The group seeks to enhance shareholder value by developing its property portfolio and through strategic acquisitions.
The Cardiff Property plc is quoted on the London Stock Exchange (ticker symbol CDFF).
The group, including Campmoss Property Company Limited, our 47.62% joint venture, specialises in property investment and development in the Thames Valley. The total portfolio under management, valued in excess of £37m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire.
The effectiveness of the group’s strategy is reflected in its performance over recent years. In the five years from 30 September 2009 net assets increased from 1,065p per share to 1,500p per share at 30 September 2014 despite the economic downturn causing a slump in property prices in the early years. A further increase of 13.3% to 1,699p was recorded in the current year. The group benefits from substantial cash deposits and ongoing profitability. Dividend increased from 12.30p per share to 12.95p per share over that same period and, for the current year has been increaed by 4.25% to 13.5p per share.
Richard Wollenberg, Chairman, commented on the results for the year ended 30 September 2015, announced 1 December 2015:
“Confidence in the Thames Valley property market continued to improve during the year under review. Commercial property agents reported an increase in letting enquiries and subsequent take up from both local and national businesses as well as new corporate clients. Office and industrial rents have generally increased by 5% and it is now noticeable that this is being complemented by a growing level of new development.”
A copy of the Annual Report 2015 is available in pdf format by click here.
The group wishes to acquire further commercial and residential sites and properties and any such opportunities should be sent to the company for the attention of Richard Wollenberg.