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London & Devonshire Trust Limited

London & Devonshire Trust Limited is a private property company established in 1984 and specialising in commercial and industrial property development.  LDT has concentrated on expanding its commercial development activities throughout its core areas of Devon and the South West.

Alongside the commercial and industrial development arm, LDT independently operates a number of separate divisions.  These include; Devonshire Homes, an award winning residential house builder based in Tiverton; The Dragon Hotel, a premier 4 star hotel in Swansea and Trilogie CRE, a corporate real estate consultancy.

Track Record

LDT has an impressive record in property development, with a reputation for proactively managing development risk and continuing to successfully deliver projects through the recent economic downturn.  Projects have included:-

Tiverton Trade Park – In 2007 LDT created the 60,000sq ft Tiverton Trade Park, a refurbishment and remodelling of a site for occupiers Jewson, Howdens Joinery, Nuffield Hospitals and Floris. The whole project was completed within 12 months of acquisition.

Marsh Barton, Exeter – In 2008 LDT acquired a former Booker Cash and Carry unit, again of some 60,000sqft.  The unit was completely redesigned and reconstructed to deliver a new facility for Alliance Healthcare who were in occupation on budget within a rigorous timescale of 10 months.

No 1 Portbury – In 2009 LDT acquired No 1 Portbury, an 80,000 sqft high bay 20-year old building that required up-dating and improving to achieve a market–facing facility.  Occupier Samworth Brothers secured the lease subject to special fit-out requirements which were completed on budget against a strict timescale.

Mid Devon Business Park – A 15-acre business park close to J27 of the M5.  The park currently comprises two speculative phases of light industrial/business units.  Ethmar Court, totalling 24,500 sqft in 15 units, came on stream in 2008 and Highmount Court, comprising 13,700sq ft in 4 units, was completed in 2010.  (

Professional Team

Alongside the experienced in house team at LDT with Managing Director Daniel Stephenson and Development Manager Philip Kerr, we use the following professional consultants who we have engaged on previous projects and with whom we have a good relationship and understanding, all have prior knowledge of the site:-

Architect and Masterplan

  • Kensington Taylor
    Kensington Taylor is an Exeter based practice that has an extensive portfolio and a widespread workload ranging from educational buildings, hotels and airports, to industrial buildings, theatres and office blocks.


  • JLL
    An international multi-disciplinary commercial property consultancy. The regional office is in Exeter. The industrial agency function is headed by Tim Western.
  • Listers
    A Plymouth based commercial agency practice run by Ifan Rhys-Jones.

Construction Management

  • Trilogie CRE
    Trilogie Corporate Real Estate is a leading  and construction advisor to the industrial and business space sector working closely with professional consultants in the design, construction and cost control of development projects.
    Trilogie has delivered high quality commercial buildings to a pre-determined budget and programmed in conjunction with tenants, owner occupiers, institutions, property companies and private investors across the UK

Planning and Technical Consultant

    AECOM is advising us on planning issues relating to of the scheme.