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Contents The High Street Group • Welcome • About us • Group Timeline • The High Street Group Structure • Meet our People High Street Residential An Introduction • Meet our People • The evolution and the future of the Private Rental Sector (PRS) • Key considerations for the Build to Rent sector • Smart Technology • Our current & upcoming projects • Silbury Boulevard • Hadrian’s Tower • Cheshire Junction • Middlewood Plaza • Westminster Works • Talbot Road • Holloway Head • Kent Street Baths • The Charter (Phase 1) • Brett Wharf • Pottery Lane • Current Pipeline •
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03 | The High Street Group
Welcome The High Street Group has undergone significant and planned growth since the company’s inception in 2006, and is positioning itself to drive the value of the business to hit £1 billion within 7 years. This will be delivered by structuring our business streams into three key areas and delivering on financial goals: •
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High Street Residential is targeting an annual turnover of £400 million through delivering high quality build to rent accommodation across the UK. 80% of this turnover will be to financial institutions. We have already secured a pipeline of c.£1 billion to be able to achieve this. In addition to this, HSR are preparing to launch into roof top extensions, and we have identified 25 projects with a Total GDV of £88 million. High Street Hospitality are investing in affordable boutique hotels, and are focused on adding to our existing portfolio to establish the Hotel 52 brand across 15 to 20 UK establishments. All Saints Construction are on track to become an established mid-sized regional housebuilder, growing annual turnover to be in the region of £60 million.
To maintain our efficient and growing operations we now employ over 100 people nationwide and believe our employees are key to the success of our business. We have expanded from our Head Office in Newcastle City Centre, recently opening an office in Dubai and relocating our Construction division to office premises in County Durham. We believe our values of an entrepreneurial spirit, integrity and flexibility shine bright across all verticals of the company. We plan further unparalleled growth in the coming years, with many projects in the pipeline and the fruition of a hugely exciting opportunity to create Rooftop Extensions in London and Manchester. We trust you will enjoy reading all about the High Street Group and our exciting plans. Gary Forrest
‘ It’s not about ideas, it’s about making ideas happen’
The High Street Group
Building for the future
About us Since its inception in 2006, The High Street Group of Companies has successfully developed and operated businesses covering Investment and Development Finance. The Group’s management team has decades of experience in the property and financial industries. In recent years, the Group entered the property investment and development sector, and quickly became one of the fastest growing construction and development companies in the North East. There are over 100 homes under construction, all built to an exceptionally high standard. Our landmark restoration project, Larbert House & Country Estate has already won a handful of awards and our development company, All Saints Construction, was accredited with the Best Medium Sized Builder at the Real Estate and Property Awards. We now specialise in three key development sectors: Private Rental Sector (PRS) schemes, traditional residential development and hospitality, in the form of hotels, bars and restaurants, with a fourth opportunity, Rooftop Extensions, already being planned. We fully believe that our diversification across these sectors minimises risk. We are focused on growing our large scale building and property portfolio and the long term opportunities and potential of the PRS sector through our Build to Rent property company, High Street Residential. Our PRS pipeline is currently estimated at £1 billion, with our first forward-funded scheme on site in Milton Keynes, with an institutional sale agreed with Grainger PLC. This is one of only two Grainger purchases in the UK in 2017. We have also established relationships with institutional investors to give the comfort of a robust exit strategy for these developments.
The construction of Hadrian’s Tower has also commenced. This will be the tallest building in Newcastle at 27 storeys high with 162 apartments. We have many more upcoming projects in or in proximity to major city centres, including Birmingham and Manchester, where there is a demand for quality apartment living. Our development company, All Saints Construction continues growing from strength to strength, procuring land and building new homes under our All Saints Living brand in key locations in the UK, as well as securing contracts from external clients across the North East. High Street Hospitality has a strategy to purchase, renovate or construct, and manage 15-20 hotels in the next 5 years. The division is moving rapidly ahead with this plan and building the Hotel 52 brand with our first two operational hotels in 2017. We have many more projects in the pipeline, all in areas of proven demand and opportunity. Each of our establishments has on-site dining in the form of our restaurant chains Loca and Pazzo, and 2018 saw the launch of our sports bar Bar 52, the first being in Whitley Bay. The High Street Group employs more than 100 people in the Head Office in Newcastle upon Tyne and across development and hospitality sites in the UK. A combination of the Group’s financial strength, – reported profits in 2016 were £26 million – sector expertise and established relationships create a strong position from which we can explore opportunities and achieve our aspirational long-term goals and objectives.
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Group Timeline
We started on Larbert House & Country Estate in Stirlingshire. A conversion of a Grade II Listed mansion into 56 aspirational homes. We also commenced work on: • Peacock Mews, Raskelf • Peacock House, Raskelf • St.George’s Road, Harrogate • Frenchgate House, Richmond • Bardywell Heights, Whitehaven
The High Street Group was founded to provide wealth management, alternative investment strategies and developer finance with a long term strategy to move into the construction & development sector.
2013 2006
2015 2014
All Saints Living was created. We also started our first project: Stamford Lea, Rennington.
We completed projects such as Burn Brae House in Hexham
and Ashcroft Mews in Seaham.
Hadrian’s Tower, Newcastle upon Tyne All Saints Living acquired a site to construct and market what will be Newcastle’s tallest building. 162 apartments over 27 floors in the heart of the city The Walled Gardens, Gosforth Development of 14 new executive properties from £695,000
All Saints Living expanded with work on Aidan Gardens in Belmont, County Durham. A development of 26 new build apartments and houses.
Morar House, Helensburgh Work started on the development and refurbishment of 12 apartments Silbury Boulevard, Milton Keynes 7-storey block of 139 apartments - sold to Grainger PLC
2016 2016
2018 2017
Launch of Hotel 52 brand
Westminster Works, Birmingham Development of 220 units over 7 storeys Cheshire Junction, Warrington Development of 362 apartments over 8 floors Middlewood Plaza, Salford Development of 126 properties over 9 storeys Future projects in the pipeline across the UK including Holloway Head, Trafford, Leeds, Edinburgh and County Durham.
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09 | The High Street Group
About us (continued) The High Street Group Vision Statement Our vision is to become a £1 billion business within 7 years, and a globally recognised brand. We will achieve this by growing operations in the four main development sectors of large scale Private Rented Sector schemes, rooftop extensions, traditional construction and hospitality. Mission Statement Our mission is to develop high quality properties, where people want to live or stay, whether through purchase of a new home, the rental of an apartment, or a short stay in one of our hotels. We will provide expertise, financial strength and business support to meet the overall business plan and objectives of the Group and its divisions.
This will create wealth and value to our investors, and opportunities for career progression to employees. Our Values The High Street Group values are an important fabric of the company. They are embedded across the business and we expect and encourage all employees to demonstrate these values. We strive to: Be honest, open and professional
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Show entrepreneurial spirit
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Operate in complex environments with integrity and trust
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Diversify through innovation
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Future proof our business
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Be approachable and flexible in our thinking
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Keep things simple
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10 | 11 The High Street Group
The High Street Group Structure
Nicola Buzzeo PA
Gary Forrest Chairman
Group Legal Director
Group Finance Director
Group Marketing Director
Steve Brown
Joanne Bell
Sonali Craddock
Gavin Fraser Managing Director High Street Residential
Colin Myers Construction Director All Saints Construction
Phill Brumwell Managing Director High Street Hospitality
The High Street Group
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Meet our People Gary Forrest, Chairman Gary has over 30 years of experience in financial services and investments, initially in the mortgage sector where he successfully grew his lending business from a £100 million lender to a £1 billion lender within 5 years. Gary sold High Street Home Loans to GMAC-RFC in 2003, remaining a Director and operating at board level for several years. The High Street Group was conceived in 2006, initially in the areas of financial management and investment, and in 2011 he turned the focus towards alternative investment strategies and development finance, taking advantage of the potential gap in the market. In 2013 he entered the construction and development sector, realising the opportunity of providing an end-to-end solution from land acquisition to project completion, and in a short space of time had become one of the fastest growing medium sized builders winning accolades such as Best Medium Sized Builder (UK) and Best Renovation Project (Scotland), with a pipeline of projects valued at £120 million. More recently, Gary identified the revolution and demand for Private Rental and Build to Rent Sector, and the Company already has two large projects under construction in Milton Keynes and Newcastle, with over £1 billion of projects in the pipeline.
Joanne Bell, Group Financial Director Joanne is a fellow of the Institute of Chartered Accountants of England and Wales, with an honours degree in Accounting and Financial Analysis from the University of Newcastle upon Tyne. Joanne qualified as a Chartered Accountant with PricewaterhouseCoopers, before moving to Gentoo Group (then Sunderland Housing Group) in 2002. Joanne held a number of senior roles at Gentoo, a large housing association in the North East of England, including Assistant Finance Director. Joanne was fundamental in attracting both short term and long term funding, along with institutional investment to a subsidiary of the business Gentoo Genie. Joanne joined The High Street Group in January 2018 as Group Finance Director, bringing with her more than 18 years’ experience of accounting across a number of different industries including house building, construction and financial services.
The High Street Group
Steve Brown, Group Legal Director Steve graduated from the Medical School of the University of Newcastle upon Tyne with an honours degree in Pharmacology in 2002. Working as an analyst for Scottish and Newcastle Breweries for a short period of time he returned to education, undertaking a law conversion degree at the University of Northumbria before qualifying as a barrister and being called to the Bar in 2005. He practised in a variety of areas focusing on litigation and contract disputes until 2010 when he cross qualified and was admitted to the roll of solicitors of England and Wales. Steve worked in private practise specialising in civil and commercial matters before moving in-house with The High Street Group at the end of 2014 to take on the role of Group Legal Director. Steve currently heads the Group’s legal structure, overseeing the many facets of the business, from hospitality to large scale development, via the in-house legal team and external specialists. The majority of Steve’s time is focussed on the Group’s £1bn private rental developments; he is integral in the security of the development sites and the negotiation and execution of the multi-million pound institutional development agreements with the likes of Grainger Trust PLC and Cording Real Estate. Steve’s pragmatic, commercial approach combined with his extensive knowledge is vital to the Companies secured growth and future aims and objectives.
Sonali Craddock, Group Marketing Director Sonali is the Marketing Director for The High Street Group, and all companies within the Group structure, namely High Street Hospitality, High Street Residential and All Saints Construction. Sonali develops marketing strategies and manages all aspects of marketing, communication and public relation related activities. Sonali joined The High Street Group in 2014, and brings with her over 20 years of experience, 10 years of which was with Bank of Scotland in various customer service and management roles, and the remainder in Marketing and Communications in the finance and property sector both in the UK and South East Asia. Sonali worked for India’s largest developer, DLF, for over 6 years marketing luxury projects in Delhi, Goa & Kasauli. Sonali studied with the Chartered Institute of Bankers and attained membership in 1998, and she furthered her qualifications in subsequent years with Financial Planning Certificates 1, 2 & 3 and Diplomas in Digital Marketing & Social Media.
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An Introduction High Street Residential is a property development company focused on Build to Rent schemes in the Private Rental Sector in the UK Our profile We are a team of experienced and motivated professionals with years of construction knowledge in large scale complex developments. We deliver high quality developments through a combination of innovative design, in depth analysis of locations and rigorous research of our target market to ensure maximum sustainability of each of our projects. We are committed to delivering homes and creating communities with added value where people want to live and work.
High Street Residential
Our vision is underpinned by our mission to provide an end-to-end solution to Institutional and Buy to Let investors in the Private Rental Sector. What we do Our focus is on the Private Rental Sector by creating quality residential developments in places where people want to live. Location is essential to our developments where demand is escalating, and our designs are tailored to the Build to Rent market where local communities are sustainable and there is a growing institutional investment appetite. Over the next 5 years we will develop rental homes for over 15,000 people located in the UK’s most in-demand cities. We have secured a large pipeline of developments that evidences our commitment to the Private Rental Sector. Our projects are in various phases of the development cycle from conception, to planning and to on-site construction. We have established long term partnerships with Institutions in the Private Rental Sector by understanding their criteria for investment and steady income stream, and we are able to create opportunities tailored to suit their requirements. Our development team have extensive expertise in both delivering and managing projects and identifying a supply chain capable of constructing high-quality properties.
In a relatively short period of time, High Street Residential has assembled a portfolio of landmark projects and quality investment assets in strategic areas in the UK which can ensure we will enjoy substantial growth in the forthcoming years. Vision Our vision is to provide an end-to-end solution to Institutional and Individual investors in the Private Rental Sector, whilst becoming the most reputable and recognised Build to Rent developer in the sector. Mission Our mission is to locate developments in areas of high opportunity and great demand and we will provide 15,000 new homes in the next 5 years. This is executed with the initial identification and analysis of potential sites. This process will be managed from initial funding through to the eventual exit strategy and management of the developments. This should result in a stable business with turnover in the region of ÂŁ400m per annum. Our exit strategy consists of 80% sales to our institutional partnerships and their requirements for a long term and steady income stream, and 20% of individual sales to overseas purchasers seeking a high growth, high income sustainable property investment.
Our Locations The process of identifying and securing a successful project commences with identifying beneficial locations and ensuring strong and sustainable demand, with the following being of critical importance: 1. Strong local demand using specialist data analysis and research 2. Mature local regeneration 3. Within 15 minutes walk of city centre amenities and public transport links
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Meet our People Gavin Fraser, Managing Director Gavin has worked in the Construction and Development field for over 25 years, holding senior leadership and director positions at Ballast Nedam, Rok Plc and Balfour Beatty. Gavin was National Housing Director for Rok Plc, helping grow the business from £250m to £1bn turnover in 10 years, including £300m per annum of residential projects for the Private Rental and Affordable Housing sectors. Gavin has performed various roles as a non-executive adviser to Directors at Kier, Macquarie, United Living and Forrest, helping to grow their businesses through the creation of investment grade products in residential and energy. Gavin’s skill is understanding specific investment appetite from both institutional investors and overseas buyers, identifying potential projects in the Build to Rent sector. Gavin’s extensive expertise and knowledge of both the private rental and construction sectors ensure that the projects identified are both sustainable and deliverable in a cost-effective manner.
Keith McDougall, Operations Director Keith is a Fellow of the Royal Institute of Chartered Surveyors with an honours degree in Quantity Surveying and Diploma in Management Studies. Keith began his career as a Quantity Surveyor working on the client side within both private practice and local authority. Keith moved into a Senior Quantity Surveyor role within the Keepmoat Group (Frank Haslam Milan) in 1998 and subsequently fulfilled several roles during his 15 year tenure, including Contracts Manager and Operations Manager, before his promotion to Construction Director. Keith is now the Operations Director within High Street Residential, tasked with planning and delivering a pipeline which currently sits in excess of £1bn. With over 25 years of experience within construction and development, Keith’s knowledge of a huge spectrum of project types and the associated commercial viability will be vital to the Company’s success and growth.
High Street Residential
Mark Kidd, Commercial Manager Mark has an excellent track record in commercial control and the management of construction projects. He has previously worked for Rok Plc, Wates, Thermabuild and All Saints Construction. Mark has held numerous senior roles and has had responsibility for the financial control and contract management of many large schemes across the UK. Mark also led the operations of All Saints Construction for a number of years, including the conception and delivery of many key projects for the company. Mark’s extensive expertise in commercial management is key to the cost-effective construction and completion of High Street Residential schemes.
Jon Rukin, Development Manager (North West) Jon has broad experience of construction and maintenance in a variety of sectors including industrial and commercial, education and residential. He has held a broad cross section of roles including; profit and loss accountability, operational management, business development and tendering strategy. Having held senior leadership and Operational Director roles at Kier Living, Wates, Rok Plc, Ballast Nedam, Ring Stones LLP and Forrest Construction, Jon has a long track-record in creating, improving and growing businesses.
Rodger Till, Development Manager (North East) Rodger studied for a General Practice Surveying degree in Newcastle in the mid-80s. He started his career working for English Estates (now Homes England), followed by Greggs and The Vaux Group where he was involved in property management, acquisitions and sales across the whole of the North covering all types of commercial property. Rodger then joined the senior management team of a leading Housing Association where, over a period of eleven years he managed the ÂŁ60 million a year new build development acquisitions and sales activity of the group as well as the commercial property portfolio. During this period Rodger was instrumental in the delivery of around 3,000 new homes and negotiated over ÂŁ100 million of government subsidy for the schemes.
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The evolution and the future of the Private Rental Sector (PRS) 1. Definition of the Private Rental Sector (PRS) & Build to Rent (BTR) The Private Rented Sector (PRS) in the UK comprises any property that is privately owned and being rented out as housing, usually by an individual landlord, but also by housing organisations and institutional investors. As other tenures decline across the country, it is the fastest growing sector in the country, predicted to surpass social rented housing imminently. In the UK, Build to Rent is an emerging sub sector within the PRS in the UK and is designed specifically for renting rather than for sale, and is typically managed by specialist operators and owned by institutional investors. 2. The history of the Private Rental Sector in the UK Overall the PRS has doubled in the last 10 years or so, and it is expected to continue to grow to 5.79 million households Private rented housing now comprises almost 16.5% of all households, or nearly 3.8 million homes in England. The increase is due to the fact that private rented sector offers a flexible form of tenure and meets a wide range of housing needs. It contributes to greater labour market mobility and is increasingly the tenure of choice for young people. Many factors support these claims: Households have increasing difficulty in accessing owner- occupation
There is a shortage of social housing provision-where waiting lists are increasing rapidly
Migration has grown and the labour market increasingly requires a flexible work-force
Much of the growth in PRS is spearheaded by investment for new property developments from single companies rather than multiple spectators or individual investors, in a manner similar to the American private rental sector. The first big UK Private Rental Scheme to get off the ground was East Village in Stratford, the former Olympic athletes’ quarters which were turned into 3,000 homes, with almost half on three year tenancies. In 2017, the total investment in the Build to Rent Sector was estimated to be £6.27 billion, up 25% the amount invested in 2016
The proportion of households in the private rented sector in the UK is set to grow by 24% by 2021 which means that one in four will be renting rather than owner occupiers, an increase from 19.4% in 2018
High Street Residential
In 2017, the Built to Rent market attracted £2.4 bn in investment and is forecast to grow by a further 180% over the next six years 3. The future of BTR in the UK housing market It is estimated that the Build to Rent Sector could drive property investment to £70bn by 2022, with the potential to each at least 240,000 homes built for rent by 2030 The ‘millennial generation’ has until now played the biggest role in changing the housing market to being a lifestyle choice to rent, however retirement living, co-living and family homes are increasingly being considered. Natural transition from living in managed student accommodation to living in a rental building with shared amenities. Older people are turning to renting and ignoring the services and facilities offered, catering to diverse age groups also future proofs a building as people who are renting now may still be renting in 10 years’ time. Private Rental Sector housing creates a sense of belonging, a community, a nice life – shared values and identity – meet in lounge areas, work in the business centres, relax in the gym, compare notes at wine tasting The way properties are managed is also an important factor in the success of PRS housing and the renewal of tenancies, and the how included the tenants feels as part of the community. Apps and social media are used to communicate and report any issues with the apartment, schedule repairs and receive notification of the arrival of packages as well as interact with other tenants. The expectations and appetite for facilities and amenities are key to designing the right product, including a significant store or locker for packages so as not to put a strain on any concierge, as well as refrigerated space for food delivery, cleaning services and communal spaces.
4. The opportunity for developers £30bn of institutional investment is earmarked for the building of new homes to rent It is clear from the quickly emerging UK market and trends in living that Build to Rent developments are becoming more established in the housing market, presenting a tremendous opportunity for developers. The test is to ascertain whether Build to Rent is a viable option which will see an attractive return versus typical sales values. However, when calculating actual net sales after deducting sales and marketing costs, the end value is usually not too far from the open market sales option. In addition, there is also the opportunity to either initiate or grow regeneration with these large scale developments which can lead to an increased return on capital. BTR also removes the sales risk to developers as whole developments are pre-sold or forward funded by institutional investors. Developers need to be able to achieve multiple efficiencies in the design, management and scale of the schemes such as size of rooms, heating and waste, all of which are harder to achieve in the Capital and therefore developers are increasing looking at regional developments outside of London, and the reality is that some regional locations have strong employment rates and the local economies are thriving alongside having lower land values. By looking at the US and understanding their amenities and level of service, combined with a well-considered design, developers in the UK will be placed in a strong position to create successful and sustainable developments.
BBC report – one third of millennials will rent for the rest of their lives
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Key considerations for the Build to Rent sector The key factors in order for companies to capitalise on the opportunity and growth in the Build to Rent Sector
High Street Residential
1. Target the right demographic Currently, the largest target market for many PRS schemes are the 24-34 age group, typically key workers, or young urban professionals, who are looking for a comfortable and affordable place to stay for a secure length of tenure. Whilst this demographic provides the highest demand for Built to Rent properties, as proven by the numerous successfully emerging schemes, there is also a requirement from downsizers, multi family groups, domestic and overseas students and graduates particularly in popular university cities across the UK. 2. Build in the right location The most successful developments are in urban locations, or on the fringe of cities with substantial regeneration and easy commuter links. Local facilities and amenities should be present to service the growing population. Thorough research is undertaken by our experienced team to confirm the demand is significant and sustainable, and rents are in proportion to local salaries. 3.
Create a sense of place Tenants who feel they are part of a community tend to rent properties for longer, which then reduces the risk of rent voids which can affect investor returns. To attract and retain target group tenants, added amenities such as resident support, on site management and concierge services are part of the PRS lifestyle formula, as well as communal work spaces, amenity space, cafes and gyms. To further enhance the residents experience, each building will organise social events such as wine tasting, regular networking events and social gatherings tailored to the desires of the tenants. This will encourage the tenants to form relationships with people in the building and the on site management.
4. Allow for building management Effective building management enhances and protects the long-term value of a development. PRS or Build to Rent investors are looking for income over long term periods, therefore maintaining the quality of a site is important. Creation and communication via social media allows tenants to communicate with building management as well as other residents. Provision for on-site retail units and communal spaces will help in the development of a lifestyle brand unique to the building. This can enhance the rental potential both in terms of tenure and income. 5. Careful consideration of unit design Unit sizes need to be carefully considered and should relate to rental income, which is thoroughly investigated by our design team during the process. Maximising the number of units per floor as well as flexibility in the design layout of the units is important to cater for different modes of tenure including young professionals, students and even families. 6. Selection of high quality materials As Build to Rent developments are designed for long term investment purposes, the life cycle of the build materials used plays a much greater role than traditional developments. It is important that the finished product is both durable and of the highest quality.
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Smart Technology High Street Residential will embrace the latest in smart technology to ensure longevity of rental values and convenience to the building’s residents. This will be stitched into the fabric of the building at construction stage and one initiative is a mobile phone application for tenants which includes various functions to provide control of utilities, communication and information at the touch of a button. This essential tool also allows communication with other tenants in the building and operates as a booking facility for communal areas, therefore integrating the resident into the building community.
The mobile phone application will have the following functions: • Ability to log maintenance issues and arrange maintenance access • Receive notifications of parcel deliveries either to the main reception or secure locker areas • Control the apartment lighting • Messenger service to cotnact the on site management team • Avail specially negotiated discounts for residents for dining, places of interest and travel in the local area • Receive notifications of planned property maintenance • Event diary with details of regular residents meetings and social events • Information on available storage • Book communal areas or meeting rooms for personal use • Messenger service to contact other residents •
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Our current & upcoming projects
HADRIAN’S TOWER, NEWCASTLE UPON TYNE High Street Residential acquired a site for the construct of Newcastle upon Tyne’s tallest building. The 89-metre high structure, located on Rutherford Street off St James’ Boulevard, will be made up of 27 storeys and comprise 162 PRS apartments, with a plethora of facilities for residents. Tolent commenced construction in February 2018.
MIDDLEWOOD PLAZA, SALFORD This site at Liverpool Street will be developed into a split height of 6 and 9 storeys, accommodating 127 units in total. The development will include a mixture of one-bedroom apartments, two-bedroom apartments, two-bedroom townhouses and three-bedroom townhouses. The scheme is located in the large regeneration area known as Middlewood Locks, 10 minutes’ walk from Manchester City Centre. Construction is due to commence in September 2018.
TALBOT ROAD, TRAFFORD A new development of 154 homes to be built in proximity to Old Trafford football ground, and with easy access to all commuter links.The site is located to the South West of Manchester City Centre in the town of Stretford. Surrounding the wider site are a number of amenities including large retail parks, Salford Quays with its abundance of retail and food establishments, superstores and light/traditional rail links.
CHESHIRE JUNCTION, WARRINGTON A land deal has been completed, paving the way for the development of 362 apartments for private rent in Warrington’s regenerated town centre. High Street Residential has acquired the site next to the central station - a former industrial site - creating an 8 storey complex with a total development value of £56 million. A sale of the completed building has been secured with Cording Real Estate Group.
High Street Residential
DURHAM CRICKET CLUB, COUNTY DURHAM Adjacent to the Emirates Riverside Cricket Stadium, the site will be developed into 176 apartments and a 130-bed hotel with conference facilities. The development will have river views and a direct link to the A1.
WESTMINSTER WORKS, BIRMINGHAM Located close to the proposed high-speed rail network linking Birmingham and London, HS2, Westminster Works is an ideal base for commuters to the north and south. On the edge of the Southern Gateway ÂŁ1 billion regeneration zone, Westminster Works offers city living within a vibrant new neighbourhood. The scheme comprises 220 apartments. Planning permission was granted in May 2018, and construction commences September 2018.
SILBURY BOULEVARD, MILTON KEYNES The site at Silbury Boulevard involves the demolition and replacement of the 2 existing office buildings with a 7-storey block of 139 exclusive apartments. The scheme has been sold to Grainger PLC in a multi-million pound forward funding development deal, and is being constructed by United Living.
HOLLOWAY HEAD, BIRMINGHAM This site has 487 units comprising 1 and 2 bedroomed apartments and a ideal city centre location. Construction is due to commence in October 2018.
KENT STREET BATHS, BIRMINGHAM This site has 98 units comprising 1 and 2 bedroomed apartments in an ideal City Centre location, with an estimated GDV of ÂŁ19m.
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High Street Residential acquired a site in Milton Keynes which was purchased by Grainger in August 2017 for £30.4 million. This large residential site on Silbury Boulevard was our first Private Rental Scheme, and paved the way for many more projects and relationships in the sector. This prestigious PRS scheme was sold to Grainger PLC in a multi-million pound forward funding and development deal. Grainger Trust is the UKs’ largest listed residential landlord and manager. The development involves the demolition and replacement of the 2 existing office buildings with a 7-storey block of 139 exclusive apartments.
Milton Keynes is one of the country’s most rapidly expanding cities, with a population in excess of 200,000. Junctions 13 and 14 of the M1 motorway are easily accessible via the dual carriageway network to the east, and there is a fast inter-city rail service to London, Birmingham and the north. The property is situated in a prime central business district location with main boulevard frontage. Nearby occupiers include Santander, Deloitte, Home Retail Group, Transport Catapult Systems and BP Mobil.
Planning permission was achieved on the basis of a Private Rental Apartment scheme. Construction commenced in October 2017 by the appointed contractor, United Living.
We are a UK based development company with global reach
High Street Residential
Key Facts •
Secured planning for a 7-storey 139 unit apartment scheme
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Large residential site
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Prime commuter location for London, Birmingham and the North via fast inter-city train lines
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Prime rental properties for key workers employed by large companies located in the vicinity
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Client is Grainger PLC
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Build is by United Living
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Total Sales £30.4m
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High Street Residential acquired a site in 2017 to construct the tallest building in Newcastle upon Tyne, a truly landmark development for the Company. The 89-metre high structure, located on Rutherford Street off St James Boulevard, will be made up of 27 storeys and comprise 162 rental apartments, representing a £40 million investment in Newcastle, where High Street Residential is based. From the top of Hadrian’s Tower, residents as well as members of the public will have opportunity to access the viewing deck, and take in the 360° views across the city. This floor will also feature a Sky Lounge which will be exclusive to residents. The off-plan sales of the 54 one bedroom, 102 two bedroom and 6 three bedroom apartments
began in September 2017, and these have mainly been purchased by overseas investors. 40% of the units have been sold off plan. Construction began on this prestigious development in December 2017 with the demolition of existing buildings, and will be completed by 2020. The building will appeal to the overseas student and post graduate market in the City due to the proximity to the University and newly regenerated Science Central Business School. Facilities will include on site management, café, laundry, cycle store and smart technology.
We build high quality residential developments in areas of high growth and high demand
High Street Residential
Key Facts •
162 apartment development which will be the tallest building in Newcastle
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Viewing platform to be opened to the public 18 times per year
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Provides unrivalled views across the city
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We targeted foreign investors for off plan sales
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Strong appeal for rental to the post graduate market
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Build is by Tolent
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Total Gross Development Value £45m
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We acquired a site next to Warrington Central Station – a former industrial site, to create 8 storey complex with a total development value of £56 million. The scheme has two adjoining phases of 362 residential apartments wrapped around an internal courtyard. The site also allows for a multi-story car park. Both phases are accessed via the pedestrianised square in front of Warrington Central Station. The plans include around 6,400sq ft of retail and leisure space and 796 parking spaces. The apartments will be open plan and contemporary in style with a mixture of single and two bedroom units.
There are also 3 bed duplex penthouses and a rooftop lounge. The foyer will focus on a new station square and provide a sense of placemaking, with a better balance of public and private open space. The square is being developed as part of the wider Warrington regeneration. Planning for the project was granted in May 2018, and the development has been sold to Cording Real Estate Group.
We are changing cities and their skylines by creating a sense of space and providing building amenities to future proof our developments
High Street Residential
Key Facts •
362 unit apartment development with multi-storey car park
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Major development area
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Ideally located for commuting to Liverpool and Manchester
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Terms have been agreed on the car park sale
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Incorporates a 796 unit multi-storey car park
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Total GDV £56m
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Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, just 10 minutes’ walk from Manchester City Centre. Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, Middlewood Plaza features split-height blocks of six and nine storeys, with a total of 127 homes across the site, in the largest of Manchester’s three main regeneration corridors. The project comprises one and two bedroom apartments, two and three bedroom townhouses. As well as residential accommodation, the £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym, hotel, bars, restaurants, nursery and medical centre. Middlewood Plaza is located in the heart of Middlewood Locks, which provides pedestrian access between Salford and Manchester
City Centre. Cycle access is in the process of being added, furthering the area’s excellent connectivity. Road and rail access to Middlewood Plaza is excellent, with Liverpool Street Bus Station 100 metres and Salford Central Train Station 750 metres away from the development. The M62 Motorway can be reached within two minutes. This prime location will provide residents with easy access to all that Salford and Manchester have to offer, from their employment opportunities to their leisure facilities. Construction is due to begin in September 2018.
High Street Residential
Key Facts •
127 unit BTL apartment and townhouse development
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Joint Venture with United Living
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Split height of 6 and 9 storeys
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10 minute walk to Manchester City Centre
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Total GDV £16.5m
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Premium rental location
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Westminster Works, Birmingham is located within the Southern Gateway £1 billion regeneration zone brought forward as part of the high-speed rail network ‘HS2’ masterplan, linking Birmingham and London. Westminster Works is an ideal base for commuters to the north and south. Westminster Works offers city living within a vibrant new neighbourhood. The area is a major development opportunity to create a new destination delivering development with the highest sustainability credentials centred around a newly created public space known as Moat Square. Westminster Works will be developed into 7 storeys and can accommodate 220 units within the boundary of the site. Our scheme comprises a modern appearance both internally and externally. The units will be open plan, modern Private Rental Scheme style units and configured around more attractive central entrances and access cores. There will be a communal garden
on the roof. The 220 units currently incorporated into the design have a balanced mix of 1 and 2 bed apartments. The scheme will be delivered in 2 phases, with separate access onto Cheapside and Alcester Street. The Big City Plan (BCP), launched in September 2010, is a 20 year vision for Birmingham’s City Centre supporting transformational change which will help create a world class city centre delivering sustainable growth, improved connectivity and authentic character. The project will cover an area of 800 hectares at the centre of the UK’s second city, the BCP provides the vision, strategy and principles to guide the future development and regeneration of the city centre.
We have a well defined exit strategy including agreements with large institutional investors
High Street Residential
Key Facts •
7 storeys, accommodating 220 units
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Excellent commuter and premium rental location
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Unique lifestyle offering
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Total GDV £50m
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Planning granted in May 2018
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Car parking and cycle storage
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The development comprises of one and two bedroom apartments
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A new development of 154 homes to be built in proximity to Old Trafford football ground, and with easy access to all commuter links. The site is located to the South West of Manchester City Centre in the town of Stretford. Surrounding the wider site are a number of amenities including large retail parks, Salford Quays with its abundance of retail and food establishments, superstores and light/traditional rail links. The site is also in close proximity to the Old Trafford football and cricket grounds as well as numerous large business headquarters including British Gas and Kelloggs. The site is within 1 minute walk of Trafford Bar tram station.
We are to acquire the site in 2018 on a ‘subject to planning’ basis. The development comprises 73 one bedroom, 69 two bedroom, and 12 two and three bedroom duplex apartments along with 65 parking spaces. Amenities will include roof and garden amenity space, a spacious internal courtyard and cycle storage. This attractive building is being designed with an animated façade and some apartments will benefit from a balcony.
High Street Residential
Key Facts •
154 homes to be constructed over 10 storeys
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Project major regeneration zone
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100% cycle parking provision in a 2 tier storage system
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Easy access to major train lines which will appeal to commuters
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Total GDV £28.1m
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Holloway Head will be a vibrant and a sustainable community in the heart of Birmingham City Centre This project has planning consent for 487 apartments, ancillary commercial space and underground parking. It is situated in the city centre, between The Holloway Circus Tower and The Mailbox, two of the highest value properties in the area. High Street Group exchanged contracts on this landmark project in May 2018, with construction commencing imminently. The Birmingham City Centre site, close to The Mailbox retail complex and the planned HS2 rail link, is part of an area undergoing significant regeneration. The landmark site, which is ten minutes walk from New Street Station, has previously remained vacant for more than
25 years. Its redevelopment will continue the wider regeneration of Birmingham City Centre through the Big City Plan. The ÂŁ120 million venture will create 487 one, two and three bedroomed apartments over 17 storeys. Planning permission was granted in May 2018. The North Tower will be sold to an institutional investor, whilst the South Tower block will be sold into the Buy to Rent marketplace. Savills in Hong Kong has been appointed as the selling agent.
High Street Residential
Key Facts •
487 units comprising 1, 2 and 3 bedroomed apartments
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Close to the Mailbox, in an ideal City Centre location
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We exchanged contracts in May 2018
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Smart technology included in the building amenities
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Total GDV £121m
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This site has 98 units comprising 1 and 2 bedroomed apartments in an ideal City Centre location in Birmingham, with an estimated GDV The site extends to approximately 2.47 acres (1 hectare) and is bounded by Kent Street, Bromsgrove Street, Gooch Street North, Wrentham Street and Henstead Street. The site is split into two plots (1 & 2) by a new pedestrian street which connects Kent Street to part-way along Henstead Street.
Kent Street Baths will provide the residents with a private courtyard garden, roof terrace and series of ‘sky gardens’ which can be enjoyed from every floor. These contribute to the visual aesthetic of the façade design whilst improving the natural light within the courtyard space.
Our building is located within the Southern Gateway £1 billion regeneration zone, which has been brought forward as part of the high speed rail network ‘HS2’ masterplan.
The plot will contain flexible retail/leisure/ commercial space to provide active street frontage and promote a healthy, diverse and sociable space for the residents and local community.
High Street Residential
Key Facts • • • • •
The development comprises 98 homes and is part of a wider mixed use development which will see the construction of 504 homes and 955 square metres of flexible retail, restaurant, leisure or office space Provision of car and cycle parking The overall development will create a new residential community and gateway to the future Smithfield Masterplan from Bristol Street Buildings in the overall development range from 7 to 19 storeys Amenities include a private courtyard, roof terrace and series of sky gardens
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The Charter comprises 737 homes within Phase 1 and is supported by commercial, retail and leisure facilities. Birmingham City Council is extending the city centre by 25% with the regeneration of Smithfield market area into a new retail, leisure and commercial zone. A high-rise boulevard is being created along the existing Digbeth high street, supported by the metro line connecting the city centre with the new high-speed railway (HS2). The Charter is the central part of the three developments within the boulevard. The project has two main phases. Phase 1 has two towers and interconnecting mid-rise blocks forming a courtyard. The larger of the two towers (blue and grey) will be presold to individual buyers.
The remainder of the asset, the smaller tower (yellow) and the medium rise massing will be pre-sold to an institutional PRS partner. 390 of the units will be PRS and 310 (Tower A) sold to individual buyers. Parking will be provided for 110 cars plus 700 cycles. Commercial space in the development will attract good quality brands such as Starbucks, Tesco Express and various restaurants and retail units.
High Street Residential
Key Facts • • • • •
737 units comprising 1 and 2 bedroomed apartments in Phase 1 Excellent commuter location Within Birmingham’s new Southern Gateway, which is an area of large scale holistic regeneration Estimated to complete the purchase in late Summer 2018, and begin on site in Q4 Total gross development value is £147,400,000
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A brand new residential development on the Southbank of the River Tyne, directly opposite Newcastle’s quayside. A short walk to Gateshead’s world-famous cultural quarter and offering stunning views across the river and the city’s landmark bridges, Brett Wharf will offer residents a unique and tranquil riverside address, only minutes from the convenience and vibrancy of Newcastle’s centre. The development comprises 207 apartments over two buildings with commercial and communal space. From work and transport, to retail and leisure the location is perfect for those seeking the convenience of city centre living, with everything on your doorstep. Whether it’s access to work, the gym, a glass of wine, a bottle of milk, or a train to London, Brett Wharf offers it all within easy walking distance.
The site is located in perhaps the last prime development site in the heart of the Newcastle Gateshead quayside with direct river frontage. Situated immediately to the west of the Grade l Listed High Level Bridge on the southern banks of the River Tyne, the site extends to approximately 0.52 hectares (1.28 acres) with an extensive river frontage of around 190m (620 ft). The site is close to the Hilton Hotel, opposite the Copthorne Hotel with Sage Gateshead, Baltic Art Gallery, and Premier Inn nearby. The highly successful Ochre Yards residential development is just to the south, as is the recently developed Trinity Square Shopping Centre that includes Tesco and Vue Cinemas.
High Street Residential
Key Facts • • • •
Total gross value of £34,800,000 The development comprises of 207 apartments The site will have two buildings, containing apartments, commercial and communal space This proposed site layout will consist of 33 studios, 96 one bedroom apartments and 78 two bedroom apartments
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Excellent city centre location within easy walking distant of major transport, retail and leisure hubs. The development is situated adjacent to Forth Banks, the primary vehicular route linking the city’s iconic Quayside to the city centre. The area has seen significant change over the past 30 years. In the 1990s the quayside was developed as office occupiers sought larger, more modern floor plates, with office buildings occupying the area east of The Millenium Bridge.
More recently the Stephenson Quarter has built on the above with the addition of the 4 star Crowne Plaza Hotel within a stone’s throw of the site at Pottery Lane, as well its leisure offer The Gin Bar. Furthermore The Boiler Shop at The Stephenson Quarter provides a multi-purpose events space hosting everything from concerts to a local independent craft beer and food festivals.
Subsequently the western side of the quayside became the city’s leading leisure destination capitalising on the iconic bridgescape. It is the home of Newcastle’s mature, mid to upper market offer with a host of high quality restaurants and bars. This includes the Michelin starred House of Tides run by Kenny Atkinson and Café Vivo, 21 and The Broad Chare all run by local food hero Terry Laybourne.
With over 50 of Newcastle’s bars and restaurants within a 20 minute walking distance Pottery Lane is ideally placed for Newcastle’s renters to remain a part of the city’s culinary and nightlife scene without being subjected to the congestion of urban living.
High Street Residential
Key Facts • • • •
Outline planning permission for residential development with capacityfor around 224 apartments, 110 of which are one bedroom units. Adjacent to the Forge, a 270 unit BTR scheme by Panacea and Moorfield due to open in mid 2018. Gateway to The Forth Yards area which will provide an urban village of significant critical mass. Total gross development value of £35,700,000.
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Current Pipeline Scheme & Location: Number of units: Chester le Street 200 The Charter Bull Ring Phase 2
680
S&K Birmingham
530
Dundas Street, Edinburgh
400
Bonnington Street, Leith, Edinburgh
225
Gilmore Street, Edinburgh
70
Hawks Road, Gateshead Quay
200
100 Broad Street, Birmingham
100
Wolverhampton 100 Kent Street Baths 1 406 Bmet Site, HS2, Birmingham
540
Holdfirth Court, Brussels Street, Leeds
165
Botanical Avenue, Trafford
125
Midland Street/Burr Street, Luton
304
Kings Manor office block Conversion
100
Ladybeck Close, Leeds
360
Leazes Terrace, Newcastle
150
Middlesbrough 100 Doncaster
150
Aspen House, Swindon
118
Monaco House, Birmingham 1000 Regent Plaza, Regent Road, Salford
555
Carliol Place, Newcastle
380
Freight Depot and Clasper, Gateshead
250
Gateshead Baltic Quarter, Newcastle
500
Stephenson Quarter, Newcastle
150
East Quayside, Newcastle
300
Trafford
1200
Sale 250 Ordsall, Salford
300
Carliol Street PRS at rear of scheme
250
Gun Quarter, Birmingham
360
Salford Quays 224 Old Oak Common, London 220
Total: 10,962
2nd Floor Cuthbert House All Saints Business Centre Newcastle upon Tyne Tyne and Wear NE1 2ET Tel: 0191 211 4120 Fax: 0191 232 2763 Email: info@thehighstreetgroup.com www.thehighstreetgroup.com