Member Article

Seven-Acre Commercial Site in Staines Acquired to Develop 270 Residential Dwellings

A seven-acre commercial site located in Staines Upon Thames will be transformed into 270 residential dwellings, following the acquisition of the land by investment group, Vector Capital Group AG, and property development firms, Stonegate Homes Ltd and JFH Homes Ltd.

Positioned on the river Thames within the M25 corridor, the 6.89acre site comprises 74,021 sqft GIA of existing office accommodation, complete with a decked car park for approximately 150 cars and a man-made lake.

With an expected GDV of £100 million following the build-out process, the site will offer both social and private housing and will be finished to the high standard consistent with both Stonegate Homes and JFH Homes developments.

Sezer Sherif, Founder and CEO of Vector Capital Group AG explained: “Vector Capital Group AG is built by an unrivalled team of professionals with extensive experience in both financial and real estate markets. Our track record results from our ability to diversify our investment portfolio and to continue to deliver competitive returns to our clients even during economically challenging times, like COVID-19.

The Staines commercial site showcases this ability to diversify, whilst presenting an incredibly exciting opportunity to fund the development of 270 new homes in an enviable location. This whole project has been led by the strength and highly regarded reputations of both Stonegate Homes and JFH Homes, whom we are delighted to work in partnership with.“

The attractive proposition and potential to develop-out a vast estate has resulted in early discussions with interested investment parties, providing the opportunity for Vector Capital Group AG to plan its exit and re-risk.

With completion on the site acquisition confirmed, Vector Capital Group AG, Stonegate Homes and JFH Homes, owned by ex-Chelsea FC player Jimmy Floyd Hasselbaink, plan to release additional information on the site in the coming weeks.

This was posted in Bdaily's Members' News section by Tom Ford .