• The Land Rover Defender Works V8 Trophy is based on an old vehicle, but it's ready for the rough stuff. All photos Nick Dimbleby
    The Land Rover Defender Works V8 Trophy is based on an old vehicle, but it's ready for the rough stuff. All photos Nick Dimbleby
  • The classic Defender exterior has inspired the design of many an off-road vehicle since it was first unveiled.
    The classic Defender exterior has inspired the design of many an off-road vehicle since it was first unveiled.
  • The new badge, complete with obligatory mud spattering.
    The new badge, complete with obligatory mud spattering.
  • The Works V8 Trophy shows it is no slouch in the speed department.
    The Works V8 Trophy shows it is no slouch in the speed department.
  • The colour of the Works V8 Trophy is Eastnor Yellow, a hue named after the stately home where driving experiences take place.
    The colour of the Works V8 Trophy is Eastnor Yellow, a hue named after the stately home where driving experiences take place.
  • Inside the Works V8 Trophy.
    Inside the Works V8 Trophy.
  • Traversing the estate at Eastnor Castle.
    Traversing the estate at Eastnor Castle.
  • There are two body designs available, termed 90 and 110.
    There are two body designs available, termed 90 and 110.
  • The bespoke dashboard clock comes courtesy of Elliot Brown.
    The bespoke dashboard clock comes courtesy of Elliot Brown.
  • It's good on tarmac, too.
    It's good on tarmac, too.
  • The current Defender sits alongside its classic team mate.
    The current Defender sits alongside its classic team mate.
  • That's no place to send a Chevrolet Spark.
    That's no place to send a Chevrolet Spark.

Limited-edition Land Rover Defender: What to expect from the Works V8 Trophy


Simon Wilgress-Pipe
  • English
  • Arabic

Fans of off-road motoring classics will be happy to hear that Land Rover is making a special-edition Defender: the Works V8 Trophy.

Don’t let that ‘classic’ description put you off, though, as the manufacturer says this latest version is being built to tackle the most demanding endurance challenges.

Based on the last generation of the Defender before the model was temporarily shelved in 2016, the new offering will be fitted out with a five-litre engine (a V8, of course, as its name would suggest) and an eight-speed transmission. Its steering and braking capabilities have been significantly upgraded since its original appearance, and it will be fitted with 16-inch wheels.

Additional all-terrain kit on the Works V8 Trophy includes a front winch, a multi-point expedition cage, a roof rack, underbody protection, an A-bar, LED lights and mud-terrain tyres.

The cars will be finished in a yellow hue many will recognise from previous Defenders, with contrasting black flashes on the wheel arches, bonnet and rear door.

Inside, features include black leather upholstery, Recaro seats with yellow stitching and a bespoke-for-the-brand clock placed prominently on the dashboard. Land Rover Classic’s own infotainment system with integrated navigation and mobile device connectivity will also come as standard.

All very tempting, but the bad news for anyone who fancies seeing one in real life is that only 25 of the vehicles are being made.

Subject to Covid-19 restrictions, those who do get their orders in will be invited to take part in an event at Eastnor Castle, a stately home situated near England’s land border with Wales (this is a venue where customers could try out modern-day Defenders at experience days in pre-pandemic times).

Expert one-to-one tuition will be provided as part of the Works V8 Trophy adventure, giving customers an opportunity to learn techniques and develop skills in their own vehicle, before putting their training to the test.

Pricing for the Works V8 Trophy starts at £195,000 ($270,000).

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

SPECS
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