Background and Opportunity
- Platform focused on the active management of land estates and agriculture assets, which offer value add opportunities due to historic under-management or poor capitalisation
- Lack of large scale, systematic competitor with a value add approach in the UK
Transaction Progress
- Strategy seeded by the acquisition of a c. 2,000-acre mixed-use, multi tenanted estate comprising a country house, agricultural holdings, and residential units
- Acquisition price reflets a discount to the estimated day one break-up value
- Secured attractive senior debt financing and closed the transaction in Q4 2023
Current Status
- Selectively pursuing sales of residential units with vacant possession
- Actively seeking opportunities across the UK to grow the strategy
