Property developer hits £50m target in first year of trading
By Regency Residential • April 12, 2018 •
[vc_row][vc_column][vc_column_text]Property developer and consultancy firm Regency Residential has delivered over £50m worth of projects in its first year.
The firm is part of the MCR Property Group and is already looking to develop 1.5 million square feet of property in the coming 12 months.
Managing director Chris Taylor said: “Our first annual figures are testament to the leading position we’ve quickly established for the business only 12 months since we launched.
“Backed by MCR Property Group, and with a highly experienced team behind us, we’ve been able to identify development opportunities that can deliver high yields for investors nationwide, as well as high spec homes for buyers.”
A total of 290,000 sq. ft. has been developed by Regency Residential since it was founded last year, with 52 per cent sold to residential buyers and 48 per cent to investors.
By the end of 2018, the firm expects to have developed over 1,500,000 sq. ft.
Chris added: “We aim to build on our substantial growth throughout 2018, with targets to increase value to £450m and number of units sold to 2,500.”
Regency Residential has developments across the country including Fifteen the High Street, a contemporary boutique development of 32 apartments in Kings Heath in Birmingham; 12 high specification new homes at Harden Park in Alderley Edge; popular penthouse apartments at Grosvenor House, Norwich; and 99 centrally-located apartments at Queens House in Sheffield.
The company is also expanding its UK reach, with key developments launching in locations such as Edinburgh, Birmingham, Manchester, Swindon and High Wycombe in 2018.
Further growth is expected in 2019 with an additional 5,000 units to be developed across the UK.[/vc_column_text][/vc_column][/vc_row]