Commercial Property Investment, Development & Asset Management
Commercial property specialists Hempel Estates is a new dynamic commercial property investment, development and asset management company based in London, West End. Hempel is well funded with substantial multi-million pound fi nancial backing from existing private equity and debt facilities that enable swift and unconditional purchases where necessary. We are commercial property specialists with extensive development and investment experience within the offi ce and industrial sectors. In addition we have access through connected companies to construction and refurbishment expertise. Our positive and entrepreneurial approach, experience and resources provide a competitive advantage in the current challenging market conditions. We are focused on securing opportunities where we can see potential to add or release latent value. We intend to hold, as well as trade, property where effective asset management can be applied. Investment and Development opportunities are sought both directly and with select joint venture partners. Well funded with substantial multi-million pound fi nancial backing 2 3
Investment and development opportunities are sought both directly and with select joint venture partners. 4 5
Who are we? Hempel Estates has been formed jointly by Sonny Sandhu and Ian Brindley who have extensive and complimentary experience within the commercial property sector. Sonny Sandhu MA(Hons)Oxon Having initially worked for Barclays Capital, in the investment banking and fi nance sector. Sonny has now been involved in commercial property development for 10 years. He has been involved in a number of profi table industrial and offi ce developments, ranging from new builds to extensive refurbishments. His participation in the schemes ranged from initial purchase of the property, through to planning, project management and construction. Ian Brindley MRICS A Chartered Surveyor with over 25 years experience in commercial agency, corporate consultancy, development and investment. Ian has worked for Colliers, Oliver Liggins, Matthews & Goodman and Haslams advising clients such as MBNA Bank, Halfords, Ford of Europe, MFI, Faurecia UK, Standard Life, Land Securities and United Technologies amongst others. 6 7
120,000 sq ft, High Bay warehouse acquisition in Banbury. 45,000 sq ft offi ce and industrial development in Letchworth. Fully Let. 10,000 sq ft high tech unit disposal in Banbury. Disposal advice on 20,000 sq ft industrial unit in Wokingham. Lease disposal of 11,000 sq ft warehouse in Reading. Sale and leasing of 25,000 sq ft new offi ce scheme in Reading. 36,000 sq ft offi ce development in Stanmore, Middx. Building fully let. Marketing high tech / laboratory space in Reading. 24,000 sq ft offi ce and Industrial development in Borehamwood. All units sold. Sale & leaseback on Halfords 400,000 sq ft & H.Q. in Redditch. Acquisition of 750,000 sq ft distribution complex in Doncaster for MFI. 35,000 sq ft industrial development Basingstoke. All units sold. Development site acquisition & 30,000 sq ft warehouse disposal in Reading. 30,000 sq ft Industrial scheme in Borehamwood. All units sold. 25,000 sq ft offi ce scheme in Borehamwood. Serviced offi ce complex completed in North London. 30,000 sq ft industrial development in Potters Bar. All units sold. 32,000 sq ft offi ce refurbishment in Borehamwood. Fully Let. Between us over 10 million sq ft bought, let, sold or developed. 8 9
Our Requirements Whilst the emphasis will be on offi ce and industrial opportunities we will also look at those involving hotels, retail (including roadside), leisure and mixed use. Funds available enable initial purchases up to 20m and total development costs up to 50m. We can look at larger schemes with JV partners. Generally only prime locations will be considered in the South of England and Midlands areas. These may be in town or out of town. Funds available enable initial purchases up to 20m and total development costs up to 50m We will consider any deal structure including conditional or unconditional purchases (including those subject to planning or with top up payments), profi t sharing and option or JV agreements. More specifi cally we are looking for: 1. Existing buildings or estates with refurbishment / break up potential. Industrial 20,000-500,000 sq ft with refurbishment / break up potential for low cost buildings for sale or lease. Offices 10,000-500,000 sq ft particular preference for well located city centre buildings or those out of town on main arterial routes / motorway junctions in affl uent areas. Vacant or part vacant space considered. 2. Development sites particularly high profi le main road where potential exist for pre let sales to food retailers (discounters), self storage and hotel schemes. Good prime speculative development / regeneration sites considered for industrial, offi ce, leisure, retail, healthcare or mixed use. 3. Option agreements with landowners to fund and progress planning. 4. Low cost land purchases potentially with top up payments dependent upon planning achieved. 5. Investments with short or longer term income. Emphasis where there is good active asset management, refurbishment / break up or redevelopment potential. 6. JV agreements with land or building owners where we would fund the marketing costs to secure an end user and refurbish / develop the building as part of the deal. 7. Design & build / project management where a new build or refurbished building is required for by an end user / occupier directly. We can work with the end user to develop their own site or fi nd a new one, potentially unlocking the development value of an existing site. 8. Receivership sales where property can be secured on advantageous terms. 10 11
105583.003 03/09 For further information: info@hempelestates.com www.hempelestates.com Hempel Estates is the trading name of Hempel Estates LLP which is a Limited Liability Partnership.