HJ Collection, one of the UK’s most ambitious property developers, continues its rapid expansion by acquiring a prime development site in the highly sought-after village of Cobham, Surrey.
Cobham, known for its scenic charm, vibrant community, and excellent connectivity, has become a magnet for those seeking a balance between tranquil living and urban convenience, with access to the latest modern amenities and excellent transport links.
Located on the bustling high street, the site has been acquired for £2.1 Million, with works already underway to transform the space into a multi-purpose site, with 2 commercial units on the ground floor and 13 residential units on the second and third floors.
Reimagining the site over a planned nine-month build, HJ Collection will deliver 6 studio and 7 one-bedroom apartments tailored for first-time buyers, commuters, and investors. Once completed, the development is projected to achieve an impressive gross development value (GDV) of £5.3 million.
This acquisition marks a milestone as HJ Collection’s 15th development project. They are now on track to exceed a GDV of £100 million by the end of 2024.
Reece Mennie, Founder and CEO of HJ Collection, confirmed:
“Cobham is a captivating village with natural beauty, history and community spirit, making it an ideal location for commuters, first-time homeowners and investors alike.
This latest acquisition not only represents our commitment to developing high-quality and affordable living spaces, but also demonstrates our strategic approach to sourcing high-value investment opportunities in prime locations across the UK. We now look forward to bringing this development to fruition and seeing the site evolve over the next 9 months, all while achieving our overarching objective to exceed a GDV of £100 million.”
This latest acquisition news comes at an exciting time for the business, with HJ Collection shortlisted as a finalist for ‘Property Developer of the Year’ at the prestigious NLIS awards.
Since their establishment in 2019, HJ Collection has refined their own innovative turnkey business model, whereby the entire acquisition and development process is managed in-house to maximise efficiency and value.
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