Property investment company has announced that it will expand operations to Manchester.
RWinvest, which specialises in buy-to-let investments on prominent residential developments, has delivered over 拢1bn into the market since launching in 2004.
The investment business currently operates from offices in London and Liverpool but will open a new site at MediaCity海角视频 in Salford Quays next month, to support increased work with its development partners, including North West developer Legacie Developments, in Manchester.
RWinvest said 20 jobs will be created at the new base while the company, together with development partners, will invest 拢250m in the city, creating 200 full-time construction jobs over the next five years.
Julian Ramsden, director at RWinvest, said: 鈥淲e are incredibly excited to be expanding and increasing RWinvest鈥檚 presence in Greater Manchester. Our new base at MediaCity海角视频 will see the creation of a significant number of new jobs over the next five years and will help us to attract millions in investment for a variety of forthcoming developments, such as Merchant鈥檚 Wharf which we just launched in Salford Quays. Our investment is great news for Greater Manchester and comes after one of our busiest trading periods to date.鈥
Sascha Hamm, co-director at RWinvest, added: 鈥淩Winvest is always thinking about the long-term. Our developments will not only provide long-term employment opportunities throughout Greater Manchester but will also deliver long-term investments to our clients who can capitalise for years to come on their property purchase.
"The Manchester market is performing really well right now. We鈥檙e seeing high rental yields and a 17.1% increase in house prices predicted over the next 5 years, so it鈥檚 a great time to be opening our new office and increasing our presence in the city.鈥
Lewis Francis, who will be managing RWinvest鈥檚 new Manchester office, added: 鈥淭he population in Manchester is going to double in the next five years, so new housing and apartments are in high demand throughout the area.
"Our new developments in Manchester will provide luxury accommodation for young professionals and families, and the new Manchester office at MediaCity海角视频 will be a great base for meeting investors and showing them around our exciting new properties.鈥
