Renowned property entrepreneur returns to roots and launches Boultbee LDN

Monday 7th July 2014

Based in Marylebone, Boultbee LDN’s property and asset management team have over 25 years of multi-sector experience. They acquire and develop property with potential for improvement, currently focusing on acquisition of land and buildings in London that can benefit from redevelopment (typically with a GDV ranging from £10m-£30m). Since launching, the team have already invested in several opportunities with a GDV of £60m, and there is a further £40m worth of transactions in the pipeline.

The overall aim is to add value across developments for the benefit of all involved, from JV investment partners and development partners to those buying and living in the end product. Boultbee LDN achieves this through high quality design, professional project delivery and a wider team focused approach.

Chairman Steve Boultbee-Brooks, comments: “I wanted to create a company that would focus on a particular area of the market, returning to where my career began – London. As a team, we are passionate about seeking opportunities to which we can really add value. Whether we are building a portfolio of shopping centres, offices, or apartments, our approach is always the same: identify an optimum product, review it from a fresh perspective, and deliver it.

“Our financial goal is to create a £250m property portfolio comprising £100m worth of investments and £150m worth of residential and mixed-use projects in our first year to 18 months of operation, and we are already well on our way to achieving this.”

One of the team’s most recent acquisitions is a site for residential and retail development in Brockley, South East London - an area benefitting from regeneration including the extension of the East London Line. The scheme, a joint venture partnership with Peverill Securities Ltd, will comprise of 25 residential apartments, a supermarket and two smaller retail units and will be managed by Shape Commercial. The site was purchased from a private family trust for £2.8m with funding secured through Titlestone, and has a GDV of £11.5m.

Sean Dempsey, Director of Asset Management, comments: “Brockley is now considered to be a strong residential location of increasing attractiveness to occupiers. This is principally due to its excellent connectivity and the high quality of its existing properties, which can be ideal live-in refurbishment projects. However, the area needs more affordable, high quality apartment schemes, targeted at both local and new residents, in order to both meet and sustain the high demand. 180 Brockley Road is an excellent example of our affordable living model. Through a design-led approach to creating high quality space, we will achieve both a commercially viable project and a positive living environment.

“This project is a joint venture with Shape Commercial - over the last nine months, we have been establishing a great working group, based on a comprehensive mix of project skills, within the new team. We are already working on a range of other schemes with Shape Commercial and are really enjoying the creativity and effectiveness of the relationship.”