Saving Residential Developers MoneyApril 2013Denny Adam BA Hons MCIHLand & Property Development Consultantwww.adamrobertsltd.co.ukBringing the Landed to the Gentry
My Background■ Worked in sales from leaving school■ Started Humanities degree as mature student in 1976 at Hatfield Poly■ Students need somewhere to live so started a Housing Co-operative■ Graduated and took sabbatical as student union president■ First housing job in Property and Tenancy Management■ Moved into Social Housing Development■ Joined Barratt Homes 1989■ Joined New Age Homes in 1990 as Development Director■ In 1998 started land and property consultancy company Adam RobertsConsultancy Ltd
3What do we do?What HowSite Finding • Identify off market opportunities for developer and RSL clients• Carry out detailed searches to identify potential development sites• Speaking with business owners looking to move, retire or sell up• Creating links with solicitors, insolvency practitioners and architects• Asking all contacts to introduce me to building owners looking to sellSocial Housing • Working with Housing Associations to develop new sites• Local Authority Regeneration schemes• Partnering with developers to sell their affordable to HA’s• Advising developers on best price for their social housing• Social housing viabilitiesConsulting • Financial viabilities and reports for residential planning applications• Meeting design standards for social housing• Funding structures for developments• Compulsory Purchase Order consultation and implementation
28 April 2013 12Site FindingI have clients actively looking for development opportunities in:• Central London – existing hotels or sites for hotels – 80 to 120 keys• Shoreditch to Stratford – commercial buildings for change of use• London & Home Counties – large sites with or without planning• Barnet, Enfield & Islington – plots or buildings for 5 to 50 residential• London W & SW postcodes – single apartments or buildings• North East London & Essex – sites for 15 to 75 residential
28 April 2013 14Consulting – S106 legal AgreementsTufnell Park - IslingtonReduced 50% to0% affordablehousing on appealArchway – IslingtonWe renegotiated an old S106 to make thisviable and increase the developers profiton this landmark development in.Croydon – Successfully reducedaffordable housing planningobligation for private developer.Enfield – we recentlysaved our client over£72,000 bynegotiating the S106on their behalf.
Caribbean InvestmentFrom £155,000to £1,225,000Ideal for SIPP
What to listen out for• “I want to retire but don’t know what to do with my business premises”• “I have this rambling old house in a posh part of town and I want to move”• “I can’t find a decent site / property to develop”• “Planners want me to virtually give away half of my development to affordable”• “Planners want me to pay £xxx for affordable just to get consent”• “I want to buy a holiday home in the sun”
A Good Referral For Me■ Developer■ House Builder■ Architect■ Surveyor■ Planning Consultant■ Insolvency Practitioner■ Solicitor■ Probate■ Or an Investor