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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