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Accumulate Portfolio Update June 2020

Canterbury Innovation Centre University Road, Canterbury, Kent. CT2 7FG Email: [email protected] Tel: 01227 936 996

www.accumulatecapital.co.uk Message from the CEO

Over the past month there have been a number of significant and exciting developments across our portfolio, all of which we will share with you in the following update.

We have already got the ball rolling on the latest addition to our network of investment opportunities: Cheyne Walk Residences. We have exclusive footage to share from our construction partner, Jamie Chapman, divulging Cheyne Walk’s next steps in detail. This prestigious project has already captured the attention of Property TV, the UK’s only TV channel dedicated to the housing sector.

Riverside Place is beginning to take shape nicely as construction continues to move at a progressive pace. Discover what stage our Kingston upon Thames development is currently at, and where we will be heading from here.

We have completed the land purchase on our commercial project, Doncaster Enterprise Park, and can now begin moving forward towards the physical build. Mayor of Doncaster, Ros Jones, has expressed her utmost support for the Park with a dedicated foreword that we have included below.

If there’s anything more we can do for you, please feel free to contact us by phone or email using 01227 936 996 and info@ accumulatecapital.co.uk.

Best Regards,

Paul Howells CEO, Accumulate Capital LATEST OPPORTUNITY

A TROPHY ASSET ON CHEYNE WALK CHELSEA, LONDON

The Royal Borough of Kensington and the period façade. The basement level property, with mood boards and plans Chelsea is best known for its prestigious will be extended, and a steel frame expected shortly. amenities, extraordinarily lavish, structure will form the new property. upmarket properties and the area’s array Although backend work has already of famous residents. Because of this, This will give prospective buyers the begun in the form of working drawings there is an extreme demand for luxury opportunity to purchase a Chelsea and site investigations, it is estimated apartments combined with a lack of property on the same street that has that the physical build will start with the availability. seen famous faces from the worlds of soft demolition phase in September. music, art, literature, politics and film for Cheyne Walk Residences will see the the last 300 years. Residents include, but A potential plan to remove a small part creation of 13 modern and spacious definitely aren’t limited to, Bram Stoker, of the basement to include a car park apartments on this most famous of , Michael stacker is currently being discussed with London streets. Located on the banks Bloomberg, Roman Abramovich and our project architect. There is enough of the in this affluent and . space to house 12-15 cars and it is glamorous part of the UK capital, these expected that each space would be sold new apartments will cater to the huge The Next Steps for Cheyne Walk for between £100-150k. desire and interest of buyers all around the world. The first structural phase for Cheyne To register your interest in this Walk Residences has been completed development on Cheyne Walk, Chelsea We already have planning permission to ahead of schedule, and now our please complete the form on this page. create the new units by demolishing the architect and interior designer can begin rear of the building, while maintaining working on the inside finishings of the Cheyne Walk A Street Like No Other

For almost three hundred years, Chelsea’s Sir Mick Jagger Sir Mick Jagger T.S. Eliot Cheyne Walk has been home to faces from the worlds of music, business, politics, art, and British music legend, lead singer with the literature. The street’s residents have earned enduring, iconic rock giants The Rolling it a staggering ten blue plaques, awarded for Stones. During their whirlwind romance historical importance. Here are a selection of Jagger and lived at 48 those famous past and present residents. Cheyne Walk. Jagger’s career has spanned over five decades, and he has been described Roman Abramovich as “one of the most popular and influential front men in the history of rock & roll”. Jagger, Abramovich is an Israeli-Russian billionaire is not the only band member to have lived on businessman and politician whose London Cheyne Walk. residence is 100 Cheyne Walk. He is the owner of the private investment company Millhouse Dame Elizabeth Taylor LLC,and Chelsea Football Club. He was formerly governor of Chukotka Born on February 27, 1932, in London, Autonomous Okrug from 2000 to 2008. In England. One of film’s most celebrated and 2019, according to Forbes, Abramovich’s net recognizable movie stars, Taylor fashioned a worth was US$12.9 billion. career that covered more than six decades, accepting roles that have not only showcased T.S Eliot her beauty, but her ability to take on emotionally charged characters. In 1982 while The American-English poet, playwright, performing in the play Little Foxes, Dame literary critic, editor and the leader of the Elizabeth lived at 22 Cheyne Walk which she Modernist movement in poetry lived at 122 demanded was redecorated in lavender, a Cheyne Walk. His much acclaimed works true diva indeed. include The Waste Land (1922) and Four Quartets (1943). Prior to his death in 1965 he Michael Bloomberg was recognised as the greatest living English poet and man of letters, and in 1948 he was In 2015, former New York mayor, Presidential awarded both the Order of Merit and the hopeful and multi-billionaire Michael Nobel Prize for Literature. Bloomberg bought 4 Cheyne Walk for a reported £25 million. A graduate of Harvard Ian Fleming Business School, Bloomberg began his career at Salomon Brothers before forming Ian Fleming, born May 28, 1908, the suspense- Bloomberg L.P. in 1981 where he spent the fiction novelist and creator of James Bond, next twenty years as its chairman and CEO. the stylish, high-living British secret service He still owns the house to this day. agent 007. Fleming lived at 24 Carlyle Mansions, Cheyne Walk between 1950 and Along with the above there were plenty 1953, and was the son of a Conservative more famous owners of property on Cheyne MP and the grandson of a Scottish banker. Walk including Sylvia Pankhurst, Bram Fleming was educated in England, Germany, Stoker, & Vivien Leigh, Keith and Switzerland, and he was a journalist in Richards, George Eliot, , Moscow before becoming a high-ranking Jane Asher and many more. officer in British naval intelligence during World War II. Dame Elizabeth Taylor Michael Bloomberg Ian Fleming (Right) A Feature on Property TV

Property TV is the UK´s only television The Property TV team visited our channel dedicated to the industry. prestigious site in Chelsea, London Broadcast on Sky channel 192, it and spoke to Jamie Chapman about provides viewers with an extensive the development build process, future platform that showcases a daily dose use, coronavirus, end unit sales and of property entertainment, information, everything in between. and education. Watch and discover exactly why we Sky´s 13 million+ subscribers will be are so excited about Cheyne Walk given a sneak peek into our latest Residences, and how it has already project, gaining insider information and attracted investors and end-unit buyers exclusive development details directly from around the world. from Jamie Chapman, Cheyne Walk Residences constructor and the CEO of Store House London.

Our New Office Space CLICK HERE to watch Jamie Chapman We are extremely pleased to announce gain the stunning River Thames, Chelsea discuss the the opening of our West London office Psychic Gardens and Albert Bridge as Cheyne Walk project on Cheyne Walk in Chelsea, located on our neighbours. the ground floor of our latest residential Play Video > property development. Sandwiched between some of the finest businesses London has to offer, our new This fantastically advantageous location Accumulate site will also provide us with not only provides us with the optimal excellent transport links across the UK’s base to keep an eye on the progress capital city. In fact, an 8-mile trip will take of our luxury new build apartments in us right to the doorstep of our Riverside Cheyne Walk Residences, but we also Place, Kingston development. Why Chelsea?

Chelsea is an area located southwest shopping districts such as Portobello of Central London on the banks of Road, Knightsbridge, and King’s Road. the River Thames. The borough is one of the wealthiest residential areas in The annual Hot 100 report by CBRE London and features an abundance revealed that Kensington and Chelsea of impressive and elegant shops, came fourth in its list of best-performing LATEST museums, and art galleries. In the London boroughs. The average property OPPORTUNITY residential streets of Chelsea, an area price in Chelsea is £2,000,502, 234.3% widely described as wealthy, exclusive, above the London average. The average and distinguished, are some of the most rental is £889 per week, 20.5% above expensive and extravagant houses in the London average. End Unit Sales the UK’s capital city. The 13 lavish apartments in Cheyne Walk Cheyne Walk Residences represents an As well as fetching enormous property Residences will soon be available for immensely profitable, high-yielding asset The borough is home to London’s prices unseen anywhere else in the UK, off-market reservation. This represents for buy-to-let investors and a highly museum quarter which includes Kensington & Chelsea also ranked 3rd the opportunity to purchase one or more appreciating property target for end-user the Natural History Museum, the in Rightmove’s happiest place to live units in a development located just 3 residents. Developed by Accumulate in Science Museum and the Victoria in London index. Further to this, the miles from Central London in the most conjunction with Store House London, and Albert Museum: visitors bring in area is also the most popular borough prosperous and high-class postcode in the these luxurious and spacious apartments approximately £3billion every year. searched by visitors to London on UK’s capital: SW10. on the street of the rich and famous will Nearly half of all visitor spend is in Airbnb. be snapped up in no time.

Reality Tours

Unlike some, we don’t hide from project in a thorough and informative scrutiny and curiosity. In fact, we actively conversation while adhering to strict encourage it. social distancing measures. Here, you are Watch Jamie Chapman discuss the more than welcome to ask any questions Cheyne Walk project Nothing compares to the experience of you might have. being able to physically see a construction Play Video > that you are involved in come to Of course, we take the safety of our life, which is why we are offering an investors and ourselves very seriously, exclusive site tour to a limited number and therefore, we will be implementing of prospective investors at various dates the current rules surrounding Covid-19 throughout the next few months. on our reality tours. This means there are only 8 spaces available to join Jamie During the tour we will explain the Chapman and Paul Howells, so make sure background, process and vision for our you book your place quickly. House Price Report

The latest figures from HM Revenue & Customs show a 16% improvement in property sales as 48,450 homes changed hands in May: the month that the Government ended the nine-week lockdown for estate agents.

New figures from Rightmove reveal record levels of interest as well as home sellers bumping up asking prices despite the coronavirus crash. The data came as upmarket estate agent Knight Frank said it had its best-ever week, with buyers flooding back to pricey country properties after the lockdown property freeze.

The website said it had recorded its busiest ever ten days in May and June, which it said reflected two months of pent-up demand.

As London emerged from lockdown, tens of thousands of new homes were rushed through planning with the aim to increase house sales, boost the housing market and revive the UK economy. And despite unprecedented disruption to the UK’s housing market, more than 22,000 new homes in London have been given the green light.

Even though chaos struck planning departments when lockdown was imposed, the number of new homes approved from January to May by local authorities is on a par with the first five months of last year, say experts Molior. After a strong start to the year, 4,618 homes received planning permission in April and May.

According to new data, more tenants are beginning to move properties within the UK rental market once again as applications rose by 45%. The Goodlord’s Lettings Activity Tracker collated data between 12th April and 7th May. The research showed that new tenancy applications “rose by 45% and completed tenancies by 22%”. DEMOLITION COMPLETE Riverside Place Demolition Complete

The demolition phase of the work at river is well used by the public and so all Riverside Place is now complete, the roof necessary health and safety precautions and two floors at the rear of the building must be adhered to. This work has also which makes up the majority of the site been carried out during the Covid-19 have now been removed. Demolition pandemic, the demolition crew were work like this in such close proximity to themselves working under strict social other buildings needs to be meticulously distancing rules, but they got the job done planned and executed. Bishop’s Hall on time and within budget. which leads from Thames Street to the Next steps The Metsec steel frame structure that will build such as windows. We are also in the become the skeleton of Riverside Place is process of purchasing the high-quality currently being made. Although the order internal finishing’s to perfectly represent was slightly delayed due to coronavirus, the glamour and luxury that comes with the order is now well underway and the a Kingston address. end delivery date has not been affected by this. Shortly, we will be putting an order in for the property’s lift and the hugely Because the Metsec is a fairly quick impressive glass-front of the building procedure, we have already put our that will come together to form the final orders in for the longer lead items for the look of Riverside Place.

Watch Jamie Chapman discuss the Riverside Place Timelapse latest update to the Riverside Place View the extensive progress of Riverside the first floor footplate to make way for Play Video > Place in less than a minute as this Riverside Place’s 16 one-bedroom and 10 impressive Riverside Place time-lapse two-bedroom luxury apartments: the only compresses weeks of hard work into just new builds in Kingston upon Thames until 40 seconds. 2024. See what vital stages have been accomplished behind the scenes and View the timelapse HERE or by watch as three storeys are demolished to clicking on the video above. Riverside Place End Unit Sales

The last remaining one and two-bedroom end-user residents. apartments in Riverside Place are still available, but won’t be for long. These Developed by Accumulate in conjunction apartments represent an opportunity with Store House London, the last to purchase a unit in the only major remaining units of these luxurious development to be delivered in affluent apartments, situated just 12 miles from Kingston upon Thames for the next four Central London, will be snapped up by an years. immensely eager market once released for general sale. Riverside Place is a profitable, high- yielding asset for buy-to-let investors and Download Riverside Place’s end unit a highly appreciating property target for sales brochure HERE. CURRENT OPPORTUNITY

Highly Advantageous and Limited Investment Opportunity Current Opportunities We are proud to confirm that the purchase of the land to develop the DONCASTER ENTERPRISE PARK Accumulate Commercial - Doncaster Enterprise Park was completed in May. Over the past 20 years, commercial a sustainable long-term site for At this time legal charge was registered at H.M.Land Registry on behalf of property has consistently delivered the next generation of employees, our investors. higher returns than the FTSE 100, business owners and investors in For compassionate reasons, we have recently exited one of our long- Cash ISA´s and UK gilts. So when we the area. standing investors and therefore now have a limited opportunity for were offered the option to develop a 6.30-acre commercial asset in Each of the industrial units will come investors to invest alongside us in this project: the form of 66 SME starter units with a range of internal designs to within the UK´s manufacturing and satisfy all potential tenants. With • Land Purchase Complete distribution hub, we jumped at the few, if any, alternatives in the area, • Planning Granted chance. Doncaster Enterprise Park will fill this gap in the market. With extensive • First Charge Registered at H.M. Land Registry over the land Doncaster has seen huge media coverage and the full backing • 40% Investor Protection Buffer regeneration funding poured into the of Doncaster Council with the Mayor • 60% Loan to Value raise - 9% Loan to GDV area, mainly because of it’s location of Doncaster to host the first site • Market Leading Fixed Returns and ready access to exceptional tour the project has attracted an transport links. The demand for influx of investors with phase one • Fixed Investment Term SME starter units in this logistical already under reservation. hub vastly exceeds supply, and This is a limited and highly advantageous opportunity to invest alongside the units currently available are Download the investment often neglected buildings offering memorandum HERE. (Redacted). us in an advanced project with market leading security. poor quality facilities. Our project For the full version including Contact us, to discuss if this investment is right for you, or not. provides a viable and much needed investor returns and security, please solution to this issue by creating click here. CURRENT Development Supported By OPPORTUNITY

Support for Doncaster Enterprise Park Ros Jones, Mayor of Doncaster

It goes without saying that I am passionate for seeding future growth of the town and about Doncaster and the health and accelerating its advancement as one of prosperity of our communities. That’s why the U.K.’s most important logistical and I was delighted to learn of Accumulate economic hubs. Capital’s plans to regenerate the site at Little Lane, creating the Doncaster Enterprise Doncaster has a proud history but has Park. As a Council, we give this scheme our had to adapt to an ever-changing world. full backing. We’ve done so, and continue to do so successfully, embracing change, harnessing Generating employment opportunities our progressive outlook, and moulding our both during the development phase and place in the 21st century. We look forward for many years to come meets one of the with great anticipation to the opening of central pillars of our strategic plan, and Doncaster Enterprise Park and the next we roundly welcome Accumulate and its addition to our town’s continued prosperity. clients. They and you will be responsible

Doncaster In The Media Yorkshire Post - Town is becoming ‘major hub for enterprise and innovation’

The Star – Doncaster ‘becoming a major business hub’ as £12m enterprise park is unveiled

Insider Media Limited – Accumulate Capital to start work on £12m business park

The Business Desk – Brand new enterprise park to give local businesses a boost

Doncaster Site Tours Given the current situation with COVID-19 Metropolitan Borough Council cabinet such we cannot say with certainty when we will as Bill Mordue, CEO, Damian Allen and be able to offer site tours of Doncaster our own Richard Craker from Accumulate Enterprise Park. However, we can say that Capital. You’ll not only get a tour of the site once we can firm up a date you’ll have but there will also be the opportunity to ask the opportunity to meet with Ros Jones questions of the team at the newly built and other members of the Doncaster Doncaster Council offices. CURRENT OPPORTUNITY

Investing Into Doncaster

Doncaster has long been crown, a £500million investment considered the UK’s from Jeff Bezos, the world’s manufacturing and distribution richest man and founder of hub. However, the recent funding Amazon. developments within the area have caused its community, The local council are also economy and reputation to pledging improvements with skyrocket. dedicated funding into brand new strategies that focus on culture, Further funding into Doncaster’s employment and the economy. railway and airport have been confirmed, improving the Download Why Doncaster town’s interconnectivity to the to discover the significant and rest of the UK and the world. continuing investment in the UK’s The commercial sector has best connected location and why also received a vast amount of this and the continuing increase funding from household names for online shopping are driving such as IKEA, BT, Next, Wabtec, forces in the growing demand for Thales and the jewel in the commercial stock. Our Virtual Platform

Social distancing and strict regulations means that we are currently unable to run site tours of Riverside Place. Investors find these site tours highly valuable and advantageous due to the vast amount of exclusive information we share here; therefore we have come up with a way to ensure our clients still receive these benefits. Our Gruveo platform enables serious and focused investors to experience the reality of an Accumulate development through a virtual site tour. Your appointment will feature an extensive tour of Riverside Place, giving you eyes on the project from the comfort of your home. We also offering one-to-one presentation sessions where our clients can book a time slot to speak to one of our senior team members face-to-face. The discussion will include detailed explanations of our due diligence, the build process, the property’s future use and also gives you the opportunity to ask any questions you might have.

Don’t miss out on this fantastic and rare opportunity, register your interest today HERE. Open an account with Accumulate

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Click Here to open an account or visit https://www.accumulatecapital.co.uk/registration/ ACCUMULATE IN THE PRESS

Accumulate Capital´s recent advances in the market Luxurious Magazine, 7,729 monthly unique views: Over a third have captured the attention of some of the UK´s of UK Property Investors Plan to Sell properties in 2020 biggest media brands.

Our success within the property development finance sector Entirely Property, 5,000 monthly unique views: Accumulate has long been appreciated by investors and now our fantastic Capital reveals over a third of UK property investors are progress within the industry is being covered by respectable looking to sell properties in 2020 titles in print, online and television. Entirely London, 5,000 monthly unique views: Accumulate Accumulate Capital recently carried out a survey of 750 UK Capital reveals over a third of UK property investors are property investors who owned three or more properties to looking to sell properties in 2020 discover their opinions on buy-to-let regulations, tax and legislative changes and where they stand on alternative ways Specialist Finance Introducer, 4,000 monthly unique views: of property investment. Accumulate Capital: Over a third of property investors plan to sell properties Our thought-provoking research has already piqued the interest of The Financial Times and The Sunday Times with Mortgage Introducer, 19,900 monthly unique views: both titles including our collated results in their print and online editions. Now, the following platforms have also Accumulate Capital: Over a third of property investors plan to showcased our research to their readers: sell properties Previous Case Studies

HACKNEY ROAD, SHOREDITCH LEWIS CRESCENT, MARGATE CALVIN ROAD, SPITALFIELDS

INVESTMENT CLOSED INVESTMENT CLOSED INVESTMENT CLOSED

We obtained this site in 2011. The building was bought Purchased in March 2018 for a total just under £3.5million This building was ideally located and prime for a for (what is now a modest) £990,000. With a further including professional fees this impressive building residential conversion. A turn of the century, former £628,000 construction costs, we created a multi-use asset on Margate’s seafront was in need of a great deal of printers warehouse the double-fronted building was featuring commercial retail space, office space and two attention. However, local knowledge and intensive due the last of its kind in a street that had become mainly floors of prime residential apartments, including two diligence gave us and the constructor confidence the residential developments. £2.2million plus professional penthouses with balconies and expansive roof terraces target GDV could be achieved, and so it proved. fees just short of a further £300,000 secured the purchase with commanding views over London. of the site.

Project costs: £1.8million Project costs: £4.65million Project costs: £4.2million

Capital raise: £600,000 Capital raise: £1.4million Capital raise: £1.25million

Project GDV: £2.25million Project GDV: £6million Project GDV: £6.12million

Project Profits: £465,959 Project Profits: £1.35million Project Profits: £1.95million Previous Case Studies

HACKNEY ROAD, SHOREDITCH PALM BAY, MARGATE KINGSWOOD ROAD, GILLINGHAM ROBERT STREET, WESTMINSTER

INVESTMENT CLOSED INVESTMENT CLOSED INVESTMENT CLOSED INVESTMENT CLOSED

A beautiful Victorian property in the Palm Bay is a fantastic prime site A beautiful Victorian property in the Over an intense build period in a commuter town of Gillingham. The on the outskirts of Margate. It had commuter town of Gillingham. There location where access was difficult at conversion of this building was into planning to demolish the bungalow was a large gap in the market for high best and council rules can never be high end co-living accommodation and build 9 high-end art deco end HMOs; this conversion completed overcome, 10 stunning apartments compromising of 7 ensuite bedrooms. apartments. Out of the end 9 units we to form a 6 bedroom all ensuite co- were created, complete with the There is a large gap in the market for had interest in 4 of them before work living house. The remaining 2 rooms highest specification fixtures and high end co-living; the building didn´t or marketing started on site. were already converted and couldn´t fittings, synonymous with our need any structural work, it was a be used until planning was received constructor’s work. Also, a single refurbishment project working within Term: 12 Months for those particular rooms. It ended up four storey townhouse, one of only a the existing envelope of the building. as an 8 room co-living house. handful of river fronting properties of Project Details: Fully Owned its size. Term: 12 Months Term: 6 Months Location: Prime Project costs: £23.5million Exit Route: Refinance Type: Fully Managed ROI: 15% p.a. Capital raise: £1.5million Security: Full second charge Security: Full second charge Project Profits: £3.5million ROI: 15% p.a. ROI: 15% Canterbury Innovation Centre University Road, Canterbury, Kent. CT2 7FG Email: [email protected] Tel: 01227 936 996 www.accumulatecapital.co.uk