May 21, 2019

Kamani Property Group – Demonstrating consistency

Following its success at the 2018 Insider’s Young Professionals Awards, where CEO, Adam Kamani, was named Young Property Professional of the Year, this year the Kamani Property Group narrowly missed out on repeating the feat after being short-listed within the Young Professional Team of the Year category. The fact the Manchester-based business was once again in the running for an accolade that celebrates employee excellence highlights its strength in-depth and the quality of its team. Despite not winning, the company was proud to be short-listed, as it was a very strong category.

“The recognition means so much to the company and the valued team behind its continued growth and success,” explains Mahesh Patel, CFO. “It gives an opportunity for our team to not only be valued by the company’s directors but also by independent people. Our company’s ethos is not only to showcase our property assets but also demonstrate our human assets without whom we would not be here today. This recognition should make them feel proud about what they have achieved for the Group.”

Although its roots and major investments are in Manchester, Kamani Property Group is a global leader in the ownership of commercial, residential and industrial buildings with assets spanning major cities across the world including London, Mumbai, Dubai and New York. Its portfolio includes proven assets of national and international renown in key locations. This level of success has only been made possible by the strong team of individuals the company has put together.

Kamani Property Group has 25 employees as part of its property team consisting of management, support, accounts and technical personnel. It has become known for its long-tenured and well respected senior management team and its professional approach, where business ethics, transparency and well-established relationships have proven to be the cornerstone of its success. Employment at the Group is considered the pinnacle of an employee’s career due to its leadership position in the industry and its core beliefs, which are centred around togetherness, team spirit, transparency, appreciation and reward; in the process enabling it to attract industry experts.

“The recognition means so much to the company and the valued team behind its continued growth and success. It gives an opportunity for our team to not only be valued by the company’s directors but also by independent people.”

Mahesh Patel, CFO

With services ranging from property management, property maintenance, project planning, planning applications and tenant support, development is also a major part of Kamani Property Group’s business. It is currently working on some exciting projects in the centre of Manchester including the development of a new six-storey office block in the city’s Northern Quarter development that has been granted full planning permission after two years of challenges. The Local Authority had strict guidelines for the facade that had to be interpreted precisely with a substantial amount of research being undertaken to ensure full compliance. The facade incorporates not only brickwork but also stone, fabrication and metal. 

Although the Brexit situation is providing ongoing uncertainty, Kamani Property Group is finding the current marketplace to be resilient, robust and positive. The centre of Manchester is continuing to see the construction of an increasing number of hotels, residential schemes, apartment blocks, retail/leisure space and offices with the city extending out in all directions as the likes of Salford and Ancoats become ever more desirable areas to work, rest and play. 

Chorlton Street kitchen

The weakness of the British currency is still facilitating international investors enjoying good value in terms of investment cost and rental returns. Demand remains strong in the area and this is also being driven by millennials who are keen to work in the city but also want to live nearby. Manchester is still regarded as a low cost base area and many corporations are moving their operations into the city.

Kamani Property Group’s strategy is diverse and does not specialise in one area like some of its competitors. It believes work, rest and play all go hand-in-hand and as a consequence its properties are a mixture of office space, living space and retail/leisure space. Despite the progress it has been making, there continues to be a number of issues to contend with, particularly planning permission, which remains the biggest challenge because of the sheer volume of construction, regeneration and refurbishment projects that are taking place in the area, meaning the process is taking much longer to get over the line.

Challenges aside, the main aim for the Kamani Property Group in the near to medium term is to invest in major construction and redevelopment projects in Manchester. Longer term objectives involve turning this heavy CAPEX into long-term rental generators. An exciting retail, food and drink market hall has been earmarked for the Piccadilly area of the city. The 32,000 sq ft of space will house niche food and drink brands, together with areas designated for corporate nights out including a boutique cinema and bowling alley. Work on the project will commence in 2020.

Thanks to the quality and comprehensiveness of the service it can offer, Kamani Property Group’s customer base is diverse and includes independent retailers, residential tenants, start up companies, professional service providers and Blue Chip companies. It is therefore well placed to continue making the most of experience and expertise it has amassed within the business, while further award recognition can surely only be a matter of time too.