REDD Expands Into London With £100m Development, More Planned

Monaco-based investor-developer REDD is undertaking a £100m expansion into the prime London property market.

The new London operation undertakes direct investment and development, as well as providing development management and property management for private investors and clients.

REDD is operating in Mayfair, St James’s, Belgravia, Knightsbridge, Chelsea, Kensington and Marylebone. The company’s newly unveiled Mayfair properties include 10 apartments near Berkeley Square and a remodelled Mayfair mews house. It has also acquired a £15m five storey mansion in Mayfair’s Balfour Place for a proposed luxury mixed use scheme.

Jacopo Marzocco, Founding Director of REDD says: “REDD is a multi-national luxury property company which develops and manages property in world class locations. Initially operating in Monaco, we have now established operations in prime central London and plan to grow our London client base and expand the number of properties under development and management. Working with clients from around the world, REDD also provides the perfect conduit for London investors seeking to invest in Monaco and visa versa, and as part of our ambition to become an international brand we are constantly reviewing other real estate opportunities in wealth destinations across the world.”   

The London market has proved a target for investors from all over the world in recent years, with many taking advantage of Brexit uncertainty and the depressed value of sterling to jump into the market. Monaco is a fairly unusual source of foreign investment, however, and a potentially interesting one.

Source REDD
You might also like