2015, VanHan’s third year, saw successful transactions worth up to £40 million, resulting in a total sale amount of over £100 million in prime central London. Last year, the transactions had doubled, with three £50 million properties sold and exchanged in less than nine months.
The recent sterling crash also brought in a lot of interest from international buyers holding their money in US dollars, mainly from the US, South America and the rest of Europe.
With a high volume of transactions and a number of significant projects in the pipeline, the growing firm has recently extended its reach to other parts of the property world as well, having recently opened its commercial division and a specialist lettings team.
The managing director at VanHan is an economics graduate, who trained as a chartered surveyor at Grosvenor and gained experience in investment management and private equity. He says his credentials add an edge to the firm’s offering. ‘My partner Tom van Straubenzee and I are both financially-literate and qualified surveyors. An understanding of cashflows on the residential side is rare,’ he says.
Their discreet presence is liked by many, who approach the firm by word of mouth. ‘Our clients don’t want their private lives or real estate branded on a corporate website,’ Penn previously told Spear’s.