3. Delph Property
Group believe
in the power of
partnerships.
That’s why, since 1948,
we’ve been collaborating
with developers and builders
to realise their vision.
Whether you’re looking to sell a development pre-construction,
fund a development off plan, sell completed stock or need
someone to partner with for PRS, Delph is a forward thinking
and experienced residential property company that can be
relied on.
About
Est. 1948
Almost 70 years of experience in
residential property
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4. 4 5
Experience you can
count on to build
shared success.
For almost 70 years, Delph Property Group has been
investing exclusively in UK residential property.
Founded in 1948 by DJ Crocker, Delph is a family
business now run by brothers Paul and Howard.
Since it was founded, Delph has been solely
focused on residential property either through
investing or developing, giving us unparalleled
experience that sets us apart from other companies.
Experience
We buy off plan or completed apartment blocks
from 50 to 400 units in city centre locations across
the UK. We also offer forward funding and large
deposits to reduce risk for builders and developers.
586 units
purchased in the last two years
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5. “Returning to Delph a second
time was a no-brainer. Their team
brings something to the table that
I can’t find anywhere else. ”
- Gareth Morgan | Director, Fortis Homes
Partnered with Delph on schemes in
Manchester and Birmingham totalling 207 units
Working together to
build for the future.
We’re as committed as you are to making
your development a success.
At Delph Property Group we like to do things a little differently.
We work collaboratively with builders and developers from
start to finish on any project, taking pride in our ability to
provide expertise, support and specialist knowledge whenever
it is required.
Every business relationship we develop is considered a
partnership. As every project is unique we listen to individual
needs and we work pro-actively to create a deal that is
beneficial for everyone involved.
Partnerships
The power of this approach is evident in the relationships we
have built over the years. If a builder or developer is offered
a residential site, we want them to see Delph as their partner
of choice.
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6. Approach
These examples demonstrate the variety
of ways in which we have recently helped
builders and developers.
01 | Off Plan
02 | Forward Funding
03 | Pre-purchase Partnering
04 | Completed Stock
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7. 01|Off Plan
Delph Property Group offers deposits and staged
payments of up to 40% on construction milestones.
This helps cash flow for builders and developers and
often enables better finance terms. It also cuts out sales
risk and future marketing costs.
Aria Apartments, Leicester
Location:
Leicester
Tenure:
Freehold
Number of units
purchased:
93
Vendor:
Builder
Delph exchanged contracts on the
off plan purchase of a block of 93
apartments in Leicester city centre from
Convoy Investments. Construction
began on the apartment block in
January 2016 which will comprise 19
studios, 25 one-bedroom units and 49
two-bedroom apartments.
Delph was approached by the builder
in 2015 – a deal was quickly agreed
and contracts exchanged in late
December. By selling to one buyer,
Convoy improved their cash flow,
encouraged its bank to lend, and
provided serious savings in interest
payments and all sales and marketing
costs allowing them to move quickly on
to their next project.
Along with a straightforward exit
strategy, Delph worked with Convoy to
produce a specification that met market
requirements and helped the builder to
maximise its profit margins.
“The nature of the deal with Delph has been great for us as it simplified
the whole development process leaving us time to concentrate
fully on the construction of the apartments. I’ve found the team
very amenable and we have worked well together agreeing the
specification and dealing with the legal process through to exchange
of contracts.” - Kerry Beattie | Director, Convoy Investments
Approach
1110
8. Merchant Square,
Bedford Riverside
Location:
Bedford
Tenure:
Head Lease
Number of units
purchased:
46
Vendor:
Developer
As part of the much anticipated
regeneration of Bedford town centre
led by Bouygues UK Ltd and Coplan
Estates, planning permission was
granted for a mixed use scheme
consisting of a 100 room hotel, a
multi-screen cinema, high quality
restaurants, residential apartments and
a new market square. The 46 private
residential apartments occupy a prime
location facing the River Ouse with all
of the one, two and three bedroom
apartments having balconies and the
benefit of water views.
Delph agreed to purchase and fund
the residential apartments prior to
construction commencing, thereby
removing the associated risks of the
residential element of the scheme from
the mixed use developer.
02|Forward Funding
Delph Property Group is able to buy the land and fund
construction on stage payments or interim valuations,
subject to using a suitably robust building contractor.
This allows builders and developers to clear the balance
sheet, eliminate risks, and make large savings on marketing,
sales and finance charges.
“We are delighted to have worked with Delph, as our residential
partner for our Bedford Riverside North project. Our respected skills
ensured that the needs of both the commercial and residential
occupiers were met in full through the design process, something that
is rarely achieved in mixed use developments. The legal process was
straightforward and we look forward to working with Delph on future
projects.” - Colin McQueston | Director, Coplan Estates
Approach
1312
9. GQ7, Manchester
Location:
Manchester
Tenure:
Head Lease
Number of units
purchased:
146
Vendor:
Developer
Delph acquired this significant
15 storey apartment building in
Manchester City Centre’s Green
Quarter after partnering with Fortis
Developments. Having worked with
Delph on a previous development,
Fortis approached us to partner them
and with our assistance was able to
secure the site just a short walk from
Manchester’s Victoria station.
The site has full planning consent
for 146 residential apartments,
68 secure parking spaces and large
communal garden.
03|Pre-purchase
Partnerships
If a site has planning permission granted, partnering
with Delph Property Group prior to land purchase has
many benefits. Not only can it help secure the deal, but it
significantly improves cash flow and also helps secure better
funding terms by completely eliminating any sales risk.
“The funding model that Delph provides offers an attractive
alternative to traditional bank finance. As a result we are pleased
to have completed this second deal with them and we look
forward to working with them again on future developments.”
- Gareth Morgan | Director, Fortis Developments
Approach
1514
10. West Tower, Liverpool
Location:
Liverpool
Tenure:
Freehold
Number of units
purchased:
106
Vendor:
Receiver
West Tower, Liverpool, was purchased
by Delph following an open market
campaign on behalf of the Receiver.
During the highly competitive bidding
process, Delph was selected as the
preferred buyer due to its strong offer
and certainty based on its previous
property purchases and reputation.
At 40 floors, and at a height of 140m,
West Tower is Liverpool’s tallest
building. The iconic mixed-use
skyscraper is ideally located within
Liverpool’s business district and boasts
panoramic views across Liverpool and
the Mersey.
04|Completed Stock
We will purchase part, or the whole of, a development once
construction has been completed. Selling all the units in a single
transaction can allow the developer to move onto their next
project quickly and easily and ensure total exit from the scheme,
while simultaneously reducing marketing and sales costs.
“Our initial contact was with Nick Belkin, Head of Acquisitions, and
after supplying the relevant information, viewings were arranged.
Nick and his team attended the scheme and, within the proposed
timescales, submitted a formal bid supported with the necessary
proof of funds. Delph dealt with the acquisition professionally and to
a timeframe that was mutually acceptable and appropriate to a sale of
this nature.” - Shannon Conway | Director, Jones Lang Lasalle
Approach
1716
11. We are a small,
pro-active and
efficient team.
We have the ability to work quickly and
closely together to make decisions.
Wherever the scheme is located in the UK, we have
systems and procedures in place to efficiently work
out the feasibility of each development we look at.
Buying
We aim to carry out our due diligence and be in a
position to make an offer to the builder or developer
within two weeks of receiving all the necessary
information on the development.
Builder/developer contacts Delph
and provides as much information
as possible on the development
• Address
• Plans
• Schedule of accommodation
• External elevations/CGI’s
• Planning history
Step one
Delph carries out desktop appraisal
of the scheme
Step two
Delph visits the site to assess
the scheme and carry out local
due diligence
Step three
Department heads sign off scheme
Step four
Managing Director approval
Step five
Offer made
Step six
1918
12. 2120
4 18
Delph in action
UK
Birmingham
Bristol
Camberley
Cardiff
Kingston upon Thames
Leicester
Liverpool
Manchester
Nottingham
Portsmouth
Reading
Redhill
St. Neots
Swindon
Weybridge
Wroughton
The Delph portfolio
London
Battersea
Bermondsey
Blackheath
Brentford
Chelsea
Chiswick
Cockfosters
Enfield
Hampstead
Maida Vale
Paddington
Peckham
St John’s Wood
Victoria
West Hampstead
Wimbledon
Delph Property Group has purchased
residential developments across the UK.
properties across the UK
We purchase developments of
deposits paid
We currently
own over
1700
Established
1948
Up to
40%
586units purchased in
the last two years
50 to 400
units
13. Recent acquisitions
Eclipse: Bristol
The Foundry: Birmingham
Queensway: Redhill
Merchant Square: BedfordHorizon: Bristol
Arcus & the Bar: Leicester The Ink Works: London
Aria Apartments: LeicesterWest Tower: Liverpool
GQ7: Manchester Metalworks: Birmingham
2322
15. Howard Crocker
Managing Director
Howard joined Delph in 1980. His initial
focus was mostly on developing in
London with his brother Paul, including
conversions of warehouses, schools
and office buildings. Howard is now
responsible for new development
acquisitions. Howard is married with four
children and enjoys making rock albums,
playing guitar and has a large psychedelic
vinyl collection.
Paul Crocker
Managing Director
Paul has been working in the property
industry since 1978. Throughout his
career he has been primarily involved
in building and running the group’s
investment portfolio, originally with
the acquisition of blocks of flats let on
regulated tenancies and more recently on
blocks let on ASTs. Paul enjoys keeping
fit, watching Arsenal and skiing when his
wife and four children allow it!
The Delph team
Richard Forman
Head of Sales & Marketing
Richard has been working in the property
industry since 1988, and has been at Delph
since 1996. He oversees sales and marketing
activity for the business, works closely with
the acquisitions team during the purchase
process, and is responsible for pricing new
schemes and ensuring the locations, layouts
and specification are suitable for our needs.
Richard lives in South West London with his
wife and two daughters.
Nicholas Belkin
Head of Acquisition
Nick has been at Delph since 2006 and
involved in property all his working life.
Heading up the acquisitions team, he has
extensive knowledge of many cities across
the UK and is always looking for the next
exciting opportunity, as well as overseeing
the due diligence and legal process. Away
from the office Nick is a keen Sunday
morning sportsman and family man.
Stewart Booth
Head of Construction
Stewart has been in the building industry
for 30 years, 15 of these working with Delph.
Starting his working life on site on the
contracting side of the business has given
him a wide understanding of the processes
of construction. Stewart plays a vital role in
ensuring the delivery of Delph developments
to a high standard across the country.
Stewart lives in Kent with his wife and
three children.
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16. Contact us
Progress your vision
with us. Get in touch
with our team.
No matter how big your project is, we’re here to
talk. Arrange a visit to our central London office
or call or email us.
For land and acquisitions contact:
Nicholas Belkin
Tel: +44(0) 20 7907 5565
Email: nbelkin@delphgroup.com
For general enquiries contact:
44-45 Great Marlborough St, London, W1F 7JL
Tel: +44(0) 20 7907 5555
Fax: +44(0) 20 7907 5556
Email: info@delphgroup.com
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