Frogmore takes a stake in £300m King & Co development portfolio
Frogmore Capital has taken a 20% stake in strategic land specialist King & Co’s £300m home counties development portfolio.
The portfolio, known as King & Co Platform One, comprises more than 100 acres, with the potential of 700-1,000 homes. It focuses on rural land, much of which originates from agricultural uses in the region surrounding Hertfordshire, where the company is based.
The investment will also see Frogmore’s chairman, Paul White MBE, appointed as chairman to the board of King & Co.
Frogmore Capital has taken a 20% stake in strategic land specialist King & Co’s £300m home counties development portfolio.
The portfolio, known as King & Co Platform One, comprises more than 100 acres, with the potential of 700-1,000 homes. It focuses on rural land, much of which originates from agricultural uses in the region surrounding Hertfordshire, where the company is based.
The investment will also see Frogmore’s chairman, Paul White MBE, appointed as chairman to the board of King & Co.
The developer specialises in unlocking large strategic land parcels, for residential and commercial development, through working with local authorities and stakeholders.
[caption id="attachment_978460" align="aligncenter" width="847"] Left to right: Oliver King, MD at King & Co, Paul White MBE, chairman of Frogmore and King & Co, Jonathan Collins, director at King & Co[/caption]
King & Co is a family business, founded by Herbert James King in 1918. It is led by managing director Oliver King and director Jonathan Collins.
King said: “For about three or four years, we’ve been looking at a combination of brownfield and strategic land opportunities, all requiring planning gain.
“Some of these are already allocated in local plans, and we’re looking forward to building these out and delivering these communities, as well as working in joint ventures going forward.”
King said the company will look to partner with a variety of small enterprises and large plc housebuilders, tapping into the burgeoning starter market and wide demand for housing across various demographics.
He added: “Paul will play a vital role in the delivery of Platform One, as well as investing in future opportunities, and guiding King & Co towards its wider strategic objectives.”
Paul White said: “Oliver King and Jonathan Collins’ team have built an impressive and varied portfolio by forging strong regional and national partnerships, and thinking strategically.”
The two companies will seek to develop a long-term strategy, with the potential for further investment from Frogmore Capital in the near future.
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