Guildhouse has formed a 20-year partnership with Aylesbury Vale District Council to invest in and manage a mixed portfolio of properties, with asset management services being provided by Akeman Management LLP, a joint venture between Guildhouse and Philip Ingman of Strutt and Parker Real Estate Financial Services/Ingman and Day. The deal, the first of its type in the UK, was closed on 12th October 2009 following a comprehensive procurement process by the Council to select an ideal partner.

The JV vehicle is a Limited Liability Partnership, Aylesbury Vale Estates LLP (AVE), and represents, for Guildhouse, an opportunity to invest, alongside a Unitary Council in a large mixed use portfolio of industrial, commercial and retail properties. Although 50% of the ownership of AVE will vest in a public body, it is a private sector entity. Guildhouse/Akeman will develop and manage the portfolio in accordance with normal commercial good practice. The aim is to generate the maximum income stream in a difficult economic climate and to take advantage of development opportunities as and when they arise for providing modern industrial, commercial and residential space.

The portfolio includes industrial premises, town centre sites, surface car parks, shops, sports grounds and facilities, community buildings and operational properties such as waste recycling yards.

The Aylesbury region is a designated growth zone for residential development. It is anticipated that there will be opportunities for portions of the portfolio to be developed as residential areas for private and affordable homes.

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