Aitch Group expands portfolio, pursues development opportunities amid challenging market conditions

Aitch Group expands portfolio, pursues development opportunities amid challenging market conditions

24/04/2023 by Aitch Group

London-based property developer Aitch Group expanded its portfolio by £300m (GDV) in 2022 through a £70m investment in land across Brent, Waltham Forest, Greenwich, and Southwark.


With immediate funds on hand, the group is now targeting more land for development from 2023 onwards, focusing primarily on London and the South East, with a preference for sites without planning permission and land values up to £30m.


Aitch Group has adapted to the challenging market by diversifying its project portfolio. Its current pipeline, including the four new sites, comprises 2,000 residential units, 2,500 student beds, two retirement living schemes, and 130,000 sq ft of commercial space.


The developer's current sites include a mixed-use Vertus + Novum in Shoreditch E2 and 313-349 Ilderton Road in Old Kent Opportunity Area SE15, which includes student accommodation.


Aitch Group's track record includes popular schemes such as Park Place in Finchley N3 (2021), Empress Works in Bethnal Green E2 (2021), and Bagel Factory in Hackney Wick E9 (2019).


The group continues to seek new land and development opportunities, with immediate funds available. While primarily focusing on London and the South East, Aitch Group is also exploring regional cities such as Manchester and Bristol. Amid challenging market conditions, the group aims to provide certainty in disposals and joint ventures, tailoring deals and leveraging its planning expertise to unlock complex sites.


With 30 years of experience, Aitch Group has established itself as a leading property developer in London, delivering high-quality, design-led residential and mixed-use schemes since its founding in 1995.


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”.  


For further information on Aitch Group contact Tel: 020 8504 4500 or visit: aitchgroup.com.


See Aitch Group's track record on Buildington (24 sites).

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