Bath-based property developer Rengen, the firm behind the regeneration of the city’s former Labour Exchange building, has formed a joint venture with a London developer and investor to seek further opportunities across the UK.
The partnership is with Farleigh Property, which has developed a number of high-quality residential schemes in and around the capital.
Known as Farleigh Rengen Developments, the partnership combines the two firms’ wealth of experience in a range of disciplines, spanning development management, project & cost management, quantity surveying, and structural & civil engineering.
Rengen, a subsidiary of the Iesis Group, was launched in 2007 by chief executive officer Iestyn Lewis, who has a background in development and consultancy and experience in a variety of sectors such as fund monitoring, risk management, residential, student, hotel, office, retail and infrastructure.
As well as transforming Bath’s former Labour Exchange building on James Street West into a mixed-use scheme with 78 student rooms over three new floors and 4,000 sq ft of commercial space on the ground floor, Rengen has also developed 80,000 sq ft of Grade A office space in Southampton and a 250-bed purpose built student housing scheme in Falmouth.
Mr Lewis said: “This new partnership signals an exciting new chapter for property development in the region. At Rengen we pride ourselves on delivering outstanding developments across an array of sectors from student to commercial via many formats including refurbishments and new builds.
“We are thrilled to be working with Farleigh, who are already establishing themselves as a formidable property firm, and we look forward revealing details of our first joint project.”
Farleigh was launched in 2016 by Robert Mulligan and Oli Grove and the fledgling firm already has prominent residential schemes under its belt in London at East Dulwich and Golders Green and in Surrey at Weybridge and Walton-on-Thames.
Mr Mulligan started his first property business at 18 before moving to London to work for a developer. Mr Grove, a former professional rugby player with London Scottish and Worcester Warriors, has been involved in his family’s property development firm Earlplace for many years.
The company has previously worked in partnership with Prime City Developments and Rainier Developments on other schemes.
Mr Mulligan added “We are excited about working with the team at Rengen. Iestyn and the team have a wealth of experience in delivering quality developments and given this experience and our appetite to provide equity, the synergy between our companies was obvious. We fully intend to capitalise on this and are currently appraising a number of great new sites across the UK”
Pictured, from left: Iesis Group director David Steadman, Rengen managing director Peter James and chief executive Iestyn Lewis with Robert Mulligan and Oli Grove of Farleigh Property
