Development Profit: £465,000
The North East corner of London has been the scene of possibly the most impressive and rapid regional redevelopments witnessed in any city worldwide. It is now the epicentre of the UK’s digital sector and home to the new generation of online innovators and entrepreneurs.
We obtained this site in 2011 with full planning permission already in place. However, following a comprehensive study of the plans it was clear that the floor plates should be reconfigured in order to add greater appeal to end users, thereby making the sale quicker following refurb.
The building was bought for (what is now a modest) £990,000. A further £628,000 construction costs created a multi-use asset featuring commercial retail space, office space and two floors of prime residential apartments, including two penthouses with balconies and expansive roof terraces with commanding views over London.
The site was our first venture in East London but the profit whilst not huge in monetary terms – just under £500,000 certainly was by way of percentage returned.
Raise Details for
|Total Cost||1.8 million|
|Senior Debt||1.2 million|
|Equity Capital Raise||£600,000|
I first invested in Riverside Place after a long time of looking for opportunities in the London property market. It has been a very valuable relationship, with me being redeemed in full from my investment last month. I have particularly liked the fact that I was informed of progress onsite throughout my investment term. I feel that Accumulate has a good eye for a deal and so I didn’t hesitate to reinvest in their Cheyne Walk project in Chelsea. I have full confidence that my money is in good hands with Accumulate Capital.
As an investor, I’m all about the return. Did my DD on Store House and was satisfied they would complete on time and to the promised standard. Happy and now a regular investor having seen returns on average of 14.5%
The Spitalfield project was something close to my heart as I was brought up in the area. Having known Jamie for many years I knew my investment would be safe. So it proved and a healthy return of 15% was realised upon completion
Working with Store House London has been a great and profitable experience. The Margate project was presented by Jamie and it was a very easy decision to invest. I invested £125,000 and enjoyed a return of 15% per annum.
I have complete confidence that Accumulate sources locations for development that display clear future growth potential. With my personal experience of debt or equity investments, I always insist on being absolutely sure that the numbers stack up before committing my capital and Accumulate has shown consistently that this is the case with all their development projects. Accumulate operates with complete transparency and I am able to easily monitor my investments with them by logging on to my personal account via their portal. From here I can book site tours or view on-site videos so that I really feel I am fully engaged with my investments at all times. I am a very satisfied investor.
Very professional company. I admit to being sceptical at first but have now invested in two Store House projects. £85,000 invested with a 12.5% ROI