Over 150 people attended a property update from Helmsley Group in York today.

Chairman John Reeves debated how Brexit will affect the property industry and said: “We’re being discerning over what and where we buy in order to future proof our client investments.”

“Any change of government will present a huge risk to investors and doesn’t bear thinking about for our industry. It could lead to the destruction of entrepreneurial wealth creation.”

“We’re focusing on better quality towns and cities that attract buyers and high quality tenants.”

Ed Harrowsmith, Syndicated Property Associate Director advised: “Property continues to outperform many other investments, however we’re at the peak of the market cycle and I believe a downturn is just around the corner. That said, our portfolio continues to perform well as a whole.”

Max Reeves, Development Director, continued: “Helmsley Group is investing in niche developments in popular locations to give us a strong market edge.”

“Current schemes include high end residential developments like The Old Fire Station in York, which sets a new benchmark for sales values in the city. We’re also creating affordable homes from office to residential schemes, which includes the newly started Hallfield Road in York.”

The discussion also covered the threat of internet shopping to the high street, to which Max Reeves added: “Our portfolio isn’t over exposed to retail and in this environment it’s essential to keep other development options available in case of a need for a change of use.”

Tom Sykes, Asset Manager, updated Helmsley Group clients on the current portfolio, which includes residential, industrial and office accommodation.

Managing Director Richard Peak said: “We were delighted to welcome so many clients to the AGM and look forward to working closely with them through 2019 to develop their wealth through their property investments”.

For further information please contact candice-robertshaw@helmsley.co.uk 

A local property company is calling for ideas from York school children for a time capsule to be buried under The Old Fire Station development on Clifford Street.

Helmsley Group, which is based at Monks Cross, is currently developing the site to create luxury apartments and homes, which will go on sale this November.

Director Max Reeves says: “Every ten years or so we bury a time capsule in one of our schemes, so that people in the future will know what was happening and what was important at a certain date and time in York. We’re inviting entries from local school children in the form of posters and ideas for what they’d like York to be remembered for today.”

“We’ll draw the winner on 9^th November 2018, so we can add it to 2018’s time capsule at The Old Fire Station.” 

To enter, please draw or paint your idea and share a picture of it on Twitter and/or LinkedIn by using #firestationcomp and @helmsleygroup, or you can post to Candice Robertshaw, Colenso House, Monks Cross Drive, York YO32 9GZ or email on candice-robertshaw@helmsley.co.uk