DEVELOPMENT WITH A DIFFERENCE
Luxdon approached the owner of two flats in West Norwood being sold through an agent. Marcus and Dan spotted the properties’ potential and suggested a joint venture. The owner agreed to the proposed terms and retained ownership throughout the project whilst Luxdon paid for and carried out the work in its entirety, to a high standard.
The properties were completed within 4 months, went under offer on first viewings and the owner received 15% above market value of the properties.
The Luxdon team believes that joint ventures are an attractive and beneficial arrangement for all parties and consider them a key component of its business.