Developer Montreaux is set to expand its portfolio this year, thanks to a further £50 million equity investment, which the firm will use to secure and deliver residential and commercial schemes.
Montreaux is an independent developer of residential and mixed-use schemes in the South East and has secured the investment to deploy into new acquisitions.
Founded in 2014, Montreaux is a fast-growing business that increased its turnover by 28% last year, to £45 million, and targets a further increase of 44% to £65 million in 2017/18. The company specialises in the procurement of unconditional land, driving the planning and development of each site and achieving exceptional return for investors.
David Burke, Chief Executive of Montreaux , comments: “The strength of our funding relationships and the calibre of our financial partners means that Montreaux has a substantial platform from which to secure and develop premium sites, ensuring maximum development potential. We pride ourselves on our ability to successfully add value to acquired assets through a combination of proactive asset management and development initiatives. We have the ability to identify and move swiftly on investment opportunities.
Montreaux has a diverse portfolio of residential, commercial, leisure, retail and mixed-use schemes throughout London and South East England. Looking to the future, they are seeking residential opportunities, mixed use and commercial schemes across retail, hotel and office sectors.
Montreaux residential developments are usually found in prime town centre locations across the South East, offering residents good access to amenities and travel links. They incorporate a strong focus on quality design and construction, as well as a high specification for the price point.
Montreaux is responsible for all aspects of the development and investment cycle, from land sourcing and acquisition, securing planning, design and build, through to sales and marketing and asset management.
David Burke continues: “To continue this trend of robust growth, we plan to invest further in our team and strengthen both the residential and commercial sides of the business. We expect our staff numbers to double over the next 12 months and we are actively seeking first class people to join our team.”