Development

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UK & Ireland – Land & Planning Gain Co-Investment

Address

UK & Ireland

 

Price

£25m

 

Date purchased

April 2018

 

Summary

Investment made into a strategic land & planning fund. The fund will focus on acquiring both brownfield and greenfield sites and adding value through planning for affordably priced residential housing and student accommodation.

 

Current status

5 year hold period

7 – 12 Leinster Square, London, W2

Address

7 – 12 Leinster Square, London W2

 

Price

£20m

 

Date purchased

September 2012

 

Summary

6 adjoining Georgian buildings consisting of 31,500 sq ft in a garden square currently vacant with hotel use. Planning permission obtained to convert the building into 11 luxury apartments with a GDV of over £60m. Joint venture with a UK based developer.

 

Equity raised by JR Capital

£22m

 

Current status

Completed Q3 2016

14 – 16 Westbourne Grove, London, W2

Address

14 – 16 Westbourne Grove, London W2

 

Price

£19.1m

 

Date purchased

June 2012

 

Summary

1980’s building consisting of 35,000 sq ft of offices and retail. Planning permission obtained to convert the building into 20 luxury apartments above ground floor commercial with 12 underground car parking spaces with a GDV of over £60m. Joint venture with a UK based developer.

 

Equity raised by JR Capital

£21m

 

Current status

Completed Q4 2015

Goodman’s Fields, Aldgate, E1

Address

Goodman’s Fields, London, E1

 

Price

£22.5m

 

Date purchased

March 2014

 

Tenant

24 residential flats secured off plan from Berkeley Homes with a 3 year completion at an average of £950 per sq ft. Located a short walk from the City on the edge of Zone 1. To be sold pre practical completion or to be held as a long term investment.

 

Current status

Completed Q2 2017

55 Ebury Street, SW1

Address

55 Ebury Street, London, SW1

 

Price

£21.1m

 

Date purchased

December 2013

 

Tenant

9 residential flats secured off plan from a developer with a 1 year completion. Located on the border of Belgravia and Victoria, purchased for circa £1,800 per sq ft. To be held as a long term investment.

 

Current status

Under Management

Smithfield Square

Smithfield Square, Hornsey, London, N8

 

Address

Smithfield Square, Hornsey, London, N8

 

Price

£15m

 

Date purchased

April 2015

 

Summary

40 Off-plan flats with 2 year completion. On the border of zone 2 and zone 3 in a well established area of north London.

 

Current status

Completed Q2 2018 – 50% sold & 50% held for investment

crampton-street

Crampton Street, Elephant and Castle, London SW17

Address

Crampton Street, Elephant and Castle, London, SW17

 

Price

£12m

 

Date purchased

September 2006

 

Summary

49 apartments purchased off plan from a developer. Apartments sold pre practical completion.

 

Current status

Exited September 2007

The Boardwalk/Kew Reach, Brentford High Street, Brentford, TW8

Address

The Boardwalk/Kew Reach, Brentford High Street, Brentford, TW8

 

Price

£7.5m

 

Date purchased

April 2014

 

Tenant

10 residential flats fronting the River Thames purchased off plan from a developer at circa £550 per sq ft with a 12 month completion. 50% of portfolio sold pre practical completion and 50% held as a long term investment.

 

Current status

Under Management

strutton_Ground2

16 – 20 Strutton Ground, Victoria, London, SW1

Address

16 – 20 Strutton Ground, Victoria, London SW1

 

Price

£4.25m

 

Date purchased

June 2007

 

Summary

11,000 sq ft office building with ground floor commercial. Planning consent obtained to convert offices into 9 apartments. Joint venture with a UK based developer.

 

Current status

Exited June 2010

St_Georges_square2

7 – 9 Georges Square, Pimlico, London, SW1

Address

7 – 9 St Georges Square, Pimlico, London SW1

 

Price

£4m

 

Date purchased

April 2006

 

Summary

Two adjoining six storey Thomas Cubitt designed buildings in a garden square consisting of circa 8,000 sq ft and used as offices. Planning consent granted to convert into 8 lateral residential apartments. Sold with the benefit of planning permission. Joint venture with a UK based developer.

 

Current status

Exited December 2006

Upper_thatch

12 – 22 Upper Tachbrook Street, Pimlico, London, SW1

Address

12 – 22 Upper Tachbrook Street, Pimlico, London SW1

 

Price

£2 .4m

 

Date purchased

July 2006

 

Summary

Mixed Use residential and commercial building consisting of 4 residential apartments and ground floor commercial. Apartments refurbished and commercial unit sold to owner occupier. Joint venture with a UK based developer.

 

Current status

Exited October 2007