemnity, movement and stillness – to create a unique sense of tension. Here, Maryam Eisler speaks to the artist about the meaning of his name, cultural heritage and seeking harmony
colour portrait of Maryam Eisler photographer and contributing LUX editor

Maryam Eisler

Maryam Eisler: darvish is a very telling name. Do you abide by the definition of your name?
darvish Fakhr: I never thought about abiding by it, but it was a name that was given to me by my parents, and it has always fascinated me. Growing up, my parents would have Darvish–related items in the house: the axe, and the hats, dolls. I was always curious about it.
[Note: A Darvish is a Sufi aspirant]

Follow LUX on Instagram: luxthemagazine

Maryam Eisler: As a child, growing up in the United States, did you know what a Darvish was?
darvish Fakhr: No. I lived on a ranch in Texas with an uncle for about four months. And he said it’s very interesting that your name is darvish “because you have elements of a Darvish in your personality.” I didn’t understand what he was referring to.

painting of a woman chasing a kite

“I gave her an octopus kite for her birthday. It never flew well,” 2020 by darvish Fakhr

Maryam Eisler: What were the personality traits your uncle was referring to?
darvish Fakhr: I don’t know. It was the first time I thought of my name as something other than a name to respond to. Before that, it was just a very unusual name. My American friends hadn’t heard of it. Even for Iranians, it was a surprise that darvish was my first name. I always loved how Iranians pronounced my name, in the way that it was meant to be pronounced, with the emphasis on the ‘e’ sound. I remember liking the sound of it because it had a very hard beginning and a very soft ending, and I felt that I had some of that in me. I’ve always had different gears in my personality.

Above: ‘Notes from the Balcony’ (filmed in Brighton, UK during lockdown)

Maryam Eisler: Do you think this idea of dichotomy in your personality also originates from a cultural dichotomy? You are half Persian, half English. You also spent 27 years of your early and young adult life in Boston, Massachusetts. I also see a multifaceted approach to your art. Whether it is in performance or in painting, you seem to live and be comfortable with these dualities.
darvish Fakhr: The dualities were confusing to me as a child. I never really felt that I belonged to any one thing. And then, because I grew up in Boston, during the 1979 – 1981 hostage crisis, there was a lot of resentment pointed in my direction. And I didn’t understand it. It was very confusing to me. Even my closest friend suddenly flipped on me. Stones were being thrown at my house. My teachers never sided with me either. I felt ostracised those years. And it culminated into a physical explosion which I remember so vividly, surrounded by these taunting kids. I went into this primordial bestial state that became a form of expression. A warning. And it made everyone back off. They had never seen that side of me. It was a very guttural reaction over what was happening to me.

man with feather

hand holding feather

Here and above: darvish Fakhr photographed by Maryam Eisler

Maryam Eisler: Was art your answer ?
darvish Fakhr: I needed somehow to come to terms with it, in a way that made sense to me. The only way to do it was through art. Art had a certain alchemy; it offered me the idea that I could take these different elements and turn them into something special. It felt like there was a secret there. And even though I grew up in America, I was fascinated with the Iranian culture. The mystical element of it. My grandmother would pray, and I would watch/be/sit with her. A ceremony in every way.

Read more: Three top gallerists on how the art world is changing

Maryam Eisler: When did you leave Iran?
darvish Fakhr: I never really lived in in Iran. I was born in Canada. And when I turned one, we moved to Boston. I also feel more American that British, even though my mother is English, by origin.

Maryam Eisler: Did you feel that duality in your family nucleus as well?
darvish Fakhr: Yes, my father was an engineer who became a stockbroker, and my mother was a playwright. I always grew up with these extremes in my life. It was the norm. We had a very open minded, somewhat eccentric household growing up. A lot was allowed that might not have been in another household. And I was an only child.

Man floating on a rug

Image by Hugh Fox

Maryam Eisler: At what stage in your life, did you decide to become an ‘artist’?
darvish Fakhr: It came as a result of a slow evolution of ideas, wondering who I was and where I fit in. I started off at Bradford College in Massachusetts and then Boulder Colorado. In Boulder, my mother suggested that I go to Italy for a summer. That’s when I really got into painting, in Tuscany. I then went to the School of Fine Arts in Boston, after which I decided that I wanted to move to Europe, and so I did my masters in London at the Slade.

Maryam Eisler: You personally experienced that antagonistic attitude towards being a ‘foreigner’ as a child all those years ago. Today, thirty or so years on, it would seem like not much has changed as we move towards more polarised societal and political spheres.
darvish Fakhr: It is a worrying state of affairs, but I have hope. I hope that deep down people know what the truth is, but it is the fear that keeps them from embracing the truth, fear of the unknown, fear of change. Deep down, I firmly believe that they know what the right thing is, but there are things that get in the way and muddle up their vision: media, propaganda, fake news. We don’t know what to believe anymore. I also have no doubt that there will be an awakening, but it will happen at a gradual pace. You need to have the darkness in order to see the light, and I am interested in that lightness.

Above: filmed in Venice Beach, Los Angeles

Maryam Eisler: Do you find that ‘ lightness’ in your art? Does your art offer you a sanctuary, a state of calm? Or even a state of possibilities?
darvish Fakhr: I don’t really know where the art begins for me. It just is. Every day. I am more interested in a way of being than making art for a gallery show. I like the idea that there is an overlap. Art, to me, becomes a way of life, a way of believing, a philosophy that manifests itself whether you are painting a picture, or flying on a zip line. And the quality that I am interested in is this lightness, enjoyable and fun.

abstract painting

“He remembers his grandmother mostly for her egg hunts,” 2019 by darvish Fakhr

Maryam Eisler: You paint by memory. Please explain.
darvish Fakhr: That’s right. The lack of information in a memory is what interests me, rather than its high resolution. When I was younger I had a car accident, and I was hit hard on the head. My recording isn’t very good as a result, but I am interested in how I choose to remember things and all the other stuff that’s not included in that memory. Memories are always changing, depending on what your circumstances are in any given moment. It’s this idea of ephemerality in art that interests me. Something that is fleeting, something that is flying through space. Dissipation, or evaporation somehow. Contrasting ideas and concepts.

Maryam Eisler: I also see that in your performances… when you ride the invisible, ephemeral musical wave.
darvish Fakhr: Yes. You can’t control the waves but you can learn how to surf. I like that notion of surfing through your existence. When I do these movements, I often do them in public spaces because I like to feel everything that is around me. And I use that energy to shape what I am working on.

Maryam Eisler: I have noticed your hands shaping the invisible when you perform.
darvish Fakhr: I really feel what is around me. I like to be receptive to it. Some people get the misconception that I am in my own world, but actually, I am very present. I let the music dictate my moves. What I like to do is move in a way that feels natural to me. I also like to do it in public, as I enjoy the stirring up of something that I call ‘gentle civic disruption’. When I am moving, the first thing they want to know is “is he a threat?” When they can see that I am not a threat, then they somehow accept it, or maybe ignore it politely. Or alternatively, they are fascinated by it. Something that is unorthodox. I am okay with all of that. But the notion of surfing is a big part of what I do. I try not to premeditate. Nothing is choreographed. I like to do that with my painting too. What a lot of people don’t realise is that there are a lot of paintings underneath those paintings. I am fascinated by this notion of palimpsest. Where we have stories over stories over stories, but nothing gets suffocated. It is all coming through at some level, and I learned that from Iran, from the walls of Iran.

Read more: Fish&Pips co-founder Holly Chandler on the future of travel

Maryam Eisler: What you are describing to me is human history. Personal stories and bigger histories. Is it not?
darvish Fakhr: Yes. But there was something about Iran that was so ostensible. It was on the walls, and even the road signs were changing. They would bleed through. The community would cover up bits here and there, but the paint would crack and there was something underneath. Something of the past.

Man floating

darvish Fakhr is currently collaborating with photographer Hugh Fox on a show entitled ‘Lightness of Being’. Image by Hugh Fox

Maryam Eisler: Where do you find your current inspiration?
darvish Fakhr: At the moment I am excited to be working with photographer Hugh Fox. We are creating a body of work for an upcoming show called Lightness of Being. We hope to show his photographs alongside my paintings along with video and performance pieces. Hugh and I have been working together for about 5 years and when we get together it’s always fun and spontaneous…we just start with a loose idea and then see what happens. The idea could be something as simple as “water” or “corners”.

We do maybe 5% of what the body is capable of doing every day. But, there is so much space there. And the body loves it. I am doing this because I know my body loves it too. And I was starting to break down when I was just painting. I was repeating myself, and I was losing my range of motion. That is when I pulled back. And I stopped painting for a little while. And I have just been working with this notion of fluidity and studying how much is part of who we are as human beings. We are 70% water. We come from water, and then we come into this world. The ageing process is this sort of drying out that happens. I am interested in containing that fluidity and applying it to my art. So that it allows more room for expression. The body ebbs and flows as we inhale and exhale. It is about living it rather than knowing it.

Maryam Eisler: Finally, do you feel that, at this stage of life, consciousness and experience, you now deserve your name?
darvish Fakhr: [laughs] I don’t know. A real ‘Darvish’ goes through a lot of formal training. They study with a master. I wouldn’t say that I can / understand what they understand on that level. I am just doing it my way.

Maryam Eisler: Maybe life has been your master?
darvish Fakhr: That is a nice idea. If it is, then I am still very much a student. My hope is that through my art, the world will see that by borrowing from different cultures, you can create something more special, more unique. I am more about celebrating these differences and combining them into something that can be possibly more harmonious.

Explore darvish Fakhr’s work: darvish.com
Follow on Instagram: @darvish.studio

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Reading time: 11 min
Render of birdseye view of a harbour from the top of a building
Luxurious estate home in the Italian countryside

Italy retains its place as one of the most desirable second home destinations in the world, says Andrew Hay. This property, Le Bandite is located in Umbria with easy access to Rome

Portrait of a man in a suit

Lord Andrew Hay

Lord Andrew Hay is Global Head of Residential at Knight Frank, the international real estate consultancy, and has built up property portfolios for some of the wealthiest people in the world. In a new regular column, he is handed a theoretical sum of money by LUX and asked how he would invest it. We kick off by handing Lord Hay £100m and requesting a global residential property investment portfolio

When LUX’s Editor-in-Chief generously offered me the opportunity to “invest” £100m into property, I was unsurprisingly delighted to accept. I have had free rein on where and what I buy, but have decided to invest with both my head and my heart. The reason being – I want to enjoy the properties I purchase but also have a clear focus on investment returns.

With this in mind, I have divided my allocation into equal thirds, between high-end luxury residential property, residential investments with a focus on capital growth and rental returns and investment into student property and senior living. The final 10% I would invest into an agricultural portfolio.

Follow LUX on Instagram: the.official.lux.magazine

I have to start in London. Often the best investment strategy involves an understanding of which markets are the least fashionable at the moment – and with Brexit and tax hikes London has been underperforming in recent years.

With few London neighbourhoods having a global brand as strong as Chelsea’s, I firmly believe that Chelsea is the perfect example of an area that has been underperforming and which is now ripe for reassessment.

Prices here have fallen 20% since late 2014, compared with a 12% fall across the wider prime London market. While new-build property in this category achieves a premium, established property trades at between £1,200 and £1,800 per sq ft. With many properties now edging below £1,000 per sq ft, Chelsea is back in the spotlight and cheaper than some less central and glamorous neighbourhoods.

Luxury interiors of a stately home

Interiors of a luxurious villa residence overlooking Lake Como

Yes, the area still lacks the connectivity of other prime neighbourhoods. However, with easy access to the river, unrivalled shopping on the King’s Road and Fulham Road and some of London’s best schools within walking distance – including the Lycée Charles de Gaulle and the London Oratory School – and the promise (or maybe hope) of a station on the future Crossrail 2 underground railway, Chelsea is set for rediscovery.

The next place I would invest is the other side of the world: New Zealand. New flights and rapidly increasing connectivity to Asia means the country is increasingly becoming a go-to destination. Auckland is the logical entry point and investment destination. One location in particular stands out to me – home to the 2021 America’s Cup, Wynyard Quarter is changing fast. Over the past decade, this waterfront precinct, once the heart of Auckland’s marine and petrochemical industries, has emerged as a major hub for national and international corporates, including Fonterra, Datacom, Microsoft and ASB Bank, as well as for the city’s innovation and co-working scenes.

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Staying in Australasia, I have to include Sydney in my portfolio – a market that has seen a huge growth in investment over the past two decades from around the world. The city may be remote, but education has been a driving force in attracting Chinese purchasers. The one location I would target is One Barangaroo – Crown’s new development. One Barangaroo is one of the most beautiful developments in the world currently being built and is achieving record prices on the shores of Sydney Harbour overlooking the bridge and the Opera House. It has brought a new global standard of facilities and services to the city.

Luxurious interiors of a penthouse apartment

New York design firm Meyer Davis have crafted designed the interior layouts of residences at One Bangaroo

Render of birdseye view of a harbour from the top of a building

View down to the harbour from One Barangaroo, the latest residential development in Sydney

In Europe, Italy retains its place as one of the most desirable second home destinations in the world. The new flat tax initiative however has cast the country in a new light as a potential permanent base for the world’s wealthy. Italy is certainly worth a closer look. Property prices in many Italian prime markets declined 40% in peak-to-trough terms following the financial crisis, interest rates remain at record lows and the country is better connected than ever before.

In the US, the West Coast is of especial interest to me, the combination of lifestyle and economic dynamism here is unparalleled anywhere else in the world. One area which appeals to me is Pasadena. Home to the Rose Bowl stadium, NASA’s Jet Propulsion Laboratory and the California Institute of Technology, Pasadena offers an attractive combination of relative value compared with neighbouring communities in Beverly Hills and West Hollywood, and the desirable lifestyle and privacy that residents of Los Angeles seek. The neighbourhood is easily accessible, with a light rail line that puts it within 15-20 minutes of Downtown Los Angeles.

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In terms of growth areas I would point to student accommodation and retirement. Student in particular is counter cyclical (i.e. typically more students in a recession). Participation in tertiary education globally is increasing – OECD predict 8 million internationally mobile students by 2025 (up from 5m today). Markets remain structurally undersupplied. In terms of where Sydney looks good it has a big student population and low pipeline due to shortage of development land. In terms of development, I like big European cities like Barcelona, Lisbon and Paris. European markets comprise with very little existing organised supply. Europe is new front for portfolio development, scale building and brand.

At the opposite end of the age scale is senior living where the market is undergoing rapid growth, underpinned by demographic shifts that are increasing demand for a wider array of specialist housing to suit the changing needs of older purchasers. London and the South East, Bristol and Edinburgh are key UK senior living markets. Globally, America, Canada and Australia are at the forefront of investment.

Finally I would invest in farmland. Choosing where to invest in agricultural land depends very much on your appetite for risk but the world faces both a water shortage and food shortage by 2040 and 2050 respectively and therefore, investors looking at long-term food security are well advised to invest in agricultural land. With the world’s fastest growing population, Africa offers some very exciting opportunities. Zambia, for example, provides a good balance of relative political stability and established infrastructure. The Asia-pacific region is seeing a huge growth in wealth and rain-fed farms on the east coast of Australia are well placed to take advantage of this market.

And, that’s my £100m invested.

Find out more: knightfrank.co.uk

Knight Frank’ Wealth Report directs ultra-high-net-worth individuals on where to invest in property and reflect $3 trillion of private client investment into real estate annually. The countries that have been most robust and performed best over the last decade have been those where there is a steady political and economic situation as well as transparent rule of law, high quality living and first class education. The above portfolio choice reflects this.

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