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

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

HR OWEN AGREES TURNKEY DEAL WITH ARLINGTON AT HATFIELD BUSINESS PARK

March 23, 2021 - 11:27

Arlington has agreed a freehold turnkey deal with luxury and supercar dealer HR Owen Plc for a new showroom at Hatfield Business Park, Hatfield, Hertfordshire. Arlington has sold a five-acre plot to [...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR