UK Commercial Developers - A-Z Profiles ABA Abacus Developments Ltd Abbeygate Developments 40 Bernard Street, London WC1N 1LG Blackfriars House, 379 South Row, Milton Keynes MK9 2PN Tel: 020 7833 3322 Fax: 020 7837 3112 Tel: 01908 230911 Fax: 01908 230931 Email:
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[email protected] Web: www.sir-robert-mcalpine.co.uk Contacts Contacts Clive Faine (Managing Director) Adrian McAlpine (Chairman) David Gwynne (Director) Peter Sanders (Director) Andrew Bolt (Director) Comment Financial Much of Abbeygate’s development has centred on Milton Keynes since Faine bought out the business with fellow director David Year Ending Oct 2006 Oct 2005 Oct 2004 Gwynne in 1988. It has invested more than £250m in the town and Turnover £2.43m £5.14m n/a has another scheme in the pipeline that will take that figure past Pre-Tax Profit £3.9m £1.06m £-0.14m £350m. Net Worth £-8.18m £-11.9m £-13.1m It has a rolling development programme of £250m to £300m. Most Total Assets £10.5m £12.3m £10.8m of developments are traded, although Abbeygate retains about Primary Sector: Business Park £40m to £50m of its portfolio. (06/07) Comment Abacus Developments, the property arm of Sir Robert McAlpine Group, is a property investment and development company with involvement in many business parks, retail schemes, office Abbeygate Properties Ltd developments, industrial and warehouse schemes throughout the UK. Many of its recent projects have been undertaken in joint Abbeygate House, St Andrews Street South venture, with companies such as Ravenbourne Securities and Bury St Edmunds, Suffolk IP33 3PH Oakham Developments.