London Portfolio

The London Portfolio is a growing group of properties designed to balance our long-term development interests. This business leverages our investment and development skills to deliver income, capital growth and outperformance.

Our first acquisition was made in February 2014, with the purchase of Kingsbourne House on High Holborn for £13.7m.

Located above and adjacent to one of the busiest Underground stations in London, the property delivers £1.4 million of rental income and has the potential for re-development in the longer term. Our team exchanged contracts on the off-market transaction within just two weeks.

In May 2014, we bought Aldermary House in the City of London. Located opposite the construction site of Bloomberg’s new UK headquarters, 45% of the property has recently been refurbished and there is potential for rental uplift from further refurbishment and the improvements the area will see with the opening of Bloomberg Place.

These are typical of the type of asset we are selectively acquiring for our London Portfolio.

Aldermary House brochure

London

One of the largest and most dynamic cities in the world, London attracts a diverse mix of investors. These individuals, companies and organisations are drawn by the UK’s attractive tax arrangements, transparent property ownership laws, as well as the stability offered by centuries of democratic government. Added to this, the liquidity of the UK market and the ease of conducting business in English make London an extremely strong proposition.

20% of all international bank lending transactions now take place in London. The city remains the main player in the FOREX market, with 32% of transactions carried out in London compared to 19% through New York and 7.6% through Tokyo.

London is ranked second on the Global Cities Index which rates according to business activity, human capital, information exchange, cultural experience and political engagement. The United Nations has forecast that London’s population of over seven million is set to grow by an average of 10,000 people per annum, and the capital welcomes an additional 27 million visitors a year.