Out-Law News | 28 Mar 2014 | 12:43 pm |
The partners plan to purchase sites across central London and build "more, much-needed homes". They have previously worked together on schemes in the capital including in Hackney and Wandsworth.
"This agreement shows a real vote of confidence in the Mount Anvil brand and team, and gives us even greater fire-power as we look to create more, high-quality Central London homes," said Mount Anvil chief executive Killian Hurley in a statement.
"The decision to continue our relationship with Ares reflects the close alignment of our values, the trust we’ve developed over the past four years and Ares’ track record of adding value to our business," Hurley added.
"With a history of delivering high-quality homes and a proven track-record of profitability, we’re delighted to continue our partnership with Mount Anvil, which is rapidly becoming one of the most respected brands in London residential property development," said Ares Management senior partner Bill Benjamin.
"Since 2010, we have been increasingly drawn to the residential market in London due to its attractive demographics, strong demand for housing, and its appeal to investors from around the world."