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 focuses on property investment opportunities that are likely to deliver attractive income and capital growth performance, whilst also providing tax planning opportunities and a lack the volatility compaired to equivilent gilts of other investment classes. evolve now manages c£130m of property assets.
evolve has established 12 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 2010, the fund has rejected over £1.5bn worth of proposed developments. The value of developments to which Strata Fund has advanced loans is c£75m (Oct 2010) and loans on schemes worth c£23m have been redeemed/exited.