Residential Capital Markets Current Opportunities June 2013 savills.co.uk
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) 20 7409 5994 +44 (0) 7967 555847 jcoghill@savills.com Residential Investment Peter Allen Head of Residential Investment +44 (0) 20 7409 5972 +44 (0) 7968 550311 pallen@savills.com Piers de Winton +44 (0) 20 7016 3816 +44 (0) 7807 999176 pdewinton@savills.com Student Investment Marcus Roberts Head of Student Investment +44 (0) 20 7016 3799 +44 (0) 7807 999187 mroberts@savills.com Melanie Bailey +44 (0) 20 7016 3823 +44 (0) 7870 999666 mbailey@savills.com Funding and Development Andrew Brentnall Head of Funding and Development +44 (0) 20 3320 8221 +44 (0) 7967 555578 abrentnall@savills.com Charlie Weatherill +44 (0) 20 7409 8824 +44 (0) 7870 999337 cweatherill@savills.com James Laverack +44 (0) 20 7016 3770 +44 (0) 7807 999156 jlaverack@savills.com James Hanmer +44 (0) 20 7016 3711 +44 (0) 7967 555897 jhanmer@savills.com Peter Blake +44 (0) 7870 999338 pblake@savills.com Guy Halsey +44 (0) 20 7409 5977 +44 (0) 7812 965492 ghalsey@savills.com Cheryl Jackson +44 (0) 1312 473 726 +44 (0) 7967 555829 cjackson@savills.com Adam Russell Associate +44 (0) 20 7016 3796 +44 (0) 7812 965507 arussell@savills.com Eleanor McMillan +44 (0) 20 7016 3790 +44 (0) 7807 999007 emcmillan@savills.com William Wright Valuer +44 (0) 20 7016 3765 +44 (0) 7967 555539 wwright@savills.com Alicia Graham Surveyor +44 (0) 20 7016 3892 +44 (0) 7870 999494 agraham@savills.com George Hepburne-Scott Associate +44 (0) 20 7016 3761 +44 (0) 7968 550401 ghscott@savills.com Lizzie Whetman Associate +44 (0) 20 7016 3863 +44 (0) 7807 999174 lwhetman@savills.com Davina Clowes +44 (0) 20 7016 3838 +44 (0) 7812 965467 dclowes@savills.com Gary East HE Consultant +44 (0) 7702 260108 geast@savills.com Will Hyslop Surveyor +44 (0) 20 7016 3767 +44 (0) 7812 965456 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 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 2009 2012
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 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
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James Coghill Head of Residential Capital Markets Lansdowne House 57 Berkeley Square London, W1J 6ER jcoghill@savills.com savills.co.uk