Hawkstone Properties

What Hawkstone Properties does

Hawkstone Properties Plc is a privately owned UK property development and investment company founded by Philip Noott in 1997 and headquartered in Hagley, West Midlands. The firm operates four integrated product lines: Retail Development, Leisure Development, Residential & Mixed Use Development, and Offices, alongside an Investment Portfolio Management service and a Joint Ventures offering that co-invests with UK institutional capital. Core activities include the development of high-street, edge-of-town and out-of-town retail schemes, leisure venues (bars, restaurants, budget gyms, hotels, cinemas), residential accommodation, and ownership of office stock; the company has cumulatively developed over £110m of retail schemes, £50m+ of leisure property, and 600,000 sq ft of residential accommodation with end value exceeding £120m, and currently retains a £115m investment portfolio plus £80m of assets under management across towns including Reading, Guildford, Hull and Newquay.

Underlying technical capability is conventional for a UK small-mid property developer: the firm manages the full development lifecycle in-house and supplements this with long-standing relationships with national retail and leisure covenants, planning consultants, and institutional JV partners such as Standard Life, Aberdeen Asset Management, Insight Investments, Royal London, Scottish Widows IP, Threadneedle and UBS. Notable scheme credentials include a RIBA Award and Civic Trust Award for the York Davygate development.

Revenue is generated through three mechanics: development profit on completed schemes (some retained, some sold forward, e.g., consented residential land disposals to Barratt Homes), rental and asset management fees from the £80m AUM book, and equity participation in JV schemes. Pricing is quote-based and contract-specific rather than standardised. Customers fall into three groups: (i) national retail, leisure and office tenants (Marks & Spencer, Aldi, Lidl, Pure Gym, Premier Inn, Regus), (ii) residential developers and end buyers acquiring completed units or consented land, and (iii) institutional JV partners and external clients whose capital underwrites schemes.

Name

Hawkstone Properties

Legal name

Hawkstone Properties Plc

Website

https://hpplc.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Hawkstone Properties Plc is a privately owned UK property development and investment firm developing retail, leisure, residential and office schemes, retaining a £115m portfolio and managing £80m of assets through joint ventures with institutional investors and direct lettings to national tenants.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Commercial property development
• Real estate investment
• Retail property schemes
• Residential mixed-use development
• Leisure property development

Headquarters

HQ city

Hagley

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure

Revenue model

1. Property Development and Investment: Property development and investment - developing retail, leisure, residential, and office schemes for sale or retention in investment portfolio

Go-to-market motion1 record

Distribution channels1 record

Core offering

Hawkstone Properties develops and invests in retail, leisure, residential, mixed-use and office property schemes across the United Kingdom. The company either retains completed schemes in its own investment portfolio or delivers them through joint ventures with institutional investors, while also providing ongoing asset management of the resulting properties.

Product overview

Hawkstone Properties operates as a unified property development and investment platform offering six integrated service lines: Retail Development, Leisure Development, Residential & Mixed Use Development, Offices, Joint Ventures, and Investment Portfolio Management. The company develops retail schemes (high street and out of town), leisure properties (bars, restaurants, gyms, hotels), residential accommodation, and manages office portfolios. The Joint Ventures service enables partnerships with institutional investors for co-development, while Investment Portfolio Management provides asset management for a £115 million retained portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Development
• Leisure Development
• Residential and Mixed Use Development
• Offices
• Joint Ventures
• Investment Portfolio Management

Quantifiable outcome

• £115 million investment portfolio
• +3 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Aberdeen Asset ManagementcoreStrategic or Co-development PartnerCurrently working with Aberdeen Asset Management in delivering a £52m leisure and retail development to extend an existing shopping centre to include 117 bed hotel, 8 screen cinema, 6 restaurants and a 30,000 sq ft food store.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Custodian REIT plc: UK REIT investing in regional commercial property across retail, office, and industrial. Similar regional-UK, multi-sector investment thesis with comparable size.
• Ediston Property Investment Company plc: UK REIT focused on commercial property investments across retail, office, and industrial. Similar size and regional UK multi-sector exposure as Hawkstone's portfolio.
• Regional REIT plc: UK REIT focused on regional office property with some retail exposure. Comparable regional UK commercial-property investment approach and size tier.
• Real Estate Investors plc: Mid-market UK property investment company focused on regional commercial property. Closely comparable to Hawkstone in scale, regional UK focus, and mixed-sector (retail, office, leisure) portfolio composition.
• AEW UK REIT plc: UK-listed REIT investing in UK commercial property with a multi-sector mandate. Comparable regional UK, multi-sector commercial property investment strategy.
• Helical plc: UK property developer and investment company focused on offices and mixed-use schemes with JV partners. Comparable development-led, JV-financed model, though larger and more London-centric than Hawkstone.
• Palace Capital plc: UK-listed property investment and development company with a mixed portfolio of offices, retail and residential across regional UK cities. Comparable to Hawkstone in size, multi-sector exposure, and focus on regional UK assets, though Palace is a public REIT structure.

Broad incumbents

• Hammerson plc: UK and Ireland retail-led REIT and developer. Comparable on retail property focus and JV-based development, though substantially larger and pure-play retail rather than diversified.
• British Land plc: Major UK REIT with retail, office, and mixed-use development. Comparable on multi-sector UK property and JV development partnerships, though substantially larger and primarily focused on London/campuses.
• St. Modwen Properties plc: Major UK mixed-use property developer with residential, retail, and logistics focus. Comparable mixed-use development and JV-financed model, though substantially larger and now owned by Blackstone.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hawkstone-properties-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hawkstone Properties