Commercial property development continues apace in Ashford, attracting a wealth of investors from across the county and beyond.
With work already under way on several major retail, housing and office projects in Ashford, a Saudi-backed real estate investor has now signed a £45m deal to buy 267 flats in a new development in the heart of the town’s regeneration area.
GRE Assets will rent out the apartments once the project in Victoria Way – a 660-home scheme being developed by Canterbury-based Quinn Estates on the former Powergen site – is completed.
With the other apartments already sold to private rented sector investor Neighbour, the GRE Assets deal means all the homes have been snapped up before a single brick is laid.
Cllr Gerry Clarkson, leader of Ashford Borough Council, said: “We welcome the high levels of investment that have been coming into Ashford over a prolonged period.
"International businesses such as Handelsbanken and Eclypsia are based in International House, which is the focal point of our Commercial Quarter.
"Other names such as Hitachi, Natural Distribution and SBE, which employs over 1,000 people, show that investment from overseas is nothing new to us.
"Their interest confirms to us that Ashford continues to be an attractive opportunity and the UK’s international town.”
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