Landmark on track to invest £100m in ground rent this year
Bolton-based Landmark Investments Group agreed £67m of ground rent acquisitions in the past six months, in 77 separate transactions.
Ben Ogunby, acquisitions director, Landmark Investments Group, said: “We have been so busy acquiring ground rents, we weren’t really keeping count, so were pleased when we ran the numbers. We are able to transact across the whole spectrum from very small deals through to large commercial ground rents and national portfolios. We have our own funds and are retained to acquire, advise and manage stock on behalf of a substantial private client. We fully expect to transact in excess of £100m of stock in 2015 with £140m within reach.”
In January, Landmark announced profits for 2014 of £2.9m. The firm has a portfolio approaching 15,000 units.
Mark Hawthorn, managing director, added: “This is a real milestone for us. We have recently moved to new offices, our tenth move in 15 years, which will allow us to further develop and grow. There are a lot of opportunities around in the ground rent and wider property markets at the moment which after the last seven or so years is pleasing to see. We continued to grow throughout the downturn and are looking forward to our next phase of development.”