2021 has been a busy year for Spring Developments. Suitable acquisitions have been hard to find, the market has been racing and many opportunities we have reviewed have simply not stacked up. Despite this we have secured a number of excellent opportunities which have been acquired unconditionally with our fastest exchange of 2021 taking place in only 24 hours. We have also continued to grow our portfolio of subject to planning opportunities secured via option agreement. Working directly with property and land owners to explore otherwise unrealised planning potential in return for uplift in the current market value creates a win win for both parties. We have completed a handful of refurbishment projects and works started in October on our 6 flat conversion project in Sutton with another 3 flat project starting in the new year. Our last planning application of 2021 was submitted today and we anticipate submitting planning on at least 2 sites by the end of January and we will continue to actively seek out suitable opportunities during 2022.
Our search for property is constant we have immediate requirements for residential & commercial buildings suitable for conversion or redevelopment. We also actively acquire properties that require refurbishment many of which are derelict, have structural issues, or are being sold through probate. If you have a property or piece of land that you feel would be suitable for development we would be keen to have a conversation with you.
In the meantime the Spring Developments team are looking forward to a break with our families over the Christmas period and would like to take this opportunity to wish everyone reading this a very merry Christmas and best wishes & good health for 2022.
SPRING DEVELOPMENTS LTD
Company registration number 10379434
Registered address Hillside, Harrow Road West, Dorking, Surrey. RH4 3BA
T:01306 500 254 M:07974 379727
E:info@spring-developments.com
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