ASSET MANAGEMENT
STUDENT HOUSING
Ardmuir Portfolio
Following a strategic review, SFG was appointed asset manager by Trident Trustees Limited for the 850-bed portfolio of six PBSA assets in Aberdeen and Dundee.
SFG led the transition of the portfolio from a family-owned and operated structure with ~60% occupancy to one running efficiently and at 100% occupancy. This included several strategic and operational initiatives including the evaluation and appointment of UK leading student accommodation specialist, Mezzino, to professionalise the operations and overhaul the key marketing and reporting services.
Our services included director and corporate services, strategic governance, asset, property and financial management, reporting and budgeting and oversight of the operator, Mezzino.
The portfolio was typically three-bedroom flats with a shared bathroom, large communal kitchen and living space, offering an independent living experience - much more like large scale HMO accommodation than traditional student halls.
Following the turnaround, SFG led the sale of the portfolio to a private investment company in August 2023. This included all due diligence relation services, negotiation of the bid and counter-bid, sale and purchase documentation and managing the transaction to successful close
University of York
York, UK
SFG introduced the opportunity to purchase a 50% stake in a joint venture with the University of York to Foresight who acquired on behalf of a major UK pension fund client.
The assets acquired (Goodricke College and Langwith College) total 1,239 beds and have been operational for around 10 years.
Following on from our introduction of the opportunity, SFG was asked to coordinate the due diligence for the acquisition and was appointed under a long-term Management Services Agreement to provide an asset management role for Foresight and their client.
Our services include financial management, reporting and budgeting and oversight of the hard and soft FM and lifecycle services delivered by the providers along with management of the project SPVs, debt reporting and covenant management and associated reporting and filing
RETAIL
Rossio Pombalino
Lisbon, Portugal
Asset manager for a global family office who acquired the 10,000 square metre landmark and former hotel retail building fronting the iconic Praça Dom Pedro IV and Praça Figueira squares in central Lisbon.
The ‘Rossio Pombalino’ project has seen 7 buildings refurbished into a super prime flagship retail centre in Lisbon’s downtown. Once built, the project will renew the area, bring life and modernity whilst preserving the history and maintaining the commerce alive and dynamic downtown.
A global fashion retail group will lease the stores, occupying most of the buildings due to be completed in Q1 2024, co-existing with the existing historic store, Pérola do Rossio.
SFG has led as co-asset manager under the ‘SFLX’ collaboration to provide director and corporate services, strategic governance, asset, property and financial management, construction and development management, leasing, reporting and budgeting services.
RESIDENTIAL
Asset manager for a global family office who, in 2018, acquired, 37 apartments including four shell and core penthouses in Southbank Tower (SBT), one of London’s most prominent luxury residential developments.
SBT is a 41-storey high-rise located on London’s iconic South Bank in Zone 1. SBT represents inspired urban living in a sought-after riverside location offering floor-to-ceiling views that take in the London skyline from St Paul’s Cathedral to the City and exclusive five-star amenities drawing inspiration from the finest hotels. These include a 20m swimming pool, gym with state-of-the-art equipment, sauna and steam room, cinema, residents lounge, and London’s highest residential rooftop terrace. There is also a 24/7 concierge team.
A limited collection of apartments are available for sale with the balance being let and managed by SFG.
Our services include director and corporate services, strategic governance, asset, property and financial management, reporting and budgeting and participation on the Board of the Resident Management Company.
Thoms Estate
North Carolina, USA
Investment manager for Thoms Estates, a private, 80 acre gated community of custom-home sites three miles from downtown Asheville. The community offers district views, walking trails, a scenic lookout, and an open air community pavilion, pickleball/basketball court, playground, community garden, public bus stop, greenway walkway for city walking trail system, greenspace and gathering area, and is adjacent to the Asheville Country Club.
River Dunes Harbour
North Carolina, USA
Investment manager for River Dunes, a coastal maritime village subdivision encompassing over 14 miles of shoreline, with potential for over 650 home sites, 400 marina slips, operating marina facilities including transient docks and fuel dock, showers, commercial/retail space, general store, clubhouse, pool, restaurant, cafe, spa and wellness centre, tennis courts and associated amenities.
Martingale Estates & Commons
Florida, USA
Investment manager for:
Martingale Estates, a private 168 acre Ranchette subdivision development currently comprised in 21 freehold platted estate lots in separate parcels from 5 to 20 acres with completed road access and driveway connection to State Road 714 in place and adjacent wetlands.
Martingale Commons, a 33 acre entitled commercial park directly off of the I-95 featuring 100,000 square feet of buildable square footage with zoning for up to 4 stories and a flexible site plan and adjacent wetlands. The location is currently proposed as a 11 lot subdivision with various permitted uses (restaurants, gas stations, offices, retail, and hotel.
Crest Mountain
North Carolina, USA
Investment manager for Crest Mountain, a private, 165-acre gated community of single family estate lots, seven minutes from downtown Asheville, offering mountain and district views, walking trails, waterfall and parklands, community gazebos alongside existing condominiums and sustainable eco-village and nearby Crest Center, River Arts district in West Asheville, and Asheville Country Club
Cove & Willoughby Commercial
Florida, USA
Investment manager for 36 Acres of Commercial Property located on the corner of Willoughby and Cove Road. The property comprises four commercial development parcels adjacent to Martin Memorial Hospital, Indian River State College and two new care facilities. Located in established community with high demand for medical services, in the centre of area population and with convenient access to nearby markets.
Meadow Run
Florida, USA
Investment manager for 25 remaining lots at Meadow Run, an equestrian, gated community of 5 acre lots located in Palm City, Florida with easy access to the Florida Turnpike and I-95.
HOSPITALITY
Napa Resort & Spa
California, USA
Investment manager for Napa Resort & Spa sites which include approved entitlements and plans for a ten 1- 4 story buildings comprising a 351 luxury hotel keys inclusive of up to 201 condominium units and associated amenities - 20,000 feet of conference and meeting space, a 590 stall subterranean garage and 14 surface parking spaces, multiple food & beverage outlets, a 12,000 square-foot spa, health club, indoor and outdoor pools and retail use.
Development also includes prime commercial retail site on the corner of First St and Silverado Trail comprising 2-acres with 16,000 square foot building formerly used as a Wine and Spirits market and car parking.
Marlin Bay Yacht Club
Florida, USA
Investment manager for Marlin Bay Yacht club, a state-of-the-art private marina community centered around a completed 99 boat slip marina basin (25 boat lifts) with 13 luxury detached single-family units, 71 vacant single- family development lots, along with along with clubhouse, fitness centre, business centre, dockmaster building commercial space, bar and pool.
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