Case studies

A selection of recent deals within our portfolio

Our sites across the UK

Residential Investment

  • Portfolio of 93 residential properties in Reading
  • Varied portfolio ranging from studio apartments to large detached houses
  • Active investment producing £1,080,000pa

Commercial Disposal

  • Acquisition of 7-9 Friar Street in 2012 for £2.2m representing a gross yield of 7.63%. Disposal in 2022 for £4.55m representing a gross yield of 4.73%.
  • Net profit after disposal: £3.93m

Commercial Acquisitions

  • Acquisition of 4 commercial assets in Crosby, Great Yarmouth, Isle of Wight, and Nantwich within a 3 month period
  • Fully let to tenants including Barclays, TSB, and Waterstones
  • Active investment producing £407,060pa

Leisure Investment

  • Leisure investment in Reading town centre
  • Recent deals include 20 year FRI lease to Pho Trading with initial rent of £127,500pa & 15 year FRI lease to Escape Hunt Group with initial rent of £50,000pa
  • Active investment producing £602,700pa (WAULT 11 years)
  • NAV - £9,000,000

Residential Development

  • Pipeline of 46 new residential units across 9 sites
  • Mix of conversion and new build
  • Staggered delivery with schemes already consented
  • GDV - £15.60m

Ground Rent Acquisitions

  • Acquisition of 26 ground rent investments, including sites in central London, containing 445 units producing ground rent and additional management income
  • Most ground rents increase in line with RPI
  • Active investment producing £100,385pa (ground rent only)

Our portfolio is geographically expansive from sites in the Isle of Wight to the South, Great Yarmouth to the East and Liverpool and Teeside to the North. Our interactive map shows the location of all assets with those disposed of in red and those retained in blue. Please zoom out of the map to see our portfolio UK wide


Over the next five years and with the exclusion of ground rents, we have an exit strategy to dispose of all of our assets located outside of London and the Thames Valley, to enable us to focus on new investments within Reading where our team holds considerable experience. In addition, our long term goal is to reduce our carbon footprint and the reduction in time spent travelling to sites will deliver greater efficiency and reduced costs.

As a result of the above we are reviewing new investments within Reading and the Thames Valley as they become available, to ascertain whether they fit our investment criteria.

Retained Assets

Retained Assets

Sold Assets

Sold Assets

Our occupiers


We are proud of our reputation, which is exemplified by our long-standing relationships with our tenants.
Below is a selection of our corporate occupiers, some of which occupy multiple units within our portfolio.
Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell Barclays Escape Hunt Greggs High Spirits La De Kitchen Little Dessert Shop Martin & Co Pho Trading Primesight Sara Batting Estate Agent Total Car Parks TSB Bank Whittingham Riddell

Koichi Nicholas

Chief Financial Officer

As the CFO for the group, Koichi is responsible for all financial planning, record keeping and reporting to the Sykes Family, as well as overseeing the finances of the Family’s charity, the John Sykes Foundation. 

Since joining the company in 2012, Koichi has been promoted from within to his current position and has an impressive flair for real estate accounting, including both residential and commercial service charge management. 

Koichi is a strategic thinker and a keen chess player, previously having ranked amongst the top 100 chess players in the UK. 

Andrew Strong

General Counsel

Andrew is responsible for delivering the highest possible level of legal services to the company, from advising the board on new and existing laws to dealing with all legal/procedural aspects of a transaction once heads of terms have been agreed

Having worked alongside the Sykes Family since 2001, Andrew has a key understanding of the family’s requirements and wishes. In addition to his legal skills, Andrew is also a member of the RICS and has a wealth of practical real estate experience in all asset classes, with particular expertise in commercial and ground rent management.

Andrew is a keen road cyclist and resides in Thailand with his wife Anong and their two children, James and Katie. 

John Sykes, DBA (Hon)

Founder

John is our inspirational and visionary Founder with an entrepreneurial instinct, who now spends the majority of his time supporting Reading charities and community groups through the John Sykes Foundation.

Heavily motivated and influenced by his late father and with an underlying passion for Reading, John’s unique drive for success led the company to significant growth, and which is now under the control of his children.

John is based in Reading, is a family man, and with his wife Sally they have four children, Annabelle, Charlie, Jessica and Little John.