Boutique developer launches £60m land acquisition fund for London and Home Counties

A boutique property developer has announced a multi-million pound investment into land acquisitions across London and the Home Counties.

Aitch Group has unveiled plans to invest up to £60m in acquiring sites across the capital and surrounding counties for residential developments.

The new land fund will target the acquisition of sites in London and the Home Counties capable of accommodating between 50 to 250 new homes, working both alone as well as through joint venture partnerships.

The group plans to focus its future acquisitions on sites either without planning permission or sites with existing commercial or hotel planning consents, offering the potential for a change of use to residential, retirement, student accommodation or mixed use.

Stephen Hollyoak, land director at Aitch Group, commented: “As a business, 2021 has proven to be a very busy year for us so far having secured six new development sites and successfully built and sold out much of our current development stock ahead of programme.

“The property market has proven extremely resilient following the pandemic lockdowns and the first six months of this year has seen strong sales results as pent up demand has been released, especially with domestic buyers.

“We have set aside a further £60 million to grow our development pipeline across residential, student accommodation, retirement living and mixed use opportunities.”