Landmark Investments Group achieve £1.2 million profit
Manchester Evening News
Bolton based Landmark Investments Group today announced it achieved profits of just under £1.2 million to year end September 2013, up 162% (from £458,000) on the previous year.
Set up in 2000 by, then aged 19, Mark Hawthorn, Landmark Investments Group main area of activity is the purchase of ground rents, also known as the freehold, of residential and commercial properties.
Mark Hawthorn said: “Last year was the most successful yet for Landmark Investments Group, we achieved several major deals including our first commercial ground rent portfolio and diversified outside of property with our ThermaVein operation.”
Highlights of the year included:
- The purchase of the 42 acre site at Strangeways, Manchester from a private investor. The first commercial property investment by the company.
- The portfolio of property increased from £8.5 million to £15 million, with ground rent purchases made on residential schemes across the Northwest and London.
- A major investment into medically acclaimed aesthetic treatment product ThermaVein, is the first non-property investment for Landmark Group and it is already providing rewards as the treatment sales are expected to top £2 million. ThermaVein is already international across a range of territories with major ongoing demand.
Mark said: “While profit is pleasing we are an investment company and are long term thinkers, our real focus is to grow the portfolio which is now pushing £15m (excluding non-property) and likely to exceed £20 million within the next 12-15 months.
“We are starting to make real progress with the development of a commercial ground rent model which will allow owners to release additional funds from assets whilst retaining them for the long term”