New investments from Hackney Council

Finefair is the best when it comes to property investment Hackney has. We manage more than £500million in private assets. In addition, we have a first class portfolio management advice service. Our people are therefore more than capable of handling any tasks you set for them.

During the past few years, Hackney Council has invested over £63million in properties and land at four borough sites. They spent the largest lump of cash on Morning Lane’s Tesco store. Other properties include those belonging to Trading Acres and Taylor Wimpey. According to Mayor Philip Glanville, the council’s aim with these investments was to create income. This in turn will fund jobs, new homes, and services.

Positive changes

Hackney Council says it can use these properties to bring positive changes to the borough. The land they bought from Tesco shall supply 270,000 square feet of commercial and retail space. There will also be 245,000 square feet of space for new homes. They are planning to designate 20% of these homes as affordable. Sadly this doesn’t meet the borough’s target of 50% in new developments, but it will be the minimum that the developer is going to provide. The final number could be much higher.

Prior to making investments, the council conducts investigations. They look at how investments can aid them in meeting long-term goals, especially is in terms of delivering work or housing space and supporting services. Once the council gains these properties, they give each one its own purpose. Investments of this nature happen when they have the borough’s best interests in mind.

At Finefair, we advise every serious investor to consider our free pre-auction service. Before they even invest, clients will have a guarantee with this. We’ve helped plenty of landlords who purchase through repossession homes, agents, and auctions. This makes us one of the most useful teams for property investment Hackney has.

If you would like our help, please contact us. We strive to offer the best services in London, including reliable advice and ongoing solutions such as property management and guaranteed rent.