Aitch group invest £70m across four London boroughs

In 2022, property developer Aitch Group spend £70m on land across four London boroughs including Brent, Waltham Forest, Greenwich and Southwark. This added a further £300m (GDV) to the Aitch Group development portfolio.

With immediate funds available, Aitch Group are now seeking more land for development in 2023 and onwards – specifically sites without planning permission with land values up to £30m predominantly in London and the South East.

Having adapted to the challenging market Aitch Group has diversified it’s portfolio of projects. The current pipeline of activity for the group, with the four new sites, now includes 2,000 resi units, 2,500 student beds, two Retirement living schemes and 130,000 sq ft of commercial space.

Aitch Group are continuing to seek new land and development opportunities and have immediate funds available. They are looking for sites without planning permission, up to land values of £30m.

The sites sought are predominately in London and the South East, however Aitch Group are also exploring regional cities such as Manchester and Bristol. In today’s difficult market conditions, land owners and their representatives want certainty in disposals and joint ventures, Aitch Group can tailor deals to suit and unlock difficult sites with their planning expertise.

Aitch Group has 30 year’s experience developing commercial and residential property across London. Founded in 1995 Aitch Group has earned a reputation as a leading London property developer delivering high-quality, design-led residential and mixed-uses schemes.

Stephen Hollyoak, group land director at Aitch Group says: “It’s a challenging time to be a property developer and navigate the effects of increasing build costs, rising interest rates and an ever worsening planning system.

“We are working harder than ever to find value in this market and this has driven an increasingly diverse portfolio of residential, student accommodation, retirement living, build to rent, commercial property and affordable housing partnerships.

“This versatility has generated some exciting opportunities for us to deliver projects which are more resilient in uncertain economic periods, such as student accommodation. We remain confident that underlying demand remains strong for both buyers and renters and that the current lack of delivery across the board will only further increase demand in the years ahead.

“We maintain a cautiously optimistic view in the short term but over the longer term this is an excellent time to buy land and add to our development pipeline”.

By Mark Adair – Correspondent, Bdaily

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