TRACK RECORD

 
 

RETAIL

 
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THE GROVE - ELTHAM

This asset was a 1960’s concrete jungle, which was run down and an eyesore to the rest of the street. We obtained the property with a 40% vacancy rate, and it also had run down maisonettes on the first floor. Overtime we bought the long leaseholds of the maisonettes to secure vacant possession. In turn the shops were let on very short leases, which could have been seen as problematic, but actually a benefit for our future plans for redevelopment.

Working closely with our architects (DLA) at the time, we created a 129 unit mixed-use scheme; including 3 restaurants, a cafe, convenience store, GP surgery and a pharmacy. This was then sold on to Cathedral Group who implemented the scheme. 

 
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BROADSTREET - NEWTON

Due to this property being acquired in a portfolio purchase, we managed to buy this asset below the, ‘at the time’, current market value. Having completed a lengthy due diligence on the mix of retail in the parade and also the surrounding area, we foresaw the potential for a large clothing shop.

With a smart refurbishment of several units, which creating a large single unit, we were able to let the new unit to ‘New Look’ for a 10 year term. As well as providing a good income stream this new covenant also strengthened the overall parades stability.

 
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TUDOR HOUSE- WALSALL

This asset was obtained with vacant possession of the upper parts. Having done a thorough due diligence on the housing market of Walsall, at the time of purchase, we could see good value to be made in the vacant offices.

We refurbished the offices into an 18 flat development which sold very well. This in addition strengthen the retail investment by removing the draining empty rates

 
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ST MARYS MEWS - TRURO

This asset was purchased in the view of holding as a straight investment. The parade produced a good income stream with very little management or marketing required. 

 
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church st - COTSWOLD SCHEME

This boutique parade of shops was situated between the high street and the main square, consequently was subject to a large amount of footfall. Toby purchased the property with a 30% vacancy rate. With this main benefit in mind, we could see that by altering the mix of the shops and implementing a new signage and planting scheme, the street could thrive again. Subsequently the street became 80% let and was sold on for a significant profit

 
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broadway - COTSWOLD SCHEME

This parade had similarities to Stow on the Wold, and subsequently was packaged together to sell in a small portfolio. This created a premium through the character of two smart Cotswold schemes.Again we recognised the large amount of footfall that this asset was subject to, and with a bit of day to day management the investment was re-energised.

 
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BARTHOLOMEW ST - NEWBURY

Given the large service yard and car park that came with this high st retail shop, we could see a development potential waiting to happen.The retail parade was burdened by an unsightly and run down office block on the first floor. In order to stabilise our income from the retail unit, and create more frontage for another retail shop, we knocked down the offices to remove the empty rates, which in turn allowed us to create 15 more car parking spaces to the rear.

 We renegotiated a lease with Iceland taking into account the new parking, this created a much stronger investment. In addition planning was granted for a new scheme containing 25,000sq ft of residential and 15,000 sq ft of retail.

 

TOWN CENTRE REGENERATION

 
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THE OLD VICARAGE PLACE - ST AUSTELL

The Old Vicarage place shopping centre was built in the early 1980s and is a concrete structure. The western side of the property abuts the RDA’s site, here situated five small lock up shops and the Council run public toilets. Because of the RDA’s scheme, the toilets within The Old Vicarage Place Shopping became vacant. This was seen as an opportunity to redevelop the toilets and to relocate a number of tenants from the neighbouring lock up units to enable the redevelopment of this part of the shopping centre and to create a single retail/activity unit. Within this unit, an area was created for an internal climbing wall along with retail concessions specialising in outdoor sports equipment such as climbing, walking, cycling, fishing etc. Previously, on the roof of the shopping centre, lay a car park which we proposed to build a new exciting hotel/hostel to accommodate visitors to St Austell and a new indoor and outdoor arts entertainment venue for talks, art exhibitions, music and other performances. Separate to these areas, 8 planning permission was sort for an outdoor market located to the rear of 19-21 Fore Street for the sale of fresh Cornish produce. The remaining common areas at the Old Vicarage Place Shopping Centre were decorated to tie in with the RDA’s exciting new regeneration scheme. 

BUSINESS SERVICES + HOSPITALITY

 
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THE FORBURY HOTEL + CERISE RESTURANT - reading

Located in Forbury Square, The Forbury Hotel & Cerise restaurant were shielded from the hustle and bustle of the city. The serene square, closeted by the verdant park to the north and the elegant crown courts to the east is still undoubtedly the finest address in the town. Designed by award-winning interior designer Nicholas Hollingshead, the 24 bedrooms and suites blended design, art, lighting and sound to create a space marketed as the UK’s leading town house hotel. The Forbury & Cerise typify the core values of Martime Capital: places, talent and action. Through them one can clearly see the attention to detail, the quality and the determination that Toby had enlisted to turn the Forbury and Reading into an upmarket destination, where people now want to visit and spend time and money.

‘The most luxurious hotel stay I have ever stayed in’ Evening Standard May 2005

 
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WORKHOTEL - hemel hempstead

Toby designed a new working/living scheme called, ‘Workhotel’, which was describe as UK’s funkiest office brand. It was an uplifting working environment with the service levels, customer experience and flexibility of a top hotel. Aimed at the customer who wanted a fast, efficient, and yet reliable office space solution presented stylishly, the workhotel had no competitor. From the ashes of the Buncefield explosion had arose arguably the country’s boldest serviced office brand. The workhotel aimed to accommodate customers efficiently and in style. Its workkitchen complemented workhotel wonderfully and gave guests and local business people alike somewhere to eat, relax and / or discuss business. Not only did it improved the scope of office space in the industrial estate but it also offered Hemel Hempstead something fresh, exciting and an excellent place to eat and buy good food. 

 
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STORAGE BOX (ALFA) - HERSHAM

Toby was introduced to Alfa Self Storage in the course of landlord / tenant relations. Following discussions between the parties, Toby invested in Alfa, and operated on a joint venture basis responsible for supplying future sites. Toby later on became the operations manager and took over the whole business. Storage Box (Alfa) provided a versatile, cost effective solution to all storage needs, for both residential and business customers. All the storage units were lockable, individual, steel partitioned rooms, which could be rented for as long or short as one needed. Customers had the freedom to access their unit 7 days a week, 365 days. Rent could be arranged by the week or month with no long term commitment.