In 1988 the Welbeck Estate Group was relocated by amalgamating their two offices from Capital House, on the Hyde Park, Estate London, where the original companies were established in 1965 and their provincial office, at, One London End, Beaconsfield Buckinghamshire. The Group purchased their new headquarters, in Wells City Centre, being an early 19th Century building, having been the headquarters, of the Somerset and Wilts, Trustee, Savings Bank. In view of the dynamic growth of the Norwegian economy and it's involvement in Overseas investment, particularly in the United Kingdom, the business was relocated to Southern Norway in 2012, where it continues to expand with investments throughout the UK, Europe and the United States.
In the mid 1970's, First State Holdings Ltd was established acquiring such assets as:
Woodhurst - Woodhurst South
Maidenhead - Oulters Lock
Southbourne - Desborough House
Amersham Hill - High Wycombe
West End Court - Stoke Poges
De Montfort Court - Leicester
In all, the group acquired some 3000 residential units over the following 15 years.
In 1979, the group acquired its first 127 units, ex MOD site, at RAF Faldingworth, Lincolnshire and have just completed their 36th military site in Ballykelly, Northern Ireland.
In 1980, an office was established in Arlington, Virginia, USA and shortly afterwards, the 300 unit, mid rise, rental block: 'Robert Towers', was purchased from, Abe Pollin, the owner of the Washington Redskins. The block was renamed, The Cavendish and converted to a condominium.
The Cavendish, was directly opposite the Pentagon and shortly afterwards, the group acquired the 180 unit rental block: 'The Lancaster', adjacent to the Navy Annexe to the Pentagon, again for condominium conversion. On the overseas side a partnership was created for the sale of housing sites at Argyle Gardens, on the island of St Vincent, in the West Indies.
Over the years, the group have established aviation interests. In the late 1960's, Macedonian Aviation was formed, for both ad hoc charter and scheduled aviation routes at Southend airport. The fleet comprised, 5 DC3 Dakotas and a De Havilland Dove. At one time it operated the scheduled route between Aberdeen and the Shetland Islands with BEA. In more recent years the group established BBC Air ,which acquired the former Queens flight Dove G-HBBC, which it still operates. Until recently the company owned 4 Cessna flight training aircraft, which it leased to Compton Abbas, flying school.
The Welbeck Estate group, now continues to expand, particularly with our selected partners and continue to specialise in the purchase and development of residential estates, portfolios and blocks of flats.
90's: City of Wells, HQ
80's:, London, HQ
Current: Norway, HQ