Beech Holdings delivers high quality, market-leading residential accommodation in prime locations. The new partnership will enable the business to expedite the delivery of over 1,000 apartments in its existing development portfolio, with a gross development value of around £250m.
The partnership will be the basis for the roll-out of a larger UK-wide strategy to provide the Beech product to a wider audience and the joint venture also includes Manchester Apartments, the award-winning property management and lettings arm of Beech Holdings.
The deal enables AIMS Investments to continue its long-term commitment to invest significantly in the UK real estate market.
The partnership between AIMS Investments and Beech Holdings instils confidence in the private rental sector and is a testament to the resilience of the UK property
market in the face of the COVID-19 pandemic. The property market has weathered the coronavirus storm well and this is due, in part, to the huge demand for a rental property in the UK’s key regional cities.
Stephen Beech, CEO of Beech Holdings
commented: “Since we first established our close working relationship with AIMS in 2019, there was a natural progression towards creating a true partnership. AIMS Investments’ institutional expertise is very much welcomed and intrinsic to our shared strategy of accelerating our growth across the UK. The partnership is a good indication of the strength of the UK property market and we look forward to continuing our mission together to provide professionals and students with a high standard of living across the UK.”
One of the high-profile assets included in the new partnership is Beech Holdings’ flagship development, Ancoats Gardens. This comprises of 155, 5-star premium apartments, roof gardens, a gym and shared social spaces. Ancoats Gardens is perfectly geared up for creating a community element that Beech Holdings feels will add value to a tenant’s living experience.
In addition to Ancoats Gardens near the city centre, phase two of Beech Holdings’ Chester Road development will now begin. Phase one of the project was completed in 2018, with the creation of Westpoint, Beech Holdings’ largest development to date. Set across 15 floors, Westpoint houses 317 apartments, a shared residents’ lounge and a gym. Due to Westpoint being in such high demand from tenants and close to full occupancy, phase two enables the creation of a further 600 apartments with the group’s
Urban Collective development close by.
In addition to the projects creating high-quality spaces for tenants to live, the work itself creates hundreds of jobs in the area for those working across the construction industry.
The deal between Beech Holdings and AIMS Investments is structured in a way for the partnership to move forward on a firm footing, well-placed to participate in
the expected strong residential growth across the UK.
The UK property investment market is one of the oldest and safest asset classes in the world. Despite the uncertainty caused by the coronavirus pandemic, the market continues to show resilience and strength in the face of prevailing conditions. Recent data from Savills revealed that property prices across the UK are predicted to rise 15.1% by 2024, with North West England leading the way with a forecasted 24.1% rise over the next five years. With a bright future ahead, the North West has shifted focus away from London, showing investors that they can find more reasonably priced property and better yields, not just in the North West, but across other key regional cities in the UK outside of the capital.