PE1, Peterborough
Targetfollow acquired Peterborough Garden Park (rebranded PE1) in December 2016 for £12.9m. Through strategic asset management, marketing and events, Targetfollow fully let the property increasing net income by 40%, doubled footfall, secured a long-leasehold sale of 2.15 acres of land to Aldi for a 18,500 sf supermarket and agreed terms for a further long-leasehold sale of 1.75 acres to a self-store logistics company. Targetfollow sold the retail park in November 2022 with the final land transaction due to complete in January 2023 providing combined sales values of £19m, a 47% increase in value over the 5 years of ownership in addition to rental income representing a 10% yield per annum’ over the 5 years of ownership.
Baskerville House, Birmingham
Baskerville House, Birmingham
This historic Birmingham building was purchased by Targetfollow in 1999 with vacant possession. We secured detailed planning and listed building consent to restore and extend the property to 197,000 sq ft of Grade A office accommodation.
Sold 2012.
70 St Mary Axe, London
70 St Mary Axe, London
Targetfollow acquired the freehold and the building was occupied by Targetfollow’s
serviced office business, Targetspace, at a rental of £1.2 million per annum. Targetfollow proposed the development of a top quality 24 storey tower comprising 428,000 sq ft of Grade A
office accommodation. This included the redevelopment of the adjacent 60 St Mary Axe. Both buildings were income producing until vacant possession required.
The asset was sold in 2011.
Centre Point, London
Centre Point, London
We acquired Centre Point in 2005 and during our ownership the building became fully let for the first time since its construction in 1964. This enhanced the value to more than double the purchase price.
The asset was sold in 2011.
3-11 Melville Street, Edinburgh
3-11 Melvill Street, Edinburgh
This is situated in the heart of Edinburgh’s prime west end. The property was purchased in August 2004 with vacant possession and shortly afterwards we commenced a major refurbishment programme to ensure that the property became a centre-piece of the district.
Sold 2009.
Cambridge House, Norwich
Cambridge House, Norwich
We acquired Cambridge House in 2013, updated and renewed the tenancy agreements.
This asset was a top performing investment which was sold in 2020 for 160% of purchase value.
40 Bernard Street, London
40 Bernard Street, London
We purchased the building in 1996 and through strategic asset management increased occupancy to almost 100% and value to multiple times the initial purchase price.
The asset was sold in 2011.
Portman Towers, London
Portman Towers, London
Targetfollow acquired a number of long leasehold interests within the site, including the main head lease from The Portman Estate freeholders. The site comprised residential apartments and a separate hotel. Targetfollow went through extensive pre-app discussions with Westminster Council to gain support for the principle of comprehensive mixed-use redevelopment to include hotel, offices and residential.
Purchased 2004. The asset was sold in 2012.
International House, London
International House, 66 Chiltern Street, London
Targetfollow acquired and managed this prime West End asset, which was fully let to strong covenant tenants. A development strategy was also in train for refurbishment/redevelopment of the site to generate significant upside.
Purchased 2005. The asset was sold in 2011.
Grand Central, Stockport
Grand Central, Stockport
Purchased in 2003, Grand Central was a first generation leisure development located in Stockport Town Centre adjacent to the town’s main railway station. Targetfollow’s plans for Grand Central represented an integral and important first phase of this wider town centre regeneration..
The asset was sold in 2011.
Grosvenor House, Norwich
Grosvenor House, Norwich
Purchased in 1999 Grosvenor House is a popular multi-tenanted office building of approximately 50,000 sq ft.
The asset was sold in 2014.
Metropolitan House, Manchester
Metropolitan House, Manchester
Targetfollow purchased Metropolitan House in 1997, it was constructed circa 1990 and comprises a courtyard style office building, which is three storeys in height.
The asset was sold in 2014.
Tolworth Tower, Surbiton
Tolworth Tower, Surbiton
Purchased in 2006 Tolworth Towers was designed by R. Seifert & Partners, the firm behind iconic buildings such as Centre Point and Tower 42. Tolworth Tower was completed in 1964 and is easily the most recognisable landmark in the Royal Borough of Kingston. The tower is 80.8 metres high with 22 floors.
The asset was sold in 2015.
The Buttermarket, Newark
The Buttermarket, Newark
Targetfollow purchased the property in 2002 which comprised a small self-contained shopping centre which was substantially refurbished / redeveloped out of the ground floor of the Newark Town Hall and the historic butter market to the rear. The accommodation was divided into a total of 28 individual retail.
The asset was sold in 2014.
Wembley Point, London
Wembley Point, London
Purchased in 2003. Built in 1965 by Covell, Matthews & Partners architects, Wembley Point is a 21 storey building which stands at 80 mts tall.
This asset was sold in 2012.
Biberweg 12, Koeln Porfolio
Koeln Porfolio
Purchased in 2007, the portfolio consists of five commercial properties, located in the North Rhine Westphalia and Lower Saxony. Opportunity to increase value through asset management initiatives.
These assets were sold in 2014.
Bensberger Str 55 Bergish Gladbach, Koeln Porfolio
Bensberger Str 55 Bergish Gladbach, Koeln Porfolio
Purchased in 2007, the portfolio consists of five commercial properties, located in the North Rhine Westphalia and Lower Saxony. Opportunity to increase value through asset management initiatives.
These assets were sold in 2014.
Biberweg 6, Koeln Porfolio
Biberweg 6, Koeln Porfolio
Purchased in 2007, the portfolio consists of five commercial properties, located in the North Rhine Westphalia and Lower Saxony. Opportunity to increase value through asset management initiatives.
These assets were sold in 2014.
Haupstrasse 97, Koeln Porfolio
Haupstrasse 97, Koeln Porfolio
Purchased in 2007, the portfolio consists of five commercial properties, located in the North Rhine Westphalia and Lower Saxony. Opportunity to increase value through asset management initiatives.
These assets were sold in 2014.
Odenthaler Strasse 19, Koeln Porfolio
Odenthaler Strasse 19, Koeln Porfolio
Purchased in 2007, the portfolio consists of five commercial properties, located in the North Rhine Westphalia and Lower Saxony. Opportunity to increase value through asset management initiatives.
These assets were sold in 2014.
The Priory, Haywards Heath
The Priory, Haywards Heath
Purchased in 2000, The Priory is a unique, historic Grade II listed building, which has been sympathetically refurbished and converted to offices, the common parts and main entrance being refurbished in 2004. A restaurant, bar and conference facilities are also available on site.
These assets were sold in 2014.
Crete & Candia Towers, Liverpool
Crete & Candia Towers, Liverpool
Purchased in 2003. The pair of 1960’s residential tower blocks, offer unrivalled views across the City, the River Mersey and both Football grounds. Targetfollow successfully achieved planning from Liverpool City Council to transform the towers changing the external appearance of the towers, renewing all M&E services and diversifying the mix of residential units available, offering 16 one bedroom duplex flats, 103 two bedroom apartments and 22 three bedroom apartments, instead of the current 124 three bedroom flats.
This asset was sold in 2011.
St James Court, Warrington
St James Court, Warrington
Purchased in 1996. The building is constructed on 2 storeys and provides a variety of offices suites around twin atria with additional office accommodation provided at second floor level to one elevation of the building.
The asset was sold in 2011.
Skydome, Coventry
Skydome, Coventry
Skydome Leisureworld in Coventry was sold to Targetfollow for £21.4 million in 2005. The price reflected a net initial yield of approximately 6.6%. The 11,544 sq m (124,253 sq ft) development was built in 2000 and is the city’s leading family leisure destination, anchored by a nine-screen Odeon multiplex cinema. The current rent roll was £1.47 million pa.
The asset was sold in 2011.
Wigham House, Barking
Wigham House, Barking
Purchased in 2000, Wigham House is a 1970s detached self-contained purpose built office providing ground floor reception facilities and 9 floors above providing open plan offices.
The asset was sold in 2012.
Sarl Le Parc, De L’Arboretum, Toulon
Sarl Le Parc, De L’Arboretum, Toulon
Purchased in 2006. L’Arboretum was conceived to meet the demand for offices arising from business managers and owners living in the affluent towns to the west of Toulon, such as Bandol and Sanary. The development offered a total of 4,168 m² of offices arranged over three highly divisible, two storey buildings.
This asset was sold in 2010.
Le Cap II, 66 -72 rue Marceau, Montreuil, Paris
Le Cap II, 66 -72 rue Marceau, Montreuil, Paris
Purchased in 2006, Le Cap II became 100% let under Targetfollow due to a deal with Ubisoft Entertainment, which was a leading French computer company. Ubisoft, had been in the building since 2002 and signed a new nine year lease virtually double their space. The rents in Le Cap II increased substantially since Targetfollow acquired the building, from €110-€130 per square meter per month to 150-€185.
The asset was sold in 2010.
Haldin & Jacquard House, Norwich
Haldin & Jacquard House, Norwich
Haldin and Jacquard House is an historic, multi-occupancy office building arranged in two parts and over a number of floors. The property is located within Norwich city centre on Queen Street, which is in the heart of the financial and professional district.
The asset was sold in 2008.
Carrington Plains, Manchester
Carrington Plains, Manchester
Purchased in 2008. The plots are situated in Carrington, in the Borough of Trafford, Greater Manchester, approximately 7.3 miles SW from Manchester City Centre.
The area of Carrington is characterised by the former Shell Chemicals refinery site, the site extends over 1,600 acres in size and consists of decommissioned land which forms part of an on-going regeneration program.
The asset was sold in 2011.
Baskerville Wharf, Birmingham
Baskerville Wharf, Birmingham
Purchased in 2006. Having set the standard with the success of the regeneration of Baskerville House, Targetfollow were committed to the expansion of Westside and the success and growth of the city. Baskerville Wharf represented an exciting urban and sustainable project for Birmingham with the potential for significant inward and national investment..
The asset was sold in 2012.
Hall Road Retail, Norwich
Hall Road Retail, Norwich
Purchased in 2005. Targetfollow owned the freehold interest of the existing Hall Road Retail Park and the neighbouring former Bally shoe factory site to the south of Norwich City Centre, comprising a total site of 21 acres. The Targetfollow team worked with Benoy Architects in liaison with the planners at Norwich City Council to redesign the development as a whole, to create a new, improved hybrid park.
The asset was sold in 2011.
Harford Place, Norwich
Harford Place, Norwich
Purchase in 2005 ? Harford Place working with the existing Hall Road Retail Park together with a new neighbourhood centre and totaled 646,000 sq ft of accommodation with 1,200 car parking spaces.
This asset was sold in 2014.
Pantiles Lower, Tunbridge Wells
Pantiles Lower, Tunbridge Wells
Purchased in 2002, the property comprises the rear part of the Pantiles, Tunbridge Wells historic retail centre. The investment is principally offices, both period and 1980s, with a mews of studio offices, small retail units within the Corn Exchange and a former Museum and auction house providing additional income and re-development opportunities.
The asset was sold in 2012.
St Georges Street, Norwich
St Georges Street, Norwich
Purchased in 2005. St Andrews House comprises of a five story 1970’s office building of 23,757 sq ft with 46 on site car parking spaces. The building was completely refurbished in 1997.
Numbers 12, 14 and 16 St Georges Street were constructed in 1998 and comprise three self-contained retail/office units on ground and first floor.
The asset was sold in 2014.
St Andrews House, Norwich
St Andrews House, Norwich
Purchased in 2005. St Andrews House comprises of a five story 1970’s office building of 23,757 sq ft with 46 on site car parking spaces. The building was completely refurbished in 1997.
Numbers 12, 14 and 16 St Georges Street were constructed in 1998 and comprise three self-contained retail/office units on ground and first floor.
The asset was sold in 2014.
27/28 Tombland, Norwich
27/28 Tombland, Norwich
Purchased in 1997, 18th Century, Grade II Listed office building providing a total of 6,575 sq ft sq. ft. Part let to an established firm of lawyers, Leathes Prior and a high class Cocktail Bar/Restaurant called Bonds. The property is located in the heart of the professional services district in the city centre of Norwich.
This asset was sold in 2020.
54-58 Prince Wales Road, Norwich
54-58 Prince Wales Road, Norwich
Purchased in 2000. No’s 54 and 56 comprise two interconnected terraced buildings of four and five story’s plus a lower ground area, with a common entrance from Prince of Wales Road and a rear access from a small parking area. The main part of the property was built around 1868-70. The property was refurbished to a high specification.
These assets were sold in 2011.
Chiltern House, Truro
Chiltern House, Truro
Purchased in 2002, the 1960s property comprises a 3 story office building which is located on the corner of City Road and Calenick Street, approximately 200 yards from Truro’s prime retail area. Occupied by two lock up shops with offices above together with a licensed café bar/restaurant.
These assets were sold in 2014.
King Street West, Stockport
King Street West, Stockport
A carpark investment purchased in 2007, adjacent to Stockport railway station.
This asset was sold in 2014.
Earls Court & Olympia, London
Earls Court & Olympia, London
In 2006 Targetfollow put together various proposals and worked with esteemed architect, Sir Terry Farrell, on the Earl’s Court and Olympia portfolio. Many of these plans can be seen realised today.
The Millennium Dome (02), London
The Millennium Dome (02), London
Targetfollow was involved in the fierce competition for the purchase of the O2, previously the Millennium Dome, in 2009. Targetfollow were not successful in purchasing the property, but its future as an events and entertainment venue were part of the company’s vision.
Carolyn and Philip House, Croydon
Carolyn and Philip House, Croydon
Purchased early 2000’s, Carolyn House and Philip House occupy a prominent position fronting Dingwall Road and Lansdowne Road within the heart of Croydon’s main office district. Carolyn House is a substantial 16 storey office building having a total lettable floor area of 8,942 sq m. Philip House adjoins Carolyn House and is of similar construction comprising a self-contained three storey office building of 1,142 sq m.
Sold 2005.
Empress Industrial Estate, Wigan
Empress Industrial Estate, Wigan
Purchased in 1995, The Empress Industrial Estate is made up of 35 units, converted from a former cotton mill, built in circa 1910 and covering approximately 2.5 acres.
Sold 2014.
BHS, 7 The Forum, Stevenage
BHS, 7 The Forum, Stevenage
Purchased 2003. Substantial four storey retail department store constructed in the mid 1970’s, offering 80,758 sq.ft). Commanding situation within Queensway Shopping Centre, Stevenage.
Sold 2005.
Longsight Shopping Centre, Manchester
Longsight Shopping Centre, Manchester
Purchased in 2003, Longsight was a popular district shopping centre on A6 adjacent to Asda supermarket. The property comprises a two storey block of retail units with first floor accommodation above, this provides a total of 11 retail units, 2 office suites and 5 kiosks.
Sold 2014.
Whitworth Street, Manchester
Whitworth Street, Manchester
Long-term potential, the development site is located in a transitional space adjacent to the conservation area of Whitworth Street but also forming part of the regeneration of the Piccadilly area at the time.
Sold 2011.
Bankside Trade Park, Cirencester
Bankside Trade Park, Cirencester
Purchased 2005, Bankside Business Park forms part of the Love Lane Industrial Estate, Cirencester’s principal business estate. The property comprises various industrial and office buildings of varying construction on a site, which is 2.73 ha (6.75 acres) in size.
Sold 2014.
Regent House, Brentwood
Regent House, Brentwood
Purchased 2002. Regent House is situated approximately 1 mile from the M25 and only a short walk from Brentwood town centre and station. The property comprises a nine storey multi-let office building of 69,346 sq ft.
Sold 2012.
Westfield Road, Dunstable
Westfield Road, Dunstable
Purchased in 2011, Targetfollow converted an old pub, the Eight Bells, on Westfield Road to a Co-operative Store. An extensive refurbishment programme was undertaken.
Sold in 2013
Additional case studies available on request
We have many asset case studies available that are not shown on our website. Please email hello@targetfollow.com so we can provide additional information.
Additional case studies available on request
We have many asset case studies available that are not shown on our website. Please email hello@targetfollow.com so we can provide additional information.