COMPANY HISTORY

The Cygnet Journey

Cygnet Properties & Leisure Plc was formed in July 1997. The aim of the Company from its outset has been to invest in the UK’s commercial property market. Primarily, the Company acquires freehold properties where angles exist to increase the revenue and enhance capital values. Upon maturity, a property is either retained within the long term investment portfolio, or traded for the benefit of cash flow and profit opportunities.

The company portfolio includes many well let investments, with high quality covenant strength and long unexpired terms. However, the Company has not been risk-averse, often acquiring vacant properties and through proactive marketing, refurbishment works and offering flexible occupation terms, have produced fully occupied business centres with healthy rent rolls.

Where appropriate, Cygnet has taken strategic partnerships with other organisations, either for the benefit of their specialist knowledge or to share in a capital intensive project.

The Board of Directors collectively has over 200 years of business, property and banking experience. While the current economic downturn will inevitably bring challenges to the sector, the Company is well placed to see itself through these trying times. Factors that will assist Cygnet are its wide ranging mix of tenants as well as conservative gearing ratio.

Directors
James Fraser Livingston FRICS (Non-executive Chairman)
Nazmu Virani (Chief Executive)
Zul Virani (Operations Director)
Rahim Virani BSc (Property Director)
Karim Virani BA (LAW) (Non-executive Director - Legal)
Philip Cockburn FBIM (Non-executive Director - Finance)
Shaila Virani BSc (Non-executive Director)

Company Secretary
Jasvinder Singh Kalsi FCCA