Braemar Group
www.braemar-group.co.uk TICKER: BRG EXCHANGE: AIMBraemar Group, now a subsidiary of Brooks MacDonald Group plc, is a specialist financial group in a number of niche businesses. These include corporate finance through Braemar Securities, fund management, property investment, property management, property development and property investment consultancy. It runs several funds, structured as limited partnerships that invest in managed portfolios of qualifying flats that entitle the investors ('partners') to special tax allowances under the Capital allowances Act 2001. Qualifying flats are created by converting pre-1980 properties into self-contained flats let at 'affordable' rents. It also manages funds investing in tenanted agricultural land, student accommodation and ground rents. Its Braemar Estates subsidiary manages around 4,000 properties for the group's funds and for third parties. It provides comprehensive services covering all aspects of lettings, building services and block management.
LATEST REPORTS
residential block management of Main &Main bought
£525k cash paid
good combination with Braemar block management
£1.3m placing brings Wray & Hemsley in
Funds for working capital and potential acquisitions
- Braemar completed value enhancing acquisition
- Steadily increasing turnover in the
property and fund management division as FUM grew
- Braemar has diverse offerings including property and corporate finance advice
- Expected to move into profit in 2007.
- Strong reputation in its industry will help attract investment
- Future contracted income projected to exceed current market cap by end of 2007-8
