PRESS MATERIALS

PRESS ENQUIRIES

If you are a member of the press and have an enquiry about Tilfen Land, require photographic materials, or wish to speak to a member of the team, please contact: David Leck on 01322 528580 or 07710 326256 (out of hours), or by email at dleck@tilfenland.co.uk
COMPANY PROFILE

Introduction
Founded in 1999, Tilfen Land is a commercial property development and investment company working at the heart of one of the largest regeneration regions in Europe: the Thames Gateway. Tilfen Land has significant expertise and a proven track record in the following areas of commercial and residential property development:

  • Infrastructure development

  • Remediation

  • Environmental engineering

  • Property management

  • Investment and portfolio management


The company has two shareholders - Gallions Housing Association and Trust Thamesmead: Gallions Housing Association is a registered social landlord responsible for building, regenerating and managing sustainable communities in the Thames Gateway Trust Thamesmead is a charity focused on working with the local community to improve the services, facilities, quality of life and opportunities available to people in Thamesmead.
Financial Position In the financial year ended March 31, 2008, Tilfen Land recorded:

  • income from investment properties up to 6.8 million (6.3 million)

  • void levels of less than five per cent

  • net asset value standing at 116.6 million (131.2 million)

  • investment portfolio of 95.4 million (114.1 million)

  • a net profit before tax of 5.3 million

  • the companys largest ever single development transaction at White Hart Triangle


Flagship Developments
White Hart Triangle a joint venture with Greenwich Council and the London Development Agency has outline consent for one million sq ft of B1, B2 and B8 accommodation across 49.2 acres of net developable land (NDA).
Veridion Park covers 31 acres of NDA with outline planning consent for 680,000 sq ft of office, light industrial and warehousing.
Tamesis Point comprises 47 acres of NDA with outline consent for 2000 residential units along a mile of the Thames in Greenwich.
A YEAR IN HIGHLIGHTS 2007/2008

  • Investment portfolio completed 9 rent reviews; 14 lease renewals; 13 new lettings, generating rental income of £446,000 above budget

  • Signed agreements for lease on Iron Mountain development – two high bay warehouses of 107,500 sq.ft and 93,540 sq.ft

  • Opened new office in Dover Street (relocation)

  • Letting to J.B Riney: 98,000 sq.ft open storage at: £122,500 p.a

  • Letting to Anchor Bay: 19,321 sq.ft warehouse at: £135,000 p.a

  • Letting to Howdens: 10,958 sq.ft warehouse at: £70,000 p.a

  • Sale of part of Sheerness portfolio for: £2.07m

  • Sale of Greenwich Quay office for: £525,000

  • Sale of Centurion Way site to Medina Dairies for: £871,500

  • Completion of sale of Kencot Close site to GLE Estates. Overage receipt of: £632,000

  • Sold 15 plots of serviced residential land for: £716,000

  • Sold 6 units to owner/occupiers at White Hart Triangle for: £5.195m

  • Completed Building C, Woolwich School House (44 units) pre-sold for: £5.026m

  • Completed long-leasehold sale of commercial element of Pentonville Road development: 11,155 sq.ft for: £1.91m

  • Renewed all three leases at Gillingham Business Park: £195,250 p.a

  • Completed new Triangle Day Nursery