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Theatre Quarter development scoops award!

 Theatre Quarter development scoops award!

Congratulations to Heart of Medway Housing Association, part of mhs homes, who triumphed in the New Build category at the Medway Culture, Design and Tourism awards


The Theatre Quarter development, transformed the old Theatre Royal in the Centre of Chatham and took the top prize. The development contains 26 one and two-bedroom apartments, including two adapted for wheelchair users, and was available for rent and shared ownership. It was completed in March 2015. 


Red Loft were delighted to be the sales and marketing agents for the shared ownership units. The scheme launched in October 2014 and was all reserved within a few weeks.


With an average value of £141,625 and shares starting at 35%, purchasers were able to buy a share for as little as £46,200, and the first purchasers moved in within a week of completion.


The development gave local people an opportunity to buy their first home with 7 out of 8 purchasers living in the Medway area.  lva Klasupa and Juris Nesterovs, who lived in the area and work in Chatham, said: “We are so excited about our new apartment. It is spacious and we love having two separate bedrooms and an open plan living area. It also has large windows, which let in lots of light.  Our friends are able to visit us easily from London and we have everything we need on the doorstep. We feel like we are finally investing in our future.”






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