Gareth Southgate splashes out £2.4million on properties for his growing investment firm

EX-ENGLAND boss Gareth Southgate has splashed out on a string of new signings – snapping up £2.4 million of properties for his growing investment firm.

Canny Southgate, 53, has bought five new homes for his buy to let company – which now holds £6.4 million of property.

AP

Gareth Southgate has splashed out £2.4million on properties for his growing investment firm[/caption]

Southgate’s company MAS Investment Holdings – which deals in “the buying and selling of real estate” – bought three apartments at a new development in Birmingham and two properties in Wimbledon, south-west London.

Southgate, who resigned as Three Lions boss last month, runs the firm alongside wife Alison. It now owns 16 properties.

The new flats in Birmingham cost between £367,000 and £450,000 each and average prices in the Wimbledon development of maisonettes was £667,000.

The latest signings are revealed in new paperwork filed at Companies House, which shows loans were secured against the properties.

And a source said: “Gareth is tactically astute on and off the pitch, and has stepped up his work on the properties side of things.

“He is hoping he has made good signings – and knowing him, he will have done and they will add a lot of value to the business.

“Gareth is going to have more time now to focus on business and make sure it is all a success.

“It is also a family firm, and he wants to make it work for his wife and their two children so that their futures are secure.

“Gareth will not be short of work offers but will also be able to focus on business away from the game.

“And this is a sign he is determined to make it work and be a huge success there too.”

Southgate’s firm, MAS, now owns eight apartments in Birmingham, four properties in London, and four in Manchester.

The financial statements show MAS Investment Holdings returning a £65,972 profit on its property dealings.

Southgate – tipped for a role in TV punditry – stepped down as England boss after the Three Lions lost in the Euros final to Spain.

He said it had been the “honour of my life” to manage the team after 102 games in charge and almost eight years at the helm.