Ask Developments Acquires Abito
Innovative property developer Ask Developments has
announced the total acquisition of its subsidiary
company Abito to further strengthen its expanding
residential arm, Ask Life.
Ask Developments, which owned 85% of Abito, purchased
the remaining 15% share to wholly own the company, which
was set up in 2004 to provide realistically priced
accommodation for young professionals and first-time
buyers in city centres.
The Abito brand, identity and product - including the
completed scheme at Greengate and the second at Salford
Quays, is already integrated into Ask Developments’ own
overall brand and will fit seamlessly into the Ask Life
residential portfolio, headed up by Director Duncan
Bowman.
Abito’s Managing Director Les Lang will be leaving to
run a new development venture and will create new
mixed-use product throughout the UK.
To be based in the North-West, Les will be leaving the
company at Christmas and said: “I am looking forward to
an exciting challenge ahead but I have had a wonderful
experience at Abito and I believe I have left a
fantastic product for the team to continue expanding.”
Duncan Bowman, Director of Ask Life said: “The whole
Abito concept will remain as it always has, and through
this acquisition we will be able to streamline it with
Ask Life, proving quality apartments and innovative
housing solutions - and develop a more efficient
business. It is a very exciting prospect for us.”
Two new appointments for a land development executive
and personal assistant will be announced shortly, to
allow the company to expand Abito across the UK.
Abito has already won plaudits for its design concept,
scooping four awards in the last six months, including
Residential Developer of the Year at Insider Property
Awards North West 2007, Concept for Living’s Best New
Build Apartment, Premier Excellence Awards’ Best
Apartment Development in the UK and Property Executive
North’s Residential Award for Excellence.
Chief Executive of Ask Developments, Ken Knott said: “We
will be very sad to see Les go, as we value greatly the
contribution he has made to the company. He has built a
superb brand which will be integrated into the
residential arm and further strengthen this sector. We
wish him all the success in his new venture.”
Email:
caty.cartwright@skvpr.co.uk
Arundel Jones Associates Ltd
Hill Farm, Linton Hill, Maidstone, Kent ME17 4AL
Tel : 01622 745333
news@buildingdesign.co.uk
Registered in England and Wales No. 07334149
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