SOUTHPORT, England, Aug. 28, 2024 /PRNewswire/ — Seventy Ninth Group, a UK-based global asset management specialist, has launched a new Fixed Income Real Estate Bond to the professional private and institutional investment market.
Coined Seventy Ninth Luxury Living Six (LL6), the bond will raise £500m, and facilitate the acquisition, management and development of leisure and holiday park assets across the United Kingdom.
In 2023, 63 percent of people planned a summer staycation, up 50 percent on the previous year, demonstrating the continued appetite for holiday opportunities in the UK.
With more than 50 years of experience managing real estate assets, Seventy Ninth Group will use the bond to acquire UK holiday assets that were popular during the pandemic, for a fraction of their previous value, to redevelop these assets. Once redevelopment is complete some will be sold on to holiday and investment markets, while others will remain within Seventy Ninth Group’s portfolio for the longer term.
Jake Webster, Managing Director, at Seventy Ninth Group comments: “The launch of this £500m bond showcases the continued progress and success of our real estate investment portfolio.
“As the UK residential buy-to-let market remains uncertain, with record high interest rates, savvy investors are looking to diversify their real estate portfolio. We believe LL6 is a great opportunity for our global network of 2,500 partners, looking for strong returns, to do just that, and we look forward to welcoming more qualified investors to the bond in the coming weeks.”
Since 2020, Seventy Ninth Group has set the standard for investors looking to gain exposure to the holiday park sector of the UK property market, working with private and institutional investors to date.
Seventy Ninth Group
The Seventy Ninth Group is an award-winning asset management company headquartered in the United Kingdom. It holds a unique and advantageous position in the real estate sector, specialising in the acquisition, management and development of desirable assets.
A family-owned business, The Seventy Ninth Group was founded by entrepreneur David Webster and his sons, Jake and Curtis, along with an experienced board of directors, most of whom derive from a banking and compliance background. The Seventy Ninth Group is renowned for its strong family values of loyalty, honesty, and reliability, and is respected by its clients globally.
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