Select Property Group offers bonds at 6%

Cheshire-based Select Property Group – a developer, owner and manager of residential property brands – has announced an offer of sterling denominated 6% bonds, due on October 13, 2023.

The bonds are available at a starting price of £2,000. Select is a provider of managed residential properties across the student, PRS and services apartment sectors through its Vita Student, Affinity Living and City Suites brands.

Alderley Edge-headquartered Select concentrates on locations which it believes possess a significant demand.

Chief executive Mark Stott said: “Over the past decade, we have built three brands that, while targeting different sections of the property market, are united by an approach that puts the needs and experiences of our customers at the very forefront of the offering.

“Our customers benefit from high-quality facilities, locations and customer service. We believe that our ability to develop a sense of community is crucial to driving consistently high occupancy rates and generating sustainable, growing income streams.

“The success of our strategy is evident in our upcoming developments and our future pipeline across the student, PRS and serviced apartment sectors.

“As we continue to grow the business and build on the success we have achieved to date, we are seeking opportunities to diversify our sources of funding.

“The launch of our debut retail bond will support the continued development of our business and it marks an exciting step forward for Select Property Group and our stable of brands.”