Oval is known for working across all sectors; we invest,
we re-position, we develop, we re-activate. We bring
purpose and method to all our buildings and places.

Regeneration

At carefully selected points in the market cycle we believe in making large strategic land plays where values can be improved through planning.

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Case Study: The Custard Factory, Digbeth, Birmingham

Description: The purchase of a circa 15 acre mixed use city centre estate and an events business within walking distance of the planned HS2 station in Birmingham.

Business Plan: Although the estate already contains a thriving local business community of over 300 tenants, there is the opportunity to increase massing and value through respectful regeneration and management.

Investment Vintage: 2017-current

Current Status: Undergoing master planning and enhancement of the estate.

Investment

We carefully acquire individual assets around a specified strategy to build a diversified portfolio. We then apply accretive finance and on the ground management initiatives to enhance the income streams and increase values.

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Case Study: Project Lords

Description: Piecemeal accumulation of 33 properties across all major asset classes throughout the UK.

Business Plan: Create a diversified portfolio of securely-let secondary assets that with sensible third party debt funding would produce cash on cash returns in excess of 15% per annum.

Investment Vintage: 2013-2015

Current Status: Sold in October 2015


Case Study: Project Newlands

Description: Piecemeal accumulation of 27 properties principally let to the UK government on short-term leases for use as a job centre.

Business Plan: To carefully select mission critical properties where unemployment levels supported the long term future of the occupation of the buildings and to then extend the leases to enhance value.

Investment Vintage: 2015-2018

Current Status: All leases extended to 10 years and portfolio under offer for sale.

Special Situations

We pride ourselves on having the flexibility and understanding to acquire onshore and offshore corporates to create a competitive advantage and drive stronger returns for our investors.

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Case Study: Low Profile Portfolio

Description: The purchase of 6 UK limited companies and the assets of a UK limited liability partnership that held a portfolio of 91 roadside retail assets. The companies were held in a joint venture between GE Real Estate and Paradigm Real Estate. We won the bid from a UK institution due to our ability to acquire the companies.

Business Plan: To benefit from the strong cash-on-cash returns and selectively sell individual buildings via the auction room. All the properties were let on leases in excess of 16 years and the average lot size was less than £1m.

Investment Vintage: 2014-2017

Current Status: Sold in August 2016

Single Tenant Relationships

We find value in providing an open and inclusive approach to managing real estate for large corporates.

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Case Study: Broadway Park, Edinburgh

Description: On consecutive days we purchased the units in a Jersey Property Unit Trust that held two office buildings let to Scottish and Newcastle Ltd and carried out a separate sale and leaseback of two further office buildings all on the same site in West Edinburgh. Having pieced the business park back together we surrendered one of the buildings and subsequently let it to Standard Life Investments Ltd on a new 15 year lease. We fully refurbished the property to the specification of the tenant prior to the completion of the lease.

Business Plan: By piecing the business park back together, the tenant was able to have one conversation with its landlord about its intentions. Having expressed its desire to leave one building, we were able to agree a surrender and subsequently let it to Standard Life Investments Ltd following a comprehensive refurbishment.

Investment Vintage: 2016-current

Current Status: Investment in the market for sale.

Third Party Asset Management

We provide asset and investment management services and procure property and fund management services where we do not co-invest.

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Case Study: Project Traction

Description: We manage a portfolio of 84 assets on behalf of an Asian based REIT.

Business Plan: Deliver solid income returns for the medium to long term.

Investment Vintage: 2016-current

Current Status: Under management.

Oval Real Estate Ltd

Oval is a Property Investor and Developer with offices in London and Birmingham.

VAT No. 201037378
Registered in England and Wales No. 08789406