Fast-growing nationwide property developer, HJ Collection, has returned an impressive total of £20 million to its investors, as revealed by its mid-year business report.
Established in 2019 by property investment and development expert, Reece Mennie, HJ Collection successfully leverages Permitted Development Rights to transform unloved commercial sites into quality and affordable residential developments.
Since inception, the developer has acquired over 13 sites in tier 2 and 3 towns and cities across the UK, culminating in the development of 650+ residential units and a GDV in excess of £80 million.
This includes the recent acquisition of a 19,655 SQFT commercial site in Weybridge, Surrey, soon to be transformed into 26 residential dwellings, comprising of 5x studios, 14x one-bedroom apartments of 7x two-bedroom apartments.
Revealing its mid-year results to its network of over 1,600 High Net Worth [HNW] and sophisticated Investors, HJ Collection has confirmed it has returned a total of £20 million and is on track to scale its pipeline GDV to an impressive £100 million by the close of 2024.
Reece Mennie, Founder and CEO of HJ Collection confirmed: “The UK property sector has undergone significant challenges in recent years, with the aftermath of the COVID-19 pandemic and BREXIT, rising mortgage rates and the cost-of-living crisis just a few key examples.
To achieve this level of growth, return £20 million to our investors and establish HJ Collection as a leading, nationwide property developer is a real testament to the hard work, dedication and capability of our team and I couldn’t be prouder.
We are now working towards exceeding a GDV of £100 million on an annual basis and in ensuring the brand becomes synonymous with the provision of quality and affordable residential property in up-and-coming regions across the UK.”
Headquartered in Canary Wharf, London, HJ Collection is fast becoming a reputable property developer, underpinned by a growing team of property development experts.
Featured Photo by Gabrielle Henderson on Unsplash.