‘’Buy to Let’’ Properties was the foundation for the creation of The Prosperity Group. While studying at University of Surrey Mr Alexandrou identified a huge need and shortage of properties suitable for student housing.
Following his studies in 2000, he started purchasing single properties, converting them into HMO’s and renting them out to students. The demand was overwhelming and therefore following the purchase of his first 6 properties he created The Prosperity Group as a holding company. At its peak in 2012 the company was holding and managing directly and through Cypriot subsidiaries 12 HMO’s totalling 65 units.
This successful initial project had an annual IRR in excess of 14% and when sold it provided all the necessary equity to expand into developing empty plots of land initially within Surrey (Guildford, Kingston & Weybridge) and then in London, UK.