Two property industry professionals have launched a business that aims to make up to £30m of acquisitions in its first year.
Harrogate-based Artium Group was founded by developer Thomas Shotton and chartered surveyor and Ousebank Consultancy owner Sam Colley and will comprise three subsidiaries: Artium Investments, Artium Construction and Artium Asset Management.
The pair say they want to build a diverse investment portfolio and to make significant land and property acquisitions in coming years.
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Two non-executive directors and an executive assistant are set to join the Artium Group imminently, followed by a further non-executive director later this year.
Meanwhile, Artium Construction is expect to appoint two director and shareholders imminently and a senior professional will join the Artium Asset Management team in the near future.
Mr Colley said: “We are thrilled to announce the establishment of Artium Group. Built on a wealth of knowledge, trust, and reliability, Artium and its team have a strong track record of property development and consultancy, with previous total gross development value’s exceeding £200m and an extensive property portfolio that we are excited to reposition to meet current demand.
“Through our end-to-end capability, we are vastly experienced in acquisitions, design and build construction and operating commercial and residential property in prime locations to create mid to long-term value and appreciation.
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“Operating initially in Yorkshire and the Humber, we are positive about the prospect of owning and operating a portfolio, focussing on occupiers and their requirements which drive quality throughout and give our investors added confidence.
“We have already made a positive start, with projects totalling almost £30m GDV including two high-end residential conversion schemes, a leisure conversion with rooftop in Harrogate and a residential new build scheme in York.”
Mr Shotton added: “As property continues to be a sector of choice for investment, ongoing e-commerce growth and well-located industrial developments continue to drive opportunities, while city centre mixed-use regeneration is on the rise.
“We are also seeing a cultural shift towards a more ‘ethical consumer’, rather than as a niche market segmentation. Therefore, companies with a robust sustainability strategy that encompasses environmental, social, governance, alongside the addition of smart technology, will receive greater traction from investors who seek long-term value, and occupiers who are drawn to eco-friendly features.
“Artium is primed to take advantage of these trends. With a focus on innovation, quality, and the end user always a priority, our investment strategy is at the heart of everything we do, every development we deliver and every building we transform.
“Allied to this, our approach integrates both social and environmental best practices in line with standards and certification requirements to ensure we are consistently improving our operations with evolving expectations.
“We are open to new private investment and are seeking to bring in institutional investment to scale our pipeline and portfolio.
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“As well as an institutionally recognised structure that gives confidence to investors, we have appointed a core team of professionals and partners to ensure a best-in-class advisory service and delivery. These include a legal team, accountants, tax advisors, agents, and the design team.”
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