Private Rented Sector

Our success

Site identification

Scheme:
Sovereign Housing Portfolio
Client:
Sovereign

Portfolio Acquisition. New build, conversion and operating assets acquired in Bristol, Bath, Reading, Newbury, Oxford, Bracknell, Cheltenham since 2012.

Development consultancy and underwriting

Scheme:
New build PRS Tower, Barking Town Centre
Client:
Coplan Estates

Retained by Coplan Estates to advise on their pipeline of PRS schemes, including securing funding for their 200 unit scheme.

Planning

Scheme:
Infinity Tower, London
Client:
Essential Living

Appointed to amend an extant planning permission to allow conversion to private rented sector. GVA provided strategic planning advice to help unlock the site for development and in late 2015 successfully renegotiated affordable housing liability via Section 106BA. Consists of 414 apartments.

Project management

Scheme:
McMillan House
Client:
Akelius Residential Limited

GVA is the project manager and employer’s agent for Akelius’ flagship UK site. Located in Cheam, the former office building has gained permissions for conversion into 46 residential apartments including the addition of balconies to the rear of the property, changes to the windows and full landscaping and public realm changes.

Valuation

Scheme:
The UK’s Tallest PRS Accommodation: Newington Butts, Elephant and Castle, London, SE11
Client:
Realstar Group

Newington Butts will be the UK’s tallest tower of PRS accommodation and our loan security valuation and report was required in connection with the grant of development finance. This Richard Rogers designed scheme includes a 45 storey tower and will offer 278 PRS apartments to be operated by Realstar and 179 affordable dwellings to be purchased by Peabody. The investment will be an important element of Realstar Group’s new Realstar Living platform. GVA’s London Valuation team carried out comprehensive due diligence into both the build to rent and build to sell markets and reported to the institution providing development finance.

Investment

Client:
Confidential Client

GVA was engaged by the Local Authority to de-risk the residential uppers of this key regeneration project located within an outer London borough, the Local Authority wish to retain the commercial income from the ground floor. Having underwritten the PRS investment opportunity and advised on an appropriate scheme, GVA arranged the forward sale of the 153 PRS apartments to an institutional investor.

Public sector consultancy

Scheme:
PRS Prospectus
Client:
Scottish Cities Alliance

Retained by the Scottish Cities Alliance to provide a PRS Prospectus which sets out why, where and how Scottish Government will incentivise PRS investment in Scotland’s cities. Workshops were held with local stakeholders and the PRS Prospectus was launched at MIPIM UK.