Bourne
FROM THE VERY BEGINNING WE RECOGNISED THE
QUALITIES OF DRIVEN CASH FLOW AND WE HAVE ACHIEVED THE SAME
THROUGH ACTIVE MANAGEMENT
Robert Bourne, Group Chairman

Origins

The foundation of Bourne Capital was laid in the establishment of Local London Group plc (LLG), co-founded by our Chairman, Robert Bourne.

LLG responded directly to a growing need in the 1980's for serviced business centres whilst the country saw a dramatic growth in SMEs. By redeveloping redundant buildings as business centres, LLG grew to accommodate over 1,000 small businesses in over 2 million sq. ft. The Group was taken public in 1986 and later sold in 1989 for £120 million.

Further investment was made in Marina Development, Self Storage and the Serviced Apartment sectors, with the same philosophy applied to all these ventures. By actively managing selectively acquired properties, high short-term income was created providing substantial cash flow whilst maximising development potential in the medium and long-term.

Bourne Capital was established on these same foundational principles, but took into account the dramatic change in market conditions. The recession of the early 1990's saw a dramatic stock market fall and a slump in the real estate market.

Robert saw the opportunity in assembling property assets, applying the same intensive management techniques he knew so well to generate high income from the Company's Estates. Through this strategy, he built longer-term value through acquisition of adjoining properties and gaining successful planning consents for higher yield opportunities.

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