PRS Specialist Team
Cording Real Estate Group have launched a new UK Private Rented Sector (PRS) platform with the acquisition of specialist PRS company, CapRes.
CapRes’ founders, Tim Holden and Charlie Miller, who have a combined 30 years’ experience in the PRS sector, head up Cording’s new PRS platform. They will be joined at Cording by CapRes’ lettings expert, Katy Jones.
The CapRes acquisition brings with it, a strong pipeline of on- and off-market opportunities. Cording will acquire both existing, fully let residential buildings and sites which will be developed out and managed as PRS accommodation to meet a range of investor requirements.
Tim Holden and Charlie Miller, who founded CapRes in 2009, are two of the most experienced operators in the UK PRS sector, having been involved in directly acquiring, developing and managing numerous schemes. Between them, they have acquired and managed over £1 billion of new development in over 25,000 residential plots.
They are experienced PRS professionals in an emerging sector where knowledge and experience are at a premium.
Recent activities have included:
- Site acquisition
- Acting as the developer and managed third party developers
- Responsible for setting and directly implementing lettings strategies and managed third party letting agents
- Responsible for directly managing PRS properties (including detailed accounting and reporting practice) and managed third party property managers
- Project managing whole schemes for investors from site acquisition through to completed, fully let PRS buildings, by coordinating professional partners and advisors at all stages
- Achieving stabilised income within 6 months at an average rate of 5%+ NIY.
Tim is Director of Residential Development and Asset Management at Cording, overseeing project delivery, property management and lettings. He is focused on ensuring that projects are delivered efficiently and on time.
Before jointly founding CapRes with Charlie Miller, Tim was an executive director at two of the largest affordable housing groups, Home Group and Places for People, where he was involved in setting up the group’s PRS companies, later joining Network Housing Group in 2005.
Tim is an MCIOB and holds an MSc in Project Management from the University of Greenwich.
Charlie is Director of Residential Acquisitions at Cording, responsible for sourcing PRS opportunities and has more than 20 years’ experience acquiring, planning and carrying out residential-led urban regeneration project in London and across the UK.
Prior to joining Cording, Charlie was responsible for driving the acquisitions forward for London & Stamford‘s £350 million residential portfolio which included schemes at Arsenal’s former North Stand at Highbury Stadium, the Oval Printworks in Lambeth, Seward Street in Islington and Bridges Wharf in Battersea.
Charlie is a fellow of RICS.
Katy is Director of Residential Lettings at Cording and has over 15 years’ lettings and sales experience in the London and greater London residential property market.
In 2008 Katy established KM Jones Ltd, a specialist residential new build lettings agency, which grew to become the predominant independent new homes letting agent in North London. She was responsible for the highly successful lettings at the Highbury Stadium Development.