08 November 2007

Why Are Property Developers Turning Into Landlords?

Aquacor is a CT based property developer. They've just completed Metrolpolis which has been shoehorned onto a piece of land with two other developments (and the whole thing with these apartment blocks smooshed into one another like a wedding cake collision looks u g l y).

Now if you have a look at these rental ads (1, 2, 3, 4) you'll notice that in the email address it's Aquacor renting these apartments. So why is a property developer, who has to sell the units to realise the greatest profit, renting them out?

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