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 £25m, 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 four years to 30 September 2016 net assets increased 46.9% from 1,277p per share to 1,876p per share, with a further increase of 13.3% to 2,126p at 30 September 2017. The group benefits from substantial cash deposits and ongoing profitability. The dividend increased from 12.55p per share to 14.0p per share over the period from September 2013 to September 2016 and, for the current year, has been increased by 10.7% to 15.5p per share.
Richard Wollenberg, Chairman, commented on the results for the year ended 30 September 2017, announced 28 November 2017:
“Despite continuing economic and political uncertainty surrounding Brexit negotiations and government policy, activity in the Thames Valley commercial property market continued during the year to maintain previous high levels. Enquiries for commercial lettings, whilst initially easing in the early part of the calendar year, have recently improved. The investment market continues to attract interest from income driven investors.“
A copy of the Annual Report 2017 is available in pdf format by clicking 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.