ARQ Group has entered into a joint venture with Hyde Park Residential, a London based specialist property advisory firm, to establish Trafalgar Real Estate Developments Limited. This new UK registered company aims to introduce both local and international investors to development opportunities in the London real estate sector.
Targeted development sites will be in and around Central London within the Greater London commuter belt, therefore having excellent road and rail connections. This focus is driven by the lack of supply of more affordable housing in Central London or that is within a reasonable commute to Central London. Demand is driven by a combination of first-time buyers as well as persons working within the Greater London area.
Hyde Park Residential is one of London’s leading, independent property advisory and acquisition firms. This year the company was included in the PrimeResi directory of 50 best buying agencies in Britain. Founder and CEO, Nicholas Portelli talking about the shared vision for Trafalgar, said: “With a clear understanding of each client’s specifications and our in-depth knowledge and experience in this market, we are able to match them with property development opportunities with the aim of generating above average returns in the medium term”.
Despite ongoing uncertainty around Brexit, there are a number of general market conditions prevailing in the UK that are attracting investors – low unemployment, a low interest rate environment and a weaker pound. This coupled with the fact that there is an undersupply of affordable property in central and outer London that is fuelling demand. “In the past 20 years the number of jobs in London has grown by 40%, the number of people by 25%, but the number of homes by 15%. Partnering with an established developer, our initial focus will be on projects that cater for the first-time buyer market. This segment includes potential buyers who are working in London and who are eligible for mortgages and government help-to-buy schemes” concludes Nicholas Portelli.
Nicholas approached ARQ Group, a multi-disciplinary professional services organisation based in Malta servicing a number of local as well as international clients, with a view to expanding his idea to develop a focused property consultancy firm with local and international reach.
With a clear, solutions driven focus, ARQ puts professionals and experts from diverse disciplines together to define opportunities and provide solutions for their clients making it a perfect fit with Nicholas’s vision for Trafalgar Real Estate, a spokesperson for ARQ said.
Christian Farrugia, director of ARQ Group in Malta had the following comments to make: “We immediately saw the good fit that exists between Hyde Park Residential and ARQ and the opportunity that this venture creates. We are confident that by working together with Nicholas and his team we can bring to bear our related, yet diverse expertise and connect clients with investment opportunities within the London Real Estate market”. David Borg also a director at ARQ Group added “With Nick’s experience in the London property market and our multi-disciplinary approach we are confident that we can effectively carve out a niche business for Trafalgar and introduce resilient investment opportunities to our clients.”
For further information or to make contact with the team, kindly visit the Trafalgar website on www.trafalgarrealestate.co.uk