“This is an exciting time for the future of The Helmsley Group. Now in our 38th year, we have over £60m worth of property in development. Our syndicated investment portfolio is worth over £130m, with zero debt, and continues to offer average yields of 6.3%/an, while our development lending department has now lent over £47m.
As the business continues to grow and we inevitably plan for succession, our very own Richard Peak MRICS takes on the pivotal role of Managing Director. Sue Jones takes on the enhanced role of Group Financial Controller and Max Reeves is welcomed to the board, taking on the mantle of Development Director.
Richard has been part of the Helmsley family for over 20 years and understands each and every aspect of it, initially joining to work alongside myself (dealing with the detail!), then deftly managing our development business for many years. He oversees our development lending team, where he looks after a multi-million pound loan book, delivering an excellent average return to clients of 10.6%/an.
All of us at The Helmsley Group and many of our clients will be saying an incredibly fond farewell to Ian McAndrew when he retires later this year. Ian has helped grow our business for over 15 years and his expertise and knowledge will be greatly missed. Although Ian will be around from time to time providing support where required and ensuring a smooth handover of projects, it will continue to be ‘business as usual’, with Ed Harrowsmith continuing to source well-let investment opportunities to add to the portfolio. Ed will also be liaising with our syndicated property clients and will supported on a day to day basis by Group Surveyor Tom Sykes, along with the rest of the Helmsley board and colleagues at our sister property management company, Colenso.
We look forward to working with you all this year and here’s to developing more of your wealth through property.”
John Reeves, Chairman
p.s. On Friday 9th March, three of us slept out in York to raise awareness of youth homelessness, if you’d like to donate to this incredible cause please click here http://uk.virginmoneygiving.com/RichardPeak
