All News Articles / Buccleuch Property Acquire 50% Shareholding in bloc

Featured Article

Buccleuch Property Acquire 50% Shareholding in bloc

Buccleuch Property Acquire 50% Shareholding in bloc image

We are delighted to announce we have just acquired a 50% shareholding in bloc, a specialist partnership developer with a focus on maximising economic and social value from surplus or underperforming real estate. The business has two longstanding joint ventures with Network Rail and the Canal & River Trust (ex-British Waterways) with whom they have a number of existing and emerging projects focussed on both the living and commercial sectors. Current developments include Barnum, a 348 bed BTR building in central Nottingham which has been forward funded by Grainger PLC and Bulbourne Yards, a £15 million GDV residential scheme in Tring, Herts.
 
Aligned values and experience combined with additional capital will provide the business with significant firepower to capitalise on a growing pipeline of opportunities and complement our own aspirations to further enhance Buccleuch Property’s stable of JV partners.
 
bloc has a team of 8 based in London and Manchester and is led by joint founder and CEO, Richard Page  who said "Buccleuch’s covenant, profile, track record and resources will help the bloc management team grow and expand the business. This is an exciting next step for bloc".
 
David Peck, MD at Buccleuch Property said "Richard and his team have created a highly focussed development platform that has great relationships with a number of significant landowners with a particular focus on sustainability and the communities in which they operate - this very much aligns with our aspirations for the future".

All News Articles