Modernise parking, CIL and space standards to build more homes, says Moda Living.
Moda Living, a developer and operator of homes for rent, with major schemes in six UK cities, has called for greater flexibility around stringent planning demands for car park spaces.
In its response to the housing white paper consultation, the company said that overly restrictive car parking standards requiring inappropriate levels of car parking, exceed the requirements of the Build to Rent market as renters are increasingly “asset-light” choosing to use ride share companies like Uber or car hire brands like Zip Car.
Moda Living has a pipeline of 5,000 homes across the UK’s biggest cities, it also wants reform of overly restrictive national residential space standards.
Tony Brooks, Managing Director of Moda Living, said, “Huge investment is going in to considerable shared areas that residents will be free to access. It’s essential these things are considered when planners are totting up the amount of space a resident has access to. Given the choice between a tiny private balcony you can’t fit a table on to or having a slice of a much bigger, shared space, it makes sense that we consider how we can offer people a higher standard of living without a “computer says no” approach to space standards.”
Select Committee reports on housebuilding
A new report from the Communities and Local Government Select Committee calls for the dominance of large volume homebuilders to be reduced to aid the housing market and build more homes. David Stapleton, CEO and founder of TenderSpace, an online platform that helps SME contractors manage, grow and protect their businesses, has welcomed the report and believes technology will play a big role in opening up the market.
“We agree with the Select Committee that the Government should support small and medium sized builders and ensure local authorities have the tools they need to make an effective contribution to solving the housing crisis,” says David. “SMEs drive competition, innovation and value in the marketplace and supporting them is crucial to the future of the housebuilding industry.”
SMEs drive competition, innovation and value, supporting them is crucial to the industry.
The report notes that the eight largest firms build more than half of all new homes and calls for a more competitive market, with a large number of companies of different sizes. The Committee recommends improving access to land and finance for smaller builders and says Government should reduce the risk for builders and prepare sites for development by providing infrastructure and planning permissions.
The report can be found at www.publications.parliament. uk/pa/cm201617/cmselect/ cmcomloc/46/4611.htm
Big deal in Nottingham
A multi-million pound residential scheme earmarked for Nottingham has been given the go-ahead from councillors.
Maryland Securities’ residential led scheme in Alfreton Road in the city will transform a three-acre former lace factory site to a major mixed-use scheme of housing and shops.
Called Avitus, the scheme is expected to create around 650 jobs during construction and an additional 100-plus permanent jobs in various sectors while injecting £124 million during construction and £26 million from retail and other sectors to the economy.
Nottingham City Council planners gave the scheme the seal of approval.
Jacob Jebreel, head of Manchester-based Maryland, said, “We are delighted planning has now been secured and look forward to progressing the development which will breathe new life into one of the city’s major arterial routes.
David Hargreaves of FHP and FHP Living, advising on the scheme, said: “What Jacob Jebreel of Maryland has achieved is a game changer for this part of Nottingham.
“The development of a new high quality residential quarter here of this scale will totally change the area and significantly enhance the approach in to the city centre along the A610 which is one of the main arterial roads into Nottingham.”
Period living in Paddington
London property developer Linton Group has announced the launch of Parker House, located on Paddington’s Cuthbert Street, with 19 refurbished luxury units. The homes start at £570,000 and are due to be ready for occupation later this year.
Designed by Clive Sall Architecture, the sleek modern interiors will bring the apartments into the 21st century, whilst retaining the building’s unique period charm with a brick façade, dormer roof and timber sash windows.
The flats range in size from 436 to 1286 sq. ft with ceiling heights of up to 3.4m. Most have private access to outdoor space, from ground floor courtyards to balconies and terraces. New residents are also eligible for a 25 year Car Club subscription and secure cycle storage.
Parker House, previously known as 5A Cuthbert Street, was named after the architect of the original building.
Gary Linton, Founder & Managing Director of Linton Group said, “This is such an exciting time for Linton Group, we always strive to set the benchmark for quality in the area and we believe we have done so with Parker House. Paddington is a very exciting area to be working in at the moment and we are extremely proud of the scheme.”
New build woes in London
Battersea Power Station is re-examining its “delivery priorities with a view to easing the financial burden”. It has reportedly reached a “critical stage” and written down its projected investment returns (IRR) from 20 per cent to 8.29 per cent. It is also moving some of the proposed affordable homes to a later phase and is introducing a review mechanism to determine the amount of affordable housing that the scheme can viably deliver.
Battersea isn’t alone. LCP’s latest analysis of Land Registry Data on new build sales highlights the picture in 2016 for Prime Central London and Inner London:
In Prime Central London, 44 per cent of all the new flat sales in 2016 took place in Q1 as buyers rushed to beat the deadline for the new additional rate Stamp Duty. This was the highest number of new build sales recorded for any previous quarter.
However, completed sales of new build flats were down 41.4 per cent by the end of 2016, compared to the previous year. Average prices for new builds also fell 8.7 per cent to £1.9m.
Naomi Heaton, CEO says, “Whilst the story for new builds in PCL, particularly luxury property, looks grim, these represent a very small proportion of the PCL market due to the lack of development possibilities. There were only 867 new build sales in 2016, representing just 14.6 per cent of total property sales.”
One rich picking left in The Fruit Market
Nottingham’s first ever group custom build community – in which buyers can design the layout and look of their home with an architect – has proved extremely popular with buyers to date, with only one home remaining in phase one.
The Fruit Market, located on Bath Street in Sneinton, will comprise 40 sustainable and architecturally unique homes. Nottingham-based property developers Blueprint, invites interested home buyers to find out more about the community at an event in the city centre.
They will learn more how they can get involved in current and future phases and work alongside Nottingham architects Letts Wheeler to shape their dream home and collaborate with their neighbours to design shared spaces.
The £8m project is just a few minutes’ walk from the city’s cultural hub of Hockley, on the doorstep of Victoria Park – one of Nottingham’s largest green spaces – and next door to the redeveloped Sneinton market.
Development Manager Alec Hamlin said, “Group custom build is still a relatively new way of building houses in the UK, but is a proven r concept in Northern Europe. It offers homebuyers the chance to shape the spaces and community that they will live in, without the headache of starting from scratch.”
Plans for new Garden Village
Plans to create a new Garden Village for the South have reached a key milestone, as Buckland Development Limited (BDL) submits its outline planning application for a 6,000 home new community north of Fareham.
The application is the result of years of planning by BDL, a Hampshire-based development company that represents the vision and aspiration of Mark Thistlethwayte (Southwick Estate), who is the majority landowner of the Welborne area. Mark is Chairman of BDL working on the Welborne project with his team for nearly a decade. He is also involved in another major development scheme locally (Berewood, at Waterlooville) with Grainger plc.
Welborne was included in the list of Government-backed Garden Village settlements announced by Housing and Planning Minister Gavin Barwell MP in January 2017.
Patrick Clarke, Director, AECOM, who has led the masterplanning on Welborne for BDL since 2008, said:
“As one of the first 21st Century Garden Villages, Welborne represents a new generation of sustainable communities. Our masterplan combines the principles that inspired the UK’s original and ever popular Garden Cities with best practice design approaches appropriate for today’s context.”
In addition to 6,000 new homes, Welborne will include a village and district centre with a variety of retail, commercial and employment uses plus primary and secondary schools, healthcare facilities, and extensive green infrastructure with sports pitches, public open spaces, parks and woodland.