Established in 2014 Magna was set up primarily as a residential developer. Its focus is maximising asset value by correct asset purchase, and adding value through working the planning process, mix of units, specification and understanding the local market.
Magna established itself in the market place throughout 2015/2016 in the West London commuter belt, purchasing circa £80 million in GDV assets. The company formed strategic partnerships with both central government and local councils, specifically the Borough of Woking with whom Magna has a strategic PRS (Private Rented Sector) Joint Venture.
Magna’s strategic relationships and proven asset purchases have enabled the fast-paced growth throughout 2016/2017. The business now seeks further partnerships to deliver the growing pipeline of projects, and take advantage of the opportunities currently identified in the market place. As of June 2018, Magna has in excess of £210 million GDV sites in ownership that are either in construction and/or planning, and a further immediate pipeline of £290 million in new assets.
