Ashall Property
Ashall Property is a privately-held, family-owned UK property developer and investor, founded 1936, building and managing commercial offices, hotels, and mixed-use schemes across the North of England through public-private partnerships with local councils and institutional investors.
- Company typePrivate
- Founded1936
- HeadquartersPreston Brook, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Ashall Property does
Ashall Property is a privately-held, family-owned property investment and development company founded in 1936 and headquartered in Cheshire/Warrington, operating across the North of England. The company develops and owns commercial office, hospitality, and mixed-use real estate, with completed developments exceeding £500 million in investment value and approximately one million square feet of office and commercial space, including Cobalt Park (the UK's largest office park, in joint venture with Highbridge Properties), the multi-phase Centre Square office district in Middlesbrough, and three IHG- and Starwood-branded hotels (Aloft Liverpool, Holiday Inn Express Middlesbrough, Holiday Inn Express Barrow).
The core operating model combines direct property development, equity investment, and asset management, with revenue generated from development fees, capital appreciation on investment assets, rental income from held properties, and ongoing asset management fees. Delivery relies on a public-private partnership model: local authorities (Middlesbrough, Blackpool, North Tyneside councils and Tees Valley Combined Authority) provide anchor tenant commitments, planning support, gap funding, and long head leases, while institutional investors (notably M&G Investments) provide forward-funding. Major contractors (Balfour Beatty, Bowmer & Kirkland), architects (Seymour Architecture), commercial property agents (Dodds Brown), and hotel brand licensors (IHG, Starwood) round out the delivery stack. Underlying technology is conventional property development and asset management rather than proprietary software, with competitive advantage rooted in planning/regulatory expertise (Enterprise Zone sites since 1986), heritage-building conversion capability (e.g., Grade II* Royal Insurance Building), and a multi-decade track record of on-time, on-budget delivery.
Ashall Property firmographics
Firmographics- Name
- Ashall Property
- Legal name
- Ashall Property
- Website
- https://ashallproperty.com
- Company type
- Private
- Founded year
- 1936
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Ashall Property is a privately-held, family-owned UK property developer and investor, founded 1936, building and managing commercial offices, hotels, and mixed-use schemes across the North of England through public-private partnerships with local councils and institutional investors.
- Ownership category
- akta.pro rank
Ashall Property industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Lessors of Other Real Estate Property (53119), Nonresidential Property Managers (531312), Other Activities Related to Real Estate (531390)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)
- akta.pro secondary industry
- Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
Keywords
Where Ashall Property is headquartered
LocationHeadquarters
- HQ city
- Preston Brook
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Ashall Property business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales
Revenue model
- Property Development and Sale: Ashall Property develops commercial and hospitality properties (offices, hotels) and sells or leases completed developments to investors, public sector bodies, or occupiers. Revenue is generated through development fees, capital appreciation on investment assets, and rental income from held properties.
- Asset Management Services: Provides proactive asset management and development services to property owners and investor partners, generating ongoing management fees.
- Property Investment: As a private property investment company, Ashall Property invests its own capital alongside partners in development schemes, generating returns through rental income, capital gains, and equity participation.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Ashall Property product offering
Product offeringCore offering
Ashall Property is a private property investment and development company that develops commercial offices, hotels, and mixed-use real estate across the North of England. The company sources and negotiates direct property transactions, procures third-party financing, and provides proactive asset management and development services. Its portfolio includes Cobalt Business Park (the UK's largest office park), Centre Square office development in Middlesbrough, and several hotel developments under brands including Aloft and Holiday Inn Express.
Product overview
Ashall Property is a private property investment and development company that creates investment value through property development and asset management. The company has developed projects with an investment value in excess of £500 million, comprising around one million square feet of office and commercial space. Its core offerings include commercial property development (Centre Square office buildings, Cobalt Business Park), hotel development and conversion (Aloft Hotel Liverpool, Holiday Inn Express Middlesbrough, Holiday Inn Express Barrow, planned Hotel Indigo Blackpool), and serviced apartments (Station Suites). The company operates across the North of England, particularly in the Tees Valley region, in partnership with local councils and institutional investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Centre Square Multi-phase Grade A office development in Middlesbrough town centre delivering approximately 210,000 sq ft of office space across multiple buildings (Buildings 1, 2, 3, 4, 5, and 6) aimed at creating a 21st century business hub and commercial heart of the Tees Valley.
- Holiday Inn Express Middlesbrough A 159-room (originally 138 rooms, later extended by 21 rooms) Holiday Inn Express hotel at Centre Square, Middlesbrough, featuring an adjacent restaurant unit operated by Le Bistrot Pierre.
- Aloft Hotel Liverpool A 116-room Aloft boutique hotel in Liverpool, created through the refurbishment and conversion of the Grade II listed former Royal Insurance Building, which won the NCE Building Construction Industry (BCI) award for Building Project of the Year in 2015.
- Holiday Inn Express Barrow A 127-room Holiday Inn Express hotel in Barrow-in-Furness, a new-build development that received two major industry awards in 2020 for its response to COVID-19 challenges.
- Station Suites 42 stylish serviced apartments being developed in Middlesbrough, located near the railway station, part of the ongoing development in the Centre Square area, to be managed by the Holiday Inn Express team.
- Hotel Indigo Blackpool A planned 148-room Hotel Indigo and Indigo Suites development in Blackpool, converting the former Post Office and Sorting Office buildings on Abingdon Street into a £25m hotel project.
- Cobalt Business Park The UK's largest office park, developed in partnership with Highbridge Properties Plc, located north east of Newcastle upon Tyne, spanning over 2 million square feet of office space with major occupiers including Orange, Procter and Gamble, GE Money, North Tyneside Council, and Northumbria NHS.
Quantifiable outcome
- £500m+ in development projects completed in recent years with ~1 million sq ft of office and commercial space
- +7 more outcomes
Companies that use Ashall Property
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles4 records
Ashall Property technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ashall Property partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, core and minor.
- Highbridge Properties PlcflagshipAshall Property developed Cobalt Park, the UK's largest office park, in partnership with Highbridge Properties Plc. The partnership acquired a 140-acre Enterprise Zone site north east of Newcastle upon Tyne in 1997, which became Cobalt with capacity for over 2 million square feet of office space.
- Middlesbrough CouncilflagshipMultiple partnerships including: development agreement for Holiday Inn Express (£12.4m project, council provided £5.8m loan); Centre Square development where council took a 35-year head lease on buildings and provided land; ongoing collaboration on Station Suites and further Centre Square phases.
- Balfour BeattycoreAppointed as main contractor for the Aloft Hotel Liverpool refurbishment (£11.7m of works). Also appointed as main contractor for Centre Square development and 6 Centre Square construction. Led construction of Holiday Inn Express Middlesbrough.
- Starwood Hotels & ResortscoreAloft brand licensor operating the Aloft Liverpool Hotel. Ashall Projects developed and owns the property; Starwood operates the hotel under its brand portfolio.
- InterContinental Hotels Group (IHG)coreIHG is the brand licensor for Holiday Inn Express hotels in Middlesbrough and Barrow. Ashall Projects develops and owns the hotels; IHG provides the brand, reservations system, and operational standards.
- Seymour ArchitecturecoreDesigned and delivered the first two buildings at Centre Square. Director Sarah Sabin presented plans to planning committee. Responsible for the high-quality, flexible, and sustainable design of Centre Square buildings.
- Blackpool CouncilcoreBlackpool Council planning committee unanimously approved the £25m Hotel Indigo and Indigo Suites project to transform the historic Abingdon Street post office and sorting office. Council awarded £8m Levelling Up Fund grant as gap funding.
- Dodds BrowncoreMiddlesbrough-based independent commercial property consultants acting as letting agent for Centre Square. Senior partner Stephen Brown involved from the outset; the firm secured arrival of multiple occupiers including Bistrot Pierre.
- Bowmer & KirklandcoreAppointed as main contractor for the Holiday Inn Express Middlesbrough and the Centre Square development. North East and Scotland Regional Director Ed Besford confirmed continued partnership for 6 Centre Square.
- Redefine|BDL HotelsminorHotel management company operating the Holiday Inn Express Middlesbrough as part of their portfolio of more than 45 UK hotels.
Scale indicators16 records
Recent moves6 records
Expansion highlights3 records
Ashall Property competitors and assessment
Company assessmentOthers
- Cobalt Business Park (JV vehicle): The UK's largest office park developed jointly by Ashall and Highbridge; the JV is itself a comparable commercial estate, comparable in asset class but distinct as a JV rather than competitor.
Broad incumbents
- Helical plc: UK listed office-focused developer and investment company developing and owning Grade A offices across London and the regional cities. Comparable in office development and asset management activities, though with a London-centric focus.
- Peel L&P: Large Manchester-based property investment and development group operating across the North of England in residential, commercial, retail and regeneration. Comparable as a regional-scale developer pursuing long-duration public-private regeneration schemes and mixed-use assets in the same geographies as Ashall.
Direct peers
- Harworth Group plc: Listed UK land regeneration and property development company that transforms former industrial and Enterprise Zone sites into residential, commercial and mixed-use developments, particularly across the North and Midlands. Comparable as an Enterprise Zone specialist developer.
- Muse Developments: UK regeneration-led commercial developer specialising in public-private partnerships with local authorities to deliver Grade A offices, mixed-use and town centre regeneration. Closely comparable to Ashall's Centre Square model and council-led deal structure.
- Highbridge Properties Plc: JV partner on Cobalt Business Park and co-developer of large-scale commercial office parks. Directly comparable as a co-investor and parallel office park developer operating in the North East.
- CEG (Commercial Estates Group): UK commercial property developer and investor focused on office, industrial and mixed-use regeneration schemes. Comparable as a regional commercial developer pursuing long-term partnerships with public sector bodies.
- Marick Group: UK developer with a track record in commercial and residential property development across the North of England, often in partnership with local authorities. Comparable as a regional mid-market developer.
Regional players
- Scarborough Group International: UK developer of commercial, residential and mixed-use schemes with a strong regional focus including hotels and Grade A offices. Comparable as a regional mixed-use developer operating across multiple Northern cities.
- Ask Real Estate: Manchester-based commercial property developer focused on Grade A office and mixed-use schemes in the North of England, including town centre regeneration projects. Comparable as a regional office developer serving similar occupier segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ashall Property social profiles
Digital presenceAshall Property financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ashall Property leadership team
Management profileNumber of profiles
Profiles1 record
Ashall Property subsidiaries and ownership
Company hierarchySubsidiaries2 records
Ashall Property funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ashall Property M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ashall Property
What does Ashall Property do?
Ashall Property is a private property investment and development company that develops commercial offices, hotels, and mixed-use real estate across the North of England. The company sources and negotiates direct property transactions, procures third-party financing, and provides proactive asset management and development services. Its portfolio includes Cobalt Business Park (the UK's largest office park), Centre Square office development in Middlesbrough, and several hotel developments under brands including Aloft and Holiday Inn Express.
Is Ashall Property a public or private company?
Ashall Property is a private company. It is classified as family owned and is currently operating.
When was Ashall Property founded?
Ashall Property was founded in 1936. It employs 1 to 10 people.
Where is Ashall Property based?
Ashall Property is headquartered in Preston Brook, United Kingdom, in the Europe region.
How does Ashall Property make money?
Three revenue lines are on record. Property Development and Sale is the primary driver. The others are asset Management Services and property Investment.
Who are Ashall Property's main competitors?
Cobalt Business Park (JV vehicle) is listed as an others. Broad incumbents are Helical plc and Peel L&P. Direct peers are Harworth Group plc, Muse Developments, Highbridge Properties Plc, CEG (Commercial Estates Group) and Marick Group. Regional players are Scarborough Group International and Ask Real Estate.
Does Ashall Property have an API?
No public API is recorded for Ashall Property.
What industry is Ashall Property in?
Ashall Property's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJANAC, Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support), with a secondary code of BPAJANAA, Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation). Its NAICS code is 53119 and its SIC code is 6532.