Ethical property developer to expand operations
Real estate, development, and investment company, Zunikh, is set to significantly ramp up its UK operations.
Zunikh, which has a physical presence in London and Sheffield, was founded in 2019 by UK lawyers specialising in property and finance, The firm delivers diverse real estate projects on an ethical basis. It ploughs 50% of its gross profits back into charity and the communities in which it operates.
Since launch, Zunikh has attracted investors from the Channel Islands, Middle East, and the UK to the value of £5m. It has amassed property projects with a projected gross development value (GDV) of £85m when complete.
It now has 150 homes in development across 14 residential schemes in locations including London and the Home Counties and is actively seeking to increase its portfolio across the rest of the UK including the major regional cities and surrounding areas of Birmingham, Manchester, Sheffield, and Glasgow.
Zunikh plans to add a further 750 units to its books by the end of 2024, with a forecast GDV of £1bn. Its assets span all aspects of the residential, commercial, student, healthcare, industrial and retail sectors.
Founder and chief executive Shakeel Adli, a former partner and global head of Islamic finance at international law firm CMS, said, “Zunikh is founded on commercially savvy philanthropy. We invest, develop, and empower communities.
“I started building Zunikh in 2019 and knew it was essential to develop a demonstrable track record and ensure that we were trusted by our peers and the residents we’re creating homes for.
“At the end of 2022, with several developments being built out, I left CMS to take Zunikh to the next level. My steadfast ambition is to use the built environment as a vehicle to empower both people and place.”
Shakeel is joined by former CMS associate solicitors Lily Martin, and Sean Gough. Lily takes up the role of chief operating officer and Sean is chief commercial officer. Both have been appointed as part of Zunikh’s rapid expansion and recruitment plans.
“We have a truly unique and holistic approach to real estate – operating at the highest level across property and finance and against a backdrop of almost 30 years collective legal experience,” says Lily.
“As a trio, we’re professionally regulated and experts at managing risk. We know that with our expert sector knowledge and ability to flex to changing market conditions we can deliver results that significantly outperform the current market.”
Sean Gough added: “Zunikh is inclusive, ethical and values led. Our projects not only deliver exceptional return on investment but leave a genuine legacy and contribute to a better world. This is not just talk. Later this year we will be launching our Foundation that enables us to distribute 50% of our gross profits to charitable and social projects.
“Our approach is unheard of in the property sector, and we’re totally driven by our values and aim to be a force for good. These are incredibly exciting times for Zunikh and after judiciously building a strong foundation, we’re ready to make some noise and start shouting about our game changing business offer.”
