Leading investor-developer Bentry Capital unveils details of their £500 million (GDV) portfolio of new residential homes across the UK, with main sites in London, Liverpool, and Salford, Greater Manchester, and plans to secure up to 1,000 units over the next three years across the capital and in key regional university cities.
With headquarters in London, Bentry Capital has expanded to incorporate Mellior Group as their in-house national main contractor, whose headquarters are in Liverpool, giving them extensive scope in the north of England.
Bentry Capital has 1200 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’s city centre and one in Salford, Greater Manchester.
Bentry Capital is actively looking to acquire sites to deliver design-led homes for both owner-occupiers and investors seeking high yields. In London, Bentry Capital is looking at Zone 1 and Zone 2 sites, priced between £1,000 to £2,000 per square foot, in well-connected, vibrant locations.
Nationwide, Bentry Capital is looking to key university cities, notably Liverpool, Birmingham, Sheffield, Leeds and Manchester, where demand is high for the successful delivery of high-quality newbuild homes, specifically in regeneration areas offering large brownfield sites.
In Islington, Angel Village is a £80 million (GDV) scheme set to deliver 130 apartments with a central landscaped courtyard garden and onsite amenities including concierge, gym, business suite and club room, with sales set to launch later this year. In Hammersmith, Charlotte Terrace is the £27 million (GDV) transformation of a Georgian terrace into 36 apartments behind the retained Grade II Listed façade, with the scheme currently going through planning approval.
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. Choosing high street locations, intensive placemaking is not necessary and instead efforts can be channelled into producing attractive apartments at very competitive prices.
In Liverpool’s Islington Quarter, Abbey Row is a £87 million (GDV) 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 (Land Registry).
In Salford, Greater Manchester, Bentry Capital’s Willow Court is a £29 million (GDV) newbuild scheme of 119 apartments, of which over 70% are successfully sold with the final phase of homes due to be released shortly with prices from £260,000. Willow Court 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.
David Ronson, National Sales & Marketing Director at Bentry Capital says: “Too often in London, developers overextend 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 overpromise 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 says: “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 says: “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 says: “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.”
Further information on the sales launches of Angel Village (Islington) and Abbey Row (Liverpool) will be released in due course. The final homes are available at Willow Court (Salford) and information can be found at www.bentry-capital.com. For further information, please contact [email protected] or call 0203 137 0683.
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