Ashcroft was formed in 1990 and specialises in the acquisition, asset management, development and refurbishment of retail led town centre schemes. The primary focus of the business has been to achieve above average returns for our investing partners through careful acquisition and implementing well thought out asset improvement opportunities.

The business has operated via a series of joint arrangements carefully structured to meet the requirements of the investors. Institutional investors have included SPP/Celexa, Frogmore, Hanover Property Unit Trust, Lend Lease, PDFM, Charterhouse Bank, Wimpey, PRICOA, and Charterhouse Shopping Centre Funds with HSBC. Properties have been acquired and developed throughout the UK.

Since inception, a total of 23 shopping centres or other retail schemes (in total some 4m sq.ft.(372,000 m²) have been bought and sold at an overall traded value in excess of £1 billion.

Prior to the formation of the Shopping Centre Funds, the average portfolio IRR was 25% whilst the two Shopping Centre Funds generated equity IRR's for the investors of 22% and 39% respectively.