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Build to Rent Services Allsop Have Contents Undertaken “ 1 Build to Rent Services Allsop have Contents undertaken “ 1. Allsop in numbers bespoke 2. The market demographic 3. Research and consultancy analysis on more 4. Management 5. Valuation and viability than 50 locations 6. Investment and development agency – UK wide 7. Why work with us? 8. Case studies 9. Client testimonials ” 10. Contacts 2 Build to Rent Services Build to Rent Services 3 1. Allsop in numbers Allsop have to “date advised on over £1.2bn of specialist Our coverage ALM manage over BTR investment/ £1.5bn+ development worth of residential property in the UK and valuation Client Survey projects 95% satisfied with service level provided Top 10 ranked Investment Agency Practice 0 ” £1.4bn transacted in the last year Ranked 14th UK property consultants on overall turnover 2,628 property transactions completed in the last year. That’s almost: 1* an hour, 9* a day, 46 a week, 197 a month (*a working day) Over the last two years approximately 10% of the investment portfolio market transacted by Allsop’s National Investment Team £1.034bn in the last year sold at auction Ranked number 1 auctioneers in UK During the 2010 Revaluation £70m+ savings for retailers Valued over on business rate appeals £13bn of property in the last year 4 Build to Rent Services Build to Rent Services 5 2. The market Everyone needs to live There has been much publicised around the weight London has taken back the majority gain of BTR somewhere. With the of money chasing UK purpose built residential rental homes with approximately 72,767 and 66,741 in combination of the long term developments from all corners of the world, the regions, with schemes in the regions having however we are now seeing who is actually outnumbered London in Q2 2018. shortage of housing and people’s investing and we are able to identify the specialist Here at Allsop, we have been busy working with expectations of better quality developers making BTR schemes a reality. housing, BTR is offering investors a large number of these active investors and The BTR sector is now firmly in the ‘development developers on a range of levels, advising on all a secure long term investment phase’, with the focus having shifted towards specialist areas within the emerging asset class. platform, robust to the wider construction of schemes and stabilised stock This service overview summarises our range of market concerns. As other asset management, including mobilisation of assets. expertise on all facets of BTR. We do not believe The British Property Federation (BPF) latest figures classes suffer from a range of that one single person can be an expert on all demonstrate this shift into the construction phase, uncertainties (we try not to things BTR, therefore the cohesive and joined up estimating an impressive 29,416 units completed mention the ’B’ word), large scale, approach Allsop has taken in combining skill sets and 43,374 under construction. The BPF estimate institutional grade residential to provide best in class advice is the next best thing. a further 66,718 units with planning permission. investment is proving attractive. Valuation Research & Consultancy Investment Management Analysis & Development Viability 6 Build to Rent Services Build to Rent Services 7 3. Research and consultancy Importance Our approach The team A joined up style Our approach • Consideration of customer of research to research to consultancy experience. Emma Hart is principally Having been involved in numerous • Development of a viable, Good research and ‘market There is no directly transferable responsible for our BTR research, BTR schemes across the UK, Working alongside architects, efficient and deliverable intelligence’ is crucial in order to blueprint for BTR. The viability of specialising in assessing the the team is able to provide planning advisors, project management budget. fundamental market drivers and consultancy on a wide range of thoroughly assess the viability of a a scheme is linked to the nuances manager’s and the wider design • Key inputs to and creation demand for rental product key BTR components, including; BTR opportunity. BTR schemes are of the micro-market and our team enables us to collaboratively of a working development at a granular, local level right management and operations, unique because they are long- clients strategic objective, create the best bespoke BTR appraisal and investment GDV. term commercial grade therefore our research is bespoke through to overarching market research and capital markets. proposition for a site. investments, with long-term to each client and is adapted fundamentals. Every element of the BTR advisory Other consultancy services include: residential rental occupation to suit individual developments. Emma is assisted on the research service can be utilised during The team in mind and therefore • Shaping product design, mix, Of course there are BTR by Vicky Lynch and George this phase to ensure careful comprehensive analysis of layout, amenity provision and Led by Andy Pointon and Lesley ‘fundamentals’ for ‘base case’ Metcalfe. consideration at every part the micro-market is required. specification for the demographic. Roberts, our consultancy services scenarios, however a product of the process, resulting in • Developing a product and service can involve every member In order for a BTR scheme to be varies in relation to the market so maximisation of value. proposition for the target audience. of our BTR team to provide successful, market research must one size doesn’t fit all. We work a comprehensive service. inform three essential principles. closely with our clients to • Cost vs benefit assessment of Firstly, what to build; including understand their requirements amenity, service, life cycle, product design and the amenities and add value at every level management provision with that should be provided; secondly, through tailored research. consideration for place making value and return; here research and design efficiency. must determine rental income and the best management strategy; finally, the proposition for investment; an understanding of how the market will respond and The team has experience in research the likely investor profile. Research and analysis for many different types of helps inform each of these strands. build to rent products across the UK and Our expertise and insight is instrumental in determining “has excellent capacity to access data planning, viability, due diligence and identify trends. We collectively tap and to inform further detailed consultancy. into our industry contacts and use our 100,000+ database of clients, investors, and residents, plus data from units under our management. ” 8 Build to Rent Services Build to Rent Services 9 4. Management Allsop Lettings and “ Management operate over 5,000 Management matters Our approach to The team residential units A thoughtful and comprehensive management Operating from our UK wide management strategy is critical to Allsop Letting and Management network of offices, the team is nationwide and creating a successful BTR scheme. (ALM) was established in 1990 and led by Lesley Roberts assisted by The management of an asset provides a specialist build to rent Matt Smith and Kelly Smith. Lesley, specialise in fundamentally determines the team which offers end-to-end Matt and Kelly have over 45 bottom line, whilst also shaping management solutions tailored years’ experience in the strategic institutional grade the complete resident and to optimise each asset and management of large scale customer experience, setting collectively portfolio returns. residential assets and portfolios Build to Rent assets the tone for the entire scheme and bring innovative and solution and its future success. The team combines the extensive focussed approach. experience of ALM in managing Exemplary management begins at large scale PRS portfolios, with the The operations team has inception; influencing investment breadth and depth of residential dedicated mobilisation, decisions, design, operation and investment experience at Allsop. operations, lettings, management, ” ultimately delivering perpetual value. marketing finance and IT Operating nationally, clients professionals, all of whom Value to investors will rely as much already benefitting from our specialise in their respective upon efficient and strategic service include; Realstar, Grainger, functions to ensure all bases are management, as locational PWC, DTZ IM, Shell, Dorrington covered from throughout the characteristics and underlying and Moorfield, providing services entire process. property values. Allsop provides a such as:- holistic and efficient management With over 50 staff across London, solution which ensures a laser • Product design and specification Brighton and Leeds, as well as 40+ sharp focus on the crucial • Service offering operating on-site, the team has ‘Gross to Net’ operating margin, • Resourcing the depth and experience to importantly, we do this without • Facilities, block and property meet the most challenging of compromising the essential management client objectives. customer experience. • Marketing • Lettings • In-residence care • Budget management • Fund reporting 10 Build to Rent Services Build to Rent Services 11 5. Valuation and viability The value of a well- Our approach The team considered valuation to valuation Andrew Wells and Rob Austen are Accurate property valuation is An ability to reflect the market is the Allsop partners principally essential for informing investment undoubtedly much easier to responsible
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