The developer here had bought this scheme from the bank, refurbished it, and took the sensible decision not to flood the market with vacant units. Having tenanted a large batch of them Ferveo were appointed for the discrete disposal of 30 units. We advised the developer on pricing structures to maximise their return and achieved a very solid price for their tenanted holding on this impressive scheme.
Perhaps our most challenging project yet, Taurus House is a scheme of 12 apartments on the fringe of Bristol City Centre. Ferveo were approached to sell this scheme on for a London based fund, but it did not have signed off planning consent, buildings control or a warranty as it had been in receivership. We stepped in and fully remediated the development which will allow those who bought units there with us to be able to refinance or sell with confidence in the future.
When the open market arm of Churchill Retirement living were faced with a stock problem on their Holmes Park development in Fratton, Portsmouth they appointed Ferveo for a sensible and measured exit. 20 units were discreetly and efficiently placed with our investors at a level far more sensible than any bulk purchaser would have driven.
Ferveo were appointed to the sale of an entire development of seven apartments near to the centre of Lewisham in South East London. All units were placed and completed off market. We worked with the developer from start to finish to ensure that the specification was rent ready for our investors and that the scheme was delivered to everyone’s satisfaction
Ferveo were appointed to the sale of 18 tenanted apartments at The Hive, Masshouse, Birmingham by developers Nikal in Manchester. The transaction maximised the developer’s return for these units, and allowed them to retain the rent roll right until the point of completion.
Although this was only a small development of eight units in the centre of Leicester it posed one of the greatest challenges Ferveo has faced as the developer was under the Irish National Asset Management Agency (NAMA) control. We had to show compliance and diligence in achieving the best disposal resolution for NAMA and achieved the completion in a volatile environment.
Ferveo have always enjoyed a good relationship with the good folk of Manchester uber-developer Peel Holdings, and when they wanted to discretely dispose of 45 tenanted apartments in their flag ship building at Media City we were the logical choice. We were in and out of the scheme in a matter of weeks placing and completing all 45 units with the minimum of fuss and completely under the radar.