AIMS Investments acquires stake in UK property developer

AIMS Investments has acquired a majority stakes in UK property developer Beech Holdings.

Beech Holdings delivers residential accommodation in prime locations, with the partnership hoping to enable the business to expedite the delivery of over 1,000 apartments in its existing development portfolio with a gross development value of around £250m.

The partnership will be the basis for the roll-out of a larger UK-wide strategy to provide the Beech product to a wider audience and the joint venture also includes Manchester Apartments – the property management and lettings arm of Beech Holdings.

AIMS Investments is a family office that manages a globally diversified portfolio and is one of the largest private and public equity investors in Saudi Arabia. The deal follows AIMS Investments’ intentions to continue its long-term commitment to significantly in the UK real estate market.

Abdulaziz Albassam, chief executive of AIMS Investments, said: “AIMS Investments’ acquisition of a strategic stake in Beech Holding underpins the company’s diversification plan and its strategy to expand in the UK residential real estate market. After working with Beech Holdings over the past year and developing a relationship with the team, we sought to expand our commitment, investing in their people and talent to form a powerful platform for residential development throughout the UK market.

“This investment will enable us to accelerate our strategy in expanding our footprint to other regional cities in the UK and simultaneously growing our residential portfolio. Our investment is a sign of our long term commitment to the UK real estate market as well as our confidence in the ability of Beech Holdings to grow to become a major UK residential developer that delivers high quality products to its customers.”

Stephen Beech, chief executive of Beech Holdings, added: “Since we first established our close working relationship with AIMS in 2019, there was a natural progression towards creating a true partnership. AIMS Investments’ institutional expertise is very much welcomed and intrinsic to our shared strategy of accelerating our growth across the UK. The partnership is a good indication of the strength of the UK property market and we look forward to continuing our mission together to provide professionals and students with a high standard of living across the UK.”

One of the high-profile assets included in the new partnership is Beech Holdings’ flagship development, Ancoats Gardens in Manchester. The development consists of 155 premium apartments, roof gardens and shared social spaces.

This partnership follows recent data from Savills which predicted that UK property prices will rise 15.1% by 2024, with North West England forecasted to rise 24.1% over the next five years.