Property Development & Investment
Heatley Mere, Lymm, Cheshire
About Heatley Mere, Lymm, Cheshire
Nikal purchased 13 acres of residential development land in Lymm, Cheshire in 2003 under its 'surrogate investment program’. The program offers large residential developers, including PLC's, the opportunity of returning higher IRR's by taking the land asset off balance sheet.
In this case Countryside Properties were obligated to draw the land down from Nikal in line with an agreed development timetable, whilst Nikal carried the residual ownership of the land. In affect the residential developer pays for the land as and when it is drawn down, instead of paying for the whole site day one.
Countryside built over 200 homes on the site and is a successful example of private companies working in collaboration.
Contact
Manchester City Centre
Mynshulls House
14 Cateaton Street Manchester
M3 1SQ
Google Maps
Tel: +44 (0) 161 214 1800
Tel: +44 (0) 161 214 1818
Email: info@nikal.uk.com
Manchester South
20 Market Street
Altrincham
Cheshire
WA14 1PF
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Tel: +44 (0) 161 927 3100
Tel: +44 (0) 161 927 3101
Email: info@myburo.co.uk
Birmingham
Masshouse Developments
McLaren Building
35 Dale End
Birmingham
B4 7LN
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Poole
West Quay Road
Poole
Dorset
BH15 1HX
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