Landmark celebrates £67m ground rent tally
BOLTON-based Landmark Investments Group has agreed £67.237m on 77 ground rent deals over the last six months.
The total was split £34.839m over 34 deals to December 2014 and a similar £32.398m over 43 deals to March.
The value of the property assets which pay the ground rent is in excess of £1bn.
Landmark Investments Group’s main area of activity is the purchase of ground rents, also known as the freehold, of residential and commercial properties.
In January the company – also celebrating its 15th anniversary – announced profits for 2014 of £2.9m and now has a portfolio approaching 15,000 units.
Ben Ogunby, acquisitions director, Landmark Investments Group said: “We have been so busy acquiring ground rents, we weren’t really keeping count, so were very pleased when we ran the numbers.
“We are able to transact across the whole spectrum from very small deals through large commercial ground rents to national portfolios.
“We have our own funds and are retained to acquire, advise and manage stock on behalf of a substantial private client. We fully expect to transact in excess of £100m of stock in 2015 with £135/140m within reach.”
