XP Property is a Business Reporter client.
Ben Richards and Jack Jiggens have created an ecosystem of six- to eight-figure companies that have thrived despite adversity in recent years.
XP Property, led by founders Ben Richards and Jack Jiggens, has not only made its mark on the UK property market with award-winning, high-performing development projects, but also has an extensive portfolio of related commercial ventures in the property sector.
Between 2018 and 2024, XP Property has been involved in over £80m worth of property transactions across London and the Home Counties, raising £14m in equity and over £40m in debt funding to date. XP has strong aspirations to continue to grow this into a £50m property development portfolio for delivery at any given time, meaning a significant opportunity for investors to get involved.
Unlike some property investors and educators who offer joint venture partnerships, Ben and Jack come from a professional property background so have the experience, knowledge and expertise to deliver. Ben graduated with a Masters in Architectural Engineering before working as a Technical Manager for Berkeley Group, while Jack is a third-generation property developer with a background in project management and practical tools, working on large office fit-outs in the city, following stints in contracting following his Business and Marketing degree.
Winners of the Property Deal of the Year at the 2022 Property Investor Awards and other accolades, this dynamic duo is going from strength to strength working with investment partners with little time and experience, but plenty of cash, in a joint venture. Their previous investment partners have been banking and finance specialists, business owners, entrepreneurs, family offices and fund managers who have invested with XP in both equity and debt transactions.
Ben and Jack, both in their thirties, are looking to work with ambitious investment partners who can grow with them over the coming decades. Could that be you?
But it’s not just XP Property. Ben and Jack also run a number of complementary businesses with vertical integration at the heart of their ecosystem:
A social housing portfolio of over £20m that demonstrates a commitment to community wellbeing and sustainable housing solutions. This portfolio derives its stable income from the Universal Credit scheme with long-term commercial leases with registered social landlords operating the portfolio.
This multi-award-winning design firm of over 15 talented architects and designers, based in Clapham, London, specialises in high-end architecture and interior design, enhancing both the aesthetics and functionality of homes.
It provides accurate property and land measurements to streamline development processes and inform investment decisions. With a unique algorithm-based quoting tool, XPS is revolutionizing an otherwise antiquated industry with the systems and processes it is building.
This forward-thinking co-living company focuses on property management and building luxury shared housing portfolios in Oxfordshire. With this in-house team of property managers, all assets handed over and held by XP Property are in safe hands.
This rapid growth across multiple businesses would not have been possible for Ben and Jack without their formidable team of over 30 employees and the advice of experienced non-executive directors and board advisors.
A notable example of XP Property's investment acumen is the development of a block of 14 apartments in Abingdon.
The property, which was originally purchased for £1.5m, underwent renovations totalling £450,000. These strategic improvements significantly increased its value, allowing for a refinancing and a final valuation of £3.45m. This smart investment generated a return of over 200 per cent on the original capital in less than three years.
“The Abingdon project highlights our expertise in maximising property value and investor returns through strategic development and management,” Richards said. “It is a model for how we approach every project, applying a combination of innovation, optimisation and design excellence.”
As XP Property and its associated companies continue to grow, Ben and Jack remain leaders in real estate expertise focused on exponential growth, proven expertise and expanding their portfolio across both the residential and commercial sectors.
“Our integrated business model, combining real estate development with our other ventures, not only strengthens our market position, speed and quality control, but also offers our investors diversified and robust investment opportunities,” explains Jiggens.
Investors looking for a dynamic and reliable platform in the UK property market will find XP Property and its subsidiary companies an attractive option. The synergy between these companies improves profitability and ensures a comprehensive approach to each project.
If you would like to discuss any of XP's past or current projects, please contact us or join the investor waiting list at www.XPProperty.co.uk/investwithus to be the first to hear about some of their exciting pipeline projects.
To follow Ben and Jack's journey through the ups and downs of real estate development and entrepreneurship, tune in Property XPerts on YouTubeLive every Friday at 5pm, and in audio on Spotify and Apple Podcasts.
