Savills Development Services
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Savills Development Services Providing a bespoke fully-integrated service from site identification through to product delivery 1 Contents 01 05 09 Introduction to Residential Recent Savills 02 Capital Markets 10 Transactions 18-21 02 06 10 Overview Residential Key 04 Development Sales 12 Contacts 22-23 03 07 11 Development Residential National 06 Valuation 14 Network 24 “I want to say thanks to you and to Savills for your excellent work on One Grosvenor Square. The whole team went above and beyond in 04 08 understanding the needs of a client like the Planning Mixed-use Government of Canada and consistently 08 Development 16 responded to our concerns with professional advice. I felt throughout that you were truly committed to us.” Front Cover Helix, Trafalger Way, Canadian High Commissioner London E14 to the United Kingdom Savills Role: Sold for £15 million for Trafalger Way 2 01 01 Introduction to Savills Savills is one of the world’s largest real estate firms. Established in 1855, we now have over 27,000 employees in over 600 offices 600 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the and associates across Middle East. Through our advice, our property management capabilities and the the world transactional services we provide, we help our clients to fulfil their real estate needs – whatever and wherever they are. 92 offices Savills UK operates across 92 offices across the UK nationally and services the full spectrum of the real estate sector through our 150 different service lines. We provide a complete range of property solutions throughout the lifecycle of any real estate Over 150 asset nationwide. service lines A unique combination of sector knowledge and flair gives clients access to real estate expertise of the highest calibre. We are regarded as an innovative organisation and a number of recent market awards are a testimony to our success. 2014 2013 WINNER 02 03 02 “As ever, our clients remain the key focus of Overview our business and we continue to implement initiatives dedicated to providing a bespoke high level of service.” Richard Rees Head of UK Development Richard Rees £22 billion Head of UK Development residential development schemes advised on in 2013 2013 was a strong year for Development Services at Savills. We advised on 41,000 acres of development land with capacity for circa Sold £3 billion 380,000 residential units. We were responsible for selling 30 > Initiating a Savills Development of development land per cent of all London residential property Database, which gathers information in 2013 over £5 million and we spearheaded the on over 8,000 sites with 2.1 million sale of One Grosvenor Square for residential plots, means that we can £306 million, the year’s biggest single-unit provide our clients with premium level deal.We also broke £/psf new home records market intelligence. Acted on 41,000 in Winchester, Canford Cliffs and Salcombe. > We have also responded to client needs acres of strategic land The relocation of our global headquarters in by developing interactive digital price London has provided the perfect platform maps for buyers and sellers, enabling covering over 380,000 for dynamic cross-disciplinary working, them to review past transactions and enabling us to provide clients with the full predict future performance of property plots in 2013 suite of real estate services. types in different locations. > For our buyers and investors, we utilised As ever, our clients remain the key focus of our market leading research capability to our business and we continue to implement launch a Market In Numbers campaign initiatives dedicated to providing a bespoke to provide more localised pre-purchase high level of service. information. Key initiatives include: > In order to help bring our clients’ projects to life, we have invested in > The creation of a London Development augmented reality and 3D printing on and Regeneration team to adapt to key flagship developments. market trends and meet impending The strong foundations set in 2013 means demand in the Greater London area. that Savills Development Services are Specialising in the London residential perfectly-placed to continue to build on the market, this team will work in partnership strength of the team to ensure our clients’ with clients to deliver a fully-integrated needs remain at the heart of our business. service on a case by case basis. Opposite > Former Dairycrest Site, Centre House & Stadium House, London W12 Savills Role: Acquisition 04 05 03 “Savills Development always deliver and their Development advice and consultancy has proved to be invaluable at each stage of the project. From well-researched and considered market advice to expert design consultancy and the fulfilment of last minute Ensuring clients are given market leading requests for reports, they always deliver on time and advice at every stage is our priority. on point. The team are extremely professional yet hugely enjoyable to work with.” Nikki Gibbard Helical Bar From site identification through to product delivery, Savills Development Services provides a bespoke and fully-integrated More than 490 service. The whole process is driven by innovative, top quality research tailored to your individual needs. national development The Savills Development Process specialists Site Sourcing and Land International Development Consultancy We provide fantastic market knowledge and expertise across every stage of the development process. We source development sites across all Providing consultancy services on property sectors and every geographical residential and integrated resort More than 50 region. developments. Planning and Design Research Sourcing research publications Site Identification Strategic Land Helping you maximise the return on your Our Research team offers buyers and Sourcing released annually investment. investors expert advice on investment Options/Joint Ventures Land Sales/Acquisitions strategy, market trends and house price Sourcing Development Viability developments. We can also provide We help clients to ensure that their innovative analytical services such as Research Appraisals/Modelling More than 8,000 developments are viable and deliverable. geo-mapping, data analysis and survey Vision & design. Viability sites, 280,000 acres and Development Valuations Place Making Valuations 2.1 million residential We find investors and debt providers Development Database for projects across all residential and Capturing over 8,000 sites, 280,000 units captured by the commercial sectors. acres and 2.1 million residential units, this Urban Design/Master Planning Sustainability & Energy database tracks sites through the strategic development database Funding and Development promotion, planning and construction Planning Consultancy Development Consultancy Enhancement Value Matching capital with opportunity in the process, analyses the supply pipeline in any Design & Planning residential investment and development area and sees where companies are active. Development Management Environmental Assessment sectors. A reporting function generates custom reports and site maps. Marketing & Sales Consultancy Hotel Operator Search Delivery Our team can provide full project management services. Enhancement Value Planning Permission Project Management Delivery JV/Funding Commercial Leasing New Homes Sales Product Sales & Commercial Investment Leasing Residential Investment Product Property Funds Property Management 06 07 04 “When you are dealing with Savills, you are dealing Planning with planners who are much more commercial than average and who can bounce ideas off their agency colleagues.” Securing the right planning permission is John Beresford Grainger critical to achieving value and enabling owners to use their land as they wish. The difference in value between a good and bad planning permission can be considerable. Our national team of planning consultants More than 200 has experience across the planning spectrum to ensure you always planners remain a step ahead in the planning process. Planning is a key, and often complex, Appraisals, Strategy and Team Building factor in all transactions involving land and To maximise your chances of obtaining 400 planning buildings and gaining permission is crucial planning permission, you need the right to a site’s value. Our national team of more strategy and team. applications in 2013 than 200 planning consultants understands this. Legal Agreements and Infrastructure Payments We have up-to-date knowledge of CIL payments and Section 106 agreements evolving policy and practice, considerable Promoting can make or break schemes. experience in building the case for planning 130,000 residential plots permission to be granted and a long track Stakeholder Engagement record of achieving positive results. nationally Effective engagement with local Applications and Appeals communities is now an essential part of the planning process. We prepare, submit and negotiate planning applications of all types. Sustainability and Environment Compulsory Purchase and Savills can advise on the latest sustainability Compensation and environmental considerations. We provide comprehensive advice in this Energy Planning often complex area of property advisory. We provide bespoke services to help you Regeneration and Urban Design complete your energy projects. Our Urban Design team are experts in Planning Policy securing urban regeneration on the ground. Influencing planning policy, whether at national, local or neighbourhood level,