About Us

Kenneth F Lindsay FRICS
Director

Ken is a Chartered Surveyor with over 30 years experience in UK commercial property. With Scottish Provident and Aberdeen Asset Managers he was responsible for a £350 million property investment portfolio, and undertook many major transactions including all types of commercial development projects. In 1993, as Property Fund Manager, he assumed responsibility for an active UK property portfolio worth £500 million with annual purchases and sales of more than £100 million. In 1998 Ken joined the Board of Halladale as Property Director and from 2007 onwards was the Managing Director of Stockland UK

Mark J Harkin BAcc CA
Director

Mark graduated from Glasgow University in 1980 and is a Chartered Accountant. After 6 years in the accountancy profession, he joined Caltrust Limited a Scottish based property development company in 1986 and was involved in many development projects throughout the UK. In 1990 he joined Edinburgh Development and Investment Limited, the property development arm of Edinburgh District Council. In 1995, Mark joined the Board of Halladale Group plc as Finance Director and from 2007 onwards was the Finance Director of Stockland UK

Duncan Tindale B.Sc MRICS
Senior Asset and Development Manager

Duncan started his career at Edward Erdman in 1983 as a Development Surveyor working on a variety of town centre retail projects. Since then in a career that has included work at BAA Lynton, MEPC, Simons Estates and Crest Nicholson Duncan has built a proven track record over 30 years in the development of more than a 1,000,000 sq ft of space across the retail , office and industrial sectors throughout the UK.

In addition he has also been responsible for the management of a number of mixed property portfolios In 2007 Duncan joined Stockland as Development Director and has worked on various large scale projects including the development, letting and sale of 70,000 sq ft of new build offices at Tudor St, in the City of London and the promotion of a 200,000 sq ft mixed use town centre development in Brentwood ,Hotel developments together with the Asset Management and disposal of over 350,000 sq ft of London and South East offices

Alison Robertson B.Sc MRICS
Senior Asset Manager

Alison started her career in London with Jones Lang LaSalle and qualified as a Chartered Surveyor in 1992. She then moved in to the Institutional sector with Aberdeen Asset Managers in 1994 and then Scottish Widows as a senior investment manager until the end of 2004 when she moved to work with Halladale/Stockland where she was involved in acquisitions and disposals covering all sectors with transactional activity exceeding £500m. Alison worked closely with Citigroup on a £200m shopping centre fund consisting of 12 schemes around the UK where numerous initiatives were instigated to maintain and increase net income and enhance value. She has also been involved in development currently works on a large site in Aberdeen where there is considerable preletting activity having already pre-let/pre-sold 5 office/industrial units.

Glenn Masterton B.Sc MRICS
Senior Project Manager

Glenn started his career at Heery International Ltd in 1998 as assistant project manager and worked within various operating companies of the Balfour Beatty Group on projects ranging in size and complexity within the commercial, industrial, biomedical, education and healthcare sectors. Projects ranging in value up to £250m included the New Edinburgh Royal Infirmary, Napier University Sighthill Campus and Easterbush Research Institute. In 2008 Glenn joined Stockland Halladale as senior project manager responsible for a portfolio of £100m spanning the commercial, industrial and retail sectors. Since joining Stockland Halladale Glenn has worked on various projects including the delivery of a large grade A office at One Waterloo Street in central Glasgow, the redevelopment of several town centre schemes around the UK and the delivery of Aberdeen gateway, a large warehouse/business park of 70 acres.

The Halladale years

Ken and Mark were key members of the board which guided Halladale through a major expansion in the late 90’s to a property portfolio under management of £1bn with a development programme of £500m. By raising venture capital, properties were acquired both on their own account and in joint venture with parties such as Citigroup Property Investors, La Salle Investment Management and Bank of Scotland. The main focus of Halladale was entrepreneurial asset management and development of properties throughout the UK.

In 2001 Halladale became one of the very few property companies to achieve AIM admission. In the following 4 years Halladale raised c£60m of new equity, expanding its shareholder base and growing its portfolio to c£1billion of property under management. In 2007 Halladale was acquired by Stockland Corporation, a large Australian diversified property company, at 225p per share. The shareholders from the original AIM-listing at 50p therefore experienced a 450% growth in their investment over 6 years an IRR of over 30%pa including dividends. The market cap increased over that period from £10m to £175m

The Stockland years

Stockland acquired the Halladale business for c£200m and started to work towards expanding the UK business with the aim of making it a substantial part of the A$12bn Australian Group. In the first 12 months Stockland UK doubled its staff numbers and acquired a prestigious development site in Edinburgh’s St Andrew Sq. and other major development opportunities.

In 2009, with the onset of the global financial crisis and the collapse of property values, Stockland decided to implement a gradual withdrawal from the UK with an initial target full exit by June 2012. With more than 70 properties under management including wholly-owned and joint ventures across nearly 20 relationships, a substantial exercise was undertaken to identify value-add opportunities as well as restructuring of joint ventures entities and banking arrangements. The key was to maximise the value of properties across the portfolio and, where the high gearing meant there was no realistic prospect of recovering equity, a work-out was pursued with the relevant lender to maximise their recovery. In the 2 years ended June 2012 Stockland UK, under the management of Ken and Mark, realised in excess of £300m in property sales and significantly downsized the UK business

Mayforth

In July 2012 Mayforth was created with several asset and development management contracts, including the development management at Croydon to create a 168 bed hotel pre-let to Premier Inn, and restaurant facilities where construction is progressing well. The hotel is scheduled for completion in Summer 2013 and Mayforth’s involvement will continue to maximise value for the owner who also owns an adjacent multi-let office of some 96,000 sq ft for which Mayforth also provide the asset management..

Mayforth are engaged by Stockland to maximise the value of their residual UK portfolio through on-going asset and development management and, when appropriate to complete the sales of individual properties. Mayforth provide full property, asset, project and development services.

Mayforth have a team of 8 professionals based in Edinburgh and London. With established systems, experienced personnel and an employee base with critical mass, Mayforth will focus on providing asset, project and development management services to property owners, lenders to distressed properties and partners looking to maximise the value of all types of commercial property assets and development land across the UK.