Salford-based property investment specialist Knight Knox has recorded £30 million in commercial sales since launching its bespoke commercial offering, which provides a unique sourcing service for high-net-worth individuals.
Since 2020, Knight Knox has completed 15 deals with an average value of £2m, further strengthening its overall offering. Previously, it focused on the traditional buy-to-let market.
Head of Commercial Tom Mason formed the department and specialises in selling off-market properties to investors worldwide, including those in care, retail, and freehold residential units. Deals typically comprise a minimum of 20 units and range from £2 million to £150 million, tailored towards prolific investors looking to grow their portfolios.
Commenting on reaching the £30 million milestone, Tom said: “The UK property market has proven itself to be a safe investment bet over the years, and institutional investors across the world are taking notice. House prices soared during the pandemic, which sparked interest from investors both overseas and on home soil.
“Since then, we’ve seen consistently high demand from wealthy individuals and family offices looking to capitalise on the UK’s low volatility and high potential. With the amount of choice on offer in terms of property types, the market allows investors to diversify their portfolios quickly and strategically.”
A significant recent deal includes the sale of Portsmouth House, a 177-year-old mill in Todmorden, Lancashire that has been converted into ten apartments and 12 homes specifically for the assisted living market. The scheme, developed as a dedicated dementia centre, will provide vulnerable adults within the community with a safe and supportive place to live.
Seeing the potential in the development, N1RL Properties, led by Mr Olufemi Babajide, who is based predominantly in the Africa region, purchased it in its entirety. He said: “It’s becoming increasingly important to make investments that not only make financial sense but also positively impact society. When Knight Knox presented me with this opportunity, I knew it was the perfect addition to my portfolio and one that would enable me to give back to the community.”
Tom concluded: “When making overseas investments, it can be difficult for investors to source opportunities in target markets and navigate the varying complexities between regions. We’re proud to support those making inward investment into the UK and look forward to another successful 12 months as we continue to scale our commercial offering.”
