RG Group, a renowned contracting firm, has unveiled its newest undertaking, RG Real Estate (RGRE), headed by Nick Hayes.
With an impressive track record as the former head of Unite Group’s property business, Nick brings a wealth of experience in development, investment, and asset management to his new role as Managing Director of RG Real Estate.
RG Real Estate offers direct development services to institutional funds and investors seeking to gain market share across the living sector, using RG Group’s expertise as the principal contractor.
Meeting modern renters needs
The move by the RG Group into development comes at a time when there is a structural undersupply of rental accommodation in the UK, driven by growing demand from student and young professional renters.
At the same time, new pipeline has slowed significantly in recent years and the number of existing private rental homes are falling.
RG Group has moved to address this undersupply and provide quality rental accommodation that meets the needs of modern renters.
Nick will join the business at the end of June.
Nick Hayes MD Designate RG Real Estate –
“Having worked with RG as construction partner for over a decade at Unite Students, I’m delighted to be joining Dave and the team in this exciting new chapter. RG are one of the leading contractors in the living space and with the creation of RGRE we will soon be able to offer turnkey development opportunities directly to institutional funds and clients.
The living sector continues to generate best in class returns and with over £30bn of capital looking to access the market, investors need institutional grade partners to deliver new accommodation.”
Dave Dixon MD RG Group –
“RG Group has a strong reputation for delivery and working with the correct culture having delivered over 15,000 beds in the living sector. Nick has sector leading experience having overseen the development of over 30,000 beds, and we believe our combined expertise will be of significant interest to institutional funds and capital partners. This is an exciting area of new growth for RG Group and we look forward to welcoming Nick on board at the end of June.”
Find out more at https://rgrealestate.co.uk
For enquiries –
Tel: 01732 526850
enquiries@rgrealestate.co.uk
