ONSIDE / PROPERTY Q&A
« We aim to maximise the returns to investors through well researched acquisitions of
properties at discounts to their underlying value. »
Q: What’s this doing to rents?
A: Private rents increased by 18% in Manchester in the 4 years
to 2012. Further, rents across the region are expected to rise
by a further 33% by 2020. The North West region currently
benefits from high gross yields (of up to 10%) and strong tenant
demand.
Q: Why does the investment strategy focus
particularly on the North West of England?
A: It’s an area where there is a shortage of supply as I explained
earlier. In addition we believe this is an area that will benefit
from regeneration and inward investment over the term of the
fund. This will act as a catalyst, encouraging capital appreciation
outperformance and thereby outperforming the wider UK
market over the life of the fund.
Q: What properties will Seneca be buying and
what will you do to increase value?
A: We aim to maximise the returns to investors through well
researched acquisitions of properties at discounts to their
underlying value. We will increase the value of the properties
acquired through extensive refurbishment, adding additional
rooms or converting properties from alternate uses where this
will deliver significant value uplift. We seek to reduce risks
through diversification of build type (existing housing stock
and new build), property type (family houses, one and two bed
apartments) and tenant profile.
Seneca are continually reviewing
investment opportunities in the property
sector. Should you have a project with
a funding requirement please contact
Steve Charnock.
Contact - Steve Charnock
[email protected]
01942 271 746
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