Topland Group is one of the largest privately owned international investment groups, with a significant number of property assets. We have our own significant cash reserves and are therefore well placed to continue with the acquisition of both large corporate deals and property assets, with plans to increase our portfolio by a further $1.8 billion in the foreseeable future, taking advantage of current market conditions.
We are well known for the acquisition of 33 supermarkets and two distribution centres from Tesco in 2004, as well as the Marks & Spencer portfolio of 78 stores in 2001, which is now valued in the region of $1.2 billion, and more recently the first phase of a €1bn Joint Venture with Eroski Sociedad Co-operativa in Spain.
We are diversifying into Europe, having acquired assets in Germany, Ireland and now Spain, and pride ourselves on the diversity of both our product and the sectors we consider.
Our assets range from City of London offices such as the Addleshaw Goddard building in Aldersgate, the ABI headquarters in Gresham Street and Merrill Lynch headquarters in King William Street to large distribution units such as the 330,000 sq ft warehouse at Trafford Park, Manchester, occupied by Kelloggs. We invest in the leisure sector, holding portfolios in both pubs and hotels, including six prime located London Thistle hotels. For some time we have invested in the healthcare sector, such as doctors' surgeries and hospitals, and will consider PFI projects in this field.
The Group's diversity of sector is matched by its diversity of product. We have completed the development of a 170,000 sq ft office in Bristol, occupied by Clerical Medical, and have built large distribution units, retail warehouses and offices for other major tenants.
Joint ventures are considered on a regular basis in all areas.
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