Salmon Developments Announces Stellar Results

May 11, 2016

Privately-owned trader/developer Salmon Developments Limited has announced its annual results for the year ended 31 December 2015.

On turnover of £17.6m the company made profits of £4.2m while net assets rose to £11.6m. Salmon’s primary operating vehicle is Salmon Harvester Properties Limited, its 50/50 joint venture with NFU Mutual, which produced pre-tax profits of £3.4m on a turnover of £18.7m.

Chief Executive Doug Stewart said: “We had a very busy and successful 2015 completing, letting and selling a number of key projects. We have another £250m plus of development deals in the pipeline, most notably £100m PRS and office schemes in Bristol, a 240,000 sq ft office development in Windsor and a £75m retirement village in High Wycombe.

“Our investment management operation, Salmon Harvester Opportunity Fund was equally successful where the value of the portfolio increased from £172.8m to £191.2m (before sales) giving an annual fund performance of 24.3% and a rolling three year fund performance of over 22% pa. We are expecting 2016 to deliver continued outperformance of the wider market”.

Ends

Latest News

Redevco strengthens leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management

June 24, 2024 - 09:55

  New CEO Neil Slater further strengthens Redevco’s leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management. This is the fourth key hire for Redevco in 2[...]

+ Read More

Haslams Score a Touchdown with Newest Hire

June 24, 2024 - 09:49

The largest independent Thames Valley surveying and commercial property firm Haslams Surveyors LLP has announced the appointment Tom Holwell as their newest Commercial Agency Surveyor. “Tom will pla[...]

+ Read More

GCW RECRUITS NEW MEMBER TO OWNER TEAM

June 24, 2024 - 09:39

GCW, the town centre property consultancy, has recruited Jack Suiter to its Owner team. Working with the head of Owner team and GCW Partner, Nick Warr, along with the wider team, Jack will advise lan[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR