1. 1 Sherman Road,
Bromley, Kent BR1 3JH
020 8315 5454
116-118 Bermondsey Street,
London Bridge, London SE1 3TX
020 7089 6555 acorncommercial.co.uk
TheUpdateCommercial & Development Division
First Quarter
2016
Asset & Equity Management
The Acorn Group has already
opened four new branches in
2016...
What’s Inside...
1
Jeff East and Langford Russell’s
Andrew Roberts took part in the
Kentish Killer...
Page 2 Page 4
Our Asset & Equity Management team co-ordinated the sale
of a prominent freehold building in Camberwell on behalf of a
private client during the first quarter. Our client initially acquired
the long leasehold interest in the ground floor, and over the years
we have arranged the letting to Paddy Power, the acquisition
of the freehold interest out of Receivership and the subsequent
management of the block.
Working with Acquitus we offered the freehold at auction in
February, and secured a sale at £750,000.
The Asset & Equity Management team also acquired the former
Thames Public House in Greenwich at auction on behalf of a
residential development fund in March.
Our Planning Management team has engaged a panel of expert
consultants to conceive a scheme for a new apartment block in
place of the pub, which has sat derelict since the 1990’s.
If you require any further information or advice in connection with
our Equity & Asset Management services, please do not hesitate to
contact Jeff East or Emma Fox on:
020 8315 5454 or 020 7089 6555
Development site sold with full
planning permission in Crystal
Palace...
Page 3
Camberwell
Greenwich

2. In wider Group business, we opened a new John Payne
office in East Greenwich in early January. The prominent
corner unit is located at 11-15 Woolwich Road; opposite
the site of the former Greenwich hospital. In addition to
residential sales, lettings and financial services, the office
also serves as a local base for our John Payne Property
Management team.
Hot on the heels of the East Greenwich opening, we were
delighted to acquire new branches in Welling, Bexleyheath
and Dartford from TG Baynes. Similarly to the acquisition
of John Payne residential in 2013 all former TG Baynes
staff have been retained, but in this case the offices have
been rebranded to Acorn corporate colours.
We have a new Camberwell branch opening in late spring,
and several other irons in the fire, so watch this space!
You’ll read below that as a Group we’ve been on the
acquisition trail – opening 4 new branches since the turn of
the year. The Commercial & Development Division is also
expanding, with larger premises in London Bridge under
offer and set to open before the half year. The new offices
will facilitate the recruitment of additional staff onto both
the agency and niche service teams, and strengthen our
presence in Central London.
All our latest instructions and a full explanation of our
services are listed on www.acorncommercial.co.uk. For
up to the minute news please follow us on Twitter
@acorncommercial, but for advice and general enquiries
we’d always prefer to talk to you, so please call one of
our offices.
As always I hope our in-house Update proves interesting
reading, and would welcome any questions or comments
you may have.
1 Sherman Road,
Bromley, Kent BR1 3JH
020 8315 5454
116-118 Bermondsey Street,
London Bridge, London SE1 3TX
020 7089 6555 acorncommercial.co.uk
A massive final quarter looked a tough act to follow, but I’m
delighted to report that a solid start to 2016 stands us in good
stead for another strong year.
During the first three months it wasn’t residential development
deals that underpinned our figures, but income driven from
investment sales and niche services including our Asset &
Equity Management and Planning Management teams.
With the major banks still unbelievably negative towards the UK
property market, private equity is increasingly playing a major
role. Our Asset & Equity Management services are tailored
towards those clients that don’t have the time or specific
expertise to manage their own projects. Likewise, our Planning
Management Division effectively acts as ‘principal’, and co-
ordinates teams of expert consultants to add value via the ever
more complicated planning system.
The Budget dealt us a few surprises (both positive and
negative) and now Brexit is the latest buzz word. Regardless of
the Referendum though, demand across all sectors is such that
it seems unlikely the ultimate outcome will have much impact
on the Greater London market.
Editorial
Jeff East - Director
jeff.east@acorn.ltd.uk
2
We’re Expanding Clapham
The prospect of a large, attractive period house in a lovely
quiet street, with an SW4 postcode and needing re-
modernisation throughout would make most developer’s
dreams come true.
Whilst this property certainly ticked the aforementioned
boxes, it also came with two protected tenants, and was
let as three flats that unusually weren’t self-contained!
We relish a challenge though, and much to the seller’s
delight, promptly completed a sale to a firm vastly
experienced in the world of protected tenancies.
Similar properties are urgently required across Greater
London and the South East, so please don’t hesitate to
contact us if you have a property you wish to dispose of.
East Greenwich

3. 1 Sherman Road,
Bromley, Kent BR1 3JH
020 8315 5454
116-118 Bermondsey Street,
London Bridge, London SE1 3TX
020 7089 6555 acorncommercial.co.uk
South Croydon
Vacant, freehold parcel of land in a
predominantly residential area, with
consent for a single dwelling; sold to a
private developer.
SouthwarkBromley
Lewisham
West Norwood
Beckenham
Well-presented, B1 offices close to
Southwark Tube. Such space is highly
sought-after in SE1; we quickly completed
a letting to an advertising agency.
Attractive mixed-use freehold sold to
an investment firm comprising retail
space, and upper offices with residential
potential under PD rights.
Vacant, freehold double retail unit; sold to
a private investor. The property requires
extensive refurbishment, and will shortly
be made available for letting.
Vacant freehold property comprising
ground floor A5 unit with 5 bedroom flat
in the uppers. Our marketing campaign
resulted in a sale to a private family trust.
3
This 8 bedroom HMO was sold subject
to a rolling 12 month tenancy to Bromley
Council. Producing £65,700 pax, we
achieved a NIY of 7.3%.
We recently sold this freehold development site with full
planning permission for the demolition of the existing
building, and construction of a pair of substantial semi-
detached houses.
The plot is located just outside the highly sought after
Crystal Palace ‘triangle’, and we therefore have no doubt
that the finished houses will be snapped up quickly!
Crystal Palace Sydenham
Following the recent refurbishment of the landmark
Greyhound Public House at Cobbs Corner in Sydenham,
we’ve been able to complete the letting of a prime
commercial unit that was agreed to Sainsbury’s back in 2011.
Sainsbury’s are one of several high profile occupiers due to
take up residency at the Northern end of the ‘High Street’,
so watch this space!

4. Staff Focus
Here’s what we found out after a brief conversation with Henry Hammond....
Describe yourself in 3 words?
Fun, pragmatic, concise.
What do you find most interesting about
your role?
Meeting different types of people and assisting
them with maximising the value of their assets.
You are based in our Bermondsey Street
office. Where’s your favourite lunch spot?
My favourite place to eat lunch is probably
the popular Bermondsey Street Deli, I
challenge you to make a better chicken
soup!
What sparked your initial interest in the
property industry?
Fresh out of education I was keen to establish
myself in an industry. I focussed on property
in particular as I was greatly inspired by a
family friend who was a successful property
trader.
Imagine you won a £1,000,000, what would
be the first thing you’d buy?
A yacht!
henry.hammond@acorn.ltd.uk
020 7089 6555
acorncommercial.co.uk
Tackling the Kentish Killer
This newsletter is designed and edited in-house by Acorn’s PR & Marketing Division.
Please contact Adam Smith for more information on 020 8315 6959.
The Acorn Group, incorporating:
4
Emma Fox
Office Manager
Jeff East
Director
Tom Luck
Director
Adam Hosking
Associate
Tony Wood
Projects Manager
Lily Whitby
Team Secretary
Could This Be You?
If you are interested
please send your CV to
emma.fox@acorn.ltd.uk
Jess Adams
Team Secretary
Steven Flannighan
Projects Co-ordinator
Henry Hammond
Projects Manager
Jeff East, and Andrew Roberts, Partner at our Langford Russell office in
Chislehurst, undertook the gruelling challenge of cycling the ‘Kentish Killer’
on a particularly brisk day in late February. Whilst relatively short (70km), the
Killer takes in all the major climbs of the North Downs, and certainly isn’t for
the faint-hearted.
Many thanks to
Andrew & Alex at
CWJ Solicitors who
sponsored the event
in aid of the Kent,
Surrey and Sussex
Air Ambulance.