Year 2000

    500 kft2 of mixed office / manufacturing space

    20% occupancy

    Very high servicing costs

    All services outsourced

    3 offers for sale £20 - £21m

 
    Reduce servicing costs

    Flexible occupancy

    Pay for occupied space only

    Upgrade building for sub letting

 
    Create new property company

    All vacant space and investment risk with new company

    Offer fully serviced leases on flexible terms

    Self perform all services

  
  Year 2006

    In excess of 90% occupancy

    £20m invested in buildings > 20% IRR

    Services 10% below market rate

    95% of rent element of revenue sold for £54.2m

    UK Science Park status

    £54m returned to shareholders in total