10 ISSUES COVERED IN 90 MINUTES THE ELEPHANTS IN THE BUILD TO RENT ROOM

Transcription

1 10 ISSUES COVERED IN 90 MINUTES THE ELEPHANTS IN THE BUILD TO RENT ROOM

2 THE ELEPHANTS IN THE BUILD TO RENT ROOM This practical workshop has been created to help you address the elephants (i.e. issues) that could get in the way of your company s successful Build to Rent strategy. A carefully chosen team from Bryan Cave Leighton Paisner (BCLP) will guide you through an interactive 90 minute session hosted in our very own Build to Rent living room! We will tailor the content based on your experience and objectives. Cover all 10 elephants, or choose a smaller number of elephants to cover in more detail. Just let us know. We can provide you with unique market insights on the following elephants: 1. AN ENGLISHMAN S HOME IS HIS CASTLE 2. HOW DOES EFFICIENCY HELP MAKE A SCHEME VIABLE? 3. DESIGNED TO RENT - OR ADAPTED STOCK? 4. WILL THERE EVER BE ENOUGH STOCK? 5. HOW DO YOU NAVIGATE THE PLANNING SYSTEM? 6. CAN YOU FINANCE THE DEAL? 7. DOES TAX GET IN THE WAY? 8. DOES PLACEMAKING HOLD THE KEY TO ENHANCED RETURNS? 9. WHAT S THE RIGHT APPROACH TO MANAGEMENT? 10. WHY IS CUSTOMER FOCUS SO IMPORTANT? THE KEY DETAILS TIME: 90 minutes PRESENTERS: Tell us your key challenges and we ll organise the most relevant and experienced lawyers VENUE: BCLP s BTR living room Adelaide House, London Bridge, EC4R 9HA : Tell us about your experience in the sector and we ll make sure the content is spot on BOOK YOUR WORKSHOP Call: btr@bclplaw.com Visit:

3 AN ENGLISHMAN S HOME IS HIS CASTLE DESIGNED TO RENT OR ADAPTED STOCK? Can UK Build to Rent schemes persuade Brits to accept renting as a lifestyle choice? The importance of customer service Lessons from America s Multifamily industry Multifamily amenities and features International interest in UK Build to Rent Top considerations for contract structures Issues affecting schemes designed and built specifically to rent, and schemes adapted from existing stock. The importance of specification and its impact on contracts Tailored new home warranties Is it a two tier market? Due diligence and common pitfalls HOW DOES EFFICIENCY HELP MAKE A SCHEME VIABLE? How design and management can help drive efficiencies and maximise returns. A realistic percentage loss in gross to net Key areas that help maximise building efficiency The importance of an on-site management team What s the right approach to valuation? Service charge issues to watch out for WILL THERE EVER BE ENOUGH STOCK? Issues around reaching scale and volume. Competition with house-builders Benefits of including Build to Rent in your scheme The elephants in the Build to Rent room BOOK YOUR WORKSHOP Call: btr@bclplaw.com Visit:

4 HOW DO YOU NAVIGATE THE PLANNING SYSTEM? What are the special characteristics of Build to Rent housing and will local authorities recognise the benefits? The challenges peculiar to Build to Rent Affordable housing and discount market rent Use covenant considerations S106 issues and phasing DOES TAX GET IN THE WAY? The tax traps to look out for - and how to mitigate them. Is there a VAT trap in your structure? SDLT how do you minimise the cost? Current developments how will interest deductibility and capital gains tax changes affect the market? What is the best holding structure, and are offshore holding structures a thing of the past? What is next for Build to Rent taxation? CAN YOU FINANCE THE DEAL? Key steps to implement your funding strategy. The issues that can affect loan security and documentation Valuation and financial covenants Security implications that arise from planning conditions The Government guarantee regime Investment funds, platforms and corporate opportunities DOES PLACEMAKING HOLD THE KEY TO ENHANCED RETURNS? The (largely unrealised) benefits of a large mixed-use development. Mixed-use deal structures The impact on Build to Rent viability Issues that arise on large scale residential mixed use schemes The elephants in the Build to Rent room BOOK YOUR WORKSHOP Call: btr@bclplaw.com Visit:

5 WHAT S THE RIGHT APPROACH TO MANAGEMENT? Different management options - and key issues to plan for. How to achieve your specific management requirements Service level requirements Fee arrangements and incentives around maintenance expenditure Reputational issues, data protection and right to rent Management agreements BOOK YOUR WORKSHOP Call: btr@bclplaw.com Visit: WHY IS CUSTOMER FOCUS SO IMPORTANT? The customer-led ethos at the heart of successful schemes and customer-led risks to watch out for. The level of services and amenities on offer Key risks and issues, including tenant passports and all-inclusive rentals Approaches to tenancy agreements Getting the right certificates and information packs at the outset Regimes for defect rectification The elephants in the Build to Rent room

6 MEET SOME OF OUR TEAM Andrew Yates Commercial Real Estate T: +44 (0) Ruth Miller Commercial Real Estate T: +44 (0) Deepa Deb Commercial Real Estate T: +44 (0) Naveen Vijh Head of Real Estate Finance T: +44 (0) Georgia Snaith Associate Director Real Estate Finance T: +44 (0) Eleanor Hunwicks, Structured Debt & Capital Markets T:+44 (0) Nazir Dewji Non-Contentious Construction T: +44 (0) Giles Pink Associate Director Planning T: +44 (0) Matthew Poole Corporate Tax T: +44 (0) Prashanth Satyadeva, Head of Structured Debt & Capital Markets T: +44 (0) Justin Cornelius Investment Management T: +44 (0) Adam Bogdanor Corporate Finance T:+44 (0) The elephants in the Build to Rent room BOOK YOUR WORKSHOP Call: Visit:

7 Getting in touch When you need a practical legal solution for your next business opportunity or challenge, please get in touch. London Adelaide House, London Bridge, London EC4R 9HA England Andrew Yates T: +44 (0) andrew.yates@bclplaw.com