NEWS19th February 2010 New Kitewood subsidiaries target exciting new markets
Two new Kitewood subsidiaries have launched focusing on new growth areas in the UK economy. The distressed assets and student residences markets provide exciting opportunities for the Kitewood Group and will be headed up by Director Mike Dolan. For more information and other news stories, click here. |
Although the Kitewood Group is primarily focused on property development, an investment subsidiary has been created with the aim of retaining as investments elements of developments (or whole developments) where and when appropriate.
The main purpose for the investment business is to strengthen the Kitewood Group’s corporate covenant by counter balancing the earnings volatility inherent in property development, enhancing net assets, and providing further financial security.
Listed below are a few of Kitewood’s initial investments.
Investment Portfolio
29 Clapham Park Road, London SW4
A high quality development of eight private 1 and 2 bedroom flats, let on assured short-hold tenancy agreements, located close to Clapham Common Underground station.
Altira Business Park, Herne Bay, Kent
This is a commercial development of 500,000 sq. ft. where Kitewood has obtained planning permission for B1, B2 & B8 uses. Kitewood aims to attract both freehold and leasehold occupiers to this site over the next 3 years.
One of the first occupiers will be the Driving Standards Agency (DSA) who have agreed to take a long-lease. A DSA motor bike test centre which includes both offices and a driving track is currently under construction.
Southbury Road, Enfield
A mixed development scheme which consists of 123 mixed tenure flats that will be developed for L&Q. Kitewood Investments are retaining two retail units totalling 4,500 sq. ft., which will be let to retail tenants on long leases.
For further information regarding our investments contact: info@kitewood.co.uk
;)
;)
;)
;){kind=link}