Residential Land Company News Section
Residential Land has put a £40m development in Chelsea on the market and revealed plans to spend £500m in prime central London this year.
Knight Frank and Savills have been appointed to find buyers for Peony Court, a gated development of seven townhouses and 12 apartments covering 18,065 sq ft, which are fully let with an annual rental value of £1.34m.
The £40m asking price reflects a yield of 3.35%.
The scheme also contains a 1,136 sq ft retail unit, let to the Little Black Gallery, which is owned by celebrity Tamara Beckwith.
Planning permission has been granted for an 840 sq ft penthouse apartment at the site on Park Walk, which runs between Fulham Road and King’s Road.
Bruce Ritchie, chief executive of Residential Land, said: “Prime central London has an undeniable elegance and with the pound deflated against the dollar, Peony Court offers a profitable and unique investment opportunity.
“We invested £500m in central London residential in 2016 and we are looking to spend a similar amount this year, predominantly in new-build stock.”
Read the article here on the Property Week website.
Residential Land is proud to be attending MIPIM again this year in Cannes, France from 14-17 March 2017. Join us aboard motor yacht SHANE, to speak with our acquisitions team about residential opportunities in prime central London.
To organise a meeting with the acquisitions team, please contact them directly on:
Emma Whitby-Smith, Head of Investments
+44 (0) 7930 347 490 | email@example.com
Paul Sennett, Senior Consultant
+44 (0) 7903 984 875 | firstname.lastname@example.org
Vanessa Vaara, Sales Consultant
+44 (0) 7930 307 708 | email@example.com
Or to organise a 1:1 meeting with Bruce, please contact:
+44 (0) 7500 213 954 | firstname.lastname@example.org
Where to find us at MIPIM: (Please note that from 9am-7pm MIPIM passes are required. After which, there is open entry to this area.)
Residential Land will be sponsoring the panel: ‘How is London responding to the immediate challenges posed by Brexit?’ on Tuesday 14 March 2017, 15:15 – 16:00 in the Market Trends room (Palais 3). The speakers will include:
Pipe Jules, Deputy Mayor, Planning, Regeneration and Skills, Greater London Authority
Gibson Miles, Head of UK Research, CBRE
Jurdak Tomas, Managing Director UK, HB Reavis
Be sure not to miss out.
What is MIPIM?
MIPIM is the world’s leading property market, bringing together the most influential players from all international property sectors – office, residential, retail, healthcare, sport, logistics and industrial, offering unrivalled access to the greatest number of development projects and sources of capital worldwide.
In today’s Autumn Statement (23.11.2016), the chancellor, Philip Hammond has announced that lettings administration fees are to be banned ‘as soon as possible’.
At Residential Land, we pride ourselves on being a responsible landlord, therefore have taken it upon ourselves to act immediately on this and have cancelled all our administration fees ‘as of today’ (23.11.2016).
Please be assured, this won’t affect any of our services to anyone looking to rent and/or our tenants. We take our responsibilities as a landlord very seriously. We employ an in-house team of lettings agents, building surveyors, property managers and maintenance experts. With a 24-hour helpline and on-site staff to answer questions during office hours, we are confident that renting a property from Residential Land will be an enjoyable and stress free experience.
Residential Land prides itself on being London’s largest private landlord and therefore has a vested interest in its buildings. This is just one of the reasons why we were voted Landlord of the Year.
We have properties all over central London in locations such as Mayfair, Chelsea, Kensington, Paddington, Victoria, Hammersmith, St Johns Wood and Marylebone.
As London’s largest private landlord, we are at the forefront of changing perceptions of the private rental market. In order to bring tenants first-class, professionally managed properties to rent in Central London, we continually look for new opportunities to acquire property and sell assets with the property industry’s most influential figureheads.
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Residential land once again headed back to the RESI Conference in Celtic Manor this week as Platinum Sponsors for the ninth year running! The theme for RESI 2016 is ‘housing the next generation’ – a challenge that’s been thrown into sharp relief by the EU Referendum in June.
On Tuesday 13th September, Bruce Ritchie, CEO of Residential Land spoke on a panel titled ‘The London Conundrum’ alongside Tony Pidgley CBE, Chairman, Berkeley Group; Robert Evans, Director, Argent; Mark Lebihan, COO, Hadley Property Group and it was chaired by Mark Easton, BBC Home Editor.
Other Key speakers at the event included, former Chancellor Lord Nigel Lawson, housing minister Gavin Barwell MP and London deputy mayor for housing James Murray who revealed how the government plans to deliver on its housing targets in these uncertain times.
After the Gala Dinner, Residential Land sponsored and hosted RESI FEST, an after dinner party which included beer, cocktails and entertainment into the small hours of Wednesday morning. The entertainment included several tribute bands including Elton John, The Beatles, Queen, Abba and Madness. The party was a huge success and was one of the main talking points of the event.
Bruce Ritchie, CEO of Residential Land joined a panel discussion set up by The Georgetown University City Alliance and hosted at the Goldman Sachs’ Fleet Street offices in London. There were over 200 attendees consisting of Georgetown University students and private guests.
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On 28th April around 140 property professionals arrived at Residential Land’s Head Quarters in Mayfair for the RESI Awards 2016 shortlist party. This was attended by all of the finalists at this years event.
It was an fantastic evening, with the weather being kind, with much to celebrate for the residential property market.
Residential Land is proud to be headline sponsors once again for the RESI Awards and are also presenting the award for ‘Deal of the Year’ on Wednesday 11th May at the Grosvenor House Hotel on Park Lane.
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