IFN | Zunikh closes 4 residential deals

Disruptive real estate, development, and investment business Zunikh has transacted four residential deals in three weeks with a GDV of more than £32m.

The lawyer-run company, which generates wealth, offers exceptional investment opportunities, and delivers diverse real estate projects, has announced new deals in Buckinghamshire, Hertfordshire, Greater London, and the West Midlands.

Zunikh now has in excess of 175 homes which it is in the process of developing in  locations across the UK and is actively seeking to increase its portfolio including on the South Coast, and in Bristol, Nottingham, Manchester, Leeds, and Glasgow amongst others.

The company plans to add a further 750 units to its books by the end of 2024, with a forecast GDV of £1bn.

Zunikh’s unique approach sees 50 per cent of its gross profits ploughed back into charity and the communities in which it operates.

“We put our unique values and social approach at the heart of all our schemes,” said CEO and founder Shakeel Adli, who was a former Partner and Global Head of Islamic Finance at top international law firm CMS.

“We’re driven by creating legacies and our track record in acquiring sites and completing deals is exceptional.

“Our top team are professionally regulated and experts at managing risk. Combined with our ability to flex to changing market conditions, we’re adept at purchasing  sites at below market value, adding value through for example the planning process and delivering market-leading returns for investors.

“Everything we do is built on a platform of respect, trust, and honesty. It’s a pioneering approach and, for many, an unrivalled business opportunity.”

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

This month’s deals follow on from a number of recent acquisitions as Zunikh seeks to deliver high quality housing schemes to address a chronic shortage in private-sector housing.

Shakeel, who has recently joined the Islamic Finance Council UK’s Advisory Board, added: “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. We’re firmly on track to meet our target of £1bn GDV by the end of 2024.”

This article was first published in IFN Volume 20 Issue 29 dated the 19th July 2023.