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JMW advises on £1.36m Stockport residential deal
JMW Solicitors’ Real Estate team has advised Performance Property Group and PPG MEPS Ltd on a £1.36million deal as it continues its acquisition trail to expand its residential property portfolio.
Performance Property Group is a property investment business set up by Jay Puddy and former professional footballer, Christian Ribeiro. The team draw on their expertise and knowledge to support sportspeople to build a separate income stream and secure their financial future via property investment.
It has acquired Windsors on Stockport’s Castle Street; a 11,000 sq. ft. building comprising 14 apartments along with two commercial units and five garages, and already has tenants in place.
The building has been purchased with one of its professional footballer clients, Chris Mepham of A.F.C. Bournemouth.
Chris Ribeiro of Performance Property Group said: “This is one of our strategies to help grow significant portfolios for our players, whilst also being as hands-free as possible for them whilst they are still playing football every day. This is the start of numerous purchases that will help to secure the financial future of our team of football players in anticipation of their inevitable retirement from the beautiful game.”
Julian Rogozinski, Partner at JMW Solicitors, said: “We’re pleased to have been able to support Performance Property Group on this latest deal; another strong long-term investment opportunity. The building provides affordable private rental property that is high-quality, safe, secure and well-located. We look forward to working with the team as its residential property portfolio continues to expand.”
Jay Puddy added: “This deal is one of our largest standalone purchases since launching but we hope to beat that record in the coming months with the exciting pipeline that we have created. We are working incredibly hard to help our footballers grow their property portfolios alongside our own and we love supporting the players with our bespoke hands-free service. Our players can see the huge value of owning these assets for the long-term to help secure their financial futures for the inevitable day that football retires them. We have made a series of acquisitions in Stockport and South Manchester to date and those areas will continue to be a focus for us as we target further projects.”
JMW Solicitors is a leading full service law firm with offices in Manchester, Liverpool and London. Its specialist Real Estate team is among the largest in the country and spans residential property, real estate finance and real estate commercial, along with a talented, highly experienced property litigation team.
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