August 30, 2019 @ 12:02 by Alison Cowie
Morpeth-based, Admired Properties, has cemented its standing as one of the fastest-emerging, independent property specialists in the UK, after brokering combined sales totaling £50 million on projects in Newcastle, Manchester and Birmingham.
The company brokered the sale of 75 properties at Hadrian’s Tower, Newcastle, generating over £19m in total for the development.
Sales by the company at Middlewood Plaza, a luxury development located in the heart of the £1bn regeneration scheme at Middlewood Locks, Manchester, total £16m for 78 properties. The company has generated a further £15m in sales for 74 properties at Westminster Works, Birmingham, a luxury complex which is currently being developed and is on the edge of the second city’s Southern Gateway £1bn regeneration zone.
Managing director, Gary Powell, has worked both in the UK and Asia markets for over 20 years before establishing Admired Properties in 2014.
He said: “The figures speak for themselves. We continue to go from strength-to-strength and have already achieved so much in a short period of time. We are a tight-knit, agile team, led by myself and son, Connor, and this gives us a real edge.
“At a time when people are worried about the impact Brexit will have on the economy, I can say with great confidence that property investment in the UK is continuing to boom. It gives me huge pleasure that it is not just cities in the South that are flourishing but also the North East which is going from strength-to-strength. It truly is an exciting time for investment in the UK, the economy remains steady, providing great confidence for global investors who see the UK as a stable, low-risk, high reward opportunity.
“The next step for the business, whilst continuing to broker deals for investors, is to develop our own portfolio of properties. We are not far off at all from this becoming a reality and it will be a huge and exciting undertaking for the company.”