Himor establishes Carrington office

Himor Group, the land and property company owned by Bill and Will Ainscough, has relocated its head office from Clarence House in Manchester to the Carrington Business Park in Trafford.

The move to Pembroke House follows a company restructure in which Himor took over the ownership and management of the 1,655-acre former Shell refinery at Carrington. As part of the restructure process Himor has also agreed a new £20m rolling credit facility with the Royal Bank of Scotland.

Shell selected Langtree as preferred developer at Carrington in 2013.

Himor later purchased the site from Langtree. Alongside his co-ownership of Himor, Bill Ainscough is also the owner of Langtree, now known as Network Space.

Himor now owns more than 1.1m sq ft of investment property, 2,000-acres of strategic land and is promoting a further 1,000-acres of land through the planning system on behalf of third party landowners.

Himor has net assets of £65m and an additional £15m of cash available for acquisitions.

Will Ainscough, managing director of Himor Group, said: “The last five years have been incredibly successful for Himor; we doubled the size of the business through organic growth in a very challenging environment. By consolidating the group structure and incorporating Carrington the company has significant growth potential. Going forward we are looking to expand our land promotion business across the UK and also add property to our investment portfolio. We are delighted to have agreed the new facility with the Royal Bank of Scotland with whom we have a long-standing relationship.”

 

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