Evenbrook was founded in 1994 by Chris Butterfield and John Coles who identified an opportunity to build a sizeable business in the Private Rented Sector (PRS) as the Business Expansion Scheme wound down in the early 1990s. Chris and John retain ownership of the business today.
Evenbrook owns and manages a £60 million PRS portfolio of around 600 PRS properties and a 660 bed student campus . The portfolio includes a broad selection of apartments and bungalows concentrated in selected locations. Property occupancy averaging over 98% demonstrates the level of demand for the quality homes at affordable rents that we provide..
We are a team of property and finance professionals with extensive experience in buying, building, managing and selling rental properties. We offer quality homes for rent and deliver good service to our customers. Our scalable operating platform and business model create value for stakeholders through effective management delivering great customer service and asset management producing cash generation and yield compression with financial gearing used appropriately.
Evenbrook has focused on buying unbroken freehold apartment blocks in suburban areas in Birmingham and Wolverhampton. These areas generate higher rental yields than those in city centres and offer significant management efficiencies. It is easier to manage the appearance of the general environment when an unbroken block is held compared with ‘pepper-potted’ units. Evenbrook specialises in managing its properties in-house and employs a team of 40 people who handle letting, property management, property maintenance including electrical works, cleaning, security and financial management.
The founders and management team have a significant network of contacts in residential investment property and finance including the main agency firms together with banks, private equity and legal firms. Evenbrook has a strong profile in the UK PRS which has grown from providing around 10% of housing stock in 2000 to being on track to provide 20% of housing stock by 2020.
John Coles is a Chartered Surveyor and was until recently Chairman of the British Property Federation’s Residential Investment Committee. Chris Butterfield is a Chartered Accountant with a background in corporate finance with Arthur Andersen . Evenbrook has been built on long term relationships and benefits from a stable and experienced management team. Mike Poole, who is a Chartered Accountant and Chartered Tax Adviser, joined in 2006 as Managing Director having worked with the founders since 1990. Business development and property management are headed up by Chartered Surveyor James Butterfield, Financial and Operational Management is driven by Joanna Dutton, who is a Chartered Certified Accountant and Customer Services is led by Gaynor Field and Emma Irwin, who also leads HR activities.
Evenbrook’s portfolio of PRS properties is included within the IPD UK Residential Property Index.
Contact information: email@example.com or call 0121 553 2747.
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