Late last year, we successfully acquired Millennium Park, a 10,000-square-foot commercial property that previously was home to one large company, and as part of our asset transformation strategy, will soon house 21 new offices. As the Investment Director, I’m thrilled to see our stakeholders getting involved already, and I can’t wait to see the project develop.
Work begins on Millennium Park
At the height of Covid-19, we were all confined to our homes. En masse, companies began to navigate the tricky transition from their regular office life to new office solutions.
Large businesses are looking to shed their oversized offices, often at a heavily discounted price. The Seventy Ninth commercial division specialises in acquiring these undervalued assets that have been significantly discounted. We then transform the commercial building into a number of small offices which are beautifully designed and well-equipped to service small and medium-sized businesses – which constitute over 99% of all businesses in the UK. [i]
Our next project
At The Seventy Ninth Group, we never stand still. We’ve got our next project already in motion. Having successfully identified a prime commercial opportunity, with a variety of opportunities available, we’re on our way to beginning our next stage of commercial office conversion. Through following our tried-and-tested model of development, I’m proud to watch The Seventy Ninth Group commercial flourish.
Going from strength to strength in a challenging landscape
In light of our recent developments, I’m confident that our investments are being made in the right place. After such a promising beginning, I cannot wait to see what the rest of this year holds, both for myself, The Seventy Ninth Group division as a whole, and all our stakeholders.
