Bourne Capital
Encyclopedia
Bourne Capital is an integrated property investment and leisure
group in the UK.
. Bourne was previously co-founder of Local London Group (LLG), the then market leader in the London serviced office sector. The company went public in 1986, and was sold three years later for £120 million.
Bourne Capital’s ethos was based on the same formula as LLG, i.e. to generate enhanced revenues from property investments through active management
and innovative marketing
, however, the new company’s business model was to develop and extend this concept much further.
estates situated in Queensway
, Waterloo
, Chinatown
and Islington
. Within each of the estates the company has created high profile leisure businesses which enhance the general area, provide facilities for local businesses, tenants and residents, and, importantly, attract footfall from outside each estate. This innovative approach has resulted in its properties being fully let, and revenues being significantly higher than could normally be achieved by traditional property investment companies. The company currently has assets of £250 million.
Bourne Capital’s Queensway Estate comprises 163000 square feet (15,143.2 m²) comprising retail units, 214 apartments, a six level car park for 320 cars, Queens Ice and Bowl and Queensway Market.
Waterloo
The Waterloo Estate comprises 163000 square feet (15,143.2 m²) with significant properties on the island site opposite the train and underground stations. It includes offices, serviced offices, retail shops and the Old Vic Theatre and Waterloo Brasserie; the latter are both managed by the group. Bourne Capital is planning to redevelop part of the Waterloo estate to create central London’s only world-class, 10,000-seat auditorium and conference centre.
Chinatown
Bourne Capital’s Chinatown estate comprises 67000 square feet (6,224.5 m²) or approximately 60% of Chinatown and includes the Newport Sandringham development, Chinatown Zone, Chinatown Market and Geisha Bar, owned and managed by the group.
Islington
The Islington estate comprises the Collins Music Hall, London’s oldest, which is currently being completely redeveloped to form a state of the art theatre and cultural centre in Islington. Included in the development are 70 apartments, retail and leisure accommodation.
Old Vic Productions PLC, part of the group, is a leading UK theatrical production company chaired by Bob Diamond and whose CEO is Sally Greene. Productions have included Billy Elliot the Musical, the most successful British musical in recent years, the Vagina Monologues and many others.
Theatres and Philanthropic Activity
Bourne Capital have restored three important London theatres to their former glory; Richmond Theatre
, the Old Vic
and the Criterion
. The Collins Music Hall in Islington is also currently being redeveloped. In each instance the company have restored the theatre and established a charitable
trust to preserve them for the nation. Sally Greene, wife of Robert Bourne is CEO of the Old Vic
, working alongside Kevin Spacey
, Artistic Director, and Chairman, Sir Elton John. Lord Attenborough appointed by Robert Bourne and Sally Greene is Chairman of the Criterion.
French Operations
Bourne Capital have acquired two important hotels in France
, situated in St. Tropez and Courchevel
, and in 2009, are launching Chateau St Tropez, the first of a series of ‘Private Palaces’ comprising a group of unique rental properties offering unsurpassed luxury facilities.
Special Opportunities Fund
With the advent of challenges in the property and finance sector, Bourne Capital established their own Special Opportunities Fund in June 2008 to co-invest ‘side by side’ with bank
s, institutions and joint venture partners. The purpose of the fund is to maximise the potential of assets which might otherwise be adversely affected by the financial climate. This is achieved by applying Bourne Capital’s financial model of integrating property
and leisure
to achieve significantly enhanced returns and medium/long term planning gains.
Leisure
Leisure, or free time, is time spent away from business, work, and domestic chores. It is also the periods of time before or after necessary activities such as eating, sleeping and, where it is compulsory, education....
group in the UK.
Origins
Bourne Capital was founded in 1989 by Robert BourneRobert Bourne (developer)
Robert Bourne is a British property developer, entrepreneur and philanthropist who was born in London, UK. Over the past 30 years Bourne has amassed a vast property and leisure empire in London and France and has achieved wide recognition for his patronage of the dramatic arts with his wife,...
. Bourne was previously co-founder of Local London Group (LLG), the then market leader in the London serviced office sector. The company went public in 1986, and was sold three years later for £120 million.
Bourne Capital’s ethos was based on the same formula as LLG, i.e. to generate enhanced revenues from property investments through active management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
and innovative marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, however, the new company’s business model was to develop and extend this concept much further.
The Company Today
The company’s main activities are focussed on their ownership and active management of four major LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
estates situated in Queensway
Queensway (London)
Queensway is a bustling cosmopolitan street in the Bayswater district of west London. It contains many restaurants , pubs, letting agents, and high street stores...
, Waterloo
Lambeth
Lambeth is a district of south London, England, and part of the London Borough of Lambeth. It is situated southeast of Charing Cross.-Toponymy:...
, Chinatown
Chinatown, London
The name Chinatown has been used at different times to describe different places in London. The present Chinatown is part of the Soho area of the City of Westminster, occupying the area in and around Gerrard Street...
and Islington
Islington
Islington is a neighbourhood in Greater London, England and forms the central district of the London Borough of Islington. It is a district of Inner London, spanning from Islington High Street to Highbury Fields, encompassing the area around the busy Upper Street...
. Within each of the estates the company has created high profile leisure businesses which enhance the general area, provide facilities for local businesses, tenants and residents, and, importantly, attract footfall from outside each estate. This innovative approach has resulted in its properties being fully let, and revenues being significantly higher than could normally be achieved by traditional property investment companies. The company currently has assets of £250 million.
London Estates
QueenswayBourne Capital’s Queensway Estate comprises 163000 square feet (15,143.2 m²) comprising retail units, 214 apartments, a six level car park for 320 cars, Queens Ice and Bowl and Queensway Market.
Waterloo
The Waterloo Estate comprises 163000 square feet (15,143.2 m²) with significant properties on the island site opposite the train and underground stations. It includes offices, serviced offices, retail shops and the Old Vic Theatre and Waterloo Brasserie; the latter are both managed by the group. Bourne Capital is planning to redevelop part of the Waterloo estate to create central London’s only world-class, 10,000-seat auditorium and conference centre.
Chinatown
Bourne Capital’s Chinatown estate comprises 67000 square feet (6,224.5 m²) or approximately 60% of Chinatown and includes the Newport Sandringham development, Chinatown Zone, Chinatown Market and Geisha Bar, owned and managed by the group.
Islington
The Islington estate comprises the Collins Music Hall, London’s oldest, which is currently being completely redeveloped to form a state of the art theatre and cultural centre in Islington. Included in the development are 70 apartments, retail and leisure accommodation.
London Leisure and Entertainment
Bourne Capital have interests in theatres, theatrical productions, leisure businesses, restaurants and bars in London. These include Queens Ice and Bowl in Queensway, Ronnie Scotts, Geisha Bar in Chinatown, the Cheyne Walk Brasserie and Waterloo Brasserie.Old Vic Productions PLC, part of the group, is a leading UK theatrical production company chaired by Bob Diamond and whose CEO is Sally Greene. Productions have included Billy Elliot the Musical, the most successful British musical in recent years, the Vagina Monologues and many others.
Theatres and Philanthropic Activity
Bourne Capital have restored three important London theatres to their former glory; Richmond Theatre
Richmond Theatre
The present Richmond Theatre, in the London Borough of Richmond upon Thames, is a British Victorian theatre located on Little Green, adjacent to Richmond Green. It opened on 18 September 1899 with a performance of As You Like It, and is one of the finest surviving examples of the work of theatre...
, the Old Vic
Old Vic
The Old Vic is a theatre located just south-east of Waterloo Station in London on the corner of The Cut and Waterloo Road. Established in 1818 as the Royal Coburg Theatre, it was taken over by Emma Cons in 1880 when it was known formally as the Royal Victoria Hall. In 1898, a niece of Cons, Lilian...
and the Criterion
Criterion Theatre
The Criterion Theatre is a West End theatre situated on Piccadilly Circus in the City of Westminster, and is a Grade II* listed building. It has an official capacity of 588.-Building the theatre:...
. The Collins Music Hall in Islington is also currently being redeveloped. In each instance the company have restored the theatre and established a charitable
Charity (practice)
The practice of charity means the voluntary giving of help to those in need who are not related to the giver.- Etymology :The word "charity" entered the English language through the Old French word "charité" which was derived from the Latin "caritas".Originally in Latin the word caritas meant...
trust to preserve them for the nation. Sally Greene, wife of Robert Bourne is CEO of the Old Vic
Old Vic
The Old Vic is a theatre located just south-east of Waterloo Station in London on the corner of The Cut and Waterloo Road. Established in 1818 as the Royal Coburg Theatre, it was taken over by Emma Cons in 1880 when it was known formally as the Royal Victoria Hall. In 1898, a niece of Cons, Lilian...
, working alongside Kevin Spacey
Kevin Spacey
Kevin Spacey, CBE is an American actor, director, screenwriter, producer, and crooner. He grew up in California, and began his career as a stage actor during the 1980s, before being cast in supporting roles in film and television...
, Artistic Director, and Chairman, Sir Elton John. Lord Attenborough appointed by Robert Bourne and Sally Greene is Chairman of the Criterion.
French Operations
Bourne Capital have acquired two important hotels in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
, situated in St. Tropez and Courchevel
Courchevel
Courchevel is the name of a ski resort located in the commune of Saint-Bon-Tarentaise in the French Alps, in the Tarentaise Valley, Savoie, Rhône-Alpes region. It is a part of Les Trois Vallées, the largest linked ski area in the world...
, and in 2009, are launching Chateau St Tropez, the first of a series of ‘Private Palaces’ comprising a group of unique rental properties offering unsurpassed luxury facilities.
Special Opportunities Fund
With the advent of challenges in the property and finance sector, Bourne Capital established their own Special Opportunities Fund in June 2008 to co-invest ‘side by side’ with bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s, institutions and joint venture partners. The purpose of the fund is to maximise the potential of assets which might otherwise be adversely affected by the financial climate. This is achieved by applying Bourne Capital’s financial model of integrating property
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
and leisure
Leisure
Leisure, or free time, is time spent away from business, work, and domestic chores. It is also the periods of time before or after necessary activities such as eating, sleeping and, where it is compulsory, education....
to achieve significantly enhanced returns and medium/long term planning gains.
External links
- Bourne Capital Official Website - www.bournecapital.com
- Capital Tower - www.capital-tower.co.uk
- Waterloo Business Centre - www.waterloobusinesscentre.com
- Cheyne Walk Brasserie - www.cheynewalkbrasserie.com
- Queensway Market - www.queenswaymarket.co.uk
- The Criterion Theatre - www.criterion-theatre.co.uk
- The Old Vic - www.oldvictheatre.com
- Old Vic Productions PLC - www.oldvicproductions.com
- Waterloo Brasserie - www.waterloobrasserie.co.uk
- Ronnie Scott’s - www.ronniescotts.co.uk
- Integrating Property & Leisure - Articlealley.com