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Acorn Property Group
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About Acorn

Acorn Property Group is an independent award-winning medium-sized housebuilder with a proven track record of residential-led property development throughout the South of England and Wales. With over 25 years of experience, our team of dedicated and experienced professionals have completed large-scale, complex developments and consistently delivered value using a blend of experience, imagination, rigorous analysis, hands-on management and innovative design.

In the last two to three years, the Group has significantly expanded its activities in the South West, where Acorn’s regional teams are playing their part in reducing the housing shortage. We have secured planning permissions for numerous sites throughout the region, where every development we create is addressing a tangible need for high-quality housing in areas of low supply and strong demand.

About Acon

Romy Summerskill

Founder and Executive Chairman

Romy worked as an estate agent in central London for many years prior to forming Acorn in the early 1990s. Romy managed development projects, funding and sales at Acorn directly for many years until the team expanded. Romy is now Chairman of the Group and oversees development design, group management and expansion.

Melanie Omirou

Executive Group Managing Director and Funding Director

Melanie has been at Acorn for over 17 years having previously worked at Credit Suisse and, prior to that, in estate agency. She has been Group Managing Director at Acorn for five years, combining that role with the management and procurement of all funding for the Group. She also acts as the head of Acorn’s internal credit committee.

Robin Squire

Regional Managing Director for Bristol and Exeter

With 25 Years of residential development experience working in both technical and land buying functions, Robin has a very broad knowledge base of all aspects of the development process. He worked for architects and PLC house builders in Bristol before joining Acorn Blue in 2007 as Development Director. In 2012 Robin returned to Bristol to head up Acorn Bristol, where he has successfully grown the region.

RST Group Holdings Limited is the parent company of Acorn’s trading activities and guarantees your capital investment.
The Guarantor Chart
£18.8m
Net Asset Value
£41.2m
Fair Value Balance Sheet
£60m
Total Group Fair Value
£9.5m
Gross Profit 2018
A large part of our business is made up of strong and mutually beneficial partnerships. As regional experts and market leaders, we have an increasing number of sites developed in joint venture with landowners, public bodies, charities and banks, as well as a variety of introducers and private equity funders. This Bond issue will allow the Group not only to deliver homes on sites already purchased, but to acquire further sites and expand the business.
Acorn’s development funding model operates on a mix of senior bank debt, cash and private mezzanine from private individuals or small banks. The funds raised from our Bond offering will be used to further expand the Group’s development and joint venture activities across numerous purchased and future sites and reduce Acorn’s total blended interest cost on developments to maximise profitability.