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The Group
The Structadene Group is a successful
and expanding private property business with a substantial
portfolio of commercial and residential investment properties.
It is also active in residential development, mostly in conjunction
with partners. Founded in 1978 by David Pearl, now Chairman
and Chief Executive, Structadene evolved out of Pearl &
Coutts, an estate agency and management business set up by
Pearl in 1965.
Highly acquisitive, the group has
worked hard to improve the quality of its portfolio, its tenant
base and to minimise voids. Many of the properties are located
in London's West End, although the geographical net has widened
considerably.
Recent acquisitions include properties
in Scotland, Wales and the Heart of England, as well as prestigious
City and Midtown locations in London.
At the end of 2003, Structadene completed
its takeover of Newport Holdings plc, adding 80 properties,
worth approximately £160m, to the group's already substantial
portfolio. Newport's emphasis on well-let retail properties
across the country has improved the mix within the Structadene
portfolio, where the emphasis was more on offices and residential
property.
Structadene's strategy is to spread
risk over a large number of buildings and tenants in a wide
range of business sectors. All types of investment are considered
- from shops, offices and warehouses to farmland, houses or
flats. Although central London properties are preferred, the
group will always give careful consideration to any location
which offers good value and potential for capital growth.
Structadene occupies modern offices
in Islington and employs a large team of in-house specialists,
covering a wide variety of skills to ensure maximum efficiency
from the portfolio. The group plans further growth across
all areas of its business.
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