The Investment business identifies real estate with potential to add value, often securing acquisitions off market.
The Pigeon Investment model targets yield and capital growth. With an experienced management team and impressive track record, Pigeon demonstrates the capability to capitalise on the exceptional economic growth of the region.
Pigeon acquired a 220 acre estate in 2017 at Wherstead, in a key strategic location on the edge of Ipswich. The estate comprises land let for commercial uses and opportunities for development. Pigeon has so far obtained resolution to grant planning permission for 75 dwellings on the edge of Wherstead village. Proposals for commercial uses elsewhere on the estate are being investigated.
Key strategic location on the edge of Ipswich and A14
Asset management and development opportunities
Resolution to grant planning permission for 75 residential units
Pigeon acquired Broadland Gate, 48 acres of commercial development land at the intersection of the A47 and the new Norwich Distributor Road, named Broadland Northway. Site infrastructure has been provided to make serviced plots available for sale or build opportunities for occupiers. The first disposal was for a new Jaguar Land Rover dealership with interest from various parties across other plots. The project is undertaken in a joint venture with Ifield Estates Ltd.
Major commercial development for Norwich in key location at A47 / Broadland Northway intersection
Infrastructure provided with serviced plots available
Barton Mills, Suffolk
Pigeon acquired a former car sales and commercial vehicle depot on the “Fiveways” roundabout, a major interchange on the newly upgraded A11 linking Suffolk and Norfolk. The first phase of development for a McDonald’s Restaurant and Shell Petrol Filling Station was completed in December 2015. The rear of the site is currently occupied by a hand car wash and tyre and exhaust centre.
5 acre site
Key roadside destination along A11
Let to McDonald's and Shell
Bury St Edmunds, Suffolk
Linden Square provides approximately 18,000 sqft of Grade A open plan office space, situated in the centre of Bury St Edmunds at the heart of the business and retail district. Pigeon purchased the property in December 2012 with tenants including Handelsbanken and Utilitywise. Prior to exchange, Pigeon arranged the letting of a large office suite to netXtra, significantly reducing the vacancy and risk. Lettings of the remaining space were agreed shortly afterwards to Close Brothers and Pigeon Investment Management.
Town centre location
Fully let to multiple tenants
Grade A office space
Ashwell Point is a multi-let office building located in Sawston, 7 miles to the south of Cambridge. The building extends to just under 20,000 sqft, has excellent car parking provision and is fully let. The tenants are Morgan Sindall, Frontier Silicon, Janus Technology and Innova Biosciences.
Multi-let office investment
7 miles from Cambridge city centre
Currently fully let