• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

  • Home
  • What is LKP
  • Find everything …
  • Contact
Donate

Leasehold Knowledge Management Logo

Secretariat of the All Party Parliamentary Group on leasehold reform

Mobile Menu

  • Home
  • What is LKP
  • Find everything …
  • Contact
  • Advice
  • News
    • Find everything …
    • About Peverel group
    • APPG
    • ARMA
    • Bellway
    • Benjamin Mire
    • Brixton Hill Court
    • Canary Riverside
    • Charter Quay
    • Chelsea Bridge Wharf
    • Cladding scandal
    • Competition and Markets Authority / OFT
    • Commonhold
    • Communities Select Committee
    • Conveyancing Association
    • Countrywide
    • MHCLG
    • E&J Capital Partners
    • Exit fees
    • FirstPort
    • Fleecehold
    • Forfeiture
    • FPRA
    • Gleeson Homes
    • Ground rent scandal
    • Hanover
    • House managers flat
    • House of Lords
    • Housing associations
    • Informal lease extension
    • Insurance
    • IRPM
    • JB Leitch
    • Jim Fitzpatrick MP
    • John Christodoulou
    • Justin Bates
    • Justin Madders MP
    • Law Commission
    • LEASE
    • Liam Spender
    • Local authority leasehold
    • London Assembly
    • Louie Burns
    • Martin Paine
    • McCarthy and Stone
    • Moskovitz / Gurvits
    • Mulberry Mews
    • National Leasehold Campaign
    • Oakland Court
    • Park Homes
    • Parliament
    • Persimmon
    • Peverel
    • Philip Rainey QC
    • Plantation Wharf
    • Press
    • Property tribunal
    • Prostitutes
    • Quadrangle House
    • Redrow
    • Retirement
    • Richard Davidoff
    • RICS
    • Right To Manage Federation
    • Roger Southam
    • Rooftop development
    • RTM
    • Sean Powell
    • SFO
    • Shared ownership
    • Sinclair Gardens Investments
    • Sir Ed Davey
    • Sir Peter Bottomley
    • St George’s Wharf
    • Subletting
    • Taylor Wimpey
    • Tchenguiz
    • Warwick Estates
    • West India Quay
    • William Waldorf Astor
    • Windrush Court
  • Parliament
  • Accreditation
  • [Custom]
Menu
  • Advice
  • News
      • Find everything …
      • About Peverel group
      • APPG
      • ARMA
      • Bellway
      • Benjamin Mire
      • Brixton Hill Court
      • Canary Riverside
      • Charter Quay
      • Chelsea Bridge Wharf
      • Cladding scandal
      • Competition and Markets Authority / OFT
      • Commonhold
      • Communities Select Committee
      • Conveyancing Association
      • Countrywide
      • MHCLG
      • E&J Capital Partners
      • Exit fees
      • FirstPort
      • Fleecehold
      • Forfeiture
      • FPRA
      • Gleeson Homes
      • Ground rent scandal
      • Hanover
      • House managers flat
      • House of Lords
      • Housing associations
      • Informal lease extension
      • Insurance
      • IRPM
      • JB Leitch
      • Jim Fitzpatrick MP
      • John Christodoulou
      • Justin Bates
      • Justin Madders MP
      • Law Commission
      • LEASE
      • Liam Spender
      • Local authority leasehold
      • London Assembly
      • Louie Burns
      • Martin Paine
      • McCarthy and Stone
      • Moskovitz / Gurvits
      • Mulberry Mews
      • National Leasehold Campaign
      • Oakland Court
      • Park Homes
      • Parliament
      • Persimmon
      • Peverel
      • Philip Rainey QC
      • Plantation Wharf
      • Press
      • Property tribunal
      • Prostitutes
      • Quadrangle House
      • Redrow
      • Retirement
      • Richard Davidoff
      • RICS
      • Right To Manage Federation
      • Roger Southam
      • Rooftop development
      • RTM
      • Sean Powell
      • SFO
      • Shared ownership
      • Sinclair Gardens Investments
      • Sir Ed Davey
      • Sir Peter Bottomley
      • St George’s Wharf
      • Subletting
      • Taylor Wimpey
      • Tchenguiz
      • Warwick Estates
      • West India Quay
      • William Waldorf Astor
      • Windrush Court
  • Parliament
  • Accreditation
You are here: Home / Latest News / Rendall and Rittner buys Braemar Estates

Rendall and Rittner buys Braemar Estates

October 12, 2017 //  by Sebastian O'Kelly

… and Braemar Estates only manages 14% of the Ground Rents Income Fund plc

LKP asked Braemar Estates for clarification of its relationship with the publicly quoted Ground Rents Income Fund plc.

It owns some freeholds with doubling ground rents and has offered to transfer them to RPI.

Ground Rents Income Fund plc offers help to leaseholders … in order to keep this grisly show on the road

LKP noted that James Agar, employed by Brooks Macdonald Funds (BMF) which manages GRIF plc, is a director of Braemar Estates, and that Martin Robinson, chairman of Braemar Estates is a director of GRIF Cosec Limited, which appears to own the freeholds of the fund.

Mr Agar has repeatedly stated that the Ground Rents Income Fund plc is “committed to being a socially-responsible landlord, working hard to treat all leaseholders in a simple, honest and transparent manner”.

It provided the following statement to LKP on September 25:

Ground Rents Income Fund plc (GRIF) is a closed ended real estate investment trust (REIT) incorporated in England and Wales in April 2012. The Company was admitted to the Official List of the CISX and to trading on the SETSqx platform of the London Stock Exchange (LSE) in August 2012. As a publicly listed company GRIF meets all necessary regulatory shareholder disclosure requirements.

GRIF has appointed Brooks Macdonald Funds (BMF), a subsidiary of Brooks Macdonald Group, as Investment Manager, an activity which is governed by the EU’s Alternative Investment Fund Managers Directive (AIFMD) and regulated by the Financial Conduct Authority (FCA).

BMF delegates its responsibility for the collection of ground rent from the GRIF portfolio to Braemar Estates (Residential) Ltd (Braemar), a sister company in the Brooks Macdonald Group.

Braemar is separately appointed by GRIF to manage approximately 14% of the leasehold properties within the GRIF portfolio. The remainder of the portfolio is managed by other, unrelated, managing agents.

GRIF, as the owner of residential freeholds, and Braemar, as property manager of the above mentioned minority of the GRIF portfolio, are not related companies and they are not under common ownership.

Furthermore, Brooks Macdonald Group recently announced (21 September 2017) the sale of Braemar to Rendall & Rittner Limited, with the sale due to complete by calendar year end.

GRIF Cosec Ltd is a wholly owned subsidiary of GRIF and does not own any freeholds itself, but provides secretarial services to the company.

As a point of clarification, Mr Agar is not the CEO of GRIF but is employed by BMF.

A copy of the RNS announcement outlining the action GRIF proposes to take in relation to doubling ground rents it owns is attached, as well as Brooks Macdonald Group’s announcement regarding the sale of Braemar.

Regards

Braemar Estates

Brooks Macdonald Group Disposal 20170921

GRIF Company Update 20170904

Related posts:

Ground rent speculator in leasehold homes laments losses in FT Ground Rents Income Fund plc says it wants to be a ‘socially responsible landlord’. How about: socially responsible ex-landlord? Default ThumbnailExecutive guilty of plundering £122,000 from managing agents Rendall and Rittner Default ThumbnailVan Houten abused trust of clients and colleagues, says Rendall and Rittner Default ThumbnailRendall and Rittner ‘confident’ to prevent another Simon Van Houten fraudster

Category: Latest News, NewsTag: Braemar Estates, Brooks Macdonald Funds, GRIF Cosec Limited, Ground Rents Income Fund plc, James Agar, Martin Robinson, Rendall and Rittner

Latest Tweets

Tweets by @LKPleasehold

Mentions

Anthony Essien (34) APPG (37) ARMA (87) Bellway (30) Benjamin Mire (32) Cladding scandal (71) Clive Betts MP (31) CMA (45) Commonhold (52) Competition and Markets Authority (41) Countryside Properties plc (33) FirstPort (43) Grenfell cladding (56) Ground rents (54) Harry Scoffin (150) James Brokenshire MP (31) Jim Fitzpatrick (35) Justin Bates (40) Justin Madders MP (67) Katie Kendrick (37) Law Commission (60) LEASE (66) Leasehold Advisory Service (62) Leasehold houses (32) Liam Spender (31) Long Harbour (48) Martin Boyd (80) McCarthy and Stone (39) National Leasehold Campaign (38) Persimmon (49) Peverel (61) Property tribunal (49) Redrow (30) Retirement (37) Robert Jenrick (33) Roger Southam (47) Sajid Javid (38) Sebastian O’Kelly (55) Sir Peter Bottomley (201) Taylor Wimpey (106) Tchenguiz (33) The Guardian (33) The Times (32) Vincent Tchenguiz (43) Waking watch contracts (40)
Previous Post: « Demo at First-Time Buyers show warns of developers’ leasehold rip-offs
Next Post: James Tuttiett: I have lost two buyers of my flat through ground rent scams. Can you hurry up changing my terms? »

Reader Interactions

Comments

  1. Kim

    October 12, 2017 at 6:34 pm

    I believe that Mr Agar and associated “Ground rents Income fund ” is working hard to treat all leaseholders as “simple”. Forget the rest of the guff about “transparency ” Yadda yadda.

    The Residential Property Industry has been revealed to be an utter cesspit of venality, so much so that it makes the machinations in Hollywood look like a tea party at the Women’s Institite on a wet wedensday afternoon.

    It’s “Weinstein ” moment has arrived………Leaseholders can only take so much abuse. Freeholders and their attack dog, uneducated Managing Agents predatory behaviour towards leaseholders -which includes threats and the intimidation of leaseholders, cannot continue without serious forms of legal discipline being introduced through STRICT REGULATION.- The Government are enablers if they allow this abuse to continue!!

    ENOUGH IS ENOUGH.

    • Kim

      October 12, 2017 at 7:25 pm

      In addition to my above post:

      I hope that leaseholders who have been exploited and beleaguered by Freeholders and Managing Agents now beginnings to feel a sense of EMPOWERMENT! These Residential property operators who have abused and continue to abuse leaseholders are nothing more than PREDATORS who must be brought to book by the government.

      I honestly believe that it is a human rights issue, simply because these PREDATORS are wilfully denying leaseholders and their family to a peaceful existence.

      ENOUGH IS ENOUGH!!

  2. Kim

    October 12, 2017 at 7:31 pm

    Spell check – spell check / gramma alert.

    1. These PREDATORS are wilfully denying leaseholders and their families their right to a peaceful existence.

    2.I hope that leaseholders are beginning to feel a sense of EMPOWERMENT.

    3.I wish this site had an edit facility.

Above Footer

Advising leaseholders. Avoiding disasters.
Stopping forfeiture. Exposing abuses. Urging reform.

We depend on individuals for the majority of our funding.

Support Us and Donate

LKP Managing Agents

Become an LKP Managing Agent

Common Ground
Adam Church
Blocnet property management2

Stay in Touch

To achieve victory in the leasehold game where you are playing against professionals and with rules that they know all too well - stay informed with the LKP newsletter.
Sign Up for Newsletter

Professional Directory

The following advertisements are from firms that seek business from leaseholders.
Click on the logos for company profiles.

Footer

About LKP

  • What is LKP
  • Privacy and data

Categories

  • News
  • Cladding scandal
  • Commonhold
  • Law Commission
  • Fleecehold
  • Parliament
  • Press
  • APPG

Contact

Leasehold Knowledge Partnership
Open Data Institute
5th Floor
Kings Place
London N1 9AG

sok@leaseholdknowledge.com

Copyright © 2023 Leasehold Knowledge Partnership | All rights reserved
Leasehold Knowledge Partnership Limited (company number: 08999652) is a company limited by guarantee that is a registered charity (number: 1162584) with the Charities Commission.
LKP website is hosted at www.34sp.com
Website by Callia Web