MONTAGU EVANS ADVISES ON... VIABILITY HOW CAN WE HELP?

PLOTTING A CLEAR ASSESSING THE POTENTIAL ROUTE THROUGH LOCAL TO USE VIABILITY TO JUSTIFY AFFORDABLE HOUSING PLANNING GAIN, FOR POLICY AND POLITICS. EXAMPLE HIGHER DENSITY.

IDENTIFYING THE MOST SUITABLE AFFORDABLE ASSESSING THE LEVEL OF TENURES FOR YOUR SCHEME, AFFORDABLE HOUSING AND ADVISING ON THEIR THAT YOUR SCHEME CAN VALUE. SUPPORT.

PREPARING A FINANCIAL NEGOTIATING AND REACHING WHY VIABILITY ASSESSMENT AGREEMENT WITH THE IN SUPPORT OF YOUR LOCAL AUTHORITY AND THE MONTAGU EVANS? PLANNING APPLICATION. GLA. Our expert Viability team have an excellent track record of optimising schemes to meet their clients’ NEGOTIATING WITH THE objectives. Working in partnership with leading DRAFTING THE VIABILITY LOCAL AUTHORITY WHEN town planners we provide holistic market-focused REVIEW CLAUSE IN YOUR A REVIEW MECHANISM IS advice from scheme inception through to the S106 AGREEMENT. TRIGGERED. granting of planning permission and beyond. IN FY 2019/20 THE VIABILITY TEAM...

ADVISED ON DEVELOPMENTS THAT WILL DELIVER OVER 31,000 HOMES ACROSS AND THE SOUTH EAST

WORKED WITHIN 29 OF THE 32 LONDON BOROUGHS

ADVISED ON SCHEMES PROVIDING 1,630 BUILD-TO-RENT UNITS AND 1,705 STUDENT BEDS MILTON KEYNES COLCHESTER

ADVISED ON SCHEMES RANGING FROM 3 UNITS TO 5,000 UNITS

SWINDON READING LONDON

BOURNEMOUTH BRIGHTON

ALL OF OUR SCHEMES FROM FY 2019/2020. Borough: London Borough of Sutton Client: Watkin Jones Former Use:: Cleared site Scheme: 165 BtR apartments within a 22 storey building Value: £50m Affordable Provision:: 20% Discounted Market Rent by habitable room

Some of our clients include… CHESHUNT LAKESIDE, CHESHUNT EN8 9SU Clientslients logoslogos listedlisted but need to check we’re allowed Taylor Wimpey Borough: () AOPTIMISING DIFFERENT YOUR WAY OF DEVELOPMENT... THINKING... Client: InlandInland HomesHomes Countryside Former Use:: Mixed commercial Fairview New Homes Scheme: Major regeneration includingincludingincluding 1,725 CHESHUNT LAKESIDE, WINSTANLEY & YORK ROAD ESTATE, apartments (inc. 205 for BtR); 19,000 sq. m. CHESHUNTCHESHUNT, EN8 EN8 9SU 9SU CLAPHAM JUNCTION, SW11 2EL Clarion Peabody commercial; primary school BROXBOURNE (HERTFORDSHIRE) LONDON BOROUGH OF WANDSWORTH Value: £650m CLIENT: InlandInlandInland HomesHomesHomes Value: £650m Dolphin Living CLIENT: Taylor Wimpey & LB Wandsworth (Joint Venture) FORMERFORMER USE:USE: Mixed commercial Affordable Provision: Minimum requirement of FORMERFORMER USE:USE: Housing estate with supporting Affordable Provision:: SCHEME: Major regeneration including 1,725 commercialcommercial andand communitycommunity usesuses 11% across wider site. Phase 1 (796 units) apartmentsInland Homes (inc. 205 for BtR); 19,000 sq. m. commercial; 11% across wider site. Phase 1 (796 units) InlandInland HomesHomes SCHEME: Major estate regeneration including 2,550 primary school includes no affordable housing apartments (including BTR), a 15,000 sq. m. community includesincludes nono affordableaffordable housinghousing VALUE: £650m£650m and leisure centre and a 2.5 ha park AFFORDABLECurlew Capital PROVISION: Minimum requirement of VALUE: £1.25bn£1.25bn 11%11% acrossacross widerwider site.site. PhasePhase 11 (796(796 units)units) includesincludes nono AFFORDABLE PROVISION: 35%35% affordableaffordable asas aa rangerange affordable housing of tenures Borough:Borough: LondonLondon BoroughBorough ofof SuttonSutton Pocket Living of tenures Client:Client: Watkin Jones Former Use: Cleared site FormerFormer UseUse:: ClearedCleared sitesite NHS Property Services Scheme:Scheme: 165165 BtRBtR apartmentsapartments withinwithin aa 2222 storeystorey 24-34 SUTTON COURT ROAD, 11 VINYLVINYL SQUARE,SQUARE, THETHE OLDOLD VINYLVINYL buildingbuilding + map pinpointing all of our schemes from 2019/20 Value:Value: £5£50m0m SUTTON,Homes SM1 4SL FACTORY, HAYES, UB3 1DG Post Code AffordableAffordable ProvisionProvision::: 20%20% DiscountedDiscounted MarketMarket LONDON BOROUGH OF SUTTON LONDON BOROUGH OF HILLINGDON RentRent byby habitablehabitable roomroom SE11 5EL CLIENT:LocatED WatkinT Jones CLIENT: JosephJoseph HomesHomes N7 0NA FORMERFORMER USE:USE: Cleared site FORMERFORMER USE:USE: Vacant site SCHEME: 165 BtR apartments within a 22 SCHEME: 125 apartments and 395 sq. m. of commercial SCHEME: 165165 BtRBtR apartmentsapartments withinwithin aa 2222 SCHEME: 125125 apartmentsapartments andand 395395 sq.sq. m.m. ofof commercialcommercial SW4 0QL storeystorey buildingbuilding spacespace withinwithin anan 1111 storeystorey buildingbuilding VALUE: £50m VALUE: £52m TW12 2AA VALUE: £50m£50m VALUE: £52m£52m AFFORDABLEA different PROVISION: way of thinking… 20%20% DiscountedDiscounted MarketMarket AFFORDABLE PROVISION: 35%35% affordableaffordable withwith aa 70%70% WD23 3AQ Rent by habitable room Shared Ownership and 30% Affordable Rent split N17 9NE X4 case studies Case studies 709 HARROW ROAD, SUDBURY, HA0 2LL SW16 2Jj 709 HARROW ROAD, SUDBURY, HA0 2LL E2 9HE E2 9HE CHESHUNT LAKESIDE, CHESHUNT EN8 9SU Borough: London Borough of Brent RH1 3BP WESTBorough: HERTS London COLLEGE, Borough of Brent 709 HARROW ROAD, Borough:Borough: BroxbourneBroxbourne (Hertfordshire)(Hertfordshire) KINGSClient: LANGLEY Private Individual CAMPUSCAMPUS, WD4 WD4 8LZ 8LZ SUDBURY, HA0 2LL BH15 4AR Client:Client: InlandInlandInland HomesHomesHomes Former Use: MOT testing centre FormerFormer UseUse::: Mixed commercial THREEFormer RIVERS Use DISTRICT:: MOT testing COUNCIL centre LONDON BOROUGH OF BRENT Scheme:Scheme: Major regeneration includingincludingincluding 1,7251,725 Scheme: 22 apartments and 210 sq. m. of B1 CLIENT:Scheme: West 22Herts apartments College and 210 sq. m. of B1 CLIENT: Private Individual apartmentsapartments (inc.(inc. 205205 forfor BtR);BtR); 19,00019,000 sq.sq. m.m. FORMERFORMERoffices USE:USE: within Educational a 6 storey facilities building FORMERFORMER USE:USE: MOT testing centre commercial;commercial; primaryprimary schoolschool offices within a 6 storey building SCHEME: 6565 apartmentsapartments withinwithin aa 55 storeystorey buildingbuilding SCHEME: 2222 apartmentsapartments andand 210210 sq.sq. m.m. ofof B1B1 officesoffices Value:Value: £650m£650m Value: £10m VALUE: £21m£21m within a 6 storey building AffordableAffordable ProvisionProvision::: Minimum requirement of AFFORDABLEAffordable PROVISION: Provision 0%:0%: 3 Shared Ownership units 6VALUE:6 storeystorey £10m buildingbuilding 11%11% acrossacross widerwider site.site. PhasePhase 11 (796(796 units)units) VALUE:AFFORDABLE £10m£10m PROVISION: 3 Shared Ownership units includesincludesincludes nonono affordableaffordableaffordable housinghousinghousing (14%(14% byby unit)unit) (14%AFFORDABLE by unit) PROVISION: 33 SharedShared OwnershipOwnership unitsunits (14%(14% byby unit)unit)

++ map pinpointing all of our schemesschemes fromfrom 2019/202019/20 PostPost CodeCode SE11SE11 5EL5EL 24--34 SUTTON COURT ROAD,, SUTTON, SM1 4SL N7 0NA SW4SW4 0QL0QL TW12TW12 2AA2AA WD23 3AQ N17 9NE SW16SW16 2Jj2Jj E2E2 9HE9HE RH1RH1 3BP3BP BH15BH15 4AR4AR SOME OF OUR CLIENTS INCLUDE... JONATHAN GLAISTER IS A PARTNER SPECIALISING IN VIABILITY Jonathan has over 1112 years’years’ experienceexperience ofof providingproviding development consultancy advice, specialising in the provision of Financial Viability Assessments and advising developers on S106 Agreements.

D: 020 7312 7493 M: 07818 012 493 E: [email protected]

JONATHANWILL SEAMER GLAISTER IS A PARTNER SPECIALISING IN VIABILITY JonathanWill advises has landowners over 11 years’ and experiencedevelopers ofon providing wide- developmentranging viability consultancy matters in advice, order that specialising their schemes in theare provisionoptimised. of Financial Viability Assessments and advising developers on S106 Agreements.

D: 020 7312 74937438 M: 07818 012 493438 E: [email protected]@montagu-evans.co.uk

JONATHANHARRY WACKETT GLAISTER IS AAN PARTNER ASSOCIATE SPECIALISING SPECIALISING IN VIABILITY IN VIABILITY AND AFFORDABLEJonathan has HOUSING over 11 years’ experience of providing developmentHarry has significant consultancy experience advice, in specialising financial inmodelling theof proposed provision developments, of Financial Viability appraising Assessments various and advisingaffordable developers housing tenures on S106 as Agreements. well as assessing the existing use value of a development site.

D: 020 78667312 74938679 M: 0781807919 012499 493633 E: [email protected]@montagu-evans.co.uk MEET THE TEAM... FOR MORE INFORMATION ABOUT OUR THINKING MONTAGU-EVANS.CO.UK

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