1996
BARWOOD DEVELOPMENTS LIMITED
Barwood Developments Limited (“BDL”) is created by means of a management buyout of Wilson Connolly by Alan Rudge.
2000
SUPPLY CHAIN & LOGISTICS CONSULTANCY
Barwood creates BiS Henderson Group (“BiS”), a recruitment, supply chain and logistics consulting business, which provides the Manager with forward knowledge of occupier requirements and trends. BiS and Barwood continue to work closely together on projects, although BiS is now independently owned by its management team.
2002
COMMERCIAL PROPERTY FUND
Barwood Developments launches the first Barwood Commercial Property Fund, a discretionary private fund for commercial property development and investment, which delivered a 20% IRR over three years to its investors.
2005
WAREHOUSE JOINT VENTURE WITH THREADNEEDLE
Barwood creates a joint venture with Threadneedle and BiS to capitalise on the opportunity to invest in undervalued second-hand fully-fitted industrial/warehouse buildings where the previous occupier’s fit-out was being undervalued.
2006
CALEAST INDUSTRIAL JOINT VENTURE
Barwood is chosen by CalEast, the industrial real estate arm of CalPERS (one of the world’s largest pension funds), as its UK partner, to invest in large warehouse and distribution projects.
By early 2007 land prices became unsustainable and notwithstanding pressure to utilise the project funding from CalEast, Barwood’s prudence and appreciation of the underlying fundamentals of property investment limit CalEast’s exposure to overpriced opportunities in the UK industrial sector.
2007
LASALLE STRATEGIC LAND FUND
A £30m strategic land fund is raised from clients of LaSalle Investment Management by directors of Barwood in partnership with Nicholas Taylor, who was previously head of planning and environment at Berwin Leighton.
2009
BARWOOD CAPITAL
The directors of Barwood create Barwood Capital to raise third party funds to invest in property opportunities and utilise Barwood’s extensive experience and skills in delivering strong returns to investors from UK regional property. Shortly after creating the company it obtains its FCA authorisation to run property funds.
2009
REGIONAL PROPERTY INCOME FUND I
Barwood Capital raises its first commercial property fund to take advantage of the recessionary market. The fund is raised from local HNWIs. Regional Property Income Fund I, which has since been realised, invested in income producing properties and delivered a net 12% IRR per annum to investors.
2009
BARWOOD HOMES AND BARWOOD LAND
The Directors of Barwood create two new companies - Barwood Homes, a regional housebuilder and Barwood Development Securities (“BDSL”), a strategic land promotor. BDSL is set up with seed finance from Development Securities PLC and trades under the brand, Barwood Land.
2011
ABERDEEN STRATEGIC LAND FUND
Barwood Land (BDSL – see above) raises a £15 million joint venture fund with a client of Aberdeen Asset Management.
2012
REGIONAL PROPERTY GROWTH FUND I
Barwood Capital raises £18 million of equity commitments for its Regional Property Growth Fund I. The Fund is raised from HNWIs and a UK corporate pension fund. It is now fully invested in nine development, planning and asset management opportunities mainly within the industrial/logistics and office sectors. This Fund has since been realised and delivered a 16% IRR to investors.
2014
ROCKSPRING PIM STRATEGIC LAND FUND / BARWOOD DEVELOPMENTS SOLD
Barwood Land (BDSL) secures £15 million of investment from Rockspring PIM for the promotion of unallocated land through the planning process, primarily for residential development.
In the same year, Delancey acquires a majority stake in BDL, which it rebrands as db symmetry to focus on development of large-scale logistics sites. Db symmetry is sold to Tritax Big Box REIT plc in 2019.
2015
REGIONAL PROPERTY GROWTH FUND II
Barwood Capital raises £34 million of equity commitments for its Regional Property Growth Fund II. The Fund is raised from HNWIs and a UK corporate pension fund. It is now fully invested in 13 outstanding commercial and residential development and asset management opportunities. This Fund is currently forecast to deliver above 15% IRR per annum to investors.
2017
REGIONAL PROPERTY GROWTH FUND III /
BARWOOD HOMES & LAND SOLD
Barwood Capital raises £76 million of equity commitments for its Regional Property Growth Fund III and a further £30 million through co-investment. The Fund is raised from HNWIs, and two UK pension funds. This is now fully committed across 21 outstanding commercial and care home development and asset management opportunities. This Fund is on track to deliver its target return of 15% IRR per annum to investors.
In the same year, Barwood Homes and Barwood Land (BDSL) are sold to a European Private Equity Investor.
2018
RESIDENTIAL INVESTMENT PLATFORM
Barwood Capital launches an innovative way for private investors to invest in UK regional residential developments (BRIP). The Platform targets a 1.25x equity multiple for investors and is open for registration at any time.
2019
REGIONAL PROPERTY GROWTH FUND IV
Barwood Capital launches Regional Property Growth Fund IV, targetting 13-15% IRR per annum to investors.
Barwood Capital launches BRIP 2 targetting a 1.25x equity multiple.
2020
RESIDENTIAL INVESTMENT PLATFORM
Barwood Capital launches BRIP 3 targetting a 1.25x equity multiple.