Property developer and consultancy firm, Regency Residential, part of the MCR Property Group, has announced significant results as it celebrates its first year in business.
Since its inception in January 2017, the Manchester-based residential developer has delivered over £50m in completed and exchanged sales.
Chris Taylor, managing director at Regency Residential, 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% to investors. By the end of 2018, the firm expects to have developed over 1,500,000 sq. ft.
“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,” concluded Chris.
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.
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