Two bites of the cherry

We believe we are much more than just a commercial real estate business.

The underlying focus of the RO is always driven by a fundamental trading philosophy, and our corporate adage of being ‘In business to do business’ lies at the heart of everything we do. We have a deep understanding and awareness of the interests of all our business relationships be they tenants, advisers, institutions, suppliers or contractors. This can be instructive in developing better insights, becoming aware of potential problems at an early stage and finding opportunities that would not otherwise have come our way.

We take a long term view of property ownership and frequently review assets in our portfolio for potential alternative use to see if a ‘second bite of the cherry’ might be available.

Proactive Asset Management

The images alongside show our former property in Lytham St Annes. This was originally acquired in 2004 with two floors of tired offices above retail. With a strong location underpinning the investment opportunity we were able to gain planning to add an extra floor to the building, convert the office space into a Travelodge hotel and considerably improve the value of the retail element by adding a M&S Simply Food and Costa to the parade. Having generated an AWULT of more than fifteen years the asset was sold to Savills Investment Management for £6.7m in August 2017.