YardNine

YardNine is a property development and management company, operating across a range of asset classes.

The company was founded in 2017 by Maxwell Shand and Campbell MacDougall, both former directors at property development firm Exemplar.[1][2] Exemplar was the developer responsible for Lyon House, a 240,000 sq ft building in Croydon, London, and Fitzroy Place, a 750,000 sq ft mixed-use development in London's Westminster.[3]

YardNine
Industry Real estate
Founded 2017
Founder Campbell MacDougall
Maxwell Shand
Headquarters 26 Carnaby Street, London, United Kingdom
Website yardnine.com

Projects

The company's first project was to bring forward the development of 80 Fenchurch Street, a 240,000 sq ft office development in London.[4] 80 Fenchurch Street is a 14-storey scheme designed by architects, TP Bennett. TH Real Estate and Allianz partnered to provide £100m in debt finance towards the development of the project, which is owned by funds managed and/or advised by Partners Group and developed by YardNine.[5]

In July 2018, YardNine, backed by Invesco Real Estate,[6] purchased 40 and 50 Eastbourne Terrace in Paddington for £110m (€124m)[7] from Hermes Investment Management and Canada Pension Plan Investment Board.[8] 40 Eastbourne Terrace, is an 84,450 sq ft office, occupied by oil firm McDermott's Chicago Bridge & Iron Co subsidiary until March 2021.[9] 50 Eastbourne Terrace has planning consent for a new 94,185 sq ft office and retail scheme with a terrace of seven mews houses. Both buildings sit opposite Paddington mainline rail station.[10]

References

  1. ↑ "Exemplar directors launch firm to finish 80 Fenchurch Street". EGi. Retrieved 24 September 2018.
  2. ↑ "Spitalfields' historic wool exchange saved". London Evening Standard. Retrieved 2 October 2018.
  3. ↑ "Daniel Van Gelder: The London property developer who shies away from". London Evening Standard. Retrieved 2 October 2018.
  4. ↑ "80 Fenchurch Street, EC3 – New London Development". New London Development. Retrieved 2 October 2018.
  5. ↑ "TH and Allianz provide €115m loan for 80 Fenc..." PropertyEU News. Retrieved 24 September 2018.
  6. ↑ "Exemplar spin-off snaps up Paddington mixed-use project • PrimeResi". PrimeResi. 18 July 2018. Retrieved 2 October 2018.
  7. ↑ "YardNine, IRE snap up €124m London office com..." PropertyEU News. Retrieved 2 October 2018.
  8. ↑ "YardNine and Invesco buy Paddington property". Europroperty. Retrieved 24 September 2018.
  9. ↑ "YardNine acquires 40 and 50 Eastbourne Terrace for £110m". Property Week. Retrieved 24 September 2018.
  10. ↑ "Invesco buys £110m Paddington block Information". costar.co.uk. Retrieved 24 September 2018.
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