Aerial view of a UK multi-let warehouse estate
About — specialist by conviction

One thing, done with conviction

For over a decade we have done one thing, and done it with conviction: identify, acquire and actively manage the multi-let urban warehouses that British businesses depend on. A forensic approach to acquisition, and relentless hands-on asset management, is how we turn good buildings into growing income.

01Our story

From a single conviction to a complete cycle

Tilstone Partners was founded in 2010 by Andrew Bird and Simon Hope to focus on commercial property investment and development. In August 2013 the firm identified a specialist opportunity in the UK warehouse sector and created the Tilstone Property Portfolio — the seed portfolio for the September 2017 Warehouse REIT IPO.

Tilstone served as Investment Advisor to Warehouse REIT from its £150m AIM listing through promotion to the Main Market in 2022, and on to the company’s £489m acquisition by Blackstone in September 2025. From a standing start to an £805m portfolio and a clean exit — a complete cycle, executed.

We are now building our own identity, taking the same forensic discipline to a new generation of multi-let mandates and capital partnerships.

Tilstone Partners Limited is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).

Purpose

To provide well-connected, high-quality and sustainable warehouse space that occupiers need to succeed.

Founded2010
Warehouse focus2013
OfficesChester · London
VisionProvider of choice
Interior of a modern warehouse unit
02Our approach

Forensic on the way in. Relentless once we own it.

A forensic approach to property acquisition ensures compatibility with future occupier requirements. Dedicated, hands-on management then drives rental growth consistently ahead of prior passing rents.

01

Acquire with discipline

We target multi-let urban warehouses in the UK’s key industrial hubs — the North West, the Midlands and the Oxford–Cambridge Arc — underwriting every asset against the occupier of the future.

02

Manage hands-on

Every lease event is an opportunity to reset the rental tone. In-house asset management treats reversion, refurbishment and re-letting as a single, continuous programme.

03

Recycle capital

Once a business plan is delivered, we sell with discipline — £193.4m of disposals, all at or above book value — and redeploy into higher-returning multi-let opportunities.

04

Future-proof

We upgrade at lease events — targeting EPC B on refurbishment and BREEAM Very Good on new build — protecting income and value on a clear pathway to net zero.

Our objectives
+24–37%
Leasing ahead of prior rents
£193.4m
Recycled at/above book value
2030
Net zero · scope 1 & 2
03Values

Four values, lived daily

An entrepreneurial culture, the highest standards, and a responsible approach to doing business.

Engagement

A spirit of commitment, collaboration and communication across the team.

Excellence

Targeting the highest standards while fully considering the impact we have.

Empowerment

A culture of entrepreneurialism where individuals can make things happen.

Environment

A respectful, inclusive culture and a responsible approach to doing business.

04The team

The people behind the track record

Deep, hands-on expertise across investment, asset management, development, finance and operations.

Leadership
Andrew Bird
BSc Hons, MRICS
Co-Managing Director & Founder

Founded the Tilstone brand in 2010 and moved its focus to warehouses in 2013, assembling the seed portfolio. Takes overall responsibility for strategy, direction and performance. Formerly property director at Barlows plc and on the investment committee of Westbury plc.

Simon Hope
MBA, FRICS
Co-Managing Director & Co-Founder

Chairman and a founding investor since 2010. Senior Advisor at Savills UK and a member of the Savills Group and plc boards from 1999 to 2021.

Paul Makin
BSc Hons, MRICS
Investment Director & Co-Founder

Joined in 2013 on the original team creating the Tilstone Property Portfolio. Extensive investment experience at CBRE and Mapeley; led the UK Logistics Fund joint venture with SEGRO at Moorfield.

Peter Greenslade
BA Hons, FCA
Finance Director

Significant company management, control and corporate experience, especially in private equity. Former group FD of Robert Walters plc, which floated on the Main Market during his tenure.

Investment, asset management & development
Nick Clayton
MA, FCA
Head of Corporate Finance

18+ years in real estate investment, fund management and corporate finance; previously at BlackRock, MGPA and Astarte Capital. Leads financial structuring, capital raising and due diligence.

Scott Edgar
BSc Hons
Regional Director, North & Scotland

20 years in multi-let industrial and logistics asset management; founded 4Corners IAM. Oversees the North of England and Scotland and leads key value-enhancing development opportunities.

Gary Lees
BSc Hons, MRICS
Regional Director, London & South

Chartered surveyor with 20+ years in industrial & logistics; previously Asset Management Director at Antler, responsible for a 33-site portfolio. Started at King Sturge (now JLL).

Dan March
BSc Hons, MRICS
Head of Project Management

Chartered Building Surveyor responsible for new-build developments and all aspects of construction. Previously at Chancerygate across the full development process, from land due diligence to delivery.

Emily Fionda
MSc, MRICS
Asset Manager

Joined in 2025 with 10+ years’ real estate experience, including industrial estate management and the 280-acre Boots UK head-office campus. Chartered Surveyor since 2017.

Finance & operations
Adrian Daminato
CA (ANZ), BCom
Head of Financial Planning & Reporting

Chartered Accountant with 13+ years in accounting, reporting and financial control; previously at a NYSE-listed business and CLS Holdings (FTSE 250, £2bn+ portfolio).

Cornell Rosemond
ACCA
Management Accountant

ACCA-qualified with a property and retail background, including MAPP and Selfridges. Joined Tilstone in 2023.

Julie Deadman
MBA, FCIPD
Head of HR

MBA (Reading), FCIPD and NEBOSH Diploma. Leads people, culture and wellbeing across the firm; with Tilstone since 2017.

Caroline Stone
Operations
Operations Manager

16 years at Savills UK across Valuation, Plc and Central London Investment. Joined Tilstone in 2023.

Angela Gordon
Executive support
EA to Andrew Bird

A property-industry background and senior management support across the organisation since 2011.

Work with us

Let’s talk about a mandate

Institutional investors, capital partners, landowners and senior occupiers — we’d like to hear from you.

Partner with Tilstone See the track record