Two Birmingham property companies have joined forces to create a new joint venture.
Urban Village and Key Land Capital have launched the new outfit, called Urban Village Capital, which will operate from a city centre base and a second office in Sutton Coldfield.
The two companies have previously worked together on several projects and this new chapter will see it focus on delivering high-quality residential developments across the UK.
It is led by chief executive Nick Sellman and executive director Kevin Sharkey.
Mr Sellman is an experienced property developer with a specific focus on urban regeneration and has been responsible for a series of schemes in the West Midlands, Milton Keynes and South East.
Mr Sharkey has been involved in large-scale development projects across a variety of sectors including residential, healthcare, education and defence sectors.
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He said: “This is a really exciting step forward for Key Land Capital as we start a new era by joining forces with Urban Village to create a company with an enormous amount of experience and expertise across the team.
“The two companies know each other very well, having worked on several joint ventures including office-to-residential conversion Knight’s House and the Old Art School apartments in Sutton Coldfield and the £15 million Ringway House student accommodation development in Coventry.
“Nick and I have been friends since we were at school together and we have a shared vision of the investment and development business we want to be, and the direction in which we want to travel.”
Mr Sellman added: “Our joint ventures with Key Land Capital have been very successful so it makes sense for us to combine our knowledge of the market and development expertise as we grow the business, increase our portfolio, and identify new development opportunities.”
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