BNET Industries

Stonemartin Plc.

SOA is in the Business Services Industry

Market Cap:$1.3B
Last Fiscal Year Sales:$24.9M
  • Public
  • UK
Dow Jones Description

Stonemartin provides Grade 'A', high quality serviced and managed offices in City Centre locations. The Company currently operates buildings in Manchester, Birmingham, Reading and the City of London. A Limited Partnership was established in 2001 to fund the acquisition and fit-out of these properties with investors being Norwich Union Life and Pensions and Britel Fund Trustees Limited. The Limited Partnership funds are managed on behalf of the investors by Morley. New Broad Street House is owned outside the Limited Partnership by Norwich Union. The funding structure is very simple; Stonemartin and the building owners split all the income, operating costs and certain capital costs in a 20:80 ratio, except for Birmingham, where the ratio is 15:85. A key differentiator is that Stonemartin does not purchase or lease buildings and no rent is payable. The interests of Stonemartin and the building owners are therefore completely aligned.

Number of Employees 30
Contact Information

100 Pall Mall

London SW1Y 5HP

www.stonemartin...

(44) 20 7321 5666

NAICS Code All Other Business Support Services: 561499

News & Analysis

stonemartin plc. - All News and Analysis

  • Major falling-out at Stonemartin.

    - 2008-01-14

    Stonemartin needs new partners Nigel Bolitho Back in 2001, Stonemartin teamed up with Norwich Union NU and Hermes (BT's pension fund manager) to set up a limited property partnership. The deal involved the institutions buying suitable city centre properties, which were then to be...

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  • STONEMARTIN (SOA).

    - 2006-08-25

    Stonemartin manages five UK city-centre serviced offices for institutional investors Norwich Union and Hermes. The group's return is normally 20 per cent of rental income, less 20 per cent of costs, and the aim is to offer office space (based on GBP500 to GBP950 a month...

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  • STONEMARTIN (SOA).

    - 2004-11-12

    At the beginning of 2004, Stonemartin renegotiated its partnership deals with Norwich Union and Hermes. Up until then, it was responsible for all operating costs at its serviced offices, including the installation of cabling, IT and furniture, in return for a pre-determined share of income. Now...

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  • STONEMARTIN.

    - 2004-07-16

    Aim. A new funding structure has been agreed with investors and Stonemartin now has a new building in Reading, on top of its Bristol, Birmingham and Manchester properties.

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  • Zipcom signs major deal with Stonemartin Corporate Centres.

    - 2002-07-16

    M2 PRESSWIRE-16 July 2002-Zipcom: Zipcom signs major deal with Stonemartin Corporate Centres C1994-2002 M2 COMMUNICATIONS LTD RDATE:07162002 Zipcom plc, the AIM-listed telecommunications operator, today announces that it has been chosen by Stonemartin Corporate Centres, to provide high performance...

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SOA $11.080 -0.010 (-0.09% )
Volume 945,525
Shares Outstanding 121.4M
Market Cap 1.3B
Year High 13.77
Year Low 1.040
Earnings Per Share -7.97
P/E Ratio N/A
Dividend 0.00
Yield 0.00
Glass Door

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