Property Finance Director, David Rainford at leading accountants and business advisers, Cowgill Holloway LLP, has advised Njoy Student Living (Njoy) on over £7m worth of property acquisitions in the Manchester student accommodation sector.
Njoy specialise in high quality, low cost accommodation, all within easy reach of Manchester’s universities. Cowgill Holloway has been working alongside the business for the last year helping them to expand their student accommodation property portfolio. With the help of Cowgill Holloway, Njoy have added around 300 beds to their portfolio across six sites in Manchester, including; Carfax Court, Langdale Hall, Daisy Bank Road, Hathersage Road Nayburn Street and Welby Street.
Since the launch in May last year, the Cowgill Holloway Property Finance Team have been assisting businesses such as Njoy. The new service aims to benefit; private investors and developers; trading businesses with or seeking to acquire or refinance property. The team take a ‘partner’ rather than ‘broker’ approach and offer a full advisory service ranging from structuring and negotiation, to tax, VAT and capital allowances advice.
David Rainford, a former Bank of Ireland Property Finance Director, heads up the team and worked with Njoy on the acquisitions, he said: “We are delighted to have assisted Njoy with these acquisitions. We have worked hard to source competitive finance options and have liaised closely with the bank’s valuation and legal teams to ensure the deals completed.”
Richard Tkaczyk, Director, at Njoy said: “The property industry has been hit harder than most by the challenging economic conditions throughout the world but this new service provided by Cowgills’ has enabled us to raise finances with greater ease and expediency. The service we received was absolutely first class.”
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The information was correct at time of publishing but may now be out of date.
