Aria Apartments,

Leicester

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Leicester

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An off plan residential purchase in Leicester city centre.

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Delph exchanged contracts on the off plan purchase of a block of 93 apartments in Leicester city centre from Convoy Investments. Construction began on the apartment block in January 2016 which comprises 19 studios, 25 one-bedroom units and 49 two-bedroom apartments.

Delph was approached by the builder in 2015 – a deal was quickly agreed and contracts exchanged in late December. By selling to one buyer, Convoy improved their cash flow, encouraged its bank to lend, and provided serious savings in interest payments and all sales and marketing costs allowing them to move quickly on to their next project.

Along with a straightforward exit strategy, Delph worked with Convoy to produce a specification that met market requirements and helped the builder to maximise its profit margins.

Development Name:
Aria Apartments

Location:
Leicester

Tenure:
Freehold

Number of Units Purchased:
93

Vendor:
Builder

The nature of the deal with Delph has been great for us as it simplified the whole development process leaving us time to concentrate fully on the construction of the apartments. I’ve found the team very amenable and we have worked well together agreeing the specification and dealing with the legal process through to exchange of contracts.

- Kerry Beattie | Director, Convoy Investments

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