From sourcing to exit, under one roof
Proprietary deal flow, institutional underwriting and hands-on asset management, with regulated governance.
What we do
Off-market deal flow
Proprietary opportunities with direct access to sellers, including below-market and discounted purchases from distressed sellers.
Institutional underwriting
Institutional-grade financial modelling and in-depth property and market analysis behind every decision.
Value creation
Refurbishment, Cat A fit-outs, planning gains, extensions and conversions, through to sales to owner-occupiers.
Active asset management
Hands-on management of rent reviews, lease renewals, surrenders and re-letting to maximise long-term value.
JV & AIF management
Bespoke joint ventures between investors and the funds we manage, aligning capital with high-conviction strategies.
Partnership with investors
Transparency, collaborative partnership and rapid, decisive execution, working hand in hand with investors.
Regulated governance
Small registered UK AIFM. Both Directors take part in every acquisition, financing and disposal decision.
Experienced, aligned team
A c.£2bn founder track record, a co-founder leading a €300m+ fund since 2008 and two seasoned non-executives.
From sourcing to exit
Acquisition, asset management, value creation and disposal handled by one team, under one roof.
2 London Bridge: £21m to £32m in 18 months
The same £21m office investment, self-managed by an investor or actively managed by Piccadilly & Co.
| Over 18 months | Investor self-management | Piccadilly & Co management |
|---|---|---|
| Investment | £21m | £21m |
| Management | Carried out by the investor | Active management by a professional team |
| Upside | Limited | Eleven value-creation initiatives |
| Rent | 5.5% yield: £1.3m | Increased to market rent |
| Exit price | £22.5m | £32m |
| Dividends | £1.5m | £11.7m |
| IRR | 5.6% | 42% |
Eleven value-creation initiatives
- Change of use to retail
- Cat A fit-out of vacant units
- Re-tendered service contracts
- Reduced maintenance costs
- Renegotiated break options
- Extended lease terms
- Appointed letting agents
- Let vacant units
- Improved IT infrastructure
- Increased to market rent
- Synchronised lease terms
Same asset, same £21m: active management added £9.5m to the exit price and £10.2m in dividends.
Track record of the principals of Piccadilly & Co, including transactions completed for previous employers and clients. Past performance is not a reliable indicator of future results.