Log In

Subscribe

PrimeResi is the journal of luxury property; the leading news, insight & opinion resource for the UK’s prime residential sector.

Published online daily, and in print quarterly.

Required reading for: luxury developers, buying agents & property finders, high-end estate agents,real estate investors,  and anyone professionally involved in the luxury property sector.

Find out more about monthly, annual and corporate subscription packages here.
 

Search Tools

Search by Article Type

Search by Location

Search by Month


Search Everything

Translate

PrimeResi Directory

Who to know; who to recommend; who to call...
A directory of the prime movers at the top of the property market.

Featured Listings

Showing 1 - 7 of 439 results

Visit the main Directory page here

Appointments

The home of luxury property careers

Latest Opportunities

RSS ____________________________

  • Associate
    Chestertons is currently recruiting for an Associate (management) for its Notting Hill office. Full details and how to apply here
  • Recruitment Consultant
    Winkworth are looking to hire a Recruitment Consultant, to help set up their internal recruitment department. Full details and how to apply here
  • Lettings Director
    £40k to £80k Inc Benefits OTE We have been exclusively instructed by one of our clients to recruit a Lettings Director to run their successful lettings division. This is an exciting career opportunity with a very well established independent London estate agency that has a small but successful network of offices in West London. Full
  • Partner
    Knight Frank’s Residential Development Capital Markets team is looking to recruit a Partner to head up Build-to-Rent and Funding transactions. Full details and how to apply here
  • Valuer
    This leading estate agency group is currently looking to recruit an experienced Senior Sales Negotiator to work in its extremely successful and versatile Henley office as a Valuer. Full details and how to apply here
  • Sales Manager
    This well established, independent estate agency is looking to hire an experienced Sales Manager to join its very successful, dedicated team based near London Bridge. Full details and how to apply here
  • Lettings Negotiator
    Strutt & Parker is advertising for an experienced Lettings Negotiator to join its Chelsea office. Full details and how to apply here
  • Office Administrator/Property Assistant and PA to head of Sales
    Savills is looking to hire an Office Administrator/Property Assistant and PA to head of Sales. Full details and how to apply here
  • Sales Negotiator
    CBRE is recruiting for a Sales Negotiator to join the resi sales team based onsite at Queen’s Wharf. Full details and how to apply here
  • Director/Associate Director
    Chestertons is recruiting for a Director/Associate Director to manage and run its Kensington office. Full details and how to apply here

Free email newsletters

Please let us know which email address you would like newsletters to go to, and how often you would like to be kept updated.

* indicates required
Which newsletters would you like to receive?

Already signed-up? You can change your preferences by clicking the "Update your email newsletter preferences here" link at the bottom of the latest Bulletin or Briefing you received from PrimeResi.com. Or just put your email in again above and follow the links...

PrimeResi Quarterly Journal

The handbook of the luxury property industry

Click on the cover to find out more

PRQ8

Current issue: Winter 2016/7

Next issue: due for publication in April 2017

Exclusive Pictures: £18.8m show flat on Grosvenor Square goes crowdfunding

Fresh from raising £1m in just eight days to fund a renovation project on Eaton Square, new high-end property crowdfunding platform CapitalRise has gone even more up-market with its second investment...

Fresh from raising £1m in just eight days to fund a renovation project on Eaton Square, new high-end property crowdfunding platform CapitalRise has gone even more up-market with its second investment opportunity: raising another £1m for an apartment on Grosvenor Square in Mayfair, with an expected post-development value of £18.8m.

Rolling out with two projects in two of the best addresses in the world is a pretty strong statement of prime intent from the new prop-fin-tech venture, founded by Finchatton’s Alex Michelin and Andrew Dunn and former Wonga Group star Uma Rajah.

The first CapitalRise project – a Finchatton refurbishment of the ground- and lower-ground floor apartment on Eaton Square, with a post-development valuation of £8.15m – was deluged with investors looking to put in anything from just £1,000 to get a 10% annual return over 18 months. It sounds like demand was so high that many would-be investors missed the boat, so the team has fast-tracked the next project – which offers similar returns.

Uma Rajah & Alex Michelin - CapitalRise copyCapitalRise was founded by Finchatton’s Alex Michelin and Andrew Dunn, with Wonga’s Uma Rajah as CEO. Read PrimeResi’s exclusive interview with Michelin and Rajah announcing the launch of the new “institutional grade” real estate crowdfunding platform here.

CapitalRise Grosvenor Square view

This second investment opportunity is a third-floor 3,500 square foot lateral apartment on the good side of Grosvenor Square – which is in the midst of one of the capital’s most ambitious super-prime makeovers, with significant US diplomatic buildings being converted to high-end hotels and residences. It’s a little unusual – and theoretically has lower risk – in that the property, which was acquired back in 2013, has already been renovated by the developer, PSJL (a consortium – involving CapitalRise’s founders – which is also developing an £800m luxury residential development nearby in Mayfair).

Proposedchanges,GrosvenorSquare Gardens

The plan is to use the flat as a show apartment for the rather high profile scheme next door at No.20 Grosvenor Square; the resi reversion of the former US Navy building into 37 super-prime apartments – Four Seasons Residences, no less – is a Finchatton project that we’ll have more details on next year…

CapitalRise Grosvenor Square 4

CapitalRise’s £1m raise for the apartment at 18 Grosvenor Square is to fund a high spec refurb/upgrade of the building’s common parts and external facade (Finchatton has been appointed as interior designer) which “is expected to further increase the saleability of the apartment.”

PSJL – via its “Grosvenor Square Ltd” subsidiary – aims to keep the property until December 2017, when CapitalRise investors’ capital and interest will be paid out.

CapitalRise Grosvenor Square ext

18 Grosvenor Square is a similar structure to the first deal, offering an expected annual interest return of 10% before tax, paid at the end of the loan term, with the estimated term being 21 months. The minimum investment amount is just £1,000, with a total of £1,000,000 being raised as debt.

As with all deals on the platform, CapitalRise’s founders will be investing their own personal money into this project.

In Pictures

Images courtesy of CapitalRise

Illustration of proposed changes to Grosvenor Square Gardens courtesy of Qatari Diar / Wetherell

capitalrise.com

Sections
- News -CompaniesDeals & InstructionsDevelopersDevelopmentsEditors' ChoiceFinanceHeadlinesIn PicturesInteriorsInvestmentLondon PropertiesPrime Central LondonPropertiesProperties of the WeekRenovation
The Winter Journal
Media Partner
From the Archives
Follow PrimeResi
Featured Video

MORE STORIES

PrimeResi Cookies Policy

Our website uses cookies to improve your experience. By continuing to use this site, you are essentially agreeing to this. Please visit our Terms & Conditions page for more information about cookies and how we use them.