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LOTHIAN AND

         BORDERS

         COMPLETED
         GDV: £13.5m
         No of units: 30
         Gross Profit: £3.6m
         Build completion: Q4 2011



                                                                                                                                   We believe that successful
                                                                                                                                   property asset management
                                                                                                                                   combines strategic thinking
                                                                                                                                   with specialist knowledge and
                                                                                                                                   experience to identify, unlock and
                                                                                                                                   deliver hidden growth potential
                                                                            FIFE                                                   from property assets.




                                                                            COMPLETED
                                                                            GDV: £2.4m
                                                                            No of units: 3
                                                                            Gross Profit: £0.65m
                                                                            Build completion: Q3 2013


                                                                            Site in St Andrews for three high end
                                                                            townhouses completed on a very
                                                                            difficult site
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