Founded in June 2002 evolve uses the experience of its Directors in the real estate markets to provide private investors with improved access to real estate and real estate asset backed investment opportunities. evolve now manages c£130m of property assets. evolve focuses on property investment opportunities that are likely to deliver attractive performance whilst providing tax planning opportunity, but that lack the volatility of other investment classes.
evolve has established 10 different collective investment schemes, some directly investing in real estate, others indirectly. It is accustomed to forming ‘funds’ or ‘partnerships’ with a wide range of investment strategies or business plans, sometimes with joint venture partners.
evolve is registered in England under company number 4472112 with the registered office at 46 James Street, London W1U 1EZ.
In 2002-2005 evolve was actively acquiring prime commercial real estate investments, including budget hotels and retail and trade parks. It acquired 11 commercial properties in a variety of different structures before it regarded the market as becoming too expensive.
During 2006-2008 it established real estate asset backed businesses such as the St. Mary Fund. This Guernsey Property unit Trust was established to acquire the £27m new 4 star Radisson hotel opened in central Bristol in October 2009. This is an asset backed business more than a pure property investment.
In 2007 evolve formed the Strata Fund with c£13m of equity. This is a mezzanine fund for residential developers in the South East of England. As at October 2009, the fund has rejected over £1.1bn worth of proposed developments. The value of developments to which Strata Fund has advanced loans is c£62m (Oct 2009) and loans on schemes worth c£14m have been redeemed.