Cadman Capital Group acquires three-acre site for residential development
Cadman Capital Group, a privately owned, independent private equity firm specialising in real estate, has acquired a 3.87-acre residential development site, located in the Midlands.
The site, which is situated in the hamlet of Knaptoft on an area of historic importance, is surrounded by the open Leicestershire countryside and 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: “This acquisition provides a fantastic opportunity, allowing us to transform a stunning countryside site into an amazing cluster of rural homes. Following the impact of the COVID-19 lockdowns, we have seen a huge increase in demand for out-of-city homes, as consumers shift towards residing in more rural locations. We want to provide high quality, energy-efficient homes, with a focus on well thought-out designs and that means homes with space to live well; no shoebox rooms or postage stamp gardens.”
This acquisition is the first outside of Northamptonshire to fall under the ownership of the Cadman Capital Group’s real estate arm, as the business looks to further expand the geographical footprint of its property portfolio. The purchase comes after the business completed on a similar development project in the Northamptonshire village of Cogenhoe in early 2020, with all homes on the development now sold.
Due to the long running but recently accelerating structural changes in the commercial property market, the Cadman Capital Group Real Estate portfolio has shifted its focus to residential property in recent years, as the residential sector has proven to be defensive and resilient. With a continued focus on its expansion strategy, the business will continue to identify real estate opportunities within the UK, predominantly in the heart of England, in strong rural locations but with great road and rail routes to London and other major UK cities.