Archive: Nov 2016

  1. BCEG receives prestigious British business award

    On 3 November 2016 BCEG (Beijing Construction Engineering Group) received the Chinese Investor of the Year Award at the British Business Awards 2016 hosted by the British Chamber of Commerce and held at the InterContinental Hotel at Shanghai Pudong, China.

    The British Business Awards recognises excellence in innovation, enterprise and endeavour between British and Chinese businesses.  BCEG were joint winners of the Chinese Investor of the Year award with Sanpower Group.

    Of BCEG the judges said: “BCEG is a leading construction and engineering company in China and is already active in global markets.  As a major state owned enterprise and with operations in 27 countries, BCEG is a diverse business across a number of sectors around the world.

    “The British Business Award for Chinese Investor of the Year recognises organisations which have made an outstanding contribution to Sino-British trade and relationships.  With its ongoing investment in the UK since 2013, BCEG has shown great dedication to the local city councils, communities and its partners, and has become an ambassador for the two countries.”

    BCEG is wholly committed to its relationships with the UK particularly in Manchester where BCEGI Construction (UK) Ltd is working on three projects:

    • One of the largest projects in the UK, the £800 million Airport City. BCEGI is an equity and construction partner working alongside Manchester Airports Group, Carillion PLC and the Greater Manchester Pension Fund.
    • The £700 million Middlewood Locks development just outside of Manchester City Centre.  BCEGI is the main contractor on the project for Scarborough Group International.
    • The £200 million St Michael’s scheme in the heart of Manchester City Centre. BCEGI is an equity and construction partner along with Rowsley and The Jackson’s Row Development Partnership (owned by Gary Neville, Ryan Giggs and Brendan Flood).

  2. Landmark Investments Group clears £185 million in deals

    Landmark Investments Group announced it has placed £185 million of ground rent deals into lawyers hands, including its largest ground rent deal of the year being in excess of £70 million, to financial year ended 30 September 2016.

    Established in 2000, Bolton based Landmark Investments Group main area of activity is the acquisition and management of residential and commercial ground rents.  The activity covers Landmark’s own growing portfolio as well as deals for a number of retained clients.  It is estimated that the deal haul covers in excess of £7bn worth of land and property.

    Landmark Investments Group own portfolio has now surpassed £35 million, up from £25 million at the last financial year end and is expected to clear £50 million in the next twelve months.

    Mark Hawthorn, managing director, Landmark Investments Group said: “The past twelve months has seen Landmark Investments Group continue to grow and lead the market as advisors, investors and managers.  We have put almost £300m of stock into lawyers in the last couple of years.

    “We continue to see big opportunities for commercial property owners around the creation of commercial ground rents on new and existing stock.  This year we have also been awarded investment and management mandates from major institutions and we expect to be looking after over 20,000 units within next few months.

    “We recently soft launched Landmark Development Solutions (LDS), a new division to the Group which is an innovative and new alternative sales channel for residential developers, offering the removal of risk and the retention of rewards associated with development.”

    LDS will contractually underwrite entire housing schemes pre-construction, removing developer’s fears around future pricing and demand.  The developer is then free to market and sell the units as per usual, any sales will offer a profit share for both parties.  At the end of the construction and marketing process LDS will acquire any unsold units, allowing the developer and its lenders a clean exit.

    The year end results for Landmark Investments Group were covered by the business press including Manchester Evening News.