HJ Collection unveils mid-year success with £20+ million returned to their client investors
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HJ Collection, established in 2019 by seasoned property investment and development expert Reece Mennie, has marked a significant milestone in its journey with a mid-year business report showcasing remarkable achievements. The company has effectively utilised Permitted Development Rights to convert underutilised commercial sites into desirable and affordable residential properties. The latest report reveals that HJ Collection has returned over £20+ million to its client investors, a testament to its growing success and robust business model.
Since its inception, HJ Collection has made substantial strides in the property development sector. The HJ Collection team has acquired over 13 sites in tier 2 and 3 towns and cities across the UK, demonstrating a strategic focus on areas ripe for transformation. To date, the team has been involved in the creation of more than 650+ residential units, with a Gross Development Value (GDV) exceeding £80 million. One of its recent projects includes the acquisition of a substantial 20,000 SQFT commercial site in Weybridge, Surrey. This site is set to be redeveloped into 26 residential dwellings, featuring a mix of studio apartments, one-bedroom apartments, and two-bedroom apartments. HJ Collection's mid-year report reveals that it has returned a total of £20+ million to its client investors of over 1,600 High Net Worth Individuals (HNWIs) and sophisticated investors. With its sights set on expanding its pipeline GDV to £100 million by the end of 2024, HJ Collection continues to solidify its position as a dynamic and successful player in the property development industry.
