Squires House Properties has acquired a portfolio of residential properties which has been in the same family ownership since construction. The portfolio is let on a mixture of assured shorthold tenancies and long standing, secure tenancies subject to regulation under the Fair Rents Act. The purchasing company is an award winning housing development company which provides private rented homes across the North of England. Backed by private equity funding, the proposed regenerative scheme is most impressive and will be undertaken over a period of 5-10 years with the objective of continuing the high-quality accommodation associated with purchasing company, making their homes a popular choice among renters seeking safe and attractive environments in which to live.
TESTIMONIAL FROM SELLER:
“Over the past 15 years, I managed a rented estate of over 400 properties with the help of a dedicated property management company. The shareholders examined the next steps for the development of the property portfolio and decided that selling the estate to a single buyer represented the best way forward for both tenants and shareholders. Mark had been in contact with me a number of times prior to the decision to sell being made and a meeting was arranged. He was interested in brokering a deal and made contact with a number of potential buyers. His choice met the shareholders brief exactly. He was clear in his communications and helped to ensure the deal was completed in a straight forward manner.” Anonymous