The basis of Ecovista’s strategy for UK property is to search for development property which either has the potential to obtain planning permission which will enhance the value of the site or to purchase development sites that have existing planning permission and can be developed quickly.
The company focusses on property in London and the North Home Counties, particularly in Hertfordshire and Essex. Location plays a large role in the success of the company’s selected projects.
To view other announcements, visit our Announcements page
Subscribe to receive all our latest announcements: –
The board and management takes into consideration the following factors:
• Regional Property Trends
• Rental Demand
• Resale values
• Social Demographics
Short term goals may involve renovating the property for a quick sale, obtaining planning approvals to increase values and sell on or finding under-valued properties for immediate sale.
Long term goals look to both capital growth and return yields for income.
An example property was 100 Rye Street previously owned by Ecovista plc in Bishop’s Stortford, Hertfordshire. This property was in need of complete refurbishment having not been lived in for a number of years. Planning permission was granted and the building was demolished and a brand new luxury property built (see our previously owned portfolio for more information).
The Directors and management have extensive connections to both agents and developers. Working with local developers the company has the opportunity to develop sites which already have planning with an expected average return in the region of 20%.
Through the management’s extensive connections in this industry we have a constant thorough flow of potential investment opportunities, many of which are offered to the company before being disclosed to the wider market.