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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 

Definitions

High Net Worth Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm they have an annual income of not less than £100,000, or net assets, excluding their primary residence, of not less than £250,000.

Certified Sophisticated Investor – An individual who has a written certificate within the last 36 months by an FCA Approved Person confirming that the Investor is sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments

Self-Certified Sophisticated Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm that have sufficient knowledge to understand the risks associated with engaging in investment activity in a non-mainstream pooled investments.

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