MQ Freehold

MQ Freehold ltd is a for profit company set-up in 2004 to purchase the freehold of Millennium quay from Fairview who built the original development.

It is made up of approximately c147 apartment owners at MQ that joined together to buy the freehold. They make their money directly out of the c205 leaseholders from the original 352 apartment owners that did not join the group in 2004, through things like lease extensions & ground rents. The company is understood to have no other revenue streams.

We thought it would be interesting to see how the MQ Freeholder investment compares to investing in the most profitable company in the world, Apple. At the moment, the same amount of money invested in MQ Freehold Ltd would have out performed Apple (by a fair amount).

However, given its profitability, no income from the company has yet been distributed to the c147 share of freehold apartment owners.

The chair of MQ Freehold is Stephen Lang (also Chair of MQ A-G and director at MQ RA). Stephen Lang can be contacted via Randell & Rittner or at the Lodge at the Development.