Dear Investor, On behalf of the developer, we bring to you the latest updates as of end of April 2018, from the Q-Studios construction site in Stoke-on-Trent, UK. Roof height expected: Section C & D
W/C 14 MAY 2018
Roof height reached Section B
15 MAR 2018
Section A
11 APR 2018
Completion expected: AUG/SEP 2018 Returns accrual start date: 1ST OCT 2018
April 2018 Construction
18 APR 2018 Section B Roof structure going on and insulation being fitted to roof deck 75% of windows fitted Internal staircase fitted First fix mechanical and electrical well progressed through the section
Section A Roof structure going on and insulation being fitted to the roof deck First fix mechanical and electrical started
2
18 APR 2018 Section C & D Ground floor to both sections fitted Steel frame for both sections will be fitted simultaneously at a floor per section per week
3
11 APR 2018 Section A is at roof height
4
15 APR 2018 Section B is at roof height
5
7 MAR 2018 Slight delay due to snow last week Section A is 4 floors high and up to 2nd floor; Roof height expected w/c 19 March Section B is 5 floors high and up to 4th floor; Roof height expected w/c 12 March Window frames in on ground floor Internal partitions going in
6
7 MAR 2018
7
16 FEB 2018 Erection of steel frame progressing well Section B expected to reach roof height w/c 5 March and Section A w/c 12 March See page 4 for summary of unit numbers per section
8
10 JAN 2018 Second crane in and operational 90% of reduced levels and muck away completed Section A (rear) - Drainage, ground floor slab and gas membrane in; Concrete walls starting to go up Section B (front) - Sky deck installed (temporary support to allow concrete to be poured to form the ground floor level); Ready for main scaolding to be erected, prior to steel frame arriving Attenuation tank installed to internal courtyard (a tank which takes away excessive surface water) Section D (front) - Progressing well with ground floor concrete walls, floors and transfer deck going in Steel frame due on site 29 January
9
10 JAN 2018 Schedule of expected roof height dates per section/unit number Section A
Section B
Section C
Section D 037 to 039
Ground
024 to 031
001 to 015
016 to 023 & 033 to 036 & 40
First
143 to 150
115 to 129
134 to 142 & 152 to 155
101 to 114 & 130 to 133
215 to 229
234 to 242 & 260 to 270
201 to 214 & 230 to 233
315 to 329
334 to 342 & 360 to 370
301 to 314 & 330 to 333
415 to 429
434 to 442 & 452 to 455 & 457
401 to 414 & 430 to 433
Second Third Fourth
243 to 259
343 to 359
443 to 450
Fifth Roof Height
10
501 to 503 w/c 12 Mar
w/c 5 Mar
30 Apr
21 May
15 NOV 2017 Phase 1 - 50% of ground floor constructed in concrete and remaining section in by Christmas; Floor above will have steel frame Phase 2 - Removal of old retaining wall and levelling of site (to be reduced by 7 meters) progressing well; Expected to be complete by Christmas Contractor was going to have full site released to build steel frame which would take 3-4 months to reach roof height; Site being released in 4 sections; Each section will take approximately 8 weeks to reach roof height; Not required to finish one section before starting on next; Staggered start and end dates; Crane base for 2nd crane in by Christmas; 2 cranes on site from January to speed up construction; First section at roof height beginning March; All sections at roof height by May
11
12 OCT 2017 16 weeks behind schedule, due to extensive engineering work to rear of site to ensure zero impact on adjacent church Steel frame ready, being stored o site and will be on site January Will make up some lost time when erection of steel frame starts Completion expected August/September 2018, prior to student intake end September Phase 1 - Levels reduced, foundations and drainage complete Phase 2 - Retaining wall (7m concrete filled trench at the base of the church) underpinning the church complete; 7m high brick wall and soil behind to be removed to bring this part of site down to same level as Phase 1; once complete work on foundations to start
12
09 AUG 2017 2-3 weeks behind schedule due to 2 initial designs that were rejected because of ground conditions and slope Design approved and construction starts next week, with digging foundation mass filled retaining wall Roof on most likely 2-3 weeks behind original schedule, however completion date should not be pushed back, as time in hand on overall program Steel frame due mid-October Site stripped at lower level Crane base put in and crane erected Waiting for approval of Severn Trent, for attenuation tank size and drainage design Engineer on site to do site set out Road closure approved and will be setting up site cabins on road on Sunday
13
10 MAR 2017 Large building fully demolished and site cleared Design for foundations being finalized Work on foundations expected to start end April Light weight steel frame has been ordered Significant amount of work done o-site, so on-site erection will be quick Erection of frame to start in September. Roof height will be in December