A new property development and investment group is on track to unveil its first aparthotel in Torquay, Devon, in early 2021.
Inspired by the Latin ‘Convivo’, meaning ‘come together’, Convivia is a London-based property and brand portfolio that aims to develop playful accommodation solutions, which encourage users to share space and create new experiences.
Located within walking distance of Torquay’s main marina and new £32m high street development, ‘Halcyon’ is Convivia’s first apart-hotel and will comprise of 42 generously sized, high specification one and two-bed apartments with the additional ‘convivial’ benefits of a communal gym, cinema room, lounge and private ‘chefs’ kitchen’.
Focused on pioneering new communities, Convivia is challenging conventional thinking through the design of its developments, enabling guests to come together and enjoy the space and technology available.
The new ‘Halcyon’ site will offer consumers the same flexibility, value and living space they crave in short-term, self-contained accommodation, but with a guaranteed level of service and specification.
The first in a series of innovative asset-backed investment apart-hotel property developments, Convivia is also in the process of finalising the acquisition of a 100-unit scheme in the heart of Liverpool’s city centre.
With work anticipated to begin as early as Summer 2020, this development will showcase some revolutionary industry firsts.
Roy Ledgister, Founder and CEO of Convivia, confirmed: “There is something fundamentally wrong with the way in which both public and private sector property developments are created and that is a sheer focus on maximising profit by squeezing as many units out of the given footprint, with little consideration for providing exciting communal space to be enjoyed.
Convivia Group aims to create a solid property investment portfolio underpinned by a spirit of conviviality and centred around experiential living. We are delighted to showcase our unique approach in the development of our first apart-hotel in Torquay, together with our exciting pipeline of developments due to be completed over the next 12 – 24 months.”
A successful Barrister and proven entrepreneur, Roy Ledgister boasts extensive experience in the development of a successful social housing property portfolio, having turned a £50 million investment into £165 million worth of assets in just 5 years.
Focused on refining the Opco and Propco model, Roy founded the Convivia brand in 2017 to develop more luxurious properties on an improved and low-risk investment model. Now backed by an experienced and highly decorated Board, Convivia aims to deliver real estate using a proven, low-risk, investment model that takes advantage of development opportunities across deprived, middle and high-income areas across both the public and private sector.
With a focused end to end solution of acquiring, developing, operating and managing the entire portfolio in-house, the Convivia Group has ambitious plans to reach a GDV of £130 Million by the close of 2021, with plans to launch its first investment fund within the coming weeks.
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