Presentation on theme: "Kathleen Boyle Director of New Business. Investment Partner No cross-subsidy from general needs No shared ownership or outright sale Small landbank Borrowing."— Presentation transcript:
Investment Partner No cross-subsidy from general needs No shared ownership or outright sale Small landbank Borrowing facilities in place for current programme Internal Rate of Return model for assessing scheme viability Development Programme
What have we built? Borough client groupunits configurat ioncommunal facilities New build Hillingdon (YTL) LD121-beds offices x 2, communal lounge and kitchen, 1 flat for staff sleep overs. Extra communal space on 1st Floor. Large Reception area and storage for wheelchairs on each floor. Very large outside landscaped space with accessible paths and disabled parking. Tower Hamlets (SH) DV14 bedsits, 1- beds, with adjoining doors Playroom, (including a wet play area), Study/quiet homework room. Communal/Group work room. 2 offices, 2 key working rooms). Pram storage, extra toilets/baby change. Courtyard/ play area. Childproofing and safety measures
What have we built? Borough client groupunits configura tioncommunal facilities New build Tower Hamlets (JLH) YP101-bedsOffice, patio Redbridge (GD) SH91-bedsOffice, garden Tower Hamlets (MJH) LD211-beds one ground floor unit will be an office that can be used for keywork/ activities. Outside patio area.
refurb Tower Hamlets (CS)MH131-bedsnone Tower Hamlets (CS)LD121-beds none, but one flat used as office and sleep-in part-refurb, part new build Newham (FA) MH/LD/ intermediate rent641-beds office, large community space, artists studios
Ready-built units with tiny flats Large complex schemes with individual budgets Sites not in key boroughs Sites with dodgy contractors Sites where the IRR just doesn’t come near enough… What have we passed on?
What has changed significantly? The availability and price of private finance The financial stability of contractors What has started to change? The price of land What we’re all waiting for? The grant rate What has changed?
Design / communal facilities Types of contract (target price or fixed price) Market testing of contractors Likelihood of revenue funding Personalisation Things to think about