Member Article

Property investment and development firm, HJ Collection, shortlisted for prestigious RESI Newcomer Award

A nationwide developer with a growing managed property bond portfolio has been selected as a finalist for the RESI Newcomer Award.

Headquartered in London, HJ Collection launched its first asset-backed property investment bond in 2019, and over the last two years has achieved an impressive gross development value [GDV] of over £20 million.

Its success in being shortlisted by the RESI Awards follows recent news that the firm has successfully repaid its initial investors in full, securing them above-average returns of 10-12 per cent.

Residential developments are a core concern for the company, which has rapidly acquired several dormant commercial buildings and converted them into affordable housing. This approach has resulted in the acquisition of 4 developments in the last 12 months, attracting further investment while helping to lessen the effects of the UK’s ongoing housing crisis.

The RESI Awards, organised by Property Week, are among the most prestigious accolades presented to organisations in the residential market. Receiving a record number of entries this year, the awarding body’s shortlisting process has seen unprecedented levels of competition.

Reece Mennie, CEO and Founder of HJ Collection, said: “This recognition of HJ Collection as a leading developer is a testament to our knowledge and expertise. We benefit from a team who have a great deal of experience in the property industry, and I strongly believe that this experience allows us to stand head and shoulders above other newcomers in our field – a belief borne out by our position as finalists for the RESI Newcomer Award.

Being shortlisted for such a distinguished award is especially gratifying given that, for the majority of our lifetime as an organisation, we have had to react to the obstacles raised by the ongoing pandemic, overcoming its disruptions to complete 2 developments in the last 12 months while securing additional investment for 3 further sites.“

HJ Collection’s unique property bonds allow investors to generate strong returns by lending capital to property development companies in exchange for a fixed rate of interest over a fixed period.

This was posted in Bdaily's Members' News section by John Stone .