Acquisition of Mayfair, Stafford and Revere Hotels

22nd December 2021

Andium homes is delighted to confirm that on Friday 17th December 2021 the Mayfair, Stafford & Revere Hotels were purchased by the Company for development as part of our commitment to deliver 3,000 new homes by 2030.

The projects, all of which have planning permission, will deliver 307 new homes, contributing to more than 10% of the new homes target.

The homes on these 3 sites should all be complete by 2025 and will be reserved for rent to individuals registered on the Government’s Housing Gateway or sold to first time buyers registered on the Assisted Purchase Pathway managed by Andium Homes, with assistance in funding their purchase provided through Andium’s Shared Equity Homebuy Scheme.

Andium does not sell homes by Share Transfer or to buy to let investors. 

Find out more about Andium Homebuy https://www.andiumhomes.je/findahome/andium-homebuy/

Ian Gallichan, Chief Executive of Andium Homes commented, “We are very pleased to have purchased these three sites. This ensures that they will be developed to meet the needs of families on the Gateway or those who need assistance to purchase a home to live in.”

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