Unprecedented two-year growth with a deliverable pipeline of £2.9 billion GDV
Regency Residential, the sales arm of MCR Property Group, has unveiled its ambitious growth strategy for 2019 following a successful second year in business.
Since its inception in January 2017, the company has seen unprecedented growth delivering sales across schemes nationwide.
Driven by MCR Property Group’s strategic land acquisitions, which total £2.9 billion GDV, Regency Residential has more 14,000 homes in its immediate pipeline for 2019.
The company’s developments are located throughout the UK and will be targeted primarily for first-time buyers and end users, with Help to Buy available.
Several high-profile schemes are set to be launched by Regency Residential in 2019, including:
- The company’s £275million landmark New Monaco development in Birmingham, which will see the delivery of 1,009 new homes on a seven-acre site in the city centre
- A £65million, three-phase development, The Old Works in High Wycombe, bringing 275 new homes to the commuter town
- The £60million redevelopment of Manchester’s Hotspur Press, including the sympathetic restoration of the original buildings, the construction of 171 apartments in a 28-storey mixed-use tower and a new public realm
- Trafford Plaza, a £40million 174-unit residential scheme that will see the creation of one of Trafford’s first high-rise residential towers
Regency Residential also operates within the Build to Rent and Private Rented Sector markets under its soon to be launched property management division, Regency Living, which taps into the UK-wide demand for high quality, managed rental accommodation.
There are more than 270 units across a number of developments already lined up to benefit from the additional services offered by Regency Living.
To bolster its growth, the company recently appointed Christopher Pullan and Matthew Walsh as co-heads of marketing.
There will be a significant recruitment push at Regency Residential in 2019, with plans to add up to 70 new sales and marketing positions at its Manchester headquarters and in London.
Chris Taylor, managing director of Regency Residential, said: “In just two years, we have established our position as a leading player in the UK property market, achieving these truly impressive sales figures in the process.
“Our emphasis for 2019 is to build on the strong foundations laid by our talented team, while generating increased sales and attracting greater levels of national and overseas investment.
“Despite the spectre of Brexit, the UK remains a prime property hotspot, attracting major overseas investment. Our development pipeline in London and key locations nationwide, including Birmingham, Manchester and Edinburgh, presents unrivalled opportunities for investors on a global stage.”