Joint venture launches with multimillion-pound property portfolio
Midlands-based property specialists Urban Village and Key Land Capital have joined forces to form an investment and development business with a multimillion-pound portfolio of residential developments across the UK.
The two companies, having worked together on several joint ventures, have formed Urban Village Capital. It will focus on delivering high quality residential developments across the UK.
Real estate developer Urban Village Capital will operate from offices in the Colmore Business District, in Birmingham city centre, and Sutton Coldfield, led by chief executive Nick Sellman and executive director Kevin Sharkey
Sellman is an experienced property developer with a specific focus on urban regeneration. He has been responsible for a series of redevelopment schemes in strategic locations including the West Midlands, Milton Keynes, Bedford, Peterborough and Sussex, producing hundreds of residential units.
Sharkey has been involved in large-scale development projects across a variety of sectors including residential, healthcare, education, and defence sectors.
He said: “This is a really exciting step forward for Key Land Capital as we start a new era by joining forces with Urban Village to create a company with an enormous amount of experience and expertise across the team.
“The two companies know each other very well, having worked on several joint ventures including office-to-residential conversion Knight’s House and the Old Art School apartments in Sutton Coldfield, and the £15 million Ringway House student accommodation development in Coventry.
“Nick and I have been friends since we were at school together and we have a shared vision of the investment and development business we want to be, and the direction in which we want to travel.”
Sellman said: “Our joint ventures with Key Land Capital have been very successful so it makes sense for us to combine our knowledge of the market and development expertise as we grow the business, increase our portfolio, and identify new development opportunities.”
Urban Village Capital’s mission is to deliver residential developments that generate target returns for institutional and private investors.
