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
is a fairly unusual source of foreign investment, however, and a potentially