HJ Collection expands portfolio with acquisition of £9.8m GDV site in Weybridge

Nationwide property developer, HJ Collection, has expanded its portfolio with the acquisition of a 19,655 sq ft commercial site in Weybridge, Surrey, for £3.5m.

HJ Collection now boasts strategic plans to leverage permitted development rights to transform the space into 26 residential dwellings, comprising of five studios, 14 one-bedroom apartments and seven two-bedroom apartments.

With development already underway, HJ Collection have forecast a total build cost of £4.3m, which – once complete - will culminate in an impressive GDV of £9.8m. 

Reece Mennie, founder and CEO at HJ Collection, commented: “Over the past five years, the HJ Collection team and I have worked incredibly hard to source, acquire and transform previously unloved commercial sites into high quality residential dwellings in towns and cities across the UK — providing modern and affordable apartments for both rent and sale, while helping to ease the housing crisis. 

“Although our first acquisition in Surrey, we plan for the Weybridge site to be the first of many throughout the county and are already excited about the progress made in the short few weeks since we completed the acquisition.”

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