Landmark Investments clears £185m in deals
Landmark Investments announced it has placed £185m of ground rent deals into lawyers hands, including its largest ground rent deal of the year being in excess of £70m, to financial year ended 30 September 2016.
Established in 2000, the Bolton-based group’s main area of activity is the acquisition and management ground rents. Both commercial and residential.
The activity covers Landmark’s own growing portfolio as well as deals for a number of retained clients. We estimate the deal haul covers in excess of £7bn worth of land and property.
Landmark Investments own portfolio has now surpassed £35m, up from £25m at the last financial year end and is expected to clear £50m in the next twelve months.
Big opportunities for Landmark Investments
Mark Hawthorn, managing director, Landmark Investments said:
“The past twelve months has seen Landmark Investments continue to grow and lead the market as advisors, investors and managers. We have put almost £300m of stock into lawyers in the last couple of years.
“We continue to see big opportunities for commercial property owners. Mainly around the creation of commercial ground rents on new and existing stock. This year we’ve a number of awarded investment and management mandates from major institutions. We expect to be looking after over 20,000 units within next few months.
“We recently soft launched Landmark Development Solutions (LDS). A new division to the Group which is an innovative and new alternative sales channel for residential developers, offering the removal of risk and the retention of rewards associated with development.”
LDS will contractually underwrite entire housing schemes pre-construction, removing developer’s fears around future pricing and demand.
The developer is then free to market and sell the units as per usual. Any sales will offer a profit share for both parties.
At the end of the construction and marketing process LDS will acquire any unsold units, allowing the developer and its lenders a clean exit.