Prime Property Investment and Development

Retail Property Investment and Development

Financial Strength

CPG was established in 1986 and has grown to be one of the largest private property development and investment companies in the UK.

The Group currently has assets in excess of £180,000,000 and a rental income from blue chip tenants of over £10,000,000 per annum. This coupled with just 10% gearing and backed by high reserves of cash ensures the Group is exceptionally well financed, justifying its D&B rating of 5A1.

Originally CPG’s flagship investment was the 300,000 sq. ft. Centre Retail Park in Oldham. This is one of the largest retail parks in the country and was developed in phases over a 10 year period. It was sold to British Land plc in 2006 and was regarded as a ‘top of the market’ sale. The Company remained in cash until 2009 with over £100,000,000 on deposit awaiting reinvestment in prime property.

In 2009 CPG were one of the top privately funded investment companies having acquired, Exe Bridge Retail Park in Exeter (since sold following redevelopment), Chester Retail Park, Malvern Shopping Park (since sold for £75,000,000) and Eastgate Retail Park. The Group continues to actively asset manage its portfolio.

Since then CPG has successfully maintained a significant development programme with prime commercial projects being completed and retained within the Group including Bicester Shopping Park, St Michael’s Retail Park in Penzance, Drake House Retail Park in Sheffield and Kingsley Village in Cornwall. In addition a major retail scheme in St Albans has been forward Funded with Lxi. Fordton Shopping Park in Warrington has been completed and sold to London Metric.

In 2019 during a period of significant uncertainty the company maintained a development programme of over £100m. In addition, the Group has a number of prime projects at either planning or construction tender stage across all sectors including hotel, care home and build to rent. Although historically focused on retail assets the company now has a diversification programme but will always target the very best locations which has been a key part of its success.

CPG uses its significant cash reserves and strong rental income flow to finance its development activities either wholly inhouse or with bank finance using long established bank relationships. The financial strength of the Group has enabled it to continue to develop and invest with a philosophy of concentrating on prime sites and working proactively with stakeholders including occupiers, landowners, local authorities and financial institutions.

The financial strength of the Group means that there is no restriction on the size of development that can be undertaken.

Bankers to CPG:
Handelsbanken
48 Alderley Road
Wilmslow
Cheshire
SK9 1NY

Accountants to CPG:
Lopian Gross Barnett & Co
Riverside
1st Floor
Cloister House
New Bailey Street
Manchester
M3 5FS

 

GROUP COMPANIES INCLUDE

Gemsupa Ltd
CPG 2016 Ltd
CPG Penzance Ltd
Consolidated Property Wilmslow Ltd Executive Pension Plan
CPG Bicester Ltd
CPG Chester Ltd
CPG Bristol Ltd
CPG Macclesfield Ltd
CPG St Albans Ltd