Conversion and development
Our Wimbledon and Egham projects have converted former commercial buildings into homes.
Project experienceCirca45 / Further information
Future plans
Our proposed services and longer-term direction. These remain subject to establishment, agreed mandates and separate terms.
← Back to Circa45EXPLORE / PORTFOLIO BUILDER
Build your own
property portfolio.
Property ownership under an individual mandate.
We are developing a service for investors seeking to acquire and retain property, with support through acquisition, improvement, letting and oversight. The mandate and responsibilities would be agreed individually.
Discuss your portfolio plans ↗Proposed service, subject to an agreed mandate, due diligence and final terms. Ownership rights, fees, profit sharing and responsibilities would be set out before any commitment. Capital is at risk and property can be difficult to sell.
VIRGINIA HOUSE / EXISTING C45 PROJECT
Illustrates our property experience, not an available portfolio acquisition.
- 01Define your brief
Agree your objectives, available capital and ownership horizon.
- 02Assess the property
Test the price, rent, condition, borrowing and work required.
- 03Build and oversee
Coordinate delivery, specialist management and clear reporting.
Our future
Longer-term direction
Building on
our experience.
Our experience includes residential conversion, student accommodation and flexible workspace. We intend to build on this work through selective acquisitions and capital partnerships suited to each project.
Property in use
Virginia House is marketed for student letting. Mill House was operated as workspace and subsequently sold.
Operating experienceSelective expansion
Further acquisitions and investment structures would be assessed against the property, available capital and delivery capacity.
Under considerationOUR CAPITAL PARTNERSHIPS
Working with
capital partners.
We welcome discussions with private investors and family offices interested in UK residential and commercial property. The starting point is a defined investment brief and a property that merits consideration.
The mandate, ownership, decision-making responsibilities and commercial terms would be agreed before capital is committed.
Discuss a capital partnership ↗OUR INVESTMENT APPROACH
How we select,
improve and
manage property.
The case for an acquisition must rest on the property: its use, condition, income and the work required. We assess the plan against higher costs, lower income and a longer holding period.
The proposed delivery team, management arrangements and reporting should be established for each asset before investment.
Residential + commercial
Selected homes, workspaces and mixed-use buildings where demand, condition and the scope for improvement support the plan.
Income after costs
Assess rent alongside maintenance, management, vacancies, borrowing and the work required. Test the whole ownership period.
A reason to own it
Establish why C45 is suited to the opportunity, how value could be created and when holding, refinancing or selling may make sense.
STRUCTURE · IMPROVEMENT · OWNERSHIP
Agree the investment plan.
Assess the property, agree the structure and plan how capital is used. Develop consistent acquisition criteria, funding controls and reporting around each project.
Project disciplineImprove the property.
Improve residential and commercial property through planning, development, refurbishment and better management. Choose whether to sell or retain each asset on its merits.
Development + improvementRetain income-producing assets.
Where the income and condition support continued ownership, consider retention and reinvestment of available profits.
Income + retained ownershipINFORMED BY THE WORK WE DO
Our experience
in practice.
Our projects include homes developed for sale, apartments operated for rental income and a former office converted into workspace.
These are examples of C45’s property experience. They are not a seed portfolio, confirmed fund acquisitions or evidence of future fund returns.
BUILDING TOWARDS OUR LONG-TERM AMBITION
How we intend
to grow.
Growth would depend on new equity, property performance and retained profits. A fund structure remains a future possibility, subject to its own establishment and terms.
NAV means the value of assets less liabilities. Borrowing, money raised and the total value of properties managed are not themselves NAV. Assets owned by investors or separate funds would not automatically become C45’s own net assets.
The contribution of any partnership to Circa45’s net assets would depend on its ownership structure and performance.
Long-term ambition
Circa45 has set a long-term ambition of £450m in net asset value. This remains an aspiration, dependent on the ownership structure and performance of future investments.
£450m is a long-term goal, not the value of the business today, a forecast, an offer or a guarantee. Reaching it depends on funding, investment performance, planning decisions, regulation, market conditions and successful delivery.
WHAT WE AGREE WITH OUR PARTNERS
01
Investment scopeWhich assets belong in each strategy, and when to develop, sell or hold.
02
Structure and oversightOwnership, decision-making, independent review and reporting.
03
Economics and deliveryCosts, borrowing, investor terms and the team responsible for delivery.
INDIVIDUAL AND SHARED MANDATES
Portfolio Builder explores a bespoke mandate for an individual investor or connected group. The fund strategy explores a shared portfolio under a defined mandate for multiple investors. Each route would have its own mandate, ownership structure and terms, agreed with the investors involved.
We welcome partnership discussions. Participation is subject to investor eligibility, due diligence, an agreed structure and final legal documentation. Capital is at risk; income, growth and exit timing are not guaranteed.
The future structure
The strategies
we are developing.
We plan to develop separate strategies for property development, rental income, operating assets and regeneration.
Development
Acquire · Plan · Build · SellBuy property, secure the right plan, complete the work and sell when the project is ready.
Income + hold
Acquire · Improve · Refinance · HoldImprove residential and commercial property, then hold it for income and long-term value.
Operating assets
Reposition · Operate · ManageOwn and run places where better service and management can improve performance.
Regeneration
Assemble · Transform · StewardConsider larger sites where funding can accommodate planning, infrastructure and phased development.
These are future strategy ideas only. No fund, investment terms or availability are being offered on this page.