OUR TRACK RECORD RESIDENTIAL DEVELOPMENT VALUATIONS RESIDENTIAL DEVELOPMENT VALUATIONS Introduction Housing supply has risen to the top of the political agenda across the country. Although there has been progress since the financial crises there is still a significant shortfall, particularly in the Capital. The valuation of residential development properties requries an in depth understanding of the key dynamics of the housing market as well as the development process itself, which is complex and involves a wide range of variables. Our Residential Development Valuation team are sector specialists providing a complete spectrum of valuation services for every type of development property from small scale in-fill developments to high profile multi-phased regeneration projects. Our ability to draw upon significant resources available through our Residential Research, New homes Sales, Land Sales and Development Consultancy teams allows us to add value for our clients, rather than simply to report it. We recognise that in a fast paced and competitive market, our clients require prompt and accurate advice. We pride ourselves on providing a highly personalised service with the flexibility to meet your specific objectives and match your individual priorities. Sebastian Wallis Residential Development Valuations [email protected] +44 20 7861 5415 REGENERATION PROJECTS 01 01 BBC Television Centre, London W12 Development: Major mixed-use development that will comprise 400 homes, 520,000 sq ft of offices and a boutique hotel and private member's club. Role: Valuation for loan security purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 5 02 02 King's Cross Central, London N1 Development: 67 acre regeneration site immediately to the north of King's Cross St Pancras. Under current proposals the completed development will comprise in excess of 2,000 residential units, 2.9 million sq ft of office accommodation and approximately 420,000 sq ft of retail space. Role: Valuations for financial accounting purposes. REGENERATION PROJECTS 03 03 Vauxhall, Nine Elms, Opportunity Area (VNEB) Development: Stretching from Battersea Park in the west to Vauxhall Bridge in the east, VNEB comprises a 195 hectare riverside district that is one of the largest regeneration zones in central London. Knight Frank has been responsible for the valuation of several of the principle sites that make up the opportunity area. Role: Valuations for loan security purposes, financial accounting and acquisition. RESIDENTIAL DEVELOPMENT VALUATIONS 7 04 05 04 05 Queen's Square, Wimbledon Stadium Development, Croydon Wimbeldon SW19 Development: a 5.5 acre development site in central Croydon, providing Development: Redevelopment of the exisiting site to provide 602 flats 1,100 residential units across four phases and 5,464 sq m of retail and maisonettes, an 11,000 seat football stadium, squash/sports club and accommodation. 18,500 sq ft of retail space. Role: Valuation for acquisition purposes. Role: Valuation for loan security purposes. SUPER PRIME & PRIME DEVELOPMENTS 06 07 06 07 Clarges Estate, 20 Grosvenor Square, London SW1 London W1 Development: Substantial mixed-use development comprising 34 super- Development: Partial demolition of the former US Navy European prime flats with secure underground car parking. Very high level of headquarters and construction of 37 super-prime flats with a services and amenities. comprehensive range of services and amenities. Role: Valuation for financial accounting purposes. Role: Valuation for loan security purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 9 08 09 08 09 2-8a Rutland Gate, 37-38 Golden Square, London SW7 London W1 Development: Substantial mansion overlooking Hyde Park with planning Development: A residential led mixed-use scheme providing 22 permission to convert to an exclusive development of super-prime flats. apartments and 3 retail units. Role: Valuation for loan security purposes. Role: Valuation for loan security purposes. SUPER PRIME & PRIME DEVELOPMENTS 10 10 Chelsea Barracks London, SW1 Development: 12.8 acre development site with planning permission to build a major mixed-use development that is being delivered in four principal phases. Role: Valuation for financial accounting purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 11 11 12 11 12 Harcourt House, Duke's Lodge, London W1 London W11 Sector: Redevelopment of the existing Grade II listed building to provide Development: Demolition of the existing seven storey building to be 28 high quality apartments and a private medical centre. replaced with 24 high quality apartments. Role: Valuation for loan security purposes. Total Area: Valuation for loan security purposes. SUPER PRIME & PRIME DEVELOPMENTS 13 13 New Scotland Yard, London, SW1 Development: Demolition of the former home of the Metropolitan Police to provide a high rise mixed-use development comprising new offices, retail accommodation and over 300 apartments. Role: Valuation for loan security purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 13 14 14 Whiteleys London, W2 Development: Comprehensive redevelopment of the existing shopping centre to provide a major mixed-use development anchored by a new retail parade and courtyard, a boutique hotel and approximately 100 apartments. Role: Valuation for loan security purposes 15 15 Admiralty Arch, The Mall London SW1 Development: Comprehensive redevelopment of Grade I listed landmark building to provide a private member's club, a five star hotel and associated residences. Role: Valuation for loan security purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 15 SUPER PRIME & PRIME DEVELOPMENTS 16 17 18 19 16 17 18 19 Forbes House, 34-35 Brompton Regent Lofts, Soho, Hempel Collection, London SW1 Square, London W1 London W2 London SW3 Development: Planning Development: Comprehensive Development: Comprehensive Development: The Hempel permission to convert a Grade II redevelopment of a pair of Grade II redevelopment of a car park site to Collection comprises two former listed former office building into a listed, stucco-fronted Georgian provide approximately 40 loft-style hotels that have been grand single residence extending to townhouses, to create four separate apartments. comprehensively redeveloped to approximately 40,000 sq ft. flats or one single dwelling. Role: Valuation for loan security provide luxury apartments. Role: Valuation for loan security Role: Valuation for loan security purposes. Role: Valuation for financial purposes. purposes. accounting purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 17 20 21 20 21 Fitzrovia Apartments, Henry Moore Court, London W1 London SW3 Development: 210,000 sq ft mixed-use development comprising 70 Development: Occupying the site of the former Chelsea College of Art private flats and affordable housing a short distance to the north of Oxford the development comprises 15 luxury apartments and two houses together Street. with on-site Affordable Housing situated in a separate block. Role: Valuation for loan security purposes. Role: Valuation for loan security purposes. SUPER PRIME & PRIME DEVELOPMENTS 22 22 55 Victoria Street, London SW1 Development: A former 1980's office block that has been converted and extended to provide 57 apartments, ground floor retail and car parking for residents. Role: Valuation for loan security purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 19 23 23 10 Trinity Square, London EC3N Development: Major redevelopment of the Grade II listed building overlooking Tower Bridge and the Tower of London to provide a Four Seasons hotel with private residences. Role: Valuation for loan security purposes. TOWER DEVELOPMENTS 24 25 24 25 South Bank Tower, Vauxhall Square, London SE1 London, SW8 Development: Part refurbishment and extension of an office tower and adjacent building to create a residential led mixed use scheme over 38 Development: Site with planning permission for a major mixed use floors to include 173 residential flats and c.270,000 sq ft of commercial development. Comprising over 400 apartments, new office and retail accommodation. accommodation, a new hotel and a student accommodation block. Role: Valuation for loan security purposes. Role: Valuation for financial accounting purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 21 26 27 26 27 Portland House, 360 London, London SW1 Elephant & Castle SE1 Development: A speculative scheme of 200 luxury retail apartments Development: Construction of a twenty storey apartment block over 27 floors in a current office building. comprising 123 private apartments, 61 affordable housing units and 55 Role: Valuation for financial accounting purposes. underground car parking spaces. Role: Valuation for loan security purposes. TOWER DEVELOPMENTS 28 29 28 29 Vauxhall Cross, Marble Arch Place, London SW8 London W1 Development: A 1.2 acre development site with planning permission for Development: Redevelopment of landmark building in the West End of two towers, one of 40 storeys and one of 32 storeys, comprising 291 London to provide two buildings comprising approximately 76 residential residential units, a 179 room hotel, office, retail and community space. units, offices, retail and a new Odeon cinema. Role: Valuation for loan security purposes. Role: Valuation for loan security purposes. RESIDENTIAL DEVELOPMENT VALUATIONS 23 30 31 30 31 Chiltern Place, Keybridge, Vauxhall, London W1 London SW8 Development: High rise development in Marylebone comprising 56 high Development: Housing led mixed-use development comprising quality apartments with secure parking. approximately 400 apartments,