Doug Stewart joined the Board in 1993 and was appointed Managing Director in 2006. Founding Director and now Chief Executive. Past Chairman of the 100 Property Club.
Salmon is an investor and developer of commercial property and is one of the top independent property development companies in the UK.
Salmon Developments Limited was formed in 1989 as a property development company and based itself in Mount Street, London W1. In 1994 Salmon formed a joint venture company, Salmon Harvester Properties Ltd (SHP), with National Farmers Union Mutual Insurance Co Ltd (NFUM), an insurance company who currently have £13bn of funds under management of which some £1.2billion is held in property. SHP was set up as a trader and has established an excellent track record in development in all commercial property sectors UK wide.
In 2007 SHP set up Salmon Harvester Opportunity Fund (SHOF) to add Investment Property capabilities to complement its development activity. SHP is an investor in, as well as being the Fund Manager for, SHOF which is seeking further purchases to grow the fund.
SHOF achieved 2016 year end fund level returns of 14.9% from its £200m Fund, comfortably outperforming IPD by approximately 11%, and placing it in the top 5% of real estate funds monitored by MSCI. The Fund was awarded the MSCI European Property Investment Award for best performing balanced Fund for the UK, reflecting its highest total return relative to the benchmark over 3 years to December 2016. SHOF also collected MSCI/IPF’s award for the best unlisted balanced fund in the UK, recording the highest 3 year annualised return to December 2016.
All projects are run by a dedicated in house team with development, investment, asset management, construction and financial skill sets.
The group operates with an existing £150m facility provided by NFUM.