| Langtree Group is now a national property
business with activities spread across the UK, managed from
its 3 regional offices and is acknowledged
for its technical and financial resources that allow the
business to take on large and complex opportunities.
The
Group is now recognised as a specialist in urban renewal
and its solid
reputation is built on its track record of
consistently delivering results. Our in-house property management
expertise and development skill can be brought together to
swiftly evaluate any new property opportunity. The Group’s
financial strength allows us to act quickly with the flexibility
to invest in long term development opportunities, often creating short-term
income whilst redevelopment is progressed.
Langtree
has invested significantly in its three regional offices
to ensure consistently high performance
whilst extending its geographical reach. This investment
has allowed us to create significant new opportunities in
areas such as the East and West Midlands, the Northeast,
as well as our original bases of the Northwest and Yorkshire.
The
Group’s investment property portfolio now approaches £100
million and with active asset management we continue to improve
the quality and diversity of the portfolio and our growing
development activity now includes retail, city centre offices
and residential schemes in addition to our continued industrial
development programme. Langtree
Group Financial Results for Year Ending 30th June 2003
-
Profit before tax up 16% to £6.6m
- Net
asset value up 11% to £62.6m
- Portfolio
value up 16% to £97.6m
|
