Buy-to-let specialist for the private investor market Knight Knox has launched its 70th development just a few weeks reporting a turnover of £15.5 million, £2 million more than last year. It also now employs 65 staff and is expecting to hire more soon.
Knights Knox works with developments in the north of England including Manchester, Leeds, Sheffield and Liverpool and has been one of the companies to help drive the ‘northern powerhouse’ property market revival in recent years, particularly in Manchester.
It is in this city that urban re-development arrived first and is where the new-build market has expanded fastest, helped in part by Asian investor interest. Knight Knox recently took its seminars-based marketing machine to Hong Kong, for example.
The latest offering by the Manchester based company bolsters its Yorkshire portfolio with the launch of Palatine Gardens, a premium residential development in Sheffield.
The £5.4 million scheme, on Roscoe Road, transforms a former industrial site in the city centre, providing 54 new apartments, studios and duplex penthouses.
Construction at Palatine Gardens is due to begin in early 2017 with completion expected in Q2 of 2018. The apartments, designed by Coda Studios, are available to buy-to-let investors for purchase now.
The development will be let and managed by Intus Lettings, while Crossbow Ventures Ltd will act as the developer.