1 page 02 About page 04 Experience page 06 Partnerships page 08 Approach page 18 Buying page 24 Team page 28 Contact 2 3

About Delph Property Group believe in the power of partnerships.

That’s why, since 1948, we’ve been collaborating with developers and builders to realise their vision.

Whether you’re looking to sell a development pre-construction, fund a development off plan, sell completed stock or need someone to partner with for PRS, Delph is a forward thinking and experienced residential property company that can be relied on.

Est. 1948 Almost 70 years of experience in residential property 4 5

Experience Experience you can count on to build shared success. For almost 70 years, Delph Property Group has been investing exclusively in UK residential property.

Founded in 1948 by DJ Crocker, Delph is a family We buy off plan or completed apartment blocks business now run by brothers Paul and Howard. from 50 to 400 units in city centre locations across Since it was founded, Delph has been solely the UK. We also offer forward funding and large focused on residential property either through deposits to reduce risk for builders and developers. investing or developing, giving us unparalleled experience that sets us apart from other companies.

586 units

purchased in the last two years 6 7

Partnerships Working together to build for the future. We’re as committed as you are to making your development a success.

At Delph Property Group we like to do things a little differently. The power of this approach is evident in the relationships we We work collaboratively with builders and developers from have built over the years. If a builder or developer is offered start to finish on any project, taking pride in our ability to a residential site, we want them to see Delph as their partner provide expertise, support and specialist knowledge whenever of choice. it is required.

Every business relationship we develop is considered a partnership. As every project is unique we listen to individual needs and we work pro-actively to create a deal that is beneficial for everyone involved.

“Returning to Delph a second time was a no-brainer. Their team brings something to the table that I can’t find anywhere else. ”

- Gareth Morgan | Director, Fortis Homes Partnered with Delph on schemes in and totalling 207 units 8 9

Approach

These examples demonstrate the variety of ways in which we have recently helped builders and developers.

01 | Off Plan 02 | Forward Funding 03 | Pre-purchase Partnering 04 | Completed Stock 10 11

Approach 01| Off Plan

Delph Property Group offers deposits and staged payments of up to 40% on construction milestones. This helps cash flow for builders and developers and often enables better finance terms. It also cuts out sales risk and future marketing costs.

Aria Apartments,

Delph exchanged contracts on the Along with a straightforward exit Location: Number of units off plan purchase of a block of 93 strategy, Delph worked with Convoy to Leicester purchased: 93 apartments in Leicester city centre from produce a specification that met market Tenure: Convoy Investments. Construction requirements and helped the builder to Freehold Vendor: began on the apartment block in maximise its profit margins. Builder January 2016 which will comprise 19 studios, 25 one-bedroom units and 49 two-bedroom apartments.

Delph was approached by the builder “The nature of the deal with Delph has been great for us as it simplified in 2015 – a deal was quickly agreed and contracts exchanged in late the whole development process leaving us time to concentrate December. By selling to one buyer, fully on the construction of the apartments. I’ve found the team Convoy improved their cash flow, very amenable and we have worked well together agreeing the encouraged its bank to lend, and provided serious savings in interest specification and dealing with the legal process through to exchange payments and all sales and marketing of contracts.” - Kerry Beattie | Director, Convoy Investments costs allowing them to move quickly on to their next project. 12 13

Approach 02| Forward Funding

Delph Property Group is able to buy the land and fund construction on stage payments or interim valuations, subject to using a suitably robust building contractor. This allows builders and developers to clear the balance sheet, eliminate risks, and make large savings on marketing, sales and finance charges.

Merchant Square, Bedford Riverside

As part of the much anticipated Delph agreed to purchase and fund Location: Number of units regeneration of Bedford town centre the residential apartments prior to Bedford purchased: 46 led by Bouygues UK Ltd and Coplan construction commencing, thereby Tenure: Estates, planning permission was removing the associated risks of the Head Lease Vendor: granted for a mixed use scheme residential element of the scheme from Developer consisting of a 100 room hotel, a the mixed use developer. multi-screen cinema, high quality restaurants, residential apartments and a new market square. The 46 private “We are delighted to have worked with Delph, as our residential residential apartments occupy a prime location facing the River Ouse with all partner for our Bedford Riverside North project. Our respected skills of the one, two and three bedroom ensured that the needs of both the commercial and residential apartments having balconies and the occupiers were met in full through the design process, something that benefit of water views. is rarely achieved in mixed use developments. The legal process was straightforward and we look forward to working with Delph on future projects.” - Colin McQueston | Director, Coplan Estates 14 15

Approach 03| Pre-purchase Partnerships

If a site has planning permission granted, partnering with Delph Property Group prior to land purchase has many benefits. Not only can it help secure the deal, but it significantly improves cash flow and also helps secure better funding terms by completely eliminating any sales risk.

GQ7, Manchester

Delph acquired this significant The site has full planning consent Location: Number of units 15 storey apartment building in for 146 residential apartments, Manchester purchased: 146 Manchester City Centre’s Green 68 secure parking spaces and large Tenure: Quarter after partnering with Fortis communal garden. Head Lease Vendor: Developments. Having worked with Developer Delph on a previous development, Fortis approached us to partner them and with our assistance was able to secure the site just a short walk from Manchester’s Victoria station. “The funding model that Delph provides offers an attractive alternative to traditional bank finance. As a result we are pleased to have completed this second deal with them and we look forward to working with them again on future developments.” - Gareth Morgan | Director, Fortis Developments 16 17

Approach 04| Completed Stock

We will purchase part, or the whole of, a development once construction has been completed. Selling all the units in a single transaction can allow the developer to move onto their next project quickly and easily and ensure total exit from the scheme, while simultaneously reducing marketing and sales costs.

West Tower,

West Tower, Liverpool, was purchased At 40 floors, and at a height of 140m, Location: Number of units by Delph following an open market West Tower is Liverpool’s tallest Liverpool purchased: 106 campaign on behalf of the Receiver. building. The iconic mixed-use Tenure: skyscraper is ideally located within Freehold Vendor: During the highly competitive bidding Liverpool’s business district and boasts Receiver process, Delph was selected as the panoramic views across Liverpool and preferred buyer due to its strong offer the Mersey. and certainty based on its previous property purchases and reputation. “Our initial contact was with Nick Belkin, Head of Acquisitions, and after supplying the relevant information, viewings were arranged. Nick and his team attended the scheme and, within the proposed timescales, submitted a formal bid supported with the necessary proof of funds. Delph dealt with the acquisition professionally and to a timeframe that was mutually acceptable and appropriate to a sale of this nature.” - Shannon Conway | Director, Jones Lang Lasalle 18 19

Buying Step one

Builder/developer contacts Delph • Address • Plans and provides as much information • Schedule of accommodation We are a small, • External elevations/CGI’s as possible on the development • Planning history pro-active and Step two efficient team. Delph carries out desktop appraisal We have the ability to work quickly and of the scheme closely together to make decisions. Step three Wherever the scheme is located in the UK, we have We aim to carry out our due diligence and be in a systems and procedures in place to efficiently work position to make an offer to the builder or developer Delph visits the site to assess out the feasibility of each development we look at. within two weeks of receiving all the necessary information on the development. the scheme and carry out local due diligence

Step four

Department heads sign off scheme

Step five

Managing Director approval

Step six

Offer made 20 21

Delph in action

The Delph portfolio Delph Property Group has purchased Established residential developments across the UK.

UK Birmingham Battersea Bristol Bermondsey Camberley Blackheath 1948 Brentford Kingston upon Thames Chelsea Leicester Chiswick Liverpool Cockfosters Manchester Enfield We currently Up to Nottingham Hampstead Maida Vale Reading Paddington own over Redhill Peckham St. Neots St John’s Wood Swindon Victoria 40% Weybridge West Hampstead deposits paid Wroughton Wimbledon 1700 properties across the UK

We purchase developments of 586 50 to 400 4 18 units purchased in the last two years units 22 23

Recent acquisitions

The Foundry: Birmingham Arcus & the Bar: Leicester The Ink Works: London

Eclipse: Bristol Queensway: Redhill

West Tower: Liverpool Aria Apartments: Leicester

Horizon: Bristol Merchant Square: Bedford GQ7: Manchester Metalworks: Birmingham 24 25

Unrivalled development experience Our knowledgeable team work closely to ensure all risks are known, mitigated and value is added at all points 26 27

The Delph team

Paul Crocker Nicholas Belkin Managing Director Head of Acquisition

Paul has been working in the property Nick has been at Delph since 2006 and industry since 1978. Throughout his involved in property all his working life. career he has been primarily involved Heading up the acquisitions team, he has in building and running the group’s extensive knowledge of many cities across investment portfolio, originally with the UK and is always looking for the next the acquisition of blocks of flats let on exciting opportunity, as well as overseeing regulated tenancies and more recently on the due diligence and legal process. Away blocks let on ASTs. Paul enjoys keeping from the office Nick is a keen Sunday fit, watching Arsenal and skiing when his morning sportsman and family man. wife and four children allow it!

Richard Forman Head of Sales & Marketing

Richard has been working in the property industry since 1988, and has been at Delph since 1996. He oversees sales and marketing activity for the business, works closely with the acquisitions team during the purchase Howard Crocker process, and is responsible for pricing new Managing Director schemes and ensuring the locations, layouts and specification are suitable for our needs. Howard joined Delph in 1980. His initial Richard lives in South West London with his focus was mostly on developing in wife and two daughters. London with his brother Paul, including conversions of warehouses, schools and office buildings. Howard is now Stewart Booth responsible for new development Head of Construction acquisitions. Howard is married with four children and enjoys making rock albums, Stewart has been in the building industry playing guitar and has a large psychedelic for 30 years, 15 of these working with Delph. vinyl collection. Starting his working life on site on the contracting side of the business has given him a wide understanding of the processes of construction. Stewart plays a vital role in ensuring the delivery of Delph developments to a high standard across the country. Stewart lives in Kent with his wife and three children. 28

Contact us Progress your vision with us. Get in touch with our team. No matter how big your project is, we’re here to talk. Arrange a visit to our central London office or call or email us.

For land and acquisitions contact: Nicholas Belkin Tel: +44(0) 20 7907 5565 Email: [email protected]

For general enquiries contact: 44-45 Great Marlborough St, London, W1F 7JL Tel: +44(0) 20 7907 5555 Fax: +44(0) 20 7907 5556 Email: [email protected]