UK residential development offers investors access to a proven tax-efficient asset class that is underpinned by a freehold or long leasehold. It is suitable for both private investors and business owners, providing a low risk asset which generates capital growth and offers tax efficiency.
We work together with specialists in this industry to source and acquire opportunities to develop land for residential use – enabling investors to benefit in the medium term, to complement the long-term assets within their portfolio.
Our strategy for residential development is to take advantage of the continued increase in house prices within the UK market – by acquiring the freehold on UK land, with full planning permission for residential development. These are typically small housing developments outside of London, where we work together with residential development specialists to source and acquire opportunities, and to develop the land for residential use. We aim for these developments to be completed and sold in around two years.
A residential development partnership acquires a freehold or long leasehold interest in each development site, with full title at the Land Registry.
Meet our Investment Managers
Andrew joined the Corporate Finance team at Peritus in March 2018 and is an ACIB qualified banker with over 20 years of experience in the property finance sector. Prior to joining Peritus, Andrew held senior positions with RBS and OneSavings Bank.
Andrew began his banking career at Barclays and then quickly moved to Hill Samuel Bank where he decided to specialise in the real estate sector.
He then went on to work for a number of international banks involved in financing UK property including Handelsbanken, BACB, Erste Bank and IKB, where he was Head of Property Finance.
In 2007, Andrew joined the German mortgage bank DG HYP as General Manager, Head of the London Office to lead the bank’s expansion into the UK market. In 2012 he joined Montagu Evans as Head of Debt Advisory and worked with the agency teams to assist the firm’s clients with their debt requirements.
Andrew is also well known for his role as President of the Association of Property Lenders from 2008 to 2012. This professional organisation, with over 400 members, represents the interests of the commercial property lending industry in the UK.
Mike is the Managing Director at Cannock and has an extensive and varied background in the UK property development, investment and serviced occupation sectors as well as the UK energy market. He is skilled in all aspects of the development and financing process with particular focus on tax and private finance structures.
Chartered Surveyor and real estate professional graduated from Bristol Polytechnic (now University of the West of England).