Cassidy Group lines up £500m of schemes over next two years

Cassidy Group worked on behalf of Edmond de Rothschild Real Estate Investment Management (REIM) on a £43m forward funding deal for Market Quarter, Rugby.

Market Quarter, a 360-apartment PRS and Build to Rent development close to Rugby town centre - Cassidy Group | BTR News
Market Quarter, a 360-apartment PRS and Build to Rent development close to Rugby town centre.

Real estate developer Cassidy Group reveals ambitious plans to deliver nearly 1,000 apartments over the next two years into the UK’s buoyant private rented sector.

The Midlands-based development company is also planning more than 3,000 student beds as it develops an exciting £500m worth of schemes aimed at long-term investors in the institutional, public and private equity capital markets.

The work, across nine projects in six cities, is part of an overall £1bn development pipeline as the company builds on its reputation for delivering high-quality investment opportunities.

Founded by brothers Patric and James Cassidy, the 35-year-old company specialises in identifying and acquiring land – and procuring the relevant planning permissions – in locations suitable for homes in the multifamily, private rented sector (PRS) and purpose-built student accommodation (PBSA) market. Cassidy Group delivers these projects to build, with its client then operating or taking ownership of the completed scheme.

“These are exciting times in the private rented sector – it’s one of the fastest-growing housing types in the country which is remarkable when you look back just five years ago, and it was barely heard of.

“Our team has acquired multiple sites across the UK in major cities like Sheffield and Nottingham to create large-scale developments from £50m to £100m in both the PRS and PBSA sectors. We have a pipeline of projects to build over the next two years that amounts to £500m, as part of a £1bn portfolio.

“These are good forward funding opportunities for investors looking for a long-term secure income. We develop the schemes on their behalf before they take over the ownership or operation – we ensure that we deliver on time and on program so that the apartments are ready to be rented.”

Patric Cassidy, Director, Cassidy Group

Highlights of the firm’s work includes the recently completed Market Quarter, a 360-apartment PRS/ Build to Rent development close to Rugby town centre, on the former Cattle Market site. Cassidy Group worked on behalf of Edmond de Rothschild Real Estate Investment Management (REIM) on the £43m forward funding deal.

“We’re very proud of Market Quarter – it’s our biggest PRS scheme and was delivered on time and on budget in January and I understand more than 50% of it is already let. When we saw it recently, one block was full, and people were moving into the second block. There is so much interest in these types of developments.”

Patric Cassidy, Director, Cassidy Group

As well as the Rugby development, the company is heading up further schemes in Nottingham and Sheffield.

In the PBSA sector, the company is proud of its flagship Deakins Place development in Nottingham, comprising 703 student bedrooms which were completed for the start of the academic year 2022/23.

Set in a shared landscaped garden fronting the River Leen, the development is close to the University of Nottingham’s Jubilee Campus and is now being operated by Student Roost, the UK’s third largest PBSA provider.

Now Patric and the team, based in Leamington Spa in Warwickshire, are looking forward to discussing further investment opportunities face-to-face with attendees at this year’s international real estate market event MIPIM, in Cannes.

“We have successfully worked closely with a variety of clients and investors over many years, delivering impressive schemes for large institutional investors and global funds. We can’t wait to continue to share the opportunities we foresee for end users in a range of high-quality investment projects in the UK.”

Patric Cassidy, Director, Cassidy Group

For more information about investment opportunities with Cassidy Group, please go to If you’d like to meet with the team at MIPIM, please email

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