Credit: Bigas Marketing.
A nationwide property developer has announced plans to turn an office building in Maidenhead into flats, following its purchase of the site for £3.3million.
Vandervell House in Vanwall Business Park has been purchased by HJ Collection and is set to be transformed to create 31 new homes.
The development will comprise 22 one-bed, six two-bed and three three-bed apartments.
The project costs are estimated to be £3.5million, resulting in a predicted gross development value (GDV) of the site to be £10.75million on completion.
Reece Mennie, founder and CEO of HJ Collection, said: “This acquisition in Maidenhead is a prime example of what HJ Collection stands for – repurposing underutilised spaces into high-quality residential homes in tier 2 and 3 towns across the UK.
“Maidenhead’s ongoing regeneration, coupled with superb transport links, makes this a prime location for both residents and investors. I’m proud to add this site to our growing portfolio and look forward to seeing its transformation over the coming months.”
HJ Collection was established in 2019 its manages the acquisition and development processes in-house.
For more information, visit: https://www.hjcollection.co.uk
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