Since we last caught up with Arcvelop Investor Group (AIG), the company has not only successfully completed the projects that were in development 12 months ago but has also commenced a pipeline of other exciting projects.
“As a company we’re always looking to improve year-on-year and take on every larger and more complex developments,” explains Marc Turnier, one of the three directors of Arcvelop along with Andrew Graham and Michael Clay. “We’re happy with the progress we’re making, particularly with the challenges that the wider market is facing due to the interest rate situation.”
Further underlining the upward trajectory Arcvelop is on, the company has recently strengthened its capabilities by bolstering its employee numbers.
“We’ve added two very talented team members, a Design Director, Alastair Cross, who heads up all the architecture work and manages the team on that side,” outlines Mr Turnier. “We have also added a new development associate, Lewis Kennedy, who is looking after all our asset management and helping out with all the development management on site.”
Arcvelop’s growing team underline the fact that it is going in the right direction, as does the fact that it is taking on ever larger projects. It is currently coming to the end of a development in Ramsgate in Kent that has seen the conversion of a 18,000 sq ft Grade II listed office building into 24 flats. All the tenants are ready to move in following a comprehensive marketing campaign.
Another successfully completed project includes the conversion of an old motorcycle facility in Norwich into nine residential units and one commercial corner unit, while a former council building in Kent and its car park has been converted into 40 units.
A significant element of Arcvelop’s success has been the team of people that the company has put together. “You’ll never be able to avoid challenges, it’s more a case of how you overcome them. Having the right individuals in place is crucial to achieving that.
“We’ve got Architects in-house, which really speeds up the process, particularly in terms of planning. We can make decisions extremely quickly, as it’s a real team effort in conjunction with our builders.
“The situation surrounding interest rates has made the market quite tough in recent years, but we don’t worry too much about the wider picture. Instead we get our heads down and focus on what we’re doing. If we can prosper during tough times, we’ll be much better positioned when the market improves.”
In terms of other forthcoming projects, Arcvelop is converting a former NatWest bank into seven residential units in Margate, while it also has received planning to convert a former Sawmill in centre of Sheffield into six industrial-chic apartments and also build 12 new build apartments on the neighbouring car park they managed to aquire within the same deal.
“Moving forward, we want to improve how we operate and create better designs so that we can produce even more desirable developments that will have a positive impact on local areas and their communities,” concludes Mr Turnier. “It’s all about ensuring high levels of consistency by taking the right approach and having the correct people in place.”
Given its track record of successful projects and the expansion of its team, there are clear signs that Arcvelop will continue to build on its growing reputation within the marketplace in the months and years ahead.