We look for situations where a seller has to dispose of a property at a figure that differs from its market value or from what we think it’s really worth. Administrations, refinancing pressure and tired, mismanaged buildings all create those gaps. More than £1.25bn of transactions has built the network that brings us many of these deals before they reach the open market.
St Magnus House in Aberdeen is a clear example. We bought the 80,000 sq ft office for £4.75m, with circa £600k set aside for tenant improvements, putting the net cost at around £4.15m, or £52 psf. It’s majority let to Canadian Natural Resources to 2030, with an option to 2035, and produces £1.48m a year in rent, a gross yield of around 36%. Residential conversion, extra floors and parking income add further upside.
Our experience covers the whole UK commercial property market, from offices, shopping centres and high street retail to industrial, hotels and leisure, self-storage, science parks, landed estates and residential. We’ve also owned and operated UK businesses as well as investing in property, including hotels, adult gaming centres and self-storage, so we understand a building from the occupier’s side as well as the investor’s.
It depends on the deal. The Marlowes took eight months from first contact to completion in October 2025. At The Moor Centre in Dudley, we tracked the deal for eight months, and when it fell through we negotiated a £2.9m cash purchase and completed in three weeks.
Past results don’t guarantee future returns, which is why every acquisition goes through a detailed risk-reward analysis covering the asset’s true value, the strength of the tenant covenants and the projected returns.
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Our track record
Two purchases where the price, the tenants and the plan for the building did most of the work.
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Speak to our team
Discuss an acquisition with one of our Directors at max@maritimecapital.co.uk or +44 (0)20 3576 5097.
