Greatest professional achievement: Buying his first house for £7,000 in Longsight in 1995 whilst studying at Manchester University. Property Route was born and Chowdery said that first purchase gave him the springboard to make bigger investments and the appetite to take greater risks.
Current business goal: To have a successful property portfolio worth £1bn by widening the company’s horizons and investing in more property in Central London and overseas.
Nabeel Chowdery established Property Route to help pay his way through university and now has a portfolio worth more than £170m. “My family has always been involved in property,” he said. Chowdery’s brother, Aneel Mussarat, owns MCR Properties and both made the Sunday Times Rich List in 2007. “While studying for my degree, I rented out properties to students to supplement my income,” he said. “I just kept buying more until I could break into the larger residential market.”
Chowdery’s residential portfolio is now worth £60m, and he has commercial stock worth £110m. Some big deals in London include a £10m residential development in Camden.
Closer to home, Chowdery invested £16m in Altrincham’s Grafton Mall shopping centre. Property Route has also branched out overseas, “I still own that first property in Longsight,” he said. “It holds real sentimental value to me.”
— Simon Binns
Salford Business School
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