• Privacy policy
  • T&C’s
  • FAQ
  • Meet the Team
  • About TLE
  • Advertise
SUPPORT FREE INDEPENDENT JOURNALISM
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Property

Fancy life on a farm? This one might just be out of your price range

Strutt & Parker (Farms) Ltd is a “multi-asset rural property company” based across Essex, Suffolk and Cambridgeshire and is one of the largest agriculture businesses in the UK.

Joe Mellor by Joe Mellor
September 11, 2018
in Property
Fancy life on a farm? This one might just be out of your price range

A 33,000 acre farm business with more than 120 homes and a natural burial ground has been put on the market for more than £200 MILLION.

Strutt & Parker (Farms) Ltd is a “multi-asset rural property company” based across Essex, Suffolk and Cambridgeshire and is one of the largest agriculture businesses in the UK.

It is expected to generate revenue of £21 million in the 2018 financial year and this is the first time it has been on the open market in its 100 year history.

The residential portfolio is made up of 121 freehold properties of various styles and types including houses, cottages, bungalows and flats let on various tenancy types, bringing in more than £1 million per year in rent.

Strutt & Parker (Farms) Ltd was founded and incorporated in 1918 by Edward Strutt and Charles Parker who were farming neighbours and good friends.

RelatedPosts

London’s epic success story – Groundbreaking co-living concept marches to European expansion on back of success in the capital

Villagers have blasted “pathetic” thieves who regularly steal the sign from their street – Bell End

Lib Dems propose a “loan to rent” to help first time tenants

Short-term rental management company announces $1billion property portfolio

Their two shareholdings have been passed down over five generations – and there are now more than 80 shareholders with many having limited personal connection to the business.

It is a different business to the estate agency firm, which is owned by BNP Paribas Real Estate.

The farming business, spread across 33,000 acres, is one of the largest operations of its type in the UK with the majority of the land classified as grade 2 and 3, capable of growing a wide range of crops including cereals, other combinable crops and root crops.

In addition, significant investment has been made into a number of renewable energy operations (including 2 anaerobic digestion plants), a natural burial business and a portfolio of smaller commercial lets.

The shareholders want to sell Strutt & Parker (Farms) Ltd as a single share transaction and the deal, which will be in excess of £200 million, is being managed by Savills and Deloitte LLP.

It is thought to be the biggest agricultural business sale since 2014, when The Co-operative sold its farming wing to the Wellcome Trust for £240 million. This was made up of 39,000 acres and more than 100 properties.

Alex Lawson director of Farms and Estates, Savills, said: “It is well reported that growing regional and global demographics coupled with climate change are driving the need for greater food production as well as increasing the demand for housing and other facilities in the South.

“Having evolved during the past one hundred years into the company it is today, Strutt & Parker (Farms) Ltd is in an exceptional position to further transform, increase revenue and capital appreciation.”

There are a number of renewable energy enterprises within the portfolio with income derived from a range of technologies including two substantial anaerobic digestion plants, onshore wind, and ground and roof mounted solar photovoltaics.

The approximate total revenue generated from these renewable energy enterprises is currently £7.6 million with considerable potential for improvement as operations reach full maturity.

The portfolio also includes a natural burial site near Chelmsford, which opened within the past 12 months.

Strutt & Parker (Farms) Ltd also owns The Whitbreads Business Centres, based around two converted farmsteads in Essex, which provides 48 serviced office units and brings in £400,000 per year.

David Jones, corporate finance partner, Deloitte, believes interest in the farm business will come from both domestic and overseas high net worth individuals.

He said: “It is very rare for an opportunity of this scale and diversity to come onto the open market in the UK and for the overseas buyer the current weakness of the pound against the dollar adds to the attraction.

“We also anticipate enquiries from institutions looking for long-term asset backed investments that are blue chip in nature and generating a positive yield, as well as property companies looking for a secure long term investment with various opportunities for growth.”

 

Support free independent investigative journalismSupport free independent investigative journalismSupport free independent investigative journalism
Joe Mellor

Joe Mellor

Head of News & Social Media at The London Economic

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending fromTLE

  • All
  • trending
Jeremy Corbyn is the most smeared politician in history

Jeremy Corbyn is the most smeared politician in history

The story of how the Conservatives crippled the country

The British Government has ruined my life

SWNS Pictures of the Year 2015 - One hundred of the most compelling images on the SWNS wire this year as chosen by our picture editors. Refugees from Syria leave Glasgow Airport in five coaches in heavy rain, November 17, 2015, from where they will be dispersed to their new homes within Scotland. See SWNS story SWREFUGEE: The first charter flight carrying Syrian refugees arrived in the UK yesterday (Tues) as part of the Government's resettlement scheme. Around 100 people were transported by plane from refugee camps in the Middle East, travelling from Beirut in Lebanon to Glasgow Airport. Many have been described as vulnerable and some had stayed in camps for up to four years. Landing in Glasgow at 3.30pm yesterday afternoon, the first arrivals were expected to be resettled by local authorities across the country, including Glasgow and Edinburgh.

Lift The Ban petition reveals staggering cost to UK economy of asylum seekers being banned from working

Latest from TLE

Elderly driver reverses through window of Tesco cafe packed with Christmas shoppers

Elderly driver reverses through window of Tesco cafe packed with Christmas shoppers

Auto Draft

Britain’s youngest new MP will take half of her salary until other public sector wages rise

Sue you later alligator? – Louisiana sues California over alligator ban

Sue you later alligator? – Louisiana sues California over alligator ban

National Lottery Results – Wednesday 3rd July 2019

National Lottery Lotto Results – Saturday 14th December 2019

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Address

TLE,
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

Contact

Editorial enquiries, please contact: jack@thelondoneconomic.com

Commercial enquiries, please contact: advertise@thelondoneconomic.com

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Lifestyle
  • Food
  • Property
  • Travel
  • Tech & Auto
  • About TLE
  • Meet the Team
  • Privacy policy

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.