Rugby Estates Plc was formed in 1990 by David Tye, Andrew Wilson and Stephen Jones, who had previously worked together as a successful management team at Rugby Securities Limited, part of the Hillsdown Holdings Group. Shares in Rugby Estates were first listed on the London Stock Exchange in April 1994.
Rugby Estates' core competency lies in the identification and realisation of latent value in property situations. Once values have been maximised the company's policy is to realise profits through disposals and to recycle the resources released into new opportunities. In December 2008, the Group announced its intention to dispose of its directly-owned portfolio and focus on growing its asset management business under the Rugby Asset Management Limited Brand. Rugby's asset management skills are recognised by a significant number of major financial and institutional investors and current and recent joint venture partners include ING Real Estate, Bank of Scotland, Merrill Lynch, UBS Capital and Liverpool Victoria. Through such joint ventures Rugby can lead and manage very large property portfolio transactions while limiting its balance sheet exposure and generating fee income to enhance shareholder returns.