129 Unit Residential Block Acquired in Nottingham

Estate Office Advises on Acquisition of 129 Unit Residential Block for in Excess of £22M

On behalf of Hong Kong based clients, Estate Office has acquired an unbroken block of 129 flats in Nottingham – and all within 7 days of acceptance of our client's offer.

River Crescent, which is majority let on ASTs is a unique development located on the banks of the River Trent and benefits from a luxurious resident’s gym, swimming pool and conference suites and produced a rental income in the region of £1,400,000 per annum.

This acquisition adds to our client's already substantial portfolio in the UK which we are continuing to expand nationwide.

Chaim Aziz, Director at Estate Office, commented: “Our Hong Kong based clients are extremely pleased with their latest acquisition in Nottingham. We identified River Crescent as an ideal opportunity to add to our client's well established UK portfolio and were drawn to the both the quality of the development and its long term investment potential”.

Our thanks to the joint selling agents: William Shoebotham and James Wilson from Allsop as well as Piers de Winton and Michael Donaghy at Savills.

This is the latest acquisition we have concluded on behalf of our overseas investors and we continue to look for similar large scale residential blocks.
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