Thames Bank Property

We seek to deploy capital at the strategically right time in the property cycle. We have built up a solid reputation and an extensive network of contacts over several years, which gives us the inside track on opportunities, often before they come to market. We keep a close eye on other ways to enhance the properties, for example by obtaining change of use from office to residential, or retail to student accommodation.

Thames Bank is led by Colin Morris, supported by Ian Kitchener. Together, they have in depth experience of finance, development, investment and leasing in all the main commercial & residential property sectors. Colin has worked in the property industry for the last 25 years.

He offers strong financial and all round strategic property expertise, together with a proven ability to read the market and deliver above average returns, whatever the economic climate.Managing complex relationships, including joint ventures and partnerships, is a key part of his skill set. He also has a proven commitment to stick with investments and protect the interest of his investors.

Project success often depends on working effectively with interested parties and overcoming challenges they may present. We pride ourselves on our ability to engage and sympathise with people from many backgrounds, with diverse viewpoints.

These have included The Crown, English Heritage, landed property estates, government departments, local government, planning authorities, local pressure groups, FTSE top 100 companies and a large variety of owners and occupiers of homes and buildings.The following examples of successful projects demonstrate our capabilities across a range of disciplines, including development, investment, planning gain and strategic asset management.

Acquired circa 300,000 sq ft former Derrys Department Store site, Plymouth City centre, in an off market deal. Obtained planning permission to create 500 bed student accommodation, 110 bed hotel & c65,000 sq ft leisure / retail. Our strategy has been to redevelop this landmark site which, like other large department stores in UK cities, had simply become obsolete.

Transformed gross annual rent from 60,000 short term risky income into 460,000 income from quality covenants on leases made attractive to the investment market. Building restored from near total dilapidation into a sought after office building combining period elegance with a modern specification. We sold the property at the height of the market, before the property crash at a net yield of 4.9%.