expertise
Founded as Western Heritable by Sir John Mactaggart Bt in Glasgow
Residential developments in Glasgow & London (Fulham, St John's Wood, Mayfair)
Growth of UK & US investment portfolio; commercial assets in London & New York
First hotel transaction, The Resident Kensington
Restructured; assets focussed in the UK, MF&P active solely in UK transactions
History
Western Heritable, the original Mactaggart family investment vehicle, was founded in 1896 by Sir John Mactaggart, Baronet of King’s Park Glasgow, Great Grandfather of the present Chairman.
Until the early 1970s, the principal activities of the company comprised the development and subsequent letting and management of residential units in Glasgow, together with the development of substantial residential blocks in Fulham, St John’s Wood and Mayfair in London.
From the mid-1970s to the mid-2020s, the company established an experienced, insightful team and created a substantial investment portfolio, both in the United Kingdom and the United States, including a significant number of commercial assets in London and New York.
Following a corporate restructuring, the majority of the balance sheet focus is now on the UK, with MF&P’s activity solely focused on UK development transactions.