Evans Property Group
The Evans Property Group is a long established private property investor and developer, with a property portfolio consisting of Grade A investment properties with secure long leases together with a substantial development land bank.
Evans is a major investor in Leeds and the wider Yorkshire region and has recently transformed two of the city centre’s most prominent office buildings, Minerva and Capitol to create over 50,000 sq ft of much-needed Grade A office accommodation. The investment into the offices forms part of Evans’ ongoing £25m programme of works transforming the whole Bond Court area of Leeds City Centre which will include a new 95 bed 5* Dakota Deluxe hotel, new bar/restaurants and extensive public realm works.
Evans is also on-site at Temple Green which is the largest Leeds City Region Enterprise Zone site with planning consent in place for 2.64 million sq ft of B1, B2 and B8 use at J45 of the M1. The 165 acre gateway site is being delivered by Aire Valley Land LLP, a JV between Evans and Harworth Estates, which is investing circa £96m in creating Leeds’ largest logistics base. Delivery of this large platform logistics and manufacturing hub is now well underway with a £9.1m infrastructure programme providing oven ready build-to-suit plots for buildings up to 930,000 sq ft.
Evans has a 25% interest in the White Rose Shopping Centre in Leeds which is presently undergoing a significant investment programme to create a 65,000 sq ft leisure extension which will include a new 11-screen Cineworld Cinema to include a next generation IMAX screen and six new restaurants. The new amenities will complement the existing offering and will ensure that it continues to be one of the region’s most popular retail destinations. Construction work on the extension will complete in March 2017.
In a joint venture partnership with the University of York, Evans has recently completed a third phase of accommodation and facilities which now total some 2000 student beds and £100m of investment over three new residential Colleges at the University’s Heslington East campus.
The group is in a very strong position with an investment portfolio of exceptional quality, a significant development pipeline and a successful and growing non-property investment portfolio. The group’s balance sheet is strong with net assets in excess of £400m, substantial borrowing facilities in place and gearing of around 35%.