Ashall Living - Affordable Housing February 2021

People Who Build For People

www.ashallproperty.com Ashall Living - Affordable Housing February 2021

Introduction Ashall Property Group

Established in the 1930’s, Ashall Property has been developing and managing property throughout the UK for over 80 years. The company first made a name for itself as an award-winning quality house builder and contractor before moving into commercial, leisure and retail property development and asset management.

Ashall have built over 6,000 quality new Contractors, Professional Advisers, homes and have a highly experienced Investors and Funders. We are delighted to team who together have delivered a be currently working with Middlesbrough further 20,000 homes. With our focus on Council, in the development of a 200,000 quality of design and we are square foot Grade A office building in looking forward to our future in the new Middlesbrough-Centre Square. homes market. In addition to sourcing and negotiating Recently, we have developed projects with direct property transactions, we also work an investment value in excess of £500m, with our partners to implement Centre Square, Middlesbrough comprising over 1 million square feet of appropriate capital structures, procure office and commercial space. This has third party financing and provide included the development of Cobalt Park, proactive asset management and the UK's largest office park, in conjunction development services. Ashall Property is a private with a joint venture partner, and the award winning refurbishment of the Grade II* property investment and listed former Royal Insurance building in development company Liverpool and its conversion into a 116 room which focuses on creating Aloft Hotel. investment value through To assist in the successful planning, property development and financing and success of a project, we asset management. involve all partners, including Councils, Aloft Hotel, Liverpool

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Overview To The Nation’s Housing Shortfall

The current Government has confirmed it’s The residential market continues to outperform market expectations and commitment to solving the nation’s housing shortfall, those of most other sectors. an objective that was supported by two previous administrations and has committed funding to In addition residential development has been identified by Government as achieve this at unprecedented levels. one of the corner stones of economic growth and recovery from the pandemic.

The Governments focus on support and delivery of the residential market is evidenced by the actions of the Treasury with the Stamp Duty holiday, in addition to the large suite of initiatives also announced over the last 12 months.

The Government’s aspiration is to deliver The target being to deliver 300,000 1 million new homes new homes during the current parliament. per annum.

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The Opportunity To Provide Affordable Housing

It is clear that there is strong demand for new housing With an enviable reputation for and that finding a way of meeting this demand is a key building high quality homes and priority for the Government. It is equally clear that working in partnership with local there is a significant ongoing shortfall in supply - authorities, Ashall Living will particularly in respect of social affordable housing. deliver homes to meet the countries needs.

A large number of Councils and are either not willing or able to make *Image for illustrative purposes only. substantial numbers of people on their up the shortfall. Most of the registered housing waiting lists and that, even providers do not have the land and where they have their own delivery systems in place to round up housebuilding companies, they have the numbers of homes they build. In not been able to reduce the length of addition, many of the major these lists year on year. housebuilders who do not have For example, Salford Council has 5,876 significant ‘Partnership’ divisions people waiting for affordable, social believe that the affordable / social and bespoke accommodation. housing market is less than attractive and prefer to focus their efforts in the The latest data regarding housing more lucrative private sector market. completions across the district reveal 1,496 net additional homes were delivered in 2017/18, yet only 241 we’re affordable. Recent modelling National Affordable Help To Buy suggested an affordable housing need Home Building Housing Equity Loan of 600 dwellings per annum, compared Fund Programme Scheme to the 300 currently being delivered. £7.1b £12.2b £5.3b (2021-2025) (2021-2026) (2021-2023) Our research into the market indicates that the current participants

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Company Structure At Ashall Living

Mark Ashall Gary Hardy Philip Urmston Roger Williams Adam Coe Chairman Operations Director Finance Director and Director Projects Director Company Secretary

Mark has been a director of Ashall Gary has been a Senior Director of Philip graduated from Sheffield Roger has worked for the Ashall Adam is a Chartered Quantity Property for 20 years and has major house building companies University in 1985 and has been a Group for over 40 Years. He has Surveyor and has over 15 years’ extensive experience in all for over 30 years and has been qualified Chartered Accountant extensive knowledge of the experience as a aspects of real estate involved with the delivery of many for over 30 years. Construction and Property and Quantity Surveyor. development, investment and thousands of new homes across Development Industry. He has worked with the Ashall asset management. the North West and Yorkshire. He has successfully delivered a Group for over 20 years, providing During this period he has had wide range of projects in the Following the successful A former Regional Chairman of accounting, finance support and oversight on a range of housing Residential, Leisure, Retail and development of Cobalt, one of the the he modelling and advice on tax and developments from affordable to Commercial sectors. Adam has UK’s largest office parks with a has joined the Ashall Living team corporate finance. executive homes. the ability to add value whilst joint venture partner, Mark has to augment the already existing achieving cost certainty. broadened the company’s focus high level of experience and add to include hotel and residential his own extensive industry development. The latter marks a network, knowledge and drive to return to the company’s roots as the business. a quality housebuilder.

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Our Philosophy For Corporate Responsibility

*Image for illustrative purposes only. We are at the forefront in delivering the following industry standards

Environmental, Zero Carbon Social & Governance Policy

Clean Energy Water Recycling

All our homes will be built to deliver energy efficiency and in a manner that will allow future amendment of It is our commitment to have moral and corporate them to suit the zero carbon national targets as technologies evolve. responsibility at the core of the business. This includes sourcing materials from sustainable Using low carbon heating in our high energy efficient homes will produce a significant reduction in emissions sources via contractor and supplier engagement. compared to current levels. Our commitment to All our homes will be built utilising the most appropriate meeting the new energy standards will also ensure we and latest energy efficiency standards with built in are zero carbon ready by 2025. By building homes fit for the future, we will reduce energy consumption, lower adaptability for future new innovation and a household bills, help protect the environment and zero-tolerance approach taken by all partner companies. contribute to a greener future.

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Operating area

The Ashall Living team have been involved in the delivery of over 20,000 homes across the North West and Yorkshire.

Harrogate Poulton-le-Fylde Burnley Blackburn Bradford Leeds Preston Halifax Southport Bury Rochdale Huddersfield Wakefield Wigan Oldham Bolton Liverpool Barnsley Rotterham Warrington Stockport Sheffield Many homes are remarketed years Macclesfield after they were sold by us with the tag ‘Ashall Built’ indicating the value attached to our quality homes. Where the team have built before.

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Our Method

Ashall Living will identify land opportunities and negotiate, subject to planning consent, deals with landowners. Prior to acquisition we will source a Registered Provider with an appetite for the acquisition of the homes in a geographical area of the site.

The agreement with the Registered The skills required to contract the Provider will be to purchase the site acquisition and Registered Provider from Ashall Living who will inturn build disposal/build contract and run the the consented scheme for the planning application being legal, Registered Provider. planning architectural and engineering will all be outsourced to a suite of The scheme will be developed in consultants developed by Ashall Living. concert with the Registered Providers mix requirements and Ashall Living will submit and run a planning application.

Once planning consent is received the “Delighted to be working with Ashall Living” land would be purchased by Ashall living and contemporaneously sold to the Registered Provider. Ashall Living will then Robert E. Fry & Associates Ltd build the scheme utilising a previously sourced and experienced contractor.

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Ashall Living Eleven Abbots Park Preston Brook Cheshire WA7 3GH

T +44 (0)1928 280160 F +44 (0)1928 280180 E [email protected]