• Neil Bromage

The Great British Property Scam

Serious Fraud Office investigating A1 ALPHA Property Investment Scheme





SFO announces investigation into £150m investment schemes after dawn raid


  • The Serious Fraud Office (SFO) is investigating the Alpha and Green Park group of companies for suspected fraud and money laundering.

  • The SFO suspects the Alpha-branded companies of fraudulently misleading investors into purchasing leaseholds for student accommodation across the country.

  • Green Park-branded companies are suspected to be part of a similar scheme, selling leaseholds for holiday homes in Devon.

The Serious Fraud Office (SFO) is investigating the Alpha and Green Park group of companies for suspected fraud in relation to the companies’ student accommodation and holiday park developments.

On Wednesday, 29 September, following a six month covert investigation into the Alpha and Green Park businesses, the SFO carried out a series of co-ordinated raids, interviews and mandatory requests for evidence across the country.

Working with Cleveland Police, the SFO carried out formal searches on multiple properties, arresting and interviewing one suspect. At the same time, the SFO also issued several Section 2 notices, which force companies to provide relevant information.

The SFO suspects the Alpha-branded companies of fraudulently misleading investors into purchasing leaseholds for student accommodation in Leicestershire, Lancashire, Staffordshire and West Yorkshire. The Green Park-branded companies are suspected to be part of a similar scheme to sell leaseholds for holiday accommodation in Devon.

Alpha and Green Park branded companies sold investments into leasehold units between 2014 and 2019, promising investors 8-10% returns on their investment over the first 10 years. Over 1,500 investors from around 50 different countries invested an estimated £150 million into the leasehold schemes on the back of these guaranteed returns, but all stopped receiving these in 2018.

Meanwhile, the directors of the companies are thought to have made around £20 million from their schemes.

Commenting on the case, Mick Gallagher, Chief Investigator, Serious Fraud Office, said: “Thousands of ordinary people lose their pensions or life savings on risky schemes, while those at the top line their own pockets and enjoy a lavish lifestyle.


The Serious Fraud Office is committed to delivering justice for victims of fraud and corruption. We invite anyone who believes they have a connection with our investigation to come forward.”

Investigators will contact UK-based investors and ask them to fill out a questionnaire by 30 November 2021. The information provided will help the SFO to identify and pursue new information and to continue progressing the investigation as quickly as possible.


The full list of companies under investigation is below:

  1. Alpha Holdings (GB) Limited

  2. Alpha Properties (Leicester) Limited

  3. Alpha Developments (Leicester) Limited

  4. Alpha Developments (Preston) Limited

  5. Alpha Developments (Stoke1) Limited

  6. Alpha Developments (Bradford) Limited

  7. Alpha Developments (Loughborough) Limited

  8. Alpha Developments (Bradford2) Limited

  9. Alpha Developments (Stoke) Limited

  10. A1 Alpha Properties (Leicester) Limited

  11. Alpha Student Management Limited

  12. A1 Properties (Sunderland) Limited

  13. Alpha Homes Leicester Limited

  14. Alpha Projects (UK) Limited

  15. Alpha Developments (Huddersfield) Limited

  16. Alpha Developments (Stoke2) Limited

  17. AGP Holdings Limited

  18. Green Parks Finance Limited

  19. Green Parks (Westward Ho!) Limited

  20. Westbeach Invest Limited

  21. Studyrooms Direct LLP

  22. Westbeach Resort Limited

  23. Green Parks (Holdings) Limited

  24. Green Parks Holidays Limited

  25. Green Parks Holdings (Ilfracombe) Limited

  26. Green Parks Holidays (Ilfracombe) Limited

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