11th February 2008
Imagine Homes Builds Prime London Portfolio with Acquisition of West London Apartments
Imagine Homes the UK's buy-to-let specialist, is pleased to announce the acquisition of six apartments in South Kensington.
Purchased from D' Alton Rey, Collingham Place is situated in prime central London. Within a converted Georgian town house, the spacious 1 and 2 bedroom apartments are priced from £625,000 and are ready for immediate occupancy.
Grant Bovey, Chief Executive of Imagine Homes comments: "Our acquisition strategy has always been to purchase a range of properties throughout the UK that will appeal to different levels of investor. With the predicted growth in prime central London, Imagine Homes plan to acquire additional new build properties and conversions in this market."
"Collingham Place apartments are an important addition to our portfolio, and we are delighted to offer property investors an investment opportunity in such a prime location. We are confident that the central London market will continue to provide investors with an excellent return on investment."
With further backing from a major financial institution, the Imagine Homes Group strategy is to acquire in excess of £1.2 billion worth of residential stock by the end of 2010, allowing the company to purchase quality properties, in sought-after locations throughout the UK. Imagine Homes alleviate the hassle of property investment for their clients, but also aim to remove the risk of the sales process for developers.
Through its expertise, Imagine Homes source quality new build opportunities in excellent locations throughout the UK with strong capital growth and rental prospects. Imagine Homes also find the tenant, manage the property and guarantee the customer a unique rental return of 7.5% of the purchase price per year for two years.
To speak to Imagine Homes’ acquisitions team about your development, please call 0808 180 0463.