Because emptiness is the enemy of good (Oscar Wilde)

We develop your property project.

WE MAKE YOUR
PROPERTY PROJECTS A REALITY

For almost 15 years, we have built green buildings and commercial real estate. It is mainly our real estate advisors that represent Parasite Real Estate . More than 20 people work under the Parasite brand in 2 countries and at more than 50 locations. Together they embody our values: competence, exclusivity, and passion.

Competence

Every property acquisition and sale is unique and therefore deserves an individual approach. Our client requests have the upmost priority. We provide consistent service quality throughout all our services.

Exclusivity

As well our strong premium brand presence, our unique and expanding international network gives us access to an exclusive client base. We feel at home where the discerning feel comfortable.

Passion

Real estate is our passion. We have a team of the very best agents, all of whom undergo comprehensive training and professional development at our in-house Parasite academy.

Our story

Parasite Real Estate was founded in Manchester in 2009 by two real estate agents. Founded in this former mining and industrial bastion, the company boasts a strong entrepreneurial vision forged by local history. Having experienced severe difficulties with deindustrialization, the town has been engaged since the 2000s in a vast urban renewal program aimed at transforming the town into a creative center after the bottom line of real estate prices. This process, in which the founders took part, convinced them that the city’s industrial past holds the potential for the future. Over the last few years, Parasite Real Estate has been working in other cities with similar trajectories, which have embarked on processes to transform their urban fabric: Sheffield or Birmingham in the UK and Mulhouse or Roubaix in France.

Our vision

Parasite Real Estate is an english company specializing in the purchase and resale of abandoned buildings. We work mainly in former English and French post-industrial cities. Convinced that we can improve the well-being of our cities by starting with what already exists, we seek out unused buildings to give them a second life. Working with the best local renovation companies, we seek out land with high potential and transform it into modern, environmentally-friendly buildings ready to meet the urban challenges of the future. 

As project developers, we increase the attractiveness of your property.

Jakob, CO-FOUNDER

successful projects
+
vacancy rate
%
investment value
Mio. €

We design
your property projects

Portfolio

As at mid-2023, PARASITE REAL ESTATE held a total of 11,161 rental units, mainly located in Greater Manchester. They cover a total area of 49,000 square meters, divided in approximately 1000 rental units. The contracted rent/square meter/month averaged is EUR 7.28 at the end of the reporting period, while the vacancy rate (excluding units under renovation) reached 1.6%. The market value of this portfolio calculated in accordance with IFRS amounted to EUR 118 million at the end of June 2023.

Moss Side. Manchester, United Kingdom.

This abandoned barn has been transformed into a lovely, fully-equipped traditional house.

Hulme. Manchester, United Kingdom.

This former stable is now an elegant five-room house.

Hommelet. Roubaix, France

This unused factory has given rise to 6 luxury lofts.

Bergson. Saint-Étienne, France.

New breath.

Kelham Island. Sheffield, United Kingdom

This former hangar now houses artists' studios.

Contact

Parasite Real Estate

106 – 122 Market St
Manchester M1 1WA
United Kingdom

Develop your property project together