Developer targets commercial to resi conversion sites – Construction Enquirer

Developer targets commercial to resi conversion sites – Construction Enquirer

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Investor-developer Bentry Capital has unveiled details of its £500m portfolio of new homes across the UK with plans to secure up to 1,000 units over the next three years across the capital and in key regional university cities.

The developer works with its own in-house contractor Mellior Group targeting commercial to residential conversions.
Bentry is currently working on two sites in London’s Islington and Hammersmith, and two newbuild schemes in the north in Liverpool and Salford.
It is actively looking to acquire sites to deliver design-led homes for both owner-occupiers and investors seeking high yields in London and key university cities.
By targeting commercial to residential opportunities Bentry said it can deliver homes without including costly amenities or excessive service charges that often burden competing new build developments.
David Ronson, National Sales & Marketing Director at Bentry Capital said: “Too often in London, developers overextend amenities at their schemes and burden the buyers with exorbitant service charges that become a huge barrier to the lifestyle they were promised.
“Equally, where some northern cities have seen huge jumps in buyer demand for newbuild homes, too many developers overpromise with glitzy CGIs and then fail to see a project through.
“At Bentry Capital we have a dynamic, experienced team to deliver new homes that appeal to both owner-occupiers and investors at a very competitive price point and we look forward to adding to this portfolio with strategic acquisitions over the next three years.”
Amarveer Singh Pannu, Co-Founder and Director of Bentry Capital added: “Our growth strategy focuses on increasing our assets in key London zones, and across select regional cities, and we invite anyone with potential sites to contact our team for consideration.”
David Cain, Co-Founder and Chief Development Officer of Bentry Capital said: “When markets are challenging, too often developers are unable to deliver the products they have promised, losing both investor and public faith in their brand.
“With Mellior Group incorporated as the in-house construction arm, Bentry Capital is successfully delivering schemes across London and the north of England. Especially in Liverpool and Salford, areas seeing huge demand and supply imbalances, high quality newbuild homes are very sought-after.”
Written by Grant Prior
4 months ago

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