Pervaiz Naviede Family Trust acquires £4.55m Yorkshire property portfolio

A global property development trust has acquired 86 properties across Yorkshire, in a bid to broaden its portfolio of residential properties across the region.

The acquisition, facilitated by Brookhouse Investments and real estate consultancy, Connells, has seen the sale of a residential portfolio valued at approximately £4.55m to the Pervaiz Naviede Family Trust (the Trust).

The deal comprises the purchase of 21 apartments on Westbury Street in Elland, 19 apartments on Halifax Road in Hipperholme, 20 apartments at North Baileygate in Pontefract, 22 apartments on Halfpenny Lane in Pontefract and three apartments and one house at Staincliffe in Dewsbury.

The properties have been purchased under leasehold tenure, featuring a mixture of two-storey and multi-storey developments.

Rudi Falla, spokesman for the Trust, said: “Our aim is to secure healthy property investment opportunities that will create high rental yields for the foreseeable future. The purchases made in Yorkshire are particularly promising for the Trust and will go to serve heightened tenant demand for first-rate properties across the region.

“Each property complements our ever-growing repertoire of attractive residential units and we continue to seek similar opportunities nationwide.”

Gateleys provided legal representation on behalf of the Trust.

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