ESP Income Portfolio Service adds new residential development
Stellar Asset Management has undertaken a joint venture partnership with Heyford Homes, which is part of the Cannock Group of companies, to fund the acquisition of land for the development of 19 residential units.
The site is in the village of Hankelow some 10 miles to the south west of Crewe in Cheshire. Hankelow is a predominantly residential village and is within travelling distance to Manchester and Crewe.
The site will be cleared and construction will start late Summer with expected completion by April 2019.
The new development is held in the ESP Income Portfolio Service and is expected to generate returns of 4.5% p.a. for investors.
Stellar was advised by Nabarro LLP.