Trusted Joint Venture Partnerships
As the Group operations are outsourced, joint ventures have been a crucial part of the Group’s evolution.
The Group is proud of all the partnerships both on the investment and development side that the Group has enjoyed over the years. Partnerships are all about the people and the Group would happily consider working alongside like-minded people who understand and respect what we do.
In August 2009 Laura Montgomery and Julian Carey formed C2 Capital Ltd. to provide commercial real estate underwriting and investment opportunities including investment funds. The Group backed and invested in two commercial property underwriting funds in 2010 and 2012. The two funds have invested £50m worth of assets. C2 Capital was acquired by Stenprop in 2017.
Multi-let Industrial Fund
The Group invested in Industrials, a C2 Capital joint venture with Morgan Stanley Real Estate Investing, in January 2015. The fund acquired 25 high quality multi-let industrial estates across the UK and was sold to Stenprop Limited for £127m in 2017.
Southern Residential Limited
The Group joined forces with Southern Residential to launch this fund in 2008 with the objective of building up a portfolio of good quality regulated tenancies in the South East of England. The fund continues to invest in regulated tenancies at attractive discounts producing a solid return and the Group continues to believe that regulated tenancy investment should form part of the portfolio.
The Group outsources the property and asset management roles and has been fortunate to enjoy a long and productive working relationship with Greenwood and Co carrying out the residential asset management since 1996. The Group also highly values its pivotal relationship with STR Capital Partners LLP who look after the commercial asset management and provide investment opportunities in line with the Group’s investment strategy.