JLL Regional Forecasts Northern England 2020
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Build to Rent in London a Report for the University of New South Wales and NSW Landcom November 2018
Build to Rent in London A report for the University of New South Wales and NSW Landcom November 2018 By Kath Scanlon, Peter Williams and Fanny Blanc LSE London/Cambridge University Table of Contents Executive Summary Introduction ............................................................................................................................................ 2 UK context ............................................................................................................................................... 6 The housing market and the PRS ........................................................................................................ 6 National and London policies .............................................................................................................. 7 Local authorities and housing associations as BTR partners .............................................................. 9 Profile of BTR sector.......................................................................................................................... 10 Research questions and methodology.................................................................................................. 10 Interviews.......................................................................................................................................... 11 Customer surveys .............................................................................................................................. 11 Case studies ..................................................................................................................................... -
Generation Rent Grows Up
INDUSTRY UPDATE Real Estate July 2018 Generation rent grows up In our latest update on the real estate sector we examine the UK’s shift to the rental model as young families are priced out of home ownership, the growth in the build-to-rent market to meet this demand, and the effects and opportunities for residential developers, investors and local authority planning. Some would call it an obsession nearly as great as the UK’s This change in the renting model has attracted a new generation eccentric hang-up with the weather, yet home ownership – of developers and investors, keen to build and hold multi-family traditionally a long-held aspiration – is being eschewed by a units in urban locations and viewing their residential holdings generation priced out of urban homes, less materialistic and in the same way as their office and retail assets. It’s a model more focused on experience and lifestyle. Instead, Europe’s straight out of the European playbook, but for the UK it is a bold well-established multi-family model is on the rise and a new new world. phase of build-to-rent properties is being heralded as both an investment model for institutions and one answer to tough The dramatic shift in demographics is laid out in the most recent house build targets for local authorities. English Housing Survey, which confirmed that more than 1.5 million people aged 65 and over now live in rented accommodation. The jump in those renting privately over the past decade is significant. Build to Rent In 2007, 254,000 older people rented privately, but that figure has now risen to 414,000 and according to some estimates, a third of The build-to-rent market, while still in its relative infancy, is finally those aged 60+ could be renting privately by 2040. -
This Northern England City Called York Or Jorvik, During the Viking Age, Is Quite Medieval in Terms of Cultural History
History of York, England This northern England city called York or Jorvik, during the Viking age, is quite medieval in terms of cultural history. York is a tourist‐oriented city with its Roman and Viking heritage, 13th century walls, Gothic cathedrals, railroad station, museum‐gardens an unusual dinner served in a pub, and shopping areas in the Fossgate, Coppergate and Piccadilly area of the city. Brief History of York According to <historyofyork.org> (an extensive historical source), York's history began with the Romans founding the city in 71AD with the Ninth Legion comprising 5,000 men who marched into the area and set up camp. York, then was called, "Eboracum." After the Romans abandoned Britain in 400AD, York became known as "Sub Roman" between the period of 400 to 600AD. Described as an "elusive epoch," this was due to little known facts about that period. It was also a time when Germanic peoples, Anglo‐Saxons, were settling the area. Some archaeologists believe it had to do with devasting floods or unsettled habitation, due to a loss of being a trading center then. The rivers Ouse and Foss flow through York. <historyofyork.org> Christianity was re‐established during the Anglo‐Saxon period and the settlement of York was called "Eofonwic." It is believed that it was a commercial center tied to Lundenwic (London) and Gipeswic (Ipswich). Manufacturing associated with iron, lead, copper, wool, leather and bone were found. Roman roads made travel to and from York easier. <historyofyork.org> In 866AD, the Vikings attacked. Not all parts of England were captured, but York was. -
North West of England Plan Regional Spatial Strategy to 2021 the North West of England Plan Regional Spatial Strategy to 2021
North West of England Plan Regional Spatial Strategy to 2021 The North West of England Plan Regional Spatial Strategy to 2021 London: TSO September 2008 Published by TSO (The Stationery Offi ce) and available from: Online www.tsoshop.co.uk Mail, Telephone, Fax & E-mail TSO PO Box 29, Norwich NR3 1GN Telephone orders/General enquiries: 0870 600 5522 Fax orders: 0870 600 5533 E-mail: [email protected] Textphone 0870 240 3701 TSO Shops 16 Arthur Street, Belfast BT1 4GD 028 9023 8451 Fax 028 9023 5401 71 Lothian Road, Edinburgh EH3 9AZ 0870 606 5566 Fax 0870 606 5588 TSO @ Blackwall and other Accredited Agents Communities and Local Government, Eland House, Bressenden Place, London SW1E 5DU Telephone 020 7944 4400 Web site www.communities.gov.uk © Crown Copyright 2008 Copyright in the typographical arrangements rests with the Crown. This publication, excluding logos, may be reproduced free of charge in any format or medium for research, private study or for internal circulation within an organisation. This is subject to it being reproduced accurately and not used in a misleading context. The material must be acknowledged as Crown copyright and the title of the publication specifi ed. For any other use of this material, please write to Licensing Division, Offi ce of Public Sector Information, 5th Floor, Pretty France, London SW1H 9AJ or e-mail: [email protected] Any queries relating to the content of this document should be referred to the Government Offi ce for the North West or the Regional Planning Body at the following address: Government Offi ce for North West, City Tower, Piccadilly Plaza, Manchester M1 4BE. -
Releasing Growth in Northern England's Sparse Areas
Releasing growth in northern sparse areas Roger Turner Rural Economies Consultant Northern region: City and Sparse Newcastle city: Sparse northern areas: 295,000 residents 305,000 people • 113 sq. km • 33% of north England’s territory (12,837 sq. km) • One Council – Newcastle • At least 15 Local City Council (NCC) authorities, 4 National Park Authorities, 4 Local Enterprise Partnerships • One Economic Strategy • No Single Economic for NCC and Gateshead Strategy for sparse areas Northern England’s sparsely populated region State of the countryside update: Sparsely populated areas. Commission for Rural Communities,2010 Economic challenges • 3 of England’s least productive economies [Northumberland <75%, East Cumbria 77% of UK mean) • High levels of economic inactivity, under employment, second jobs • High dependency on public sector jobs and their higher wages • Male wages on average 90% higher than those for women (ASHE 2009) • Markedly fewer residents in easy distances of health, education and retail services than other rural and urban areas • Low broadband speeds, poor mobile communication, limited business premises • National Policy leadership by Department for Environment, Food and Rural Affairs NOT Departments for Business, Work or Communities • Rural Development Programme for England seen as most critical support for area’s economic health, NOT European Social Fund, European Regional Development Programme and UK business growth programmes. Economic strengths • Higher levels of: – self employment, – firm survival rates, – residents -
England Northern Ireland Scotland Wales the Union Jack Flag
1 Pre-session 1: Existing Knowledge What do I know about the United Kingdom? 1 Session 1: What is the United Kingdom and where is it located? Key Knowledge ‘United’ means joined together. ‘Kingdom’ means a country ruled by a king or queen. The ‘United Kingdom’ is a union of four countries all ruled by Queen Elizabeth II. The four countries in the United Kingdom are: England, Northern Ireland, Scotland and Wales. The United Kingdom is in the north-west of Europe. Key Words United Kingdom union north England country south Northern Ireland Europe east Scotland world west Wales Who is the person in this picture and what does she do? __________________________ __________________________ __________________________ 2 Can you label the four countries in the United Kingdom? The United Kingdom England Northern Ireland Scotland Wales England Northern Ireland Scotland Wales Challenge: Can you label the map to show where you live? 3 Can you find the United Kingdom and circle it on each of the maps? Map 1 Map 2 4 Map 3 Map 4 5 Map 5 Map 6 6 Session 2: What is it like to live in Scotland? Key Knowledge Edinburgh is the capital city of Scotland. Edinburgh has a famous castle and is also the location of the Scottish Parliament. In the Highlands there are large mountains called Munros, valleys and enormous lakes called lochs. One of the deepest lakes in the UK is Loch Ness. Key Words Edinburgh Highlands capital mountains (munros) castle valleys parliament lakes (lochs) Glasgow Loch Ness rural Knowledge Quiz 4.1 1. United means… joined together split apart 2. -
ECE Takes Over Build-To-Rent Properties in Manchester and Leeds with 1,750 Residential Units
Creating Space. Inspiring People. PRESS RELEASE OCTOBER 8, 2020 ECE takes over build-to-rent properties in Manchester and Leeds with 1,750 residential units ECE has taken the next step in the strategic expansion of its activities in the British build-to-rent market by taking over two further apartment buildings in Manchester and Leeds, offering a total of approx. 1,750 residential units. The takeover became effective on completion of the buildings and ECE is now, together with a local build-to-rent specialist, responsible for their long-term operation and leasing which has already made significant progress shortly after completion. Another apartment building in Birmingham with over 320 residential units has already been taken over by ECE in spring 2020. In total, the build-to-rent portfolio held by the Otto family and managed by ECE now comprises a total of 2,100 residential units in the United Kingdom’s three biggest and economically strongest cities outside of London. “By taking over the two properties in Manchester and Leeds, we are expanding our activities in the build-to-rent business just as planned,” says Henrie W. Kötter, ECE Managing Director for the Work & Live business area. “We are convinced of the opportunities in this real-estate segment and believe that the strength and appeal of our offering has been effectively confirmed by the rapid and successful leasing of the apartments so shortly after completion.” ECE had entered the growing build-to-rent segment in spring which comprises the operation and renting out of fully equipped and furnished rental apartments that also include additional services. -
Build to Rent
BUILD TO RENT Funding Britain’s rental revolution Assael INDEX INTRODUCTION AND MANCHESTER 1EXECUTIVE SUMMARY ............ 1 3 FOCUS ................................... 29 Introduction Housing the Northern Powerhouse Addleshaw Goddard Executive Summary Market perspective Making renting viable Manchester Place Moda Living Public Sector opportunities PlaceFirst Politics of property INSTITUTIONAL 4 INVESTORS ............................ 37 DEVELOPERS AND 2 OPERATORS .......................... 11 Institutions have come full circle Addleshaw Goddard Differentiating Build to Rent Addleshaw Goddard Market perspective Legal & General The Investment View Towers Watson Essential Living APG Asset Management Countrywide Operations View Hermes Investment Management Essential Living Invesco Real Estate M&G Real Estate Market perspective Fizzy Living Genesis Housing Association Grainger plc Westrock Greystar Europe Holdings Limited The Forgotten Majority HUB Residential INDEX CASE 5 FINANCE .......................................... 53 7 STUDIES ................................. 73 Competitive lending offers a strong Bath Riverside platform for growth Crest Nicholson / M&G Real Estate Addleshaw Goddard Creekside Wharf Market perspective Essential Living HSBC RBS Fizzy City Fizzy Living The road to alternative lending Venn Partners East Village Get Living London 19-27 Young Street Grainger plc 6 ADVISORS ....................................... 63 Abbeville Apartments The challenges of valuing build to Grainger plc rent Allsop LLP Victoria Square HUB -
Northern Devolution Through the Lens of History
This is a repository copy of From problems in the North to the problematic North : Northern devolution through the lens of history. White Rose Research Online URL for this paper: https://eprints.whiterose.ac.uk/113610/ Book Section: Martin, Daryl orcid.org/0000-0002-5685-4553, Schafran, Alex and Taylor, Zac (2017) From problems in the North to the problematic North : Northern devolution through the lens of history. In: Berry, Craig and Giovannini, Arianna, (eds.) Developing England's North. Building a Sustainable Political Economy . Palgrave Macmillan . Reuse Items deposited in White Rose Research Online are protected by copyright, with all rights reserved unless indicated otherwise. They may be downloaded and/or printed for private study, or other acts as permitted by national copyright laws. The publisher or other rights holders may allow further reproduction and re-use of the full text version. This is indicated by the licence information on the White Rose Research Online record for the item. Takedown If you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing [email protected] including the URL of the record and the reason for the withdrawal request. [email protected] https://eprints.whiterose.ac.uk/ Submission for the WR Network book. DRAFT. DO NOT DISTRIBUTE From problems in the North to the problematic North: Northern devolution through the lens of history Daryl Martin, Department of Sociology, University of York Alex Schafran, School of Geography, University of Leeds Zac Taylor, School of Geography, University of Leeds Abstract: Current debates about Northern English cities and their role in national economic strategies cannot be read simply through the lens of contemporary politics. -
Levelling out Manchester Crane Survey 2020 Contents
Levelling out Manchester Crane Survey 2020 Contents Foreword 01 Development snapshot 02 Key findings 03 Residential 04 Office 16 Retail, leisure and hotels 24 Student, education and research 30 Development map 34 Endnotes 36 Contacts 37 Why? Where? What? A report that measures the volume of Central Manchester and Salford Developers building new schemes or development taking place across City Centre, excluding MediaCity:UK undertaking significant refurbishments Central Manchester and Salford City exceeding any of the following sizes: Centre and its impact. Property types office – 10,000 sq ft; retail and leisure include residential, office, hotel, retail 10,000 sq ft; residential property and leisure, student accommodation, – 25 units; education, health care education and research facilities, and research – 10,000 sq ft; hotel and health care. – 35 rooms. When? orthern Gatewa Data for the Crane Survey was recorded between 11 January 2019 and 13 December 2019. Central Salford Eastern Cit Core Gatewa How? The local Deloitte Real Estate team Spinningfields/ has monitored construction activity St Johns and planning permissions granted over a number of years, supplemented Southern Arc by rigorous field research. This research has been verified by industry contacts and in-house research teams. Levelling out | Manchester Crane Survey 2020 Foreword As a consequence, 2019 has seen a number of developers seeking to promote alternative models of city centre accommodation in the form of co-living aimed at a target market which includes the young talent needed to continue to support a dynamic and growing core to the conurbation. This has prompted Manchester City Council to develop guidelines to inform their decision making processes in relation to co-living schemes. -
Evidence Review
Greater Manchester: Evidence Review November 2018 Greater Manchester: Independent Prosperity Review Background Paper 1 The Greater Manchester Prosperity Review In the 2017 Autumn Budget and as part of the city region’s sixth devolution deal, Greater Manchester Combined Authority (GMCA) and Government agreed to work together to develop one of the UK’s first local industrial strategies. The GM Local Industrial Strategy will reflect the main themes of the national Industrial Strategy White Paper whilst taking a place- based approach that builds on the area’s unique strengths and ensures all people in Greater Manchester (GM) can contribute to, and benefit from, economic growth. A robust and credible evidence base is critical to underpin the Local Industrial Strategy and to make the case for what needs to be done to deliver growth for Greater Manchester and its residents. It will also be critical to ensure buy-in from local and national public and private stakeholders – building on the success of the Manchester Independent Economic Review (MIER)1 a decade ago. Development of the evidence base underpinning the Local Industrial Strategy is being taken forward under the Greater Manchester Independent Prosperity Review. The review is being led by a panel of independent experts chaired by Professor Diane Coyle (Bennett Professor of Public Policy, University of Cambridge). The other members of the panel are: Professor Ed Glaeser (Professor of Economics, Harvard University); Stephanie Flanders (Head of Bloomberg Economics); Professor Henry Overman (Professor of Economic Geography, London School of Economics); Professor Mariana Mazzucato (Professor in the Economics of Innovation, University College London); and Darra Singh (Government & Public Sector Lead at EY). -
Northern England- Destination Highlight Cheat Sheet
Northern England- Destination Highlight Cheat Sheet Focus #1: ACTIVE LAKE DISTRICT: Guided hiking in the famous “fells” or mountains of the lake district making use of the traditional steam boats to journey to and from the trail heads. LAKE DISTRICT: Grizedale Forest Park is a haven for adventure pursuits such as guided walking, climbing and mountain biking. The choice is yours! YORKSHIRE DALES: Conquer the 3 peaks of Pen-y-ghent, Ingleborough and Whernside with your own private outdoor guide. YORKSHIRE COAST: Join your private guide to explore the impressive 26 miles of coastal cliff top trails, quaint fishing villages and breathtaking views. YORKSHIRE: ROAD CYCLING: So many amazing options! Hilly in places but good tea shops en route and made famous by the Grand Depart of the Tour de France Focus #2: CULINARY LAKE DISTRICT: CUMBRIA: Explore the culinary delights of the region with a private cookery lesson in the heart of the scenic lake district national park. YORKSHIRE DALES: The region is famous for its cheeses so why not have your clients learn for themselves by joining a 1 day cheese making course with a local expert. LAKE DISTRICT: Many microbreweries to tour and visit (Hawkshead, Keswick, Jennings area). Award winning gin & vodka lakes distillery now open too in Cumbria region! Focus #3: CULTURAL LAKE DISTRICT: Visit the former homes of renowned literary figures William Wordsworth’s and or Beatrix Potter followed by a relaxed steam boat ride on Lake Windermere. LAKE DISTRICT: Visit the ruins of a 12th century abbey and discover limestone plateaus interspersed with ancient stone circles, burial mounds, and prehistoric settlements.