Despite authorities struggling to keep properties afloat as the cost-of-living continues to climb, a new investment company has secured a string of national deals worth millions.
Yesterday, Zunikh, a disruptive real estate, development, and investment businesses, announced that they have transacted four residential deals in three weeks with a GDV of more than £32m.
The lawyer-run company, of which the foundation was created in 2019 and launched officially in April this year, have unveiled that have obtained new deals in Buckinghamshire, Hertfordshire, Greater London, and the West Midlands.
As a result, Zunikh now has in excess of 175 homes which it is in the process of developing in locations across the UK and is actively seeking to increase its portfolio including on the South Coast and in Bristol, Nottingham, Manchester, Leeds, and Glasgow.
In addition, the organisation, which has a physical presence in London and Sheffield, plans to add a further 750 units to its books by the end of 2024, with a forecast GDV of £1bn. Its assets span all aspects of the residential, commercial, student, healthcare, industrial and retail sectors.
Alongside this, the organisation’s truly disruptive model sees 50% of its gross profits ploughed back into charity and the communities in which it operates, displaying that Zunikh do more than simply provide homes for locals.
Founder and CEO, Shakeel Adli, explained how Zunikh is fiercely ambitious and committed to its values.
‘Zunikh is founded on commercially-savvy philanthropy. We invest, develop, and empower communities,’ Shakeel said. ‘I started building Zunikh in 2019 and knew it was essential to develop a demonstrable track record and ensure that we were trusted by our peers and the residents we’re creating homes for.’
Shakeel added: ‘At the end of 2022, with several developments being built on, I left CMS to take Zunikh to the next level. My steadfast ambition is to use the built environment as a vehicle to empower both people and place.’
Image: James Feaver