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London-based investor-developer Bentry Capital has revealed a three-year plan to deliver 1,000 new homes in Liverpool, Salford and London, as part of a £500m construction programme.
The company also aims to secure up to 1,000 units over the next three years across the capital and in key regional university cities, including Liverpool, Birmingham, Sheffield, Leeds and Manchester, specifically in regeneration areas offering large brownfield sites.
Bentry Capital has incorporated Liverpool-based Mellior Group as its in-house national main contractor, giving it extensive scope in the north of England.
The London investor-developer has 1,200 units and four main schemes, with further sites in the pipeline – two commercial to residential conversions in London’s Islington and Hammersmith, and two newbuild schemes in the north, one in Liverpool city centre and one in Salford.
In Liverpool’s Islington Quarter, Abbey Row is an £87m newbuild scheme of 365 apartments with a premium specification and Soho House-inspired amenities alongside integrated retail and landscaped communal outdoor spaces.
The scheme will deliver a sophisticated lifestyle as the city’s appeal continues to grow, with Liverpool being England’s top performing city for property value growth this year, according to the Land Registry.
CGI of Willow Court, Salford
In Salford, Willow Court is a £29m newbuild scheme of 119 apartments, of which more than 70% are successfully sold with the final phase of homes due to be released shortly with prices from £260,000.
It offers a range of contemporary studio, one-, two-bedroom apartments and three-bedroom duplexes, with premium finishes and onsite parking.
Located near the River Irwell, the scheme is within walking distance of the University of Salford and Salford Crescent Station, with Salford shopping centre and other amenities on its doorstep.
There is short term let approval and yields reaching up to 14%, giving investors a high return flexible asset in a sought after area.
Bentry Capital has two London schemes in Islington, Angel Village, valued at £80m, and in Hammersmith, Charlotte Terrace, a £27m transformation of a Georgian terrace into 36 apartments.
It say that by targeting commercial to residential opportunities in well connected London locations, Bentry Capital can deliver design-led homes without including costly amenities or excessive service charges that burden competing newbuild developments.
David Ronson, national sales and marketing director at Bentry Capital, said: “Too often in London, developers over-extend amenities at their schemes and burden the buyers with exorbitant service charges that become a huge barrier to the lifestyle they were promised.
“Equally, where some northern cities have seen huge jumps in buyer demand for newbuild homes, too many developers over-promise with glitzy CGIs and then fail to see a project through.
“At Bentry Capital we have a dynamic, experienced team to deliver new homes that appeal to both owner-occupiers and investors at a very competitive price point and we look forward to adding to this portfolio with strategic acquisitions over the next three years.”
Amarveer Singh Pannu, co-founder and director of Bentry Capital said: “Our Bentry Capital portfolio has been steadily developing in recent years, and we are delighted to be involved in several developments across the capital and the north of England.
“Our growth strategy focuses on increasing our assets in key London zones, and across select regional cities, and we invite anyone with potential sites to contact our team for consideration.”
Jazz Singh Gill, co-founder and director of Bentry Capital said: “We have several exciting main sites we are focusing on, with the nearing completion of Willow Court in Salford set to be a milestone for us in the region.
“Although our portfolio is diverse in delivering both commercial to residential conversions and newbuild projects, the end product always embodies Bentry Capital’s focus on attractive, design-led homes offering affordable entry price points for owner occupiers and very high yield returns for investors.”
David Cain, co-founder and chief development officer of Bentry Capital said: “When markets are challenging, too often developers are unable to deliver the products they have promised, losing both investor and public faith in their brand.
“With Mellior Group incorporated as the in-house construction arm, Bentry Capital is successfully delivering schemes across London and the north of England.
“Especially in Liverpool and Salford, areas seeing huge demand and supply imbalances, high quality newbuild homes are very sought after.”
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