News
December: Palmhurst and Unistar's focus on investment and development acquisitions is now absolute, having completed our programme of disposals slated for 2007 and 2008. We've secured excellent returns in the case of all disposals, without exception, and the companies now find themselves without external debt, benefiting from substantial cash resources, and enjoying an exceptional funding position thanks to longstanding relationships with major lenders. The group, having been very active over the final quarter of 2008, anticipates major acquisitions in 2009.
September: Palmhurst are delighted to welcome Jamie Braha, the newest member of our acquisitions team. He joins us from Barratt Homes which he joined as a graduate several years ago, progressing to a key role in one of the group’s most successful land buying teams. He has a strong academic background, with a degree in International Business and Spanish and is currently finishing his post-graduate diploma in surveying. We look forward to the prospect of securing many quality development opportunities through his efforts.
November: Unistar are pleased to have secured an enhanced consent at a site in Woking. Our application for a residential scheme was submitted in light of the Planning Inspectorate’s findings at a recent, successful, appeal regarding a previous application on the site. The new application, approved at committee, involved an increase in the number of units on the site by 20% and vindicated Unistar’s belief from the outset that the site warranted medium density development, despite the Local Authority’s resistance.