Residential Capital Markets Current Opportunities June 2013

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1 Residential Capital Markets Current Opportunities June 2013 savills.co.uk

2 Residential Capital Markets Savills Residential Capital Markets brings together a team of specialists across three key sectors to provide integrated solutions for all residential, student investment and development requirements. Our global network gives us an in depth knowledge of debt and equity sources. Our independent market knowledge enables us to match equity with opportunity for leading local, national and, international clients. Residential Capital Markets James Coghill Head of Residential Capital Markets +44 (0) (0) jcoghill@savills.com Residential Investment Peter Allen Head of Residential Investment +44 (0) (0) pallen@savills.com Piers de Winton +44 (0) (0) pdewinton@savills.com Student Investment Marcus Roberts Head of Student Investment +44 (0) (0) mroberts@savills.com Melanie Bailey +44 (0) (0) mbailey@savills.com Funding and Development Andrew Brentnall Head of Funding and Development +44 (0) (0) abrentnall@savills.com Charlie Weatherill +44 (0) (0) cweatherill@savills.com James Laverack +44 (0) (0) jlaverack@savills.com James Hanmer +44 (0) (0) jhanmer@savills.com Peter Blake +44 (0) pblake@savills.com Guy Halsey +44 (0) (0) ghalsey@savills.com Cheryl Jackson +44 (0) (0) cjackson@savills.com Adam Russell Associate +44 (0) (0) arussell@savills.com Eleanor McMillan +44 (0) (0) emcmillan@savills.com William Wright Valuer +44 (0) (0) wwright@savills.com Alicia Graham Surveyor +44 (0) (0) agraham@savills.com George Hepburne-Scott Associate +44 (0) (0) ghscott@savills.com Lizzie Whetman Associate +44 (0) (0) lwhetman@savills.com Davina Clowes +44 (0) (0) dclowes@savills.com Gary East HE Consultant +44 (0) geast@savills.com Will Hyslop Surveyor +44 (0) (0) whyslop@savills.com Savills Residential Capital Markets Lansdowne House 57 Berkeley Square London, W1J 6ER savills.co.uk/resicapmarkets

Residential Investment Opportunities Athena Court, 160-188 High Street, Straford E15 Recently completed landmark building 166 private residential

freehold basis Offers are sought in excess of 30m Estimated gross rent for the 166 private apartments when fully let: 3.

4% let All heritable interest (freehold) Average age of tenant is 74 Duke s Lodge, Holland Park Substantial freehold residential investment property

Tenancies, Assured Shorthold Tenancies and an Assured Tenancy Generating a gross income of 689,264 per annum Park Road, Regent s Park Freehold

2,250,000 subject to contract Church Road, Hanwell Attractive freehold residential property 6 self-contained apartments with Gross internal area

3 Residential Investment Opportunities Athena Court, High Street, Straford E15 Recently completed landmark building 166 private residential apartments offered with vacant possession 132 affordable units and 2 commercial units subject to 5 long leases Offered for sale as a single lot on a freehold basis Offers are sought in excess of 30m Estimated gross rent for the 166 private apartments when fully let: 3.1m per annum The Oak Portfolio The Oak Portfolio Offers in excess of 8,750,000 invited Gross income 707,715 per annum 99.4% let All heritable interest (freehold) Average age of tenant is 74 Duke s Lodge, Holland Park Substantial freehold residential investment property offering possible future redevelopment/refurbishment (subject to necessary consets) 27 residential apartments let to a mix of tenants to Rent Act Tenancies, Assured Shorthold Tenancies and an Assured Tenancy Generating a gross income of 689,264 per annum Park Road, Regent s Park Freehold residential investment property 5 Self-Contained Apartments with Current Passing Rent: 113,163 per annum (fully let) Offers are sought in excess of 2,250,000 subject to contract Church Road, Hanwell Attractive freehold residential property 6 self-contained apartments with Gross internal area (excluding communal parts) 5,334 sqft / 496 sqm Offers are sought in excess of 1,500,000 subject to contract Yuill Homes Shared Equity Portfolio Shared Equity Portfolio of 386 2nd charge loans Outstanding loans of c. 7,700,000 Majority of loans completed between

Student Investment Opportunities Wembley, London Freehold, completed in 2011, 435 beds Located adjacent to Wembley Park Underground Station providing access to west

30% NIY St Margaret s Flats, Durham Freehold student accommodation comprising 109 non-en-suite beds in 5 bed cluster flats The only privately operated purpose built

2010 Located within Granton Campus of Edinburgh College Nomination agreement with Edinburgh College 175 year long leasehold interest at a peppercorn rent Offers in

Benefitting from planning permission for a 190-bed hotel and c.

4 Student Investment Opportunities Wembley, London Freehold, completed in 2011, 435 beds Located adjacent to Wembley Park Underground Station providing access to west end in only 12 minutes Currently 99% occupancy Net income guarantee for the next 3 years Offers sought in excess of 45 million / 6.30% NIY St Margaret s Flats, Durham Freehold student accommodation comprising 109 non-en-suite beds in 5 bed cluster flats The only privately operated purpose built student accommodation in Durham Durham is a top 5 UK University Direct Let Seeking offers circa 6million Edinburgh College 110 en suite cluster bedrooms, completed in 2010 Located within Granton Campus of Edinburgh College Nomination agreement with Edinburgh College 175 year long leasehold interest at a peppercorn rent Offers in excess of 6,850,000 / 7.37% NIY SPV is available to purchase ^ Green Park, Bath Rare prime bath development opportunity for student, hotel or residential use. Benefitting from planning permission for a 190-bed hotel and c.28,500 sq ft office following demolition of existing vacant residential care home The site offers the potential for comprehensive redevelopment for a variety of uses including residential, student or hotel providing up to 133,250sqft of developable space. (STP); We are instructed to seek offers in excess of 7,500,000

Funding and Development Opportunities Project Fox England wide opportunity Approximately 20 regional sites across the UK Approximately 600

of up to circa 150 units in 2 separate blocks.

excellent transport links into London Bridge and Canary Wharf Project Frankel Opportunity to invest in a premium multifamily product in

Construction to commence in late 2013, completion in mid 2016 South Bank Place Opportunity to invest in a premium residential building on

5 Funding and Development Opportunities Project Fox England wide opportunity Approximately 20 regional sites across the UK Approximately 600 units VP value of circa 100m Phased completions Ability to influence design and specification Project Spring Forward purchase opportunity of up to circa 150 units in 2 separate blocks. Practical Completion from 2015 onwards Outline planning consent and detailed 1st phase consent due April 2013 Zone 2 location with excellent transport links into London Bridge and Canary Wharf Project Frankel Opportunity to invest in a premium multifamily product in Europe s largest CBD Iconic tower on the Canary Wharf Estate 56 storey tower providing circa 450,000 sqft NSA World class amenities Construction to commence in late 2013, completion in mid 2016 South Bank Place Opportunity to invest in a premium residential building on London s South Bank Redevelopment of the former Shell Centre Building 3 (one of six residential buildings) is designed as a rental investment block containing circa 200 private apartments Practical Completion expected between late 2016 and early 2017

Local, National, Global Savills offers a wide range of professional services throughout our network of over 500 offices and associates throughout the Americas, Europe, Asia Pacific, Africa

Coupled with over 100 UK offices and dedicated regional centres across the UK we are able to bring together our national experience and local knowledge to develop solutions to meet our

6 Local, National, Global Savills offers a wide range of professional services throughout our network of over 500 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. Coupled with over 100 UK offices and dedicated regional centres across the UK we are able to bring together our national experience and local knowledge to develop solutions to meet our clients individual needs. Keeping you informed Savills places enormous emphasis on market knowledge. We have one of the biggest dedicated Research teams, including key people who are often quoted as the voice of the industry. The knowledge we generate can give you a real edge in the market. Visit savills.co.uk/research for our latest research savills.co.uk

7 James Coghill Head of Residential Capital Markets Lansdowne House 57 Berkeley Square London, W1J 6ER savills.co.uk

Prime Residential Investment Opportunity Richmond Square

Prime Residential Investment Opportunity Richmond Square Richmond Road, Cardiff, CF4 3GA 010 Photo Investment Considerations 77 flats providing a total of 103 double bed rooms Current gross income 631,380