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Y:Cube – if you’re part of the solution…

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Presentation on theme: "Y:Cube – if you’re part of the solution…"— Presentation transcript:

1 Y:Cube – if you’re part of the solution…
Simon Tanner: Head of Development; Y:Cube

2 The need meets the opportunity
Let’s step back in time Our need: affordable, good quality move on accommodation Serendipity: RSHP, SIG & the £60k house Inspiration: volumetric off-site construction Opportunity: the creative spark was lit Creativity: coming together of the need and the opportunity - Y:Cube was born

3 What is Y:Cube? Y:Cube offers
Affordable, move-on accommodation for single people High quality design delivered by world renowned architects Sustainable in its design and with a 60 year design life Scalable, able to be replicated in both design and delivery Y:Cube is A YMCA product (LSW own the IP with YMCA England) A YMCA signature project High profile and in demand

4 What is a Y:Cube?

5 Why Volumetric building?
Speed Five months to build Cost c£50k per cube c15% less waste of materials Labour, process, speed Quality Factory conditions BOPAS Certified Performance Energy and acoustically efficient 60 year design life deployable

6 Y:Cube – Mitcham 2014 Presentation title

7 Y:Cube Mitcham Prototype at Wimbledon – design, test, refine
Source funding Land acquisition Planning and consultation Commence building – March 2015 Official opening – 8th September 2015 Now at full occupancy

8 Y:Cube – hope becomes a home

9

10 Y:Cube Mitcham: inside & out

11 Y:Cube Mitcham – in numbers
37 units 26m2 36 for residential use £2.2m total build cost including land 12 year payback c£53k per cube 50:50 nomination rights with Merton Council 65% market rent (£148pw) £10pm to run

12 The Y:Cube Venture Presentation title 2014

13 Y:Cube – challenges & drivers
The challenge we faced: Take advantage of the interest and momentum we had established from all quarters Share the benefit of our experiences To increase the availability of affordable accommodation, not just in our patch, thereby meeting the Association’s vision and mission Develop a viable, credible business

14 The Venture: Structure
Each supplier has a direct contract with the client; taking responsibility for their specific role YMCA LSW manages the client relationship and oversees delivery of the project Client works through YMCA LSW, but has a direct contractual relationship with all providers Client YMCA LSW Construction Partner Aecom RSHP

15 Y:Cube – Flexible Potential
Presentation title 2014

16 Potential Enormous potential for Y:Cube - move on; young people; elderly; learning difficulties Provides great quality, affordable and sustainable homes, delivered quickly. Other analogous products now being developed using the same construction methods as Y:Cube: Y:Homes – a two or three bed version, Y:Space – a bespoke community or youth facility

17 A flexible solution A couple of live examples
SW London & central London clients A) Old community centre Shortage of affordable housing Viable solution #1… B) Constrained site – huge need A viable solution #2…

18 A flexible solution

19 A flexible solution

20 A flexible solution

21 Y:Home (2 bed unit)

22 Y:Home (alternative 2 bed unit)

23 Conclusion Presentation title 2014

24 Summary Y:Cube Momentum Established Demand exists Stakeholder support
Viable Business opportunity Credible business partners Robust structure Collateral benefit for YMCA LSW High quality Product

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