With the completion of another prime office building acquisition in Chelsea this week, Martin’s Properties has ended the year with a total of over £90 million transacted within its Core Chelsea and Regional portfolios.
Richard Bourne, CEO of Martin’s Properties, says:
“This office building is a great addition to our Core Chelsea portfolio. With our available cash and quick approval process, we were able to complete the acquisition within 10 working days from agreeing terms. The short term income offers us an investment return while our in-house team brings forward designs and plans to deliver a fully refurbished building to drive rents and add value.
“We have now completed over £90m of transactions in the past 9 months and have additional capital to deploy into investment and repositioning opportunities in Chelsea (mixed use) and Southern England (Retail Warehouse and Multi Let Industrial) as well as sites for Self Storage in South West England.”
Acquisitions:
Asset sales:
ENDS
About Martin’s Properties
Martin’s Properties is a dynamic, family-owned property company operating in London and the South of England. Established by the Martin family in 1946, the company has a prestigious property portfolio worth around £400m. The business has clearly defined investment portfolios in Chelsea (mixed use) and Southern England (Retail Warehouse and Multi Let Industrial). It also has a self-storage portfolio (acquiring, constructing and operating self-storage buildings) and Obsidian (a strategic land promotion business)
The business has investment, asset management, development and operational expertise in-house and is focused on creating and managing sustainable, well-designed buildings that enhance the local environment and deliver exceptional customer service.
For more information please visit: www.martins-properties.co.uk
For further information, please contact:
Laura Gibson or Kate Titchmarsh, team@the-flashbulb.com