Landmark plans to invest £30m

LANDMARK Investments Group, the Bolton-based ground rent investment and management specialist, said it plans to buy ground rents worth £30m this year.

The business, founded by Mark Hawthorn, said it had recently confirmed the financial support of its banks and syndicated investors and planned to step up investment levels.

Mr Hawthorn predicts ground rents worth £450m will become available this year based on 120,000 units. Landmark will target some 10,000 in the North West, London and in other major cities.

He said: “With the Government’s Kickstart Initiative and funding slowly being released back to the property industry, this year poses a fantastic opportunity for us to pick up a lot of the available stock and further enhance our profile.”