What Patrick Properties Group does

Patrick Properties Group is a privately owned UK commercial property investment and development company headquartered in Altrincham, with additional offices in Manchester and Mallorca, Spain. Founded in 2002 and operating as a subsidiary of Latium Enterprises, the company has traded in excess of £200m of commercial property since inception and currently holds a diversified portfolio of over 2,000,000 sq.ft. of industrial space, 500,000 sq.ft. of retail/leisure, 200,000 sq.ft. of offices, and substantial long-term strategic land holdings. The company's primary focus is the UK industrial market — purpose-built units, distribution centres and logistics assets — but it has extended into adjacent asset classes including leisure hospitality (the Bowdon Hotel), UK strategic land for residential development, and luxury residential property in Mallorca.

The business model combines direct property acquisition, in-house development, asset management and direct leasing to enterprise tenants. Revenues are generated through rental income on long institutional leases (e.g., 15-year leases with Amari Plastics and Vinters Engineering/Rolls Royce), capital gains on selective asset disposals (e.g., 1 Victoria Place Leeds to a special purchaser, Royal Mail Wakefield to The Prudential, Premier Park Winsford to Merseyside Pension Fund), and development management fees on bespoke residential projects. The company has built a roster of named enterprise tenants across nine industries including Sainsbury's, Royal Mail, Hitachi, Bentley, Matalan, Rockstar Games, Boots and IWG, and operates with the advantage of access to group capital without third-party finance requirements through its Latium Enterprises parent.

The company is led by Director Jordan Kennedy (second generation Kennedy family), with oversight from Non-Executive Chairman Simon Merry (former head of Jones Lang LaSalle's largest capital markets department in Manchester), Board Director Steven Kennedy, Strategic Land Director Danny Kennedy, and an in-house team spanning asset management (Christian Thorpe), development architecture (Bartholomew Walsh, plus Juan Benet and Jose Cozar in Mallorca), legal (Andy Page at group level) and tax (David Challinor, formerly KPMG). Corporate control sits with Brian Kennedy, Founder and Chairman of Latium Enterprises, whose holdings span manufacturing, home improvements, renewable energy, telecoms, film production and property.

Name

Patrick Properties Group

Legal name

Patrick Properties Group Limited

Website

https://www.patrickproperties.co.uk

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Patrick Properties Group is a privately owned UK commercial property investment and development company and subsidiary of Latium Enterprises, operating a diversified portfolio of industrial, office, retail, leisure and strategic land assets in the UK plus luxury residential developments in Mallorca, leased to enterprise tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Management of Companies and Enterprises (55111)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Investors, Nec (6799)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial property investment
• Commercial real estate development
• Industrial property leasing
• Strategic land acquisition
• Luxury residential development

Headquarters

HQ city

Altrincham

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain, Others

Distribution channels1 record

Marketing channels4 records

Core offering

Patrick Properties Group acquires, develops, refurbishes, leases and disposes of commercial and residential real estate across the UK and Mallorca. The core offering centres on a multi-segment portfolio of industrial, office, retail, leisure, residential and strategic land assets, generated through direct investment funded by parent group Latium Enterprises and managed by an in-house team. Revenue is earned primarily through rental income from enterprise tenants and capital gains on the sale of repositioned assets and strategic land sites.

Product overview

Patrick Properties is a privately owned commercial property investment and development company and a subsidiary of Latium Enterprises. The company operates a multi-segment property portfolio consisting of Industrial Properties (environmentally conscious industrial units including logistics and distribution facilities), Office Spaces (office accommodation for businesses), Retail Spaces (unique retail locations), Leisure Properties (hotels and leisure facilities), Residential Properties (luxury villas in Mallorca), and a Strategic Land Division (acquisition of development sites). The portfolio comprises over 2,000,000 sq.ft. industrial, 500,000 sq.ft of retail/leisure, 200,000 sq ft offices, and substantial strategic land holdings.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Properties Environmentally conscious industrial units for industrial, logistics and distribution use, comprising over 2,000,000 sq.ft. including properties such as Stakehill 185 (Manchester), Titan (Knowsley), Graphite Business Park (Glossop) and distribution centres serving major retailers.
• Office Spaces Office accommodation for multidisciplinary companies seeking locations that encourage growth and innovation, comprising 200,000 sq.ft. across properties such as Two Four Nine (Altrincham), 1 Victoria Place (Leeds), Bow Chambers (Manchester) and Emerald Buildings (Crewe).
• Retail Spaces Unique retail spaces for UK brands and companies, including Bow Chambers (Manchester) and Sainsbury's at Gants Hill, forming part of the wider retail/leisure portfolio let to retailers such as Cafe Nero, Subway, Boundary Outlet and Dogs & Dough.
• Leisure Properties Iconic and institutional leisure properties in the North West, including The Bowdon Hotel in Bowdon, Cheshire, forming part of the 500,000 sq.ft. retail/leisure portfolio.
• Residential Properties (Mallorca) Luxury residential properties in Mallorca, Spain, including No.5 Calle Turixant (Son Vida), Alto Paradiso (Son Vida), Villa Victoria (Portals Nous), Villa Bosc (Portals Nous) and No 27 Albercuix (Son Vida), designed and overseen by the in-house Mallorca architectural team.
• Strategic Land Division Identification, acquisition and onward disposal of medium to large-scale greenfield, brownfield and greenbelt development sites across the UK, with the first major acquisition being a 100 acre brownfield site in Loxley, Sheffield.

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor.

• UltraframeminorOthersRelated business under Latium Enterprises group umbrella.
• Four SeasonsminorOthersRelated business under Latium Enterprises group umbrella - conservatory manufacturer.
• Kennedy RenewablesminorOthersRelated business under Latium Enterprises group umbrella - renewable energy company.
• Epwin GroupminorOthersRelated business under Latium Enterprises group umbrella - building products manufacturer.
• Lull SastreminorOthersArchitectural contractor used for Mallorca residential developments.
• RCO GrupminorOthersConstruction contractor used for Mallorca residential developments.
• AquaquaeminorOthersSpecialist contractor for Mallorca residential developments.
• BulthaupminorOthersLuxury kitchen supplier for Mallorca residential properties.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• SEGRO plc: Leading UK and European industrial/logistics REIT with multi-million sq.ft. portfolio. Larger institutional-scale peer to Patrick Properties' industrial-led strategy, providing a benchmark for asset class positioning and tenant relationships.
• British Land: UK-listed REIT focused on office, retail and mixed-use campuses including logistics through its Tritax Big Box stake. Comparable as a UK commercial property investor with multi-segment portfolio strategy similar to Patrick Properties' diversified holdings.
• Patrizia UK: European real estate investment manager with active UK commercial property platform spanning logistics, office and retail. Comparable as a pan-European mid-market commercial property investor with overlap in industrial and office segments.
• Tritax Big Box REIT: UK-listed REIT focused on large-scale logistics and distribution warehouses for major retail and e-commerce tenants. Comparable in industrial property focus and tenant profile (Sainsbury's, Royal Mail, Matalan-style occupiers).

Direct peers

• Peel L&P (Peel Group): Privately-held UK real estate investment and development group with major industrial, logistics, retail and land holdings in the North West. Highly comparable as a privately-owned, multi-segment UK property investor/developer with regional concentration similar to Patrick Properties.
• Helical plc: UK commercial property developer and investor focused on office, industrial and mixed-use assets with an active development pipeline. Comparable in its multi-segment UK commercial strategy and value-add repositioning approach.
• Chancerygate: UK-focused multi-let industrial and logistics property developer and investor with a portfolio of similar asset profile. Directly comparable to Patrick Properties' industrial-led strategy, mid-market deal size and value-add asset management approach.
• Palmer Capital: Privately-held UK commercial real estate investment manager focused on value-add and opportunistic strategies across office, industrial and mixed-use assets. Comparable as a privately-owned, multi-segment UK property investor of similar scale.
• St Modwen Properties: Major UK commercial property developer with national logistics, residential and strategic land platform (now owned by Blackstone). Directly comparable as a UK industrial/logistics-led investor with strategic land division similar to Patrick Properties' Loxley-style activities.
• Cording Real Estate Group: UK and European commercial property investment and asset management firm operating across office, retail, industrial and mixed-use. Comparable as a mid-market multi-segment UK property investor with active asset management mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/patrick_properties
• LinkedInlinkedin.com/company/patrick-properties-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 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 Patrick Properties Group