Staffordshire-based Anglesey Group – a property management, development and investment company – has been launched following a £6m financing deal with HSBC.
The new company has been formed as part of the recently announced restructure of Pritchard Group, which has seen the group separate into two entities: Pritchard Group, which will manage the ongoing property investment and development business; and Anglesey Group, which will manage the Pritchard family assets.
The family-owned assets include 122 properties – 60% being residential and 40% commercial – in the areas of Cannock, Bridgtown and Hednesford. The commercial portfolio includes Birch Business Park, Cannock, a 20-unit multi-let site focused on the SME business sector.
Managing director Jonathan Pritchard said: “We have reviewed the portfolio and are actively managing it to keep a very high occupancy level in these difficult times. We are also planning to spread our activities further afield and are already looking at possible deals.”
He added: “We have got a five-year business model for improving the portfolio, refurbishing and trading certain assets to create a more profitable, stream-lined organisation.”
lisa.pilkington@estatesgazette.com
