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David Maule-Ffinch is a
Phoenix-based businessman and owner of Pensus Holdings, a Phoenix based
investment firm founded in 1983.
Born in the United
Kingdom on May 13th 1949 he was educated in private schools
and obtained a Business Degree (Estate Management, Real Estate Law,
Accounting, Statistics, Architecture, City Planning and Structural
Engineering) from Wilcott (an affiliate of The University of Reading).
He is a member of The Royal Institute of Chartered Surveyors (ARICS),
which is designated as the highest Real Estate qualification in the UK,
requiring three years of University and two years of professional
apprenticeship.
Business Background
Mr. Maule-Ffinch has extensive experience in business, finance,
privatization and development in Europe and The United States.
In
1970 Mr. Maule-Ffinch co-founded Capital Radio in London which, when it
went on the air in 1973, was the first company to broadcast commercially
in England. Capital Radio is now the largest commercial radio broadcast
company in the UK and publicly traded on the London Stock Exchange.
Capital Radio owns the two largest commercial radio stations in London
with a broadcasting footprint encompassing over 10 million people.
Capital Radio also owns stations in other major UK cities and collects
23% of all radio ad-spend in the UK.
Mr.
Maule-Ffinch was a member of the board of Capital Radio and its largest
stockholder until 1994, when he sold his interest (24% of outstanding
shares) to Information et Publicite, a subsidiary of Havas, the French
media conglomerate.
In
1973 Mr. Maule-Ffinch structured the sale of The Manhattan Center in
Brussels to MEPC and Rothschild European Fund. MEPC is Britain’s largest
Property Company. The sale at Sterling 12.5 Million was the largest
transaction ever completed in Europe by a British Agent at that time
($160 Million of approximate value today).
Mr.
Maule-Ffinch has worked in Germany, Belgium and France doing Sales,
Acquisitions and Development.
Mr.
Maule-Ffinch acted as valuation consultant for Cork Gully after the
economic collapse in 1974.
In
October 1976 David Maule-Ffinch immigrated to The United States. Since
that time he has been involved with many businesses:
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1976 to 1978 - C.W. Jackson Co’s - Tempe, AZ. – A developer of
industrial and office properties.
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1978 to 1984 - Gosnell Development Co - Phoenix, AZ. - Executed
major land accumulations for the Pointe Resort Projects and oversaw
all Office and Industrial Development and Leasing. Mr. Maule-Ffinch
was involved in all phases of the Company’s operations including
resort management, marketing and conceptualization.
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1984 to 1991 - Mr. Maule-Ffinch co-founded and operated Anchor
National Real Estate Group which in 1987 held an investment
portfolio of in excess of $200 Million. Major landmark land
accumulations and zonings included The Portales, a high profile
project immediately abutting Scottsdale Fashion Square.
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1985 to 1987 - Mr. Maule-Ffinch was a Board Member, Loan Committee
Member and Stockholder of First Business Bank of Arizona, a start-up
bank that was sold in 1987 to Caliber Bank.
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1987 to 1991 - Mr. Maule-Ffinch acquired a controlling interest in
Capital Radio through a series of share purchases. He was active on
the board including its restructure and direction. He commuted to
The UK on a monthly basis from 1988 to 1993.
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1993 - Mr. Maule-Ffinch created Pleasant Harbor Marina LLC which
acquired the License Rights and Developed Pleasant Harbor Marina - at
a cost of
$15 Million project on the newly enlarged Lake Pleasant (located 30
miles to the north west of Phoenix). Pleasant Harbor Marina is
acknowledged by the industry as a landmark project.
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1996 - Mr. Maule-Ffinch created Park Central LLC which acquired Park
Central Mall for $28.8 Million. Park Central is the first regional
mall constructed in Phoenix. It comprises 46 acres and 721,000
square feet of built space strategically located in the Uptown area
fronting on Central Avenue. In excess of $50 Million was
subsequently invested to refurbish and re-tenant the project. An
additional $800 Million of retail, office and residential
development is planned for the site.
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1997 - Mr. Maule-Ffinch created Roosevelt Lake Marina LLC which
purchased the rights to build a new marina on Lake Roosevelt
(located 50 miles to the north east of Phoenix). Lake Roosevelt is
the largest lake serving the Phoenix Metro area. The project is
licensed by The Tonto National Forest Service and construction
started in 2000. Total Marina Investment will be $14 Million. Total
cost including hotel and ancillary amenities will be approximately $30 million.
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2001 - Mr. Maule-Ffinch created Antelope Point Holdings which was
selected by the National Parks Service and The Navajo Nation to
build and operate a new Resort and Marina on an 800 acre site at
Antelope Point on Lake Powell. Total development costs will be approximately $70 million.
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2000 - Mr. Maule-Ffinch purchases Golfstar America, a company that
has, over the years, developed a market viable GPS Course
Management and Distance Measuring System for deployment to the Golf
Course Industry. Mr. Maule-Ffinch is the Managing Owner and partner
with Fuzzy Zoeller.
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Additional projects and investments include:
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Residential and Commercial Development in Kiev, Ukraine
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Residential Development in The UK
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Golf Hospitality by way of a major contract with the Trustees of
The St Andrews Old Course in Scotland
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Advertising and sport related businesses
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