Sol Zakay, CEO of the privately owned Topland Group has commented on the company’s annual statement by recounting that 2013 was a particularly successful year for the group, driven by two enviable advantages that Topland have at their disposal; firstly that the company are sitting on considerable cash reserves, added to the fact that the company being in private hands, and managed by a team with a strong entrepreneurial spirit, were capable of making rapid decisions- a fact that is very important when dealing distressed areas of the market.
Zakay went on to add that a key highlight for the year has been Topland’s very successful fulfillment of their diversification strategy. The company has been traditionally been recognized for their acquisitions of trophy real estate assets based on long income streams dependent on a small number of quality tenants.
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“The Topland Group now has a very different profile which includes hotels, property lending, joint ventures, natural resources, solar energy, and venture capital in addition to property investment.” Zakay summed up in his report.
Particular highlights for the year, according to Zakay, was the recent acquisition of the Menzies hotels operating company, which will help to form an additional foundation in the company’s plan to build a substantial hotel business.
Other areas of investment of Topland, are in the development of natural resources, which is being implemented through a strategic partnership with Barclays Bank having already invested in 14 global start-up businesses, while the company maintains their interest in developing their interests in becoming a key force in the solar energy sector, through their own activities as well as providing finance to other solar companies, particularly those involved in the construction of photovoltaic (PV) sites.
Topland still remain heavily involved in real estate, with property investments for 2013 reaching close to £400 million , with the company holding major holdings in 251 UK commercial properties, covering eleven million square feet and housing 600 tenants.
Looking forward to 2014 Sol Zakay wound up his report by predicting that it will be another very positive one for Topland with the company having several major investments in their sites.
Sol Zakay who founded the Topland group in the late Nineteen Eighties, is its CEO and Executive Chairman while his brother Eddie acts as chairman of the Topland Group of Companies, which handles the affairs of the UK property business.
