With some of the most attractive residential projects in the UK and Spain, Oxford-based GRE assets is recording exceptional results against a backdrop of economic and political uncertainty, as Brexit continues to depress the British real estate market and Spain recovers from years of recession.
For example, GRE Assets’ Brighton Marina scheme, a £96 million residential development in the much-sought-after seafront area of Brighton, was completed in the summer of 2016 just as Brexit was announced.
Investors in this superb development, within easy reach of London and close to Gatwick International Airport, have already seen increases in excess of 17 per cent on the value of their properties, with a healthy resale market.
The same is true of GRE Assets’ £72 million Ashford Riverside Park development, in one of the fastest-growing towns in England. Ashford is on the High-Speed rail link from London to Paris; the town has a thriving business community, a large student population and millions of pounds in regeneration investment in prospect. Plans are in place for a new airport in the coming years.
In London, where residential property values have softened or fallen in recent months, as buyers remain cautious given the lack of visibility on the government’s future direction, GRE Assets’ projects include Stratford Apartments. This landmark scheme adjacent to Stratford rail station and Europe’s largest shopping mall Westfield Stratford City, offers some of the highest-specification living in the city, including a private winter garden and residents-only terrace with panoramic views across the capital.
“Investors in GRE Assets have benefitted from our foresight in choosing development locations which defy economic cycles,” said Michael El-Kassir, GRE Assets Managing Director. “The level of resales and the uplift that our investors have achieved testifies to the success of our approach.”
GRE Assets has strong links with Saudi Arabia and a well-established base of investors who enjoy the advice and privileged access they receive to some of the prime residential investment opportunities in the UK and Spain.