Property Investment Portfolio Blog

Nottingham property company Property Investment Portfolio (PIP), has begun a £20 million construction project in Cornwall to refurbish a former MOD residential site, earmarked for luxury development.

The new project, which will see PIP acting in conjunction with private investors to refurbish the exteriors and interiors of 120 former MOD properties, has now begun at St Eval.

Multimillionaire property developer Arv Soar, owner and director of Property Investment Portfolio, has now invested heavily in the specialist construction arm of his business, PIP Construction, to fulfil the project. In addition to spending over £100,000 on new plant, he is expected to recruit a further 50 new employees for PIP, including an operations director in the coming months. These employees will be based across PIP’s three locations in Nottingham, Hull and now in St Eval.

“There is a huge demand for luxury housing in Cornwall and St Eval is an extremely desirable location, being situated so close to Padstow and the North Cornish coastline,” explains Arv Soar.

“Our core business is the provision of property investment opportunities for investors and lettings, but we have always operated a construction division, which has developed individual properties and streets and constructed the various developments that we ourselves have launched.

“The St Eval private investors partnered with us were impressed by the standards of our previous refurbishments and my proven knowledge of working effectively in both ‘bull’ and ‘declining’ property markets. In this market, construction firms need to have even more strategic property market knowledge to survive and prosper and this is what we bring additionally to this project.”

The St Eval development, will comprise 120 luxury, 3 bedroom executive properties.

This new project follows the successful growth of Property Investment Portfolio, which last year invested £100k to extend and refurbish its offices in Nottingham and Hull to create a better customer experience for its many clients and also to house a larger team.

Arv, who is a regular property market commentator, launched PIP in 2005 and now has several hundred properties in Nottingham and Hull.

“We will hopefully be announcing another, larger construction project in the next month and are actively seeking new development opportunities,” concludes Arv.

The money will be used to regenerate a run-down part of the city left in limbo after the axing of the Gateway scheme and build hundreds of homes for vulnerable people.

The Mail can reveal Keepmoat, the private firm involved in the Gateway project, has been awarded £8 million to continue the regeneration of the Newington and St Andrew’s neighbourhoods.

The Department of Health has also awarded £83m for three “supported housing” developments for older and vulnerable people.

The £8m, which has been awarded from the Government’s Regional Growth Fund (RGF), will create around 839 construction jobs – including 95 apprenticeships.

Keepmoat said it will allow them to unlock a further £150m of private funding streams.

The news comes just days after residents told the Mail they were being forced to live in “slums” following the axing of housing regeneration funding, with all the properties on one side of Clyde Street currently boarded up.

Norah Griffin, who lives in nearby Clydesdale Avenue, said: “I am absolutely ecstatic. I cannot put into words what this means to us.

“We can all now breathe a sigh of relief. It is like a millstone has been taken from around our necks.”

City council leader Carl Minns, said: “This is great news for the city. I am really pleased the Government has seen sense and put money in to finish the regeneration of west Hull.”

The regeneration work includes knocking down old housing and building new properties and will result in 1,475 new and refurbished eco-efficient homes.

David Carmichael, Keepmoat Homes Partnership Director in Yorkshire, said: “This is great news and we are delighted to have cleared the first hurdle. Over the next 8-12 weeks, we will need to go through a process of due diligence in order to secure the grant.

“So the next step is to sit down with our partners to ensure we successfully complete this in order to be able to continue the good work which is being done in the Newington St. Andrew’s area of Hull, where new homes and jobs are being created, neighbourhoods transformed and communities revitalised.”

Rick Welton, the council’s portfolio holder for housing and regeneration, added: “It is vital that the work started under Gateway is completed. This announcement means hundreds of new homes for local people and jobs for people in the construction industry.”

The second cash windfall comes in the form of £83million of Private Finance Initiative (PFI) credits from the Department of Health (DoH).

This will create three supported housing developments – totalling more than 200 supported homes for older people and adults with special needs.

The main focus will be to support people with dementia.

The three developments, which are being built to help residents live independently for longer and reduce reliance on social services such as day care centres and hospitals, will be created in Hawthorn Avenue, the former Homethorpe flats in Orchard Park and the former Holden Centre in Leads Road.

The locations have been handpicked to ensure extra care is available in different parts of the city and to support other regeneration projects, particularly in Orchard Park and Newington and St Andrews.

The developments will include communal health facilities, including treatment rooms.

These will be used for a range of services, ranging from changing sterile dressings and administering flu jabs to chiropody.

The move is also expected to create hundreds more construction jobs.

Angela Dunn, the city council’s head of social care and housing, said: “The fact that our PFI bid has been successful is fantastic news for the city and people of Hull.

“We will now be able to press ahead with developing these extra care schemes to provide more support for older and vulnerable people to live independent lives.”

The scheme is one of four across the country announced yesterday by the DoH.

Care Services Minister Paul Burstow said: “This is key to developing services that fit around peoples lives and deliver personalised care and support.”

Deputy Prime Minister Nick Clegg said he was “bowled over” by the quality of the first wave of RGF bids.

He said: “This money will now help create and safeguard jobs in some of the communities worst hit by the economic downturn.

“I know that with the right support these businesses can work with their communities and together play their part in leading the country back into prosperity.”

Business Secretary Vince Cable added: “Supporting job creation in the regions is vital if we are to drive growth in our local communities.

“The Regional Growth Fund is a competitive fund and we wanted to see proposals that created jobs in the private sector, in areas of deprivation and that is at risk of suffering from public sector cuts. I’m confident that the successful bids we have chosen will deliver on this.”

● Vince Cable: “North-South divide is narrowing”

Source Hull Daily Mail April 2011

Property Investment Portfolio should be your number one choice when looking at investing in property. Based in Nottinghamshire and with offices in Hull, Property Investment Portfolio has a wealth of experience in property investment both in the UK and abroad.

Property Investment Portfolio was set up by property entrepreneur Arv Soar who has personally built up a property portfolio of over 200 properties, worth in excess of £20 million. With his extensive knowledge in property investment Arv now helps others to achieve what he has in today’s competitive market and has been featured on TV on many occasions.

Arv Soar has become a regular contributor to leading property publications which include, Sold Out, Hot Property and Residential Property Investor. He has also featured in local and national newspapers, including the Sunday Times, as well as local radio offering his wealth of experience to others looking to invest in property.

As an investor you could be looking to invest in just one property to get you started or maybe a few properties to add to an already existing property portfolio, either way PIP can help you.

Property Investment Portfolios services include:

• Refurbishment
• Investment Consultation
• Ongoing Letting Management
• Building
• Deal Sourcing

Property Investment Portfolio is continually working hard to find the best investment properties around so that they can pass these investments on to you. If you would like to find out more you can visit the website www.propertyinvestmentportfolio.com or call 0115 9289 333 where they will be only too pleased to help and offer the highest of professional advice.

Letting a property can be a very time consuming thing to do and can at times have little reward. This is especially true for landlords who have more than one property to manage and often end up spending all of their precious time dealing with problems.

If you are a landlord letting property or properties then it is a good idea to let a professional lettings management company take control for you. For a fee they will take the pain away from the day to day management of your lettings and ensure that everything runs smoothly, including the collecting of rents.

So what should you look for when selecting a management company to take over your lettings? Here we have the top 5 things to consider when selecting the right one.

1) Will they find tenants for you?

This may sound like an obvious one but if you are going to use a management company you need to make sure that if your current tenants leave, they can find replacements. This will involve advertising the rental and using their contacts. This service can save you a lot of time and money in the future.

2) How long have they been doing it for?

You need to employ the services of a lettings management company that have been around for sometime. They have to have a wealth of experience in lettings management, as this way you can be assured that your property is safe and the rent is being paid by good tenants.

3) Rent Collection

The reason why you are letting out the property is to gain income from it. The most important part of this process is actually receiving the rent from your tenants. A good lettings management company will collect the rental payment as part of your contract with them. This will save you lots of time.

4) Tenancy Agreements

As a landlord you will need a tenancy agreement between you and your tenant(s). This is an important document that should be in place to protect both you and your tenant; it also lets the tenant know of their rights and what you expect from them. Make sure that your lettings management company can offer this service as this way you can keep everything I one place and in order.

5) Inspections of property

You want to make sure that your property is being looked after and is in good condition. This can be hard to do if you have numerous properties or they are far away from where you live. An experienced lettings management team will make regular inspections of your property as part of the agreement and report back to you should there be any problems.

If you are a landlord then you will understand just how hard it can be sometimes to manage your properties, especially if you have more than one. Property Investment Portfolio can take the pain away with their comprehensive management service for landlords.

Property Investment Portfolio can offer the following services to landlords:

• Tenant find.
• Tenant find and rent collection.
• Full management.
• Recommendation of Buy-to-let mortgage brokers for re-mortgage or future purchase purposes.
• Recommendation of Landlords Insurance Brokers – we will even get a quote on your behalf.
• Recommendations of rental guarantee schemes.

Property Investment Portfolio are professional landlords themselves so they know exactly what you need as a landlord

If you are a tenant and are looking for somewhere to rent, then Property Investment Portfolio can help you too. You can find the latest places to rent and be notified of these by email so you can be the first to know.

Established for many years and supplying investment properties available to buy and rent in Nottingham, Mansfield, Derby, Hull, Doncaster and other North East locations, Property Investment Portfolio are your number one choice if you are looking for a home to rent in one of these areas.

Property Investment Portfolio can offer tenants the following services:

• Find a suitable property in your price range
• Help with the various references and the legal’s
• Deal with any issues or problems that may arise quickly
• Free consultation with one of our advisors

If you are a landlord or tenant and would like to find out more then visit the website www.propertyinvestmentportfolio.com or call 0115 9289 333 where the professional team at Property Investment Portfolio will be only too pleased to help.