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Build to Rent Services Developing Homes for the Rental Sector

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Build to Rent Services Developing Homes for the Rental Sector Build to Rent Services Developing homes for the rental sector Real Estate and Infrastructure BEYOND We create tomorrow’s prosperous and connected places. We start by understanding our client’s business and how we can deliver beyond traditional real estate and infrastructure services. We deliver the homes we live in transforming our places and organisations by utilising real estate as a catalyst. We share upside and risk by identifying surplus and accelerating disposals to generate income. We deliver the infrastructure that connects us and see beyond the physical presence of buildings and infrastructure to release and create value in what we do in partnership with our clients. Beyond is about being a leading property and infrastructure business that promises and delivers the very best experience to everyone who comes into contact with us. 2 Introduction Build to rent is one of the fastest growing sectors in the UK. With increasing demand for high quality rented accommodation, the build to rent model has emerged as a popular solution for housing delivery. BEYOND We continue to see growing appetite for investment from national and international funds. Our special relationship with Capita Asset Services (who administer funds on behalf of over 150 asset managers) means that we are able to connect you to the abundant availability of institutional capital for Deborah McLaughlin investment in residential property. We have a highly experienced skilled team with specialist knowledge who can provide an ‘end to end’ Build to Rent service for you or your clients. This guide has been created with you in mind to demonstrate our specialist We cre- knowledge and experience and how the wide range of services we offer can help unlock sites to enable the delivery of the new homes we know the UK ate to- needs. I hope that you find what we offer useful and would be only too happy to help mor- you with opportunities in this growing market. row’s Deborah McLaughlin Chair, Capita's Housing Delivery Board 3 The future of build to rent Boost Economic Quality supply growth and choice Build to Rent can boost housing supply By speeding up development on Build to Rent schemes are built and professionally in a number of ways: the availability sites that might not otherwise come managed on a scale that typically allows a higher of institutional investment creates a forward, Build to Rent schemes level of services (e.g. on-site concierge) and source of capital to support housing can contribute to town centre amenities (e.g. communal space) to be offered to development. regeneration and accelerate local their customers. authority revenues in the form of On larger sites, Build to Rent schemes council tax, new homes bonus and In addition many build to rent schemes are can be developed faster than homes business rates and creating economic introduced by a single ownership or management built for sale because of existing value for surplus public land. Also which results in more attractive public realm demand for rented accommodation. a number of cities see Build to Rent spaces surrounding the development. as a way to attract and retain the Modern methods of construction all-important skilled labour force that For apartments, investors tend to maintain not are often employed such as offsite their local economy needs only the apartment itself, but also the building construction. and the wider public realm; which is more likely to encourage continuity of tenancy and a retained income stream. This income-driven model also means that Build to Rent landlords offer longer terms. 4 Our national network National network of offices across the UK • Bath, • Manchester, • Belfast, • North Tyneside, • Birmingham, • Nottingham, • Blackburn, • Oxford, • Breckland, • Plymouth, • Bristol, • Preston Brook, • Cambridge, • Redditch, • Cardiff, • Salford, • Carlisle, • Sheffield, • Cheltenham, • Southampton, • Colwyn Bay, • Sunderland, • East Grinstead, • Sussex, • Edinburgh, • Teforest, • Glasgow, • Warrington, • Leeds, • Watford • Livingston, • London, 5 Market Challenges Creating the right product Modern Methods of Construction With the right location and planning in place, ensuring the right Capita are experts in modular building design. We have applied product is created for your target market is crucial to its success. our knowledge to the development of student residences for Understanding what potential residents want and creating a a range of clients in cities across the UK. We’ve helped clients cost-efficient specification with the features and amenities the such as Victoria Hall and CRM Students to develop modular, end-user wants. high-rise student residences in cities such as London and Newcastle. We use specialist software in order to engage This is where we can help. Our multi-disciplinary teams include pre-fabrication installers which reduces the on-site construction urban design and state-of-the-art architectural services led by period. Capita has a track record in delivering design for ESA Architecture and Design which is part of Capita Real Estate steelwork to mechanical, electrical and public health design in and Infrastructure. the production of pre-manufactured pods. 6 Integrated Financial Services Integrated financial services for Build to Rent Link Asset Services is one of Europe’s leading providers of corporate and In our experience, Build to Rent sites are acquired through a variety of fund services and Europe’s largest independent loan servicer connected to corporate structures such as a special purpose vehicle company, JPUT, GP/LP almost every major lending institution. This means we can source, structure etc. It is also not unusual to see a combination of structures to suit multiple and secure financing for Build to Rent investors. investor requirements. Our financial services at a glance Whatever your structure we are here to help. With offices in key strategic locations including UK, Jersey and Luxembourg amongst others, we are well Our corporate and fund solutions are tailor-made to placed to support Build to Rent investors and deliver an integrated suit your structuring needs and include the following: solution. • Incorporations & company /fund • Management and financial reporting administration • London Stock Exchange, TISE listing • Registered office/domicilation services & compliance support For more contact • Company secretarial, meeting support • AIFM services Richard Geary and statutory record keeping • Custody and depository Head of Business Development • Registrar services • Transfer agency T+44 (0) 1543 847443 • Real Estate Finance E: [email protected] 7 Why choose us? Understanding build to From planning We are rent residential markets to delivery doing it We combine our technical services We provide a total solution for our As simple as it may sound, Capita has with specialist skills linked to our build to rent clients, offering a wide been spearheading the sector as one understanding of residential markets, range of services from design to of the first construction consultancies local authorities and housing masterplanning and securing viable to set their sights on Build to Rent. associations. That means we can planning permission, to project and We have been supporting a range of provide technical services rooted in cost management to lifecycle real developers to deliver purpose-built, deep knowledge of the markets we estate and asset management; our private rented units for a range of operate in. Our case studies show teams of specialists work together in clients over the past few years. This the breadth of residential experience multi-disciplined teams or as a single is helping us to develop a solid track we have from working with property service according to the requirements record that will ensure confidence for developers to social landlords, central of our client. our current and future clients. and local government and more. We bring all of this expertise to our A key consideration will be viability relationship with clients. services. There is potential flexibility in terms of design for a build to rent scheme. Our experienced advisors can guide you through this process. 8 A tried and tested approach Capita’s capability spans the full range of the build to rent lifecycle. We seek to help our clients to add value to projects at every stage of the process. Our master planning, monitoring services link to the Real Estate arm of our Real Estate and Infrastructure business. This means the right product and solution for the site is factored in throughout the process of securing and acquiring. With the support of Capita Asset Services to help clients implement the corporate structure for the site aquisition we are able to help you, our client, with an integreated end to end solution. Land search Site Planning Funding acquisition £ Capita Asset Services is Capita Real Estate and Infrastructure undertake bespoke site find finding instructions for Build to Rent Europe’s largest independent developers. Using our Major Opportunity Site Tool (MOST), together with our on the ground knowledge, we loan servicer and connected identify new site opportunities for clients. MOST allows us to use a clients locational requirements (for example to almost every major lending proximity to existing/planned transport infrastructure, planned investment or town centres) and marry this with institution which means we opportunities in terms of current site use optimisation and planning. In addition, we bring our knowledge of the can source, structure and varying approaches for Build to Rent seen in Local Authorities, high level contacts in Local Planning Authorities secure financing for Build to and Estate Departments, together with our commercial expertise to refine searches. Having established Rent investors.and service their deliverable site opportunities our Development Consultancy team will assist in site acquisition and delivery. corporate vehicle. 9 Our projects We are working on a number of build to rent projects across the UK for a range of new clients and through our long-term partnerships. Greenford Green Location: Greenford Green, West London Client: Greystar Europe Holdings Ltd.
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