Hunters has launched a dedicated Residential Development Investment (RDI) division to service its growing number of investor and developer clientele in the land and new homes space.
With offices in Manchester and London the new RDI division, trading as Hunters Land & New Homes, will focus on delivering high-quality investment stock in London, Manchester and other select regional markets to Hunter’s expanding client base. Services for developers include land sourcing and acquisitions; consultancy; and the management of sales and marketing campaigns in both the UK and international market, spanning Africa, the Middle East and Asia.
Appetite for Manchester stock amongst property investors has soared in the last few years with the northern powerhouse presenting better yields than those in the capital in 2015 (according to research published by HSBC). London property remains very much a trophy asset however, and so the division’s London office will focus on procuring select prime central locations and key hotspots across the city and its commuter belt - such as those that will benefit from the new Crossrail line, operational from 2018.
Mike McManus, Director of Hunters Land & New Homes Manchester office said: “Our team is equipped to offer developers nationwide a complete and comprehensive service including consultancy, innovate marketing and branding, on-site and overseas sales and of course, access to our national database of clients through Hunters’ 160 branches throughout the UK”.
“It is a hugely exciting time for the Hunters brand and a natural move. It’s well documented that Manchester and its suburbs are a market on the up as are the regional markets of Liverpool, Leeds, Sheffield and Birmingham, each offering excellent growth potential and value for investors. We’re here to help purchasers to navigate these markets and build great country-wide investment portfolios. And, with the network of Hunters agencies we offer a complete in-house service including lettings, property management and resales”.
Glynis Frew, Managing Director of Hunters Property Plc said “We are delighted to announce our expansion in this fast growing and crucial sector of the market. Investment into residential property development is essential and the new team is very well placed to service the market. They have ample experience and will work closely with our network of independently owned branches throughout the UK who in return bring genuine local expertise and knowledge as well as a database of clients”.
Giles Leadbetter, Director of Hunters Land & New Homes, London added: “We’re an agency that primarily focuses on investment property. Our instructions concentrate on stock that offers good capital growth potential with strong rental incomes. Right now in London, we’re seeing a flight to Zones 3, 4 and 5 of the capital amongst purchasers. These areas are presenting real medium to long-term growth, in contrast with the overheated prime central market.
“As a business we’ll be concentrating on these secondary, outlying areas and also the cities of Manchester and Liverpool where we see excellent value and growth potential, driven by increasing foreign investment from the Middle East and Asia, which in turn is driving prices upwards and transforming the urban landscape of these Northern powerhouses.”
Hunters Land & New Homes stock-list currently includes instructions on Manchester’s Blackfriars Road, Liverpool city centre and in London; Walthamstow, Romford, Canning Town and Edgware.