Targetfollow was incorporated October 1991 by Ardeshir Naghshineh as the property investment and development company specialising in city centre buildings.
We continue actively asset managing this part of historic Royal Tunbridge Wells to ensure that it remains a well presented, desirable location for residents and businesses. The estate totals 61,500 sq ft of Grade II listed accomodation, including 256 acres of common land.
This historic Birmingham building was purchased by Targetfollow in 1999 with vacant possession. We secured detailed planning and listed building consent to restore and extend the property to 197,000 sq ft of Grade A office accommodation.
Our experience in strategic asset management and property and facilities management has delivered the regeneration of Empire House, a 1960's office block of circa 55,000 sq ft situated in the centre of Dewsbury opposite the Town Hall for our client Malcor Estates Ltd.
This was a single let investment to Barclays Bank Plc, purchased in 2001. The freehold interest included 40% of an Island site in the heart of the City of London. We planned and secured consent for the so-called "Can of Ham" office development of 300,000 sq ft NIA (Net Internal Area). This investment and development opportunity was sold in 2010, achieving 40% above the initial purchase price.
A freehold multi-let investment purchased in 2005. After successful extensive refurbishments to approximately 65% of the office accommodation, it was rebranded as a landmark office obtaining 100% let status for the first time since construction. Targetfollow increased the annual rent roll by £2m. It was sold as an investment and development opportunity in 2011, achieving 48% above the initial purchase.
This is situated in the heart of Edinburgh's prime west end. The property was purchased in August 2007 with vacant possession and shortly afterwards we commenced a major refurbishment programme to ensure that the property became a centre-piece of the district.
We successfully pitched for a contract to strategically asset-manage a mixed use UK-wide portfolio of 31 properties totalling 2.7m sq ft. The contract was re-tendered in 2011 with Targetfollow successfully securing an ongoing instruction. Since our appointment we have overseen the sale of assets to the value of circa £450m.
Targetfollow has received planning application approval for the comprehensive redevelopment of this city centre riverside location, comprising both reuse of existing buildings and new-build. A high-quality residential-led mixed use development it will provide 154 units (a mix of 1-bed and 2-bed apartments, and 4-bed townhouses), with around 500 square metres of commercial floorspace.