LEICESTER – Portico Invest is proud to announce the successful completion and first exchange on an apartment within its highly anticipated Leicester development, The Vera Mitchell Building. This milestone marks a significant moment for the project and provides a powerful reassurance to both current and prospective investors.

The Vera Mitchell Building, strategically located less than 200m from De Montfort University and in close proximity to Leicester Royal Infirmary, is poised to meet the city’s growing demand for high-quality, modern accommodation. The development is a multi-level building rising from a leafy residential street, offering studios, one-bedroom, and two-bedroom apartments. With a fully-funded development and a reputable developer at the helm, the project has attracted strong interest since its inception.

The Significance of the First Completion

For off-plan property investment, the first completion is a crucial moment. It represents the transition from a blueprint to a tangible, income-generating asset. While off-plan investments are known for their potential for capital growth and discounted pricing, they also involve an element of trust in the developer’s ability to deliver. The completion of the first unit validates that trust.

“The first completion is a huge vote of confidence,” said a spokesperson for Portico Invest. “It’s the moment our investors see their vision become a reality. This first exchange demonstrates that the project is on track, the build quality is high, and the apartments are ready for tenants. It significantly de-risks the investment for those who may have been waiting for a proof of concept.”

This event provides concrete evidence of the developer’s commitment and capability, offering a strong sense of security to those who have already invested and encouraging new buyers to act with confidence. It transforms the investment from a future promise into a near-term reality.

Why Now is a Good Time to Invest

With the first completion achieved, the final units in The Vera Mitchell Building are expected to be in high demand. While some of the initial off-plan benefits—such as the deepest discounts—may have already been realized by early investors, there are still compelling reasons to secure an apartment now, before the development is fully sold out.

1. Reduced Risk: The successful completion of the first unit eliminates much of the risk associated with off-plan developments, as the physical asset is now a reality. This makes it easier for investors to secure financing and provides peace of mind.
2. Imminent Returns: For new investors, purchasing a remaining unit means that rental income is a much closer reality. The apartments are built to a high specification, making them highly attractive to tenants, particularly the professional and student populations in Leicester. The location, close to major employers and universities, ensures sustained rental demand and strong yields.
3. Capital Appreciation: Leicester’s property market has shown resilience and growth, with forecasts predicting strong capital appreciation over the next five years. Securing a unit now allows an investor to benefit from this growth, as the value of the property is likely to continue to rise as the city’s regeneration schemes take hold.

Portico Invest encourages interested parties to act swiftly. The opportunity to invest in The Vera Mitchell Building is closing as the remaining apartments are sold.

For further information and to inquire about the remaining units, please complete the form below and one of our expert consultants will call you back to arrange your FREE, no obligation, consultation.