Pair launch specialist property services group
Artium Group, a specialist in property development, investment, construction, and asset management, has been launched by two experienced industry professionals.
Headquartered in Harrogate, Artium has been established by entrepreneur and property developer Thomas Shotton and chartered surveyor Sam Colley, owner of growing business Ousebank Consultancy. The group’s specialist subsidiary businesses include Artium Investments, Artium Construction and Artium Asset Management.
Colley said: “We are thrilled to announce the establishment of Artium Group.
“We have a strong track record of property development and consultancy, with previous total gross development value’s exceeding £200m and an extensive property portfolio that we are excited to reposition to meet current demand.
“Operating initially in Yorkshire and the Humber, we are positive about the prospect of owning and operating a portfolio, focusing on occupiers and their requirements which drive quality throughout and give our investors added confidence.
“We have already made a positive start, with projects totalling almost £30m GDV including two high-end residential conversion schemes, a leisure conversion with rooftop in Harrogate and a residential new build scheme in York.”
Artium has an acquisitions target totalling between £20m and £30m in its first year of operation.
Longer-term, the group intends to build a diverse and robust investment portfolio, to continue to make significant land and property placemaking acquisitions including strategic land, and ultimately establish attractive and consistent returns on investments across a variety of sectors.
Shotton said Artium’s launch comes at an important time for the property sector and wider economy.
He said: “As property continues to be a sector of choice for investment, ongoing e-commerce growth and well-located industrial developments continue to drive opportunities, while city centre mixed-use regeneration is on the rise.
“We are also seeing a cultural shift towards a more ‘ethical consumer’, rather than as a niche market segmentation.
“Artium is primed to take advantage of these trends. We are open to new private investment and are seeking to bring in institutional investment to scale our pipeline and portfolio.
“We have appointed a core team of professionals and partners to ensure a best-in-class advisory service and delivery. These include a legal team, accountants, tax advisors, agents, and the design team.”
He added the group is set to quickly grow its team, with two non-executive directors and an executive assistant joining imminently, followed by a further non-executive director later this year.
Artium Construction expects to appoint two director and shareholders imminently and a senior professional will be joining the Artium Asset Management team in the near future.
