Teakwood Partners is a property investment and development vehicle operating in the residential and commercial sectors. Based in Harrogate, North Yorkshire and owned by Mark Rudolph and Daniel Martin, it is the over arching vehicle for 2 subsidiary enterprises: Teakwood Investments and Teakwood Developments.
Teakwood Investments currently owns 3 assets with a total value of circa £2.8 million; A commercial site of 1.5 acres at Ferrybridge; a 10,000 ft2 office building in Leeds and a mixed-use, grade I listed property in Halifax.
Teakwood Developments is a trader developer that enters into options on land with development potential or purchases freehold interests in distressed or vacant assets before adding value and trading on. Detailed case studies of past projects can be found under the various sector tabs but past projects have included schemes in Macclesfield, Allostock, Hertford, Chommerley, Halifax and Northwich. It is currently considering strategic land options in Northallerton, Warrington and Darsbury. It has no bank debt and internal cash reserves are used for all acquisitions. As projects come to fruition it is constantly looking for new opportunities and typically lot sizes of up to £1.5 million are of interest.
Teakwood Partners is also a collaborative vehicle, working with additional partners on specific projects. Riva Teakwood, for example, is a joint venture between Teakwood and Riva Homes. It has agreed to buy a plot of land in Barnsley on which it will construct 7 new homes and is currently investigating projects in Skipton and Chesterfield.