Wildbrook buys out Landmark stake in joint venture
Landmark Investments Group has announced the sale of it’s 50% interest in Wildbrook Commercial Real Estate, a joint venture with investment agent Neil Higson.
Mark Hawthorn, CEO of Landmark Investments Group, said: “Whilst this may come as a surprise to many it’s a very positive outcome for all involved. We didn’t invest with a particular horizon and Neil has massively outperformed all expectations to the point he was able to acquire our interest.
“The original investment was to provide financial stability and support which the business now has so we had a grown-up chat and agreed a sale, all in around 15 minutes. We had transacted with Neil for many years prior to the formation of Wildbrook and will continue to do so going forward, I’m sure it will continue to go from strength to strength.”
Neil Higson said: “The first six months of the business have far outweighed my expectations, I was naturally nervous around setting up on my own but the response from clients and contacts has been brilliant. The guidance and support provided by Mark and the team at Landmark has been invaluable, whilst there was never an agreed exit plan Mark had said from the outset he would sell if I found myself able to buy. We have completed a number of sizeable transactions including the acquisition of Barnett House, Middleton Trade Park and a Wincanton distribution unit.”
Wildbrook CRE specialises in providing detailed consultant advice on commercial real estate investment acquisition, sales and asset management.
Established in 2000, Bolton based Landmark Investments Group main area of activity is the acquisition and management of residential and commercial ground rents. The activity covers Landmark’s own growing portfolio as well as deals for a number of retained clients.
In 2017 Landmark Investments Group launched Landmark Development Solutions (LDS) an innovative development underwriting solution for SME developers.