Hadham, October 2021
The Hadham Group had only been around for a few years but had become one of the biggest conglomerates in the UK. With private investors and a board that had ties across Europe and Asia, it had spread its reach far and wide. Its main company – Tendacom – had begun to develop hardware and software that had had a profound impact on the market. From iPhones and computers to smart televisions and cars, they have altered the way we use technology. As such, it had turned many of its staff into millionaires – if not billionaires – overnight, although it had inevitably meant there were people who had become resentful towards the company and how much money had been made.
The Hadham Group has had a presence in the UK market for over two decades. Over this time, it had acquired many residential properties around London for renovation projects to be undertaken. However, the Group had restructured its business model in 2020 to complete development projects on these properties instead of undertaking refurbishment. It had now entered into another partnership with multiple investors to construct 800 new homes in Hadham, Hertfordshire. This had ramped up the efficiency and skill with which it had always worked on residential projects.
This had brought an opportunity for long-time investors to become involved with this project at a ground level, with significant benefits promised upon completion. The Group had already started the groundwork for construction and had plans to complete the project in October 2021. The Group had also planned to develop 120 affordable housing units within the 800-unit project approved by English Heritage and met all local building requirements.
The Hadham Group had made a presentation of its progress with investors and discussed future projects with them; Hadham had talked about the Group’s plans to expand its project pipeline over the next few years. It also aimed to initiate joint ventures with local authorities and had planned to go public in 2022; Hadham had proposed a target of 750 new homes by 2021.
Hadham had made investments in large-scale home building projects in the past. It had had success in mixing large-scale buildings with commercial use and had successfully diversified into that sector.
The Group had experienced an increase of over 36% within the last six months. Hadham had acquired new clients for construction services both locally and internationally, contributing to this rise. However, it had also been noted that Hadham had not had any significant rise in profit margin.
According to the Hadham Group, house prices in Hadham had a monthly growth of 0.9% in October and annually; 7.9%.
This continues to show how popular Hadham has become as an area to live and invest in due to its proximity to London, affordability, and ease of commute into the city.
The average house price in Hadham has continued to remain high, increasing by 10.4% annually, where the average was £420k. This increase is because of housing stock availability due to redevelopment across the town and surrounding areas.