Cadman Capital Group, a privately-owned, independent private equity firm, has acquired a 3.87-acre residential development site in the East Midlands, as it continues to expand its real estate portfolio.
The site, which is situated in the hamlet of Knaptoft on an area of historic importance, is surrounded by the open Leicestershire countryside. Purchased for a 7-figure sum, the location offers a small-scale residential development opportunity with scope for 13 individual homes of varying sizes.
Whilst much of the site is cleared for the build, it is also home to the Grade ll Listed remains of Knaptoft Hall, along with some heritage farm buildings, which will be sympathetically retained to form part of the new dwellings.
Commenting on the acquisition, Asha Winterflood-Rivers, Property Director at the Capital Group said: “In line with our strategy focused on expansion through the purchase of residential development opportunities in strong, rural locations, this acquisition offers great potential, particularly as demand for out-of-city homes in the UK continues to grow at a rapid rate.
“Following the impact of the COVID-19 lockdowns, we have seen a drastic consumer shift towards residing in more rural locations, which is why we want to provide high quality, energy-efficient homes,
link source - East Midlands Business Link - Property