Ashbourne acts as a principal, either solely or as part of a joint venture, in originating, structuring, financing and managing UK real estate assets. The Ashbourne investment objective is to create shareholder value by strategically investing in a diverse property portfolio across the UK that demonstrate potential for delivering superior returns.
Ashbourne will typically acquire real estate with a combination of the following characteristics:
- Attractive initial investment yields
- Low capital values
- Well located for their use
- Opportunity to add value through active management
- Clearly defined exit strategies
Over the past 18 years, Ashbourne has established a track record of fundraising, joint venturing, purchasing, managing and selling over £266 million of UK commercial property, with a proven ability to deliver diverse property solutions.
Ashbourne has returned an average simple annualised return on equity in excess of 20%, with the exception of 2 portfolios purchased within separate joint venture structures in 2006-2007, currently being managed out.
Ashbourne fully funded a joint venture with Asda over it’s 11 acre London Docklands property, obtaining planning permission for £1 billion of mixed commercial and residential assets. Ashbourne has since arranged the successful sale of a majority interest, introduced new third party funding and retains a significant minority interest.
Ashbourne has successfully worked with numerous equity partners including Revcap, Tyburn Lane, Babcock & Brown and G.E. Capital Real Estate. Ashbourne has had banking relationships with Bank of Scotland, Nationwide Building Society, Royal Bank of Scotland, Anglo Irish Bank and GE Capital.
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Ashbourne typically acquire properties in joint venture vehicles whereby it brings on board investment partners who will sit alongside the Ashbourne equity. Joint venture partners Ashbourne have worked with in the past include:
- Real Estate Venture Capital Management LLP
- Tyburn Lane Private Equity
- GE Capital Real Estate
- Babcock & Brown
- ASDA Stores Limited