REFINING LIVING ABOUT SAV GROUP SITE REQUIREMENTS

• Development and Investment opportunities

• Residential, Commercial, Mixed Use opportunities within Greater London

• Value-Add commercial investment opportunities with a mixed-use exit opportunity

• Warehouses or industrial buildings which can accommodate residential use / creative trades

• Difficult sites which may not have a clear end-use

• HMO / Co-Living / Shared Living / Hotel / Hostel / C3 development opportunities

• Options and STP deals

3 OUR TRACK RECORD

SAV Group is a specialist co-living/residential investor and developer

Kirkfield House Old Oak (3 phases) Blenheim Terrace Daken House Victoria

COMPLETED COMPLETED ON SITE COMPLETED PLANNING (SAV’s share is 20%) 103 studios/en-suits 4 town houses 92 HMO units 112 Student units 546 Co-living units Completion: Q4 ‘18 Completion: Q2 ‘19 Completion: Q4 ‘20 Completion: Q4 ‘20 Completion: Q2 ‘16

Small scale Northern & HMO projects Kenton Road Old Fire Station Chingford Primrose Hill Shell Tower

COMPLETED COMPLETED COMPLETED COMPLETED COMPLETED PLANNING 40 lettable units 33 HMO units 45 Studios 17 flats & 8 retail units 64 Studios Office / PD Before: Q1 ‘15 Completion: Q1 ‘16 Completion: Q3 ‘16 Completion: Q4 ‘18 Completion: Q3 ‘19 Completion: Q4 ‘21

4 SAV GROUP IN NUMBERS

Total projects since 2014 Numberof SAV Development was Year Project Location units Status March 2014 founded Soldwith 2014 Russel Road South Ken, Central London 11 Planning Willesden Junction, Zone2 Operational, Total GDV of all projects 2014 Old Oak London 546 Exit Please contact us managed since the start Soldwith for details 2015 Kenton Road Harrow, Zone 4 London 33 Planning Kirkfield House Phase Operational, 2015 I+II+III Harrow, Zone 4 London 103 Exit Total number of units 1,312 Operational, across all projects 2015 Old Fire Station Greenwich, Zone 2 London 45 Exit Blenheim Terrace (3 luxury St Jones Wood,Central Under 2016 houses) London 4 Construction

Areas of operations London Zones 1-6 2017 Daken House Newham, Zone 4 London 92 Sold with planning Sewardstone Road(17 Soldwith 2017 flats) Chingford, Zone 4 London 17 Planning Primrose Hill,Central Operational, 2018 Vernon House London 64 Exit

2018 Victoria Hostel Victoria, Central London 112 In Planning

2018 North Old Newham, Zone 3 London n/a In Planning Station

2019 Spencer Road House Harrow, Zone 4 London 35 In Planning

2019 West DraytonHotel West Drayton, Zone5 50 In Planning

2019 Northern and Shell Tower 200 In Planning

Total 1312

5 SELECTED CASE STUDIES CANARY WHARF – LONDON BOROUGH OF TOWER HAMLETS

Panoramic view NORTHERN AND SHELLTOWER CANARY WHARF

• Tenanted office building of 67,000sqft GIA

• Income producing while the planning strategy is being developed

PROJECT STATUS

• Site secured in Q4 2018 and the acquisition completed in April 2019

• Vacant possession and planning strategy is being pursued

View from the dock Location

7 CANARY WHARF – LONDON BOROUGH OF TOWER HAMLETS

DEVELOPMENT PLANS NORTHERN AND SHELLTOWER CANARY WHARF Panoramic view • Converting existing office space to 200 residential units

• Upward extension by 5-7 storeys is being investigated (use TBC)

• Total number of units to achieve is 277 plus communal areas of over 8,000 sqft

Bay study Schematic plans

8 KIRKFIELD HOUSE – LONDON BOROUGH OF HARROW

KIRKFIELD HOUSE BEFORE ACQUISITION & DEVELOPMENT BEFORE ACQUISITION

• Vacant office building

• Sold by owner-occupier as no longer considered viable as office use

• Potential for residential development due to setting and location

Building in clear need of redevelopment Clear opportunity to optimise existing floorplates

Opportunities to optimise the scheme further and deliver a dense development on underutilised land

9 KIRKFIELD HOUSE – LONDON BOROUGH OF HARROW

SAV Group delivered a micro-apartment rental development – 103 unit scheme in Harrow

KIRKFIELD HOUSE Value Creation Strategy HARROW

• Unique product for London housing market consisting of studios and en-suites only

• SAV Group acquired vacant office block with 23-flat planning, uplifted it to 45 studios, added 2 storey delivering 26 Acquisition of Enhancing Adding 26 units on Micro-flat scheme site with 23 flat planning to 45 top and 32 units built and fully lettable units and planning studios on the adjoining operational securing planning for car park additional 32 studios on the car park

Typical room layout Tenant Profile

Tenancy by occupation Tenancy by age group

Other 36+ 9% 18% Local Retail YP 12% 30% 18-25 38% Construction 14% 31-35 21%

Key Worker Student / 26-30 Postgrad 19% 23% 25sqm studio 16%

10 KIRKFIELD HOUSE – LONDON BOROUGH OF HARROW

AFTER ACQUISITION & DEVELOPMENT KIRKFIELD HOUSE POST-DEVELOPMENT

• Development comprising c.100 rooms

• Delivered across 3 phases

1. Strip-out and redevelopment to deliver 45 studio units

2. Roof extension for eight 1-4 bed ensuite rooms inclusters with shared facilities

3. New-build on car-park for32 studios

Redevelopment and roof extension

11 KIRKFIELD HOUSE: PHASE 3 – NEW BUILDCO-LIVING

COMPLETED PHASE 2 PHASE 3 – NEWBUILD COMPLETED

Phase 2 Co-living photos

Phase 2

Phase 3

12 THE COLLECTIVE OLD OAK – LONDON BOROUGH OF EALING

THE COLLECTIVE OLD Value creation strategy OAK WILLESDEN JUNCTION

• World’s largest co-living scheme in Old Oak Common at the time of involvement

• SAV Group’s managers had c.20% stake in the asset Acquisition of site with Change of use from Co-living scheme • SAV’s share was acquired via student consent student to co-living built and fully the management buy-out in operational October 2018

Typical room layout Tenant Profile

Tenancy by Tenancy by Salary Occupation

£41k+ Student 12% up to £25k 21% 19%

£35-40k 17%

£26-30k Young £31-35k 34% Prof 18% 79%

13 ST JOHN’S WOOD – LONDON BOROUGH OF WESTMINSTER

BEFORE ACQUISITION & DEVELOPMENT BLENHEIM TERRACE ST JOHNS WOOD • Former mental hospital was purchased in Q1 2016 from the National Health Service (NHS) • Planning granted for erection of three high end family homes • Site secured in Q1 2016 with planning for 3 townhouses of around 10,000 sqft NIA • SAV worked on the planning to extend the building in line with the terraceand additional 1,500 sqft of NIA • Enhanced planning was granted inMay 2017 • Construction started on 6th June 2017 Location and finished by Spring 2019

14 ST JOHN’S WOOD – LONDON BOROUGH OF WESTMINSTER

AFTER ACQUISITION & DEVELOPMENT BLENHEIM TERRACE ST JOHNS WOOD • Practical completion of three family homes in March 2019 • Additional planning for a mews house in the backyard granted in May 2018 • Practical completion of mews house expected in May 2020 • Whole terrace retained by investor for rental purposes

15 THE OLD FIRE STATION – ROYAL BOROUGH OF GREENWICH

THE OLD FIRE STATION BEFORE ACQUISITION & DEVELOPMENT BEFORE ACQUISITION

• Former Grade II Listed hotel • No longer considered viable as hotel use • Was then being occupied as low- quality bedsits • Building at risk of falling into further disrepair • Building works required to prevent further damage • Tenants lived in poor conditions before SAV Group acquired and redeveloped the building Exterior in need ofrefurbishment Low-quality bedsits

Internal and external works required to bring building back to a level reflecting it’s Grade II listing

16 THE OLD FIRE STATION – ROYAL BOROUGH OF GREENWICH

AFTER ACQUISITION & DEVELOPMENT OLD FIRE STATION POST-DEVELOPMENT

• Complete strip-out and refurbishment to deliver 45 units

• Essential external and structural works undertaken

• All windows replaced

• 24 Hour concierge on site

• Now complete, fullyoccupied and sold to a family office Renewed exterior and restored building features

Tenancy by Occupation

Student 25%

Key worker 8% Professional 67% Complete refurbishment and fit-out of interior

17 VICTORIA ACCOMMODATION – LONDON BOROUGH OF WESTMINSTER

BEFORE ACQUISITION & DEVELOPMENT

External View Internal View before Works

18 VICTORIA ACCOMMODATION – LONDON BOROUGH OF WESTMINSTER

AFTER PHASE 1 REFURBISHMENT VICTORIA Louise House Communal room Rooms interior • Strip-out and refurbishment to provide 112 rooms of accommodation

• New communal spaces added such as: communal room, laundry & games room, meeting rooms and a cinema room

• Project retained by SAV as an upmarket rental product

• SAV is exploring further extension potential

Cinema room

Laundry & games room

21 PRIMROSE HILL – LONDON BOROUGH OFCAMDEN

PRIMROSE HILL BEFORE ACQUISITION & DEVELOPMENT St Mark’s Square

• Vacant Grade II listed building overlooking Regents Park

• Currently configured as 64 self- contained units

Location Current Building Internal view

22 PRIMROSE HILL – LONDON BOROUGH OFCAMDEN

PRIMROSE HILL AFTER ACQUISITION & DEVELOPMENT St Mark’s Square

• Strip-out and refurbishment to provide 64 studios

• Garden Studio constructed atthe rear to provide additional communal space

Internal View Studio

External View Garden Studio

23 WEST DRAYTON - LONDON BOROUGH OF HILLINGDON

KENTON HOUSE WEST DRAYTON • Former operational hotel for circa 50 units • Benefiting from a block of residential units • Applied planning permission to alter and extend the current building to accommodate more units utilising the site area in a more efficient way

Location • Located in a walking distanceto West Drayton Station • and adjacent industrial and commercial hubis within 10 min drive

22 SPENCER ROAD - LONDON BOROUGH OF HARROW

Current Building SPENCER ROAD HOUSE HARROW & WEALDSTONE • Former B&B with undetermined use • Established use as Sui Generis – HMO • Received planning permission to alter and extend the current building to provide a 21-unit HMO scheme according to SAVVY Living concept • Applied for an additional 15 units atthe back of the car park • Total number of units is expected tobe over 35

Location • Located next to Harrow campus and Northwick Park hospital Current Interior Proposal for land at the back • Harrow and Wealdstone stations are located within walking distance • Located in a high Public Transport Accessibility Level area

23 NORTH WOOLWICH OLD STATION AND LAND AT THE REAR - LONDON BOROUGH OF NEWHAM

NORTH WOOLWICH OLD STATION AND LAND AT THE REAR NORTH WOOLWICH

• Former North Woolwich Old Station Museum • Prior to being a museum, the site was used as the Great Eastern terminal station for North Woolwich railway station • Land retained while planning strategy is being developed • Various planning opportunities are being explored

24 FOREST GATE – LONDON BOROUGH OF NEWHAM

Proposed scheme ROMFORD ROAD FOREST GATE

• Newham has an unprecedented issue with family homes being converted to large low-quality and poorly managed HMOs

• A regeneration-led development to provide for a 90+ unit purpose built HMO/Co-living scheme

• Currently a redundant 51 unit care home with a large plot area representing significant development potential

PROJECT STATUS

• Sold with planning

Existing site Co-living unit Location Visualization

25 CHINGFORD – LONDON BOROUGH OF WALTHAM FOREST

Consented scheme RETAIL AND RESIDENTIALPARADE CHINGFORD

• Former redundant retail parade with existing flats above • Proposed 17 flat residential scheme with retail parade on the ground floor anchored by national convenience store

PROJECT STATUS

• Site secured in Q1 2017 • Pre-Application discussions with a council held Q2 2017 • AfL and Lease with The Cooperative Food signed in Jul-17 • Costa Coffee AfL agreed in Feb-18 • Planning application granted in Jan-18 • Full vacant possession achieved in Sep-18 • Dec-18 sold with planning benefitting agreements for lease with Coop and Costa

Current status

26 KENTON HOUSE - LONDON BOROUGH OF HARROW

KENTON HOUSE Proposal HARROW • Former B&B with undetermined use • Established use as Sui Generis – HMO • Received planning permission to demolish the current building and erect a 33-unit HMO scheme according to SAVVY Living concept • Sold with a benefit of planning permission

Location • Located next to Harrow campus and Northwick Park hospital • Kenton Underground stations are located within walking distance. Current Building • Located in a high Public Transport Accessibility Level area

27 © 2020