Fast-Growing Property Development and Investment Company Looks Ahead to 2024
Following its public launch earlier this year, property development and investment company, Zunikh, have laid the foundations for a promising 2024.
The lawyer-run company, which has a physical presence in London and Sheffield, delivers diverse real estate projects across all sectors and on an ethical basis.
It aims to use the built environment as a vehicle to empower people and place by delivering high quality housing schemes to address a chronic shortage in private-sector housing.
Shakeel Adli, CEO and founder of Zunikh, said: “These are exciting times for Zunikh, its investors and the communities we are working in. Zunikh developments are synonymous with quality and designed to leave a legacy.”
Since its public launch in April this year, the company has been working hard to build its portfolio across the country, establishing strong relationships and laying solid foundations as it prepares for a major jump in activity going into 2024.
Zunikh now has in excess of 175 homes which it is in the process of developing or agreeing to purchase the underlying sites for in locations across the UK. This includes its developments in Croydon, Enfield, Watford, Stebbing and Aylesbury Vale.
The company plans to add a further 750 units to its books by the end of 2024, with a forecast GDV of £1bn. With this growth in mind, the team is looking to move into a brand new headquarters in 2024 as recruitment becomes a key priority.
Shakeel Adli added: “2023 has been a particularly unusual year as we continue to be affected by the aftermath of the pandemic, the continuing war in Ukraine and other major international events. However, we expect that 2024 will see markets begin to settle and, as such, our outlook for the new year is positive.
“We’ve built solid foundations over the past couple of years through acquiring sites, completing deals, growing our developments and sales, and we’re firmly on track to meet our target of £1bn GDV by the end of 2024.”
Since launching in 2019, and ramping up business this year, Zunikh has attracted a number of investors from the Channel Islands, the Middle East, the Far East, and the UK and has also had funding advanced by the likes of Ingenious, West One, Assured Property Finance and LDS, all as part of their aim to address the private-sector housing shortage.
2023 has seen Zunikh formally collaborate with local and national charities, such as homeless charity Crisis and Gingerbread Housing, a charity that helps find homes for single parents.
Sean Gough, Zunikh’s Chief Commercial Officer, added: “We are an inclusive, ethical and values led company. Both our projects and our collaborations, not only deliver exceptional return on investment, but leave a genuine legacy and contribute to a better world.
“This is not just talk. In 2024, we will be launching our Foundation that enables us to distribute 50% of our gross profits to charitable and social projects.”
The company’s charitable model is set to be finalised next year with its Foundation, due to be launched in 2024. It will allow the company to extend its assistance to the communities it works in.
If you would like more information about Zunikh or anything featured in this article, contact us now.