London and Regional Estates Ltd (LRE)
LRE is a highly respected development company that has gained an extensive experience in all aspects of the property development process since its inception in late 1991.
LRE’s focus has been highly geared debt funded schemes initially principally of retail stock, where prelets of part,or all were achievable, often linked to a conditional contract subject to planning. The scope of projects has since expeanded to include residential and industrial projects.These projects were manily in the South East of England and the Midlands. LRE has carried out a development Management function for Axa UK Investment Mangement Ltd,taking on its existing property and running the entire development process on 5 projects .
LRE has completed 18 schemes and all projects have been profitable with none achieving less than 100% return on capital employed and some significantly more.
LRE has formed a number of joint ventures with Sir Robert McAlpine and Shepherd Building Group and Axa UK Investment Managers Ltd
LRE has retained a number of its commercial projects as investments and is the main shareholder in the investment company Parcland Ltd .
Funding has been provided by conventional debt facilities through Julian Hodge Bank, and Handlesbanken where an excellent relationship now exists. The principal advisors to the company are:
Bankers
Julian Hodge Bank
29 Windsor Place
Cardiff CF10 3BX
Handlesbanken
1st Floor Teme House
Langstone Business Park
Newport NP18 2HJ
Lawyers :Stevens and Bolton LLP
Wey House
Guildford
Surrey GU1 4YD
Accountants: Lerman Jacobs Davis
Centennial Avenue
Elstree,
Herts WD6 3PG