CORPORATE PARTNERSHIPS

Abstract has pursued a strategy of limited diversification where it has identified interesting opportunities for value creation and enhancement.

With its knowledge of the Property Sector, Abstract looks for a combination of strong management with significant sector expertise and a low entry price where it perceives increasing demand, restricted supply and strong growth prospects.

In relation to non-property related activities, Abstract looks for companies engaged in disruptive technologies with strong management and significant market potential.

 

ROXHILL

In 2010 Abstract, working alongside management, introduced the finance for and invested in logistics developer, Roxhill Developments Group Ltd.  Abstract and management co-invested alongside Forum Partners in the first round providing £40m in total for the Company.  The Roxhill management is led by David Keir and Jason Dalby, both of whom have significant previous experience with Kingspark, ProLogis, Rosemound and Goodman.  In March 2012, a further £40m was committed to this venture by CBRE Investors and Forum Partners.

The company has secured land and interests over land in the region of 2,000 acres in the key logistics areas of the Midlands and the South East and enjoys a strong development pipeline which potentially, subject to planning, could be as large as 20 million sq ft.

For detailed information please visit :-

www.roxhill.co.uk

PHARMACY2U

Abstract is a significant investor in Pharmacy2U, which is one of the first on-line pharmacy companies in the UK. Established in 1999, Pharmacy2U has played a pioneering role in bringing about changes and in shaping the health agenda in the new era of online pharmacies. It is now the country’s largest dedicated internet and mail order pharmacy.

For detailed information please visit :-

www.pharmacy2u.co.uk

VENTURE CAPITAL

In March 2001, Abstract acquired a 20% interest in a care home operator. Abstract procured both equity and debt finance to expand the operation, enabling it to increase the number of care beds it operated from 4,000 to 7,700 over the following 12 months and in August 2002 the company was sold to West Private Equity.  The company was worth £15 million at the start of Abstract’s involvement and was sold in August 2002 for over £46 million.

CONSULTANCY

Abstract has undertaken consultancy support work over a number of years.  In October 2002, Abstract was appointed by J.P. Morgan Cazenove to assist them in the quantification and negotiation of their dilapidations liability in respect of their former premises in the City of London. The success of this mandate led to the release of a significant reserve by J.P. Morgan Cazenove in 2004.

Abstract was appointed by ProLogis to provide special consulting services throughout Europe. As part of this work Abstract set up an office in Moscow to run a feasibility study of the Russian market for ProLogis. Prologis, is the largest developer and owner of warehousing in the world.

Over the last few years Abstract has been actively advising a number of major international investors seeking to restructure debt portfolios.  Abstract has now been involved in transactions with property assets valued in excess of £1 billion, interacting directly between the investors and banks and seeking to achieve long-term solutions to these problems. Abstract has also been active in the CMBS market and has traded this debt in its own right.

In September 2013 Abstract concluded its advisory role for the international law firm, CMS Cameron McKenna, in its search for a new office in the City of London.  As a result of Abstract’s work, CMS leased 140,000 sq. ft. in Cannon Place and was subsequently able to expand its occupancy to 226,325 sq. ft. as a result of its merger with Nabarro and Olswang.

Whilst not actively involved in the residential sector, Abstract has been providing corporate advice to Regal Homes in relation to a number of its recent projects.  In addition, Abstract was responsible for introducing a large development project in Whitechapel to GreenOak Real Estate Advisers.