Property Investor Profiles GLE
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Property Investor Profiles GLE GLE Properties Ltd Glenstone Property Plc New City Court, 20 St Thomas Street, London SE1 9RS St John's House, East Street, Leicester LE1 6NB Tel: 020 7089 2320 Fax: 020 7089 2321 Tel: 0116 255 3277 Fax: 0116 254 0965 Email: [email protected] Email: [email protected] Web: www.gle.co.uk/properties/ Web: www.glenstoneproperty.co.uk Contacts Contacts Chris Rushton (Managing Director) Duncan Kennedy (Managing Director) Steven Wright (Associate Director) Comment Diana Griffin (Senior Property Manager) Glenstone Property Plc specialises in market town investments and Comment development throughout the United Kingdom. GLE Properties is the part of the GLE Group that concentrates on managing and developing commercial accommodation for small 11/08 - Glenstone Property listed on the Channel Island Stock business. Exchange in preparation for conversion to a REIT early 2009.Led by managing director Duncan Kennedy, Glenstone plans to convert GLE Properties operates through two main subsidiary companies to a REIT to take advantage of the downturn and buy privately each specialising in a particular area of property work, GLE owned property investment companies. Properties Ltd and GLE Property Developments Ltd. Glenstone has assets of around £90m and gearing of around 30%. Its existing portfolio comprises mainly high street shops in the UK. Owning and managing a commercial portfolio of c.350,000 sq ft, Year Ending Jan 2008 Jan 2007 Jan 2006 GLE Properties provides quality space for over 230 growing Turnover £6.91m £12.7m £10.5m businesses. Pre-Tax Profit £4.4m £6.01m £6.03m Year Ending Mar 2007 Mar 2006 Mar 2005 Net Worth £81.6m £84.2m £78.1m Turnover £2.61m £3.35m £2.9m Total Assets £108m £96.1m £92.1m Pre-Tax Profit £0.19m £1.39m £1.9m Net Worth £33.2m £29.9m £25.8m GMS Estates Ltd Total Assets £46.9m £41.8m £44.6m 32 Great James Street, London WC1N 3HB Tel: 020 7831 8041 Fax: 020 7405 1629 Glebe Holdings Ltd Email: [initials]@gms-estates.co.uk 63a South Audley Street, London W1K 2QS Web: www.gms-estates.co.uk Tel: 020 7409 3740 Fax: 020 7409 3750 Contacts Email: [email protected] Thomas Gibbon (Managing Director) Web: www.glebe.com Comment Contacts The Group is continuing its policy of long term investment in David Phillips (Chairman) property by acquisition and by investment in the existing portfolio. Richard Goodman (Director) The portfolio remains a mix of properties in the Office, Retail, Steven Wood (Director) Industrial and Residential sectors. There is a concentration of investment in Central London and the Home Counties. Although Comment the majority of property is selected for its opportunities of rental Glebe is a commercial and residential property company, founded growth, others are selected for reversionary growth or in 2004 by David Phillips, former main Board Director of Chelsfield redevelopment potential. The Group continues to seek Plc. opportunities for further investment and development within the existing portfolio in order to enhance rental growth. (10/08) 10/08 - Glebe Holdings sold Claridge House, 28-36 Davies Street, W1 for £15.75m to Stow Capital Partners – an equivalent yield of 04/08 - GMS Estates paid £5m for 22 Dukes Road, London WC1 - close to 6%. Glebe also sold its 46,765 sq ft building, Atlantic a 6.33% initial yield. House, in Hounslow, for £6.5m to Staines Development. Year Ending Mar 2008 Mar 2007 Mar 2006 Year Ending Dec 2007 Dec 2006 Dec 2005 Turnover £15.7m £14.6m £14.6m Turnover £35.6m £34.3m £16.3m Pre-Tax Profit £17.2m £12.2m £35.8m Pre-Tax Profit £0.43m £7.17m £-1.69m Net Worth £125m £116m £112m Net Worth £3.5m £2.7m £-1.34m Total Assets £134m £133m £122m Total Assets £71.5m £73.6m £95.3m Golden Squares Ltd Glenmore Group Ltd 40 Union Terrace, Aberdeen AB10 1NP 52 Queen Anne Street, London W1G 8HL Tel: 01224 626120 Fax: 01224 626130 Tel: 020 7935 0100 Fax: 020 7935 7787 Email: [email protected] Email: [email protected] Web: www.golden-squares.eu Web: www.glenmore-group.co.uk Contacts Contacts James Little (Chief Executive) Stanley Cohen (Chairman) Jake Little (Director) Daniel Rubin (Director) Comment Comment Golden-Squares Limited is a property investment and development The Glenmore Group is a privately owned group of property company specializing in city centre mixed use schemes in the UK companies with a growing portfolio of investment and development and in strategic property investment in Poland through a dedicated projects. subsidiary 06/08 - Golden Squares paid Thistle Property Group £1.65m for 39 Palmerston Place, Edinburgh. The period townhouse is vacant and extends to a net internal area of approximately 643.18 sq m (6,923 sq ft). The UK Property Investors Directory - 2009 Edition Section 2 - 75 GOL Property Investor Profiles Goldtique Group Goold Estates Ltd 111-113 Great Portland Street, London W1W 6QQ Fairground Way, Corporation Street West, Walsall WS1 4NU Tel: 020 7436 8240 Fax: 020 7636 3591 Tel: 01922 613131 Fax: 01922 724460 Email: [email protected] Email: [email protected] Contacts Web: www.gooldestates.com Grahame Roth (Director) Contacts Tom Dixon (Director) Dominic Goold (Managing Director) Comment Roberto Hitta (Property Manager) Goldtique has spent £80m in the last 8 months and is actively Comment looking to spend more - lot sizes £10m+. (02/08) 01/09 - Goold Estates acquired the 40,000 sq ft Black Country House office scheme on Rounds Road, Oldbury for £1.5m from 02/08 - Goldtique, in a JV with Liverpool Victoria, paid £33m for the Nottinghamshire county council and plans to refurbish the building Vista portfolio - which comprised 10 industrial estates across the in coming months. UK totalling 800,000 sq ft. 01/09 - Harlow Consortium, whose main investors are Goldtique Gordon Moon Properties and LV bought a 267,270 sq ft shed in Harlow’s Pinnacles West Knowsley House, Knowsley Street, Bolton, Lancashire BL1 2AH industrial area from Standard Life Investments ifor £20.9m - Tel: 01204 363541 Fax: 01204 363694 reflecting a net initial yield of 7.75%. The unit is let to Tesco on a Email: [email protected] long lease. Web: www.gordonmoonproperties.com Good Harvest Group Ltd Contacts Nigel Moon (Director) Fund Manager: Leighton Goldhill Comment 15 Bruton Place, London W1J 6LU Founded by Gordon Moon in 1962 the business has evolved over Tel: 020 7529 5544 Fax: 020 7493 0555 the years to become one of the main property investment Email: [email protected] businesses in the area. Web: www.goodharvest.co.uk Contacts The business is involved with Town Centre retail investment and development, office investment and development, industrial Ivor French (Senior Partner) investment, residential investment and Agricultural investment David Coleman (Partner) throughout Lancashire, Cumbria, and Yorkshire areas. Comment Good Harvest Group Limited is based in London. The Group is Gracemark Investments Ltd financed by the shareholders both from the United Kingdom and Jersey. The Group is run by one of the senior partners of H W 44 Welbeck Street, London W1G 8DY Fisher & Co, a firm of central London chartered accountants Tel: 020 7486 3459 Fax: 020 7486 3448 currently comprising 29 partners and 300 staff. Email: [email protected] Web: www.gracemark.com Property advice is provided by Leighton Goldhill Chartered Surveyors Contacts Anthony Pell (Managing Director) REQUIREMENTS: Richard Colt (Investment Director) The company is looking to acquire good quality offices and Comment industrials in the south east, let, part-let or vacant. GraceMark is a real estate company which refurbishes, develops 03/08 - Good Harvest bought the BSS Building in Chessington for and asset manages commercial properties throughout Central £2.475m - reflecting a 6.8% yield. London. 09/08 - Gracemark and GE Real Estate sold the long leasehold to Fund 80 Pall Mall, SW1, for £44m – a 5.45% initial yield - to IVG. Goodman UK Active Property Fund Plc 02/08 - Gracemark and GE Real Estate sold 14 Tothill Street, SW1 Fund Manager: Aberdeen Property Investors to Realis for £57.8m. 123 St Vincent Street, Glasgow G2 5EA Tel: 0141 306 7837 Fax: 0141 566 4353 Grafton Advisors LLP Email: [email protected] Medici Court, 67-69 New Bond Street, London W1S 1DF Web: www.aberdeenpropertyinvestors.com Tel: 020 7518 8000 Fax: 020 7518 8001 Contacts Email: [email protected] Rod Ross (Director Fund Management) Web: www.graftonadvisorsllp.co.uk Comment Contacts The Goodman UK Active Property Fund (formerly Arlington UK Nigel Kempner (Chairman) Balanced Property Fund) aims to deliver stable and secure high- income returns by investing in the commercial property market in Paul Connellan (Partner) the United Kingdom. Investors also have the potential for growth in Chris Cope (Partner) the capital value of their investment. Comment As at 30 September 2008, the Fund was valued at over £90.12m. Grafton has a contract as Property Adviser on £700m of West End The yield on the portfolio was approximately 8%. property through WELPUT as well as three individual property development/asset management contracts with GE Real Estate. Grafton also has a JV with ICAP to research and trade property derivatives. Section 2 - 76 The UK Property Investors Directory - 2009 Edition UK Buyers Index (2007 - 2008) Office - Central London Office - Central London Office - Central London City Parochial Foundation 1 £8m KanAm Grundinvest Fonds 1 £406m Standard Life 2 £110m City Site Estates 1 £40m Kier Property 1 £17m Stow Securities Plc 2 £28m Clerical