Residential Land Press and Media Section

Finding the Balance

Balance Magazine

The word ‘balance’ is thrown around constantly when talking about lifestyle. Can it really be possible to find equilibrium between balanced diet, relationships, work and play? We are told to find the happy medium, which isn’t easy when it feels like you’re walking on a tightrope to get through your day.

Balance is a new magazine which targets the busy Londoner, where that balance can seem like an especially distant goal in the face of the hustle and bustle of city life. In fact, the magazine is distributed free of charge in all major Underground stations, offering a break from the frenzy that can be getting on the Victoria line from Green Park.

The magazines ethos can be condensed into a simple formula. Their content aims to be engaging and relevant to this formula, enhancing their readers’ awareness of the balanced life:


At Residential Land, we say what’s more important to living well than where you’re living?

Finding your dream residence in the middle of the metropolis may seem like a daunting task, but we aim to make it as simple as possible, regardless of whether you’re a lifelong Londoner or if it’s your first time in the city – soon you’ll have a place to call home. We’re a landlord, rather than an agency, so there are no agency fees to help you find the perfect place in our golden postcodes, with addresses like Mayfair, Chelsea and Kensington to name but a few.

Residential Land aims to provide a constant service; it doesn’t end with you getting your keys. You’ll also have access to our dedicated maintenance service, which runs 24 hours a day, 7 days a week, and you are always able to contact us. All of our properties have dedicated building managers, an approachable and knowledgeable figure, happy to offer advice throughout your tenancy. Whilst you are expected to maintain the property to a liveable standard, this also gives you the control over ensuring your home runs just how you want it to. If there are any bigger problems, we’ll be on hand. That’s balance.

As London’s largest private landlord, we have over 1,200 flats and houses to rent, starting from £350 a week. We operate exclusively in zones 1, 2 and 3, so you can enjoy really living in the capital. As well as being centrally placed, all our properties are specially furnished by our in-house design team, so you don’t have to worry about sourcing everything from your wardrobes to your wine-fridges. We’ve got it covered.

So, we’d like to think we’re the people to come to if you’re looking for a way to find balance between work and play in London. In the whirring machine that is this dynamic city, in-between your job, friends, family, hobbies, even your dog, Residential Land aims to be your solid core. We’ll give you the steady base, so you can find your balance and live well.

Pick up your September copy today!

Property Week – Ritchie: ‘It’s a good time to sell non-core assets’

Residential Land is one of the top stories in this weeks Property Week, with the article about the sale of three west London properties.


Residential Land has sold three west London properties for a combined £161m as it looks to raise capital for new value-add acquisitions.

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Residential Land comment in Property Weeks article ‘Will resi run out of rocket fuel?’

Bruce Ritchie, CEO and founder of Residential Land comments in Property Week on the topic of ‘Will resi run out of rocket fuel?’

property week - Residential Land

“This will be a pivotal year as higher property taxes begin to impact the market. When George Osborne decided to hike stamp duty land tax on residential property in December 2014, he would not have guessed the national stamp duty take would fall. But that is what has happened, and a subsequent rise to up to 15% on buy-to-let investments will only cool the market further.

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Property Week feature 39 Hill Street, Mayfair

Residential Land are delighted to be featured in Property Week regarding the acquisition of 39 Hill Street in Mayfair. You can read the full article below:

property week - Residential Land

“Prime London Ventures Partnership, a joint venture between Canadian investor Ivanhoe Cambridge and Residential Land, acquired 39 Hill Street in Mayfair for £100m. The rare residential block was sold by HSP and five individual vendors in a deal that Residential Land founder Bruce Ritchie had been pursuing for 10 years. According to the company, the idea is to refurbish the block and turn it into the “Claridges of Mayfair residential”.

39 Hill Street Property Week

Residential Land acquire 39 Hill Street in Mayfair


Residential Land is proud to announce that it has completed on a new building in the heart of Mayfair, 39 Hill Street. Bruce Ritchie, CEO and Founder of Residential Land comments in the Estates Gazette below:

By Alex Peace | Residential | 11-12-2015 | 7:00

Residential Land091

Ritchie: “The rarity of the building and the opportunity justifies the expense.”

Residential Land has paid £100m for a prime residential rental block in the heart of ­Mayfair, W1.

The company’s Prime London Ventures Partnership, a subsidiary of its joint venture with Ivanhoè Cambridge, has bought 39 Hill Street, an unbroken freehold building comprising 65 one- and two-bedroom flats.

Residential Land estimates the block has the potential to provide a rent roll of as much as £6m after it has been refurbished.

Chief executive Bruce Ritchie said he had been eyeing a deal to buy the site for 10 years and he intends to transform the block into “the  Claridge’s of residential in Mayfair”.

Most of the flats were sold by HSP, with five other flats in the development owned by individual vendors.

Smaller rental units, particularly in an unbroken block, are rare in prime central London.

Ritchie said: “The departure for us is that we have paid £3,000 per sq ft for it and that is more than our self-imposed limit, but the rarity of the building and the opportunity justifies the expense.”

Built in 1935, the 40,000 sq ft building originally comprised 94 studio flats. There is also a restaurant on the ground floor with a 4,000 sq ft garden.

39 Hill street 330699 Ext3_RGB_800px

39 Hill street 330699 Ext2_RGB_800px

Residential Land expects to spend the next two to three years refurbishing the building.

Residential Land and Ivanhoè have completed more
than £400m in acquisitions since announcing the creation of a new £650m fund in February.

The partnership now has a portfolio of more than 900 central London homes with a combined value of £1.3bn.





Find all the available apartments in  39 Hill Street, Mayfair, London here >> 

Stamp duty rises are having unforeseen effects on the lower end of the residential market

Bruce Ritchie, CEO and Founder of Residential Land, talks to Property Week and CITY A.M about the impact of a Stamp Duty on the Residential market.

property week - Residential Land






In recent years we have had the perfect storm of tax changes in residential…

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Residential Land features in ‘London’s most luxurious rental homes’

Residential Land is featured in the Evening Standard’s, Homes & Property article, ‘London’s most luxurious rental homes’. Out of the 23 properties, you can find Residential Land’s properties in the first 3 slides.

London's most luxurious rental homes

London’s most luxurious rental homes

London’s most luxurious rental homes >>

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Residential Land complete on Hamlet Gardens

Residential Land is pleased to announce the purchase of Hamlet Gardens in Hammersmith, west London. This red brick Victorian Mansion block consists of 122 luxury flats and is set at 95,000 sq ft.

Hamlet Gardens flats to rent Residential Land

For further information, please read the below article that was covered in Property Week:

property week - Residential Land





Residential Land primed to buy luxury flats in London
By Hannah Brenton

Hamlet Gardens, Hammersmith, London
The residential investor has agreed to buy the 95,000 sq ft Hamlet Gardens development from Swedish investor Akelius for around £95m.

The purchase amount reflects a price of around £1,000/sq ft across the scheme near Ravenscourt Park.

The private rented sector specialist has been on an acquisition spree since securing further backing from Canadian pension fund giant Ivanhoé Cambridge for a fifth Residential Land fund in February.

The new £650m fund is focused on a broader area of prime central London, and its upper price point for investment has increased from £1,500/sq ft to £1,650/sq ft.

In June, it snapped up Chase New Homes’ residential scheme at Palace Wharf in Fulham at £1,250/sq ft – in a deal worth approximately £37m – as well as a luxury 60-flat scheme at 4b Merchant Square, Paddington, for £60m from Native Land and Malaysian investor Amcorp.

Akelius has renovated the majority of the properties at Hamlet Gardens since purchasing them from an arm of the Royal Bank of Scotland for more than £40m in 2013.

Three final phases are still being renovated but these have been forward-purchased by Residential Land and are included in the purchase price.

Similar flats in the area have recently sold for as much as £800,000.

“We believe that there will be growth in the area around Ravenscourt Park and are pleased to have invested another £100m in the prime central London market,” said Ritchie. 

Fighting talk ahead as property heavyweights prepare to square up

Residential Land have been mentioned in the Evening Standard ahead of the Props Breakfast in October hosted at the Dorchester, London. This year Bruce Ritchie CEO of Residential Land & Michael Slade CEO of Helical Bar will partake in a live Commercial vs Residential debate hosted by Emma Crosby.

Michael Slade has for a number of years run one of the most successful public property companies whilst Bruce Ritchie runs one of prime Central London’s largest residential landlords who are making a significant impact in the sector. With London and residential being hot topics in real estate at the moment

Props breakfast 2015

For the article, please read below:


Fighting talk ahead as property heavyweights prepare to square up

The first rule of Fight Club is, you do not tweet about Fight Club — that’s how it goes, right?

Well obviously someone’s been breaking the rules, as Spy spots #FightClub creating waves on Twitter. Was it Ed Norton and Brad Pitt bemoaning the demise of the Fail Whale?

Alas not. It was property types getting excited about a Props charity debate between Mike Slade of Helical Bar and Bruce Ritchie of Residential Land, slated for the Dorchester in October. The pair will thrash it out in a commercial real estate v residential debate, a third speaker — Robert Paulson — is as yet unconfirmed.

Bruce Ritchie talks to Estates Gazette on the hot topic of price per sq ft in London

Bruce Ritchie, CEO of Residential Land, talks to Alex Peace at Estates Gazette on the findings from their London Residential Research team, showing that price per sq ft in London has been driven through the £1000 per sq ft mark, not only in Prime Central London areas but the fringe areas surrounding it as well.

Bruce Ritchie explains: “Prime Central London has not resolved its supply problems and is not creating enough new product. Too much demand from both domestic and international, for what it is we have, both for sale and being built and that is pushing prices in the upwards direction.”

To listen to more, click the play button on the podcast below:

Bruce Ritchie talks to Estates Gazette

Click here to read the full article >>