Having secured the purchase of the property, a development manager was appointed to liaise with local planners and a professional team to successfully obtain planning permission and thereafter to redevelop the property into 15 luxurious boutique apartments.
Regular reporting on progress to the Directors, on site meetings at defined stages of work and careful oversight of the entire process, strategic decisions and financial budgets, ensured that the development came in on budget and importantly, on time in what is currently a very fast moving market.
The development was completed this year and a property agent was appointed to market and sell the properties. Such was the high standard and finish of the development, within 4 weeks of being put on the open market, all apartments were sold with a total value in excess of £8mn.
Managing Director, David Karran, commented "this development is another example of IQE Real Estate's expertise and depth of property experience in this sector underpinned by IQE's high standards of corporate governance and delivery of excellent administration, tax and accounting support services. The fact that we are now engaged on a number of similar developments is undoubtedly a sign of continued confidence in our abilities, knowledge and commitment to deliver on such projects".
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Having recently been involved in a matter in relation to which IQE were providing director services I was extremely impressed at the pragmatic and helpful attitude of both Amanda Steele and David Karran. The way they handled the matter was genuinely exemplary. All involved in the transaction were seriously impressed with the service IQE provided to its client. Gillian Christian, Keystone Law