Urban Network Capital Group’s Post

A round-up of all things #realestate so far in February: Barratt Developments plc has agreed a £2.5bn deal to buy its rival housebuilder Redrow. Under the terms of the all-share deal, Barratt will pay a premium of about 27.2% to Redrow’s share price, valuing the company at £2.5bn. Redrow shareholders will own just under a third of the new group. Niche commercial property agent Compton has begun the £27.5m sale of the Hoxton Campus on behalf of Aviva Investors. The guide price equates to a capital value of £851/ sq ft and a net initial yield of 7%. Compton described the sale as “offering a rare opportunity to acquire a portfolio of three prime central London office buildings.” HUB and Bridges Fund Management Ltd. has agreed to an £88m forward funding deal with Singapore-based property developer, City Developments Limited (CDL) to deliver Yardhouse, a 209-home co-living scheme in Wood Lane, West London. Logicor, Blackstone’s European logistics platform, has secured planning consent to redevelop a 330,000 sq ft, BREEAM Excellent warehouse in Salford. Construction is due to commence in Q3 2024, with planned completion in Q4 2025. Upon completion, the former base of retailer Littlewoods will become known as Bolton 330. The joint venture between Oxenwood Real Estate and Alberta Investment Management Corporation (AIMCo) has obtained planning permission to build a last-mile logistics facility in Acton. Ealing Borough Council approved a 106,000 sq ft warehouse to be built on the 4.7-acre site just off Uxbridge Road. Cubex and JV partner, ALARA INVESTMENTS LIMITED, are delighted to announce their first unconditional acquisition as a partnership of a brownfield site located in the Temple Quarter Enterprise zone in central Bristol. The site is located less than a 3-minute walk from the University of Bristol’s new Temple Quarter Enterprise Campus which is due to open to 4,500 new students in 2026. The scheme will have a GDV over £100 million. Urbanite Living Limited has kickstarted the freehold sale of a portfolio of purpose-built student accommodation (PBSA) properties in the UK for £130m. The five properties offer a total of 999 student bedrooms and are located in key Russell Group cities of Leeds, York, Sheffield, and Glasgow, and are a combination of currently operational assets and new build schemes set for occupation this year. Student developer Downing has completed the acquisition of a car park site in Brighton. The former Bennett’s field car park, next to Brighton & Hove Albion’s Amex Stadium, will be redeveloped into a purpose-built student accommodation (PBSA) scheme comprising 555 bedrooms. All articles can be found on React News and Property Week #development #realestate

From citybiz Robert Horton, who led the transaction through George Smith Partners (GSP) now transitioned to the role of Managing Director at Concord Summit Capital, successfully arranged $32,700,000 in construction debt financing, complemented by $16,700,000 in C-PACE, to fund the development of a 225,000-square-foot mixed use facility which will include luxury garage suites, offices, showrooms, warehouse flex units and a secure indoor parking facility. This project is the second phase of an existing Garages of America development located on the adjacent site and its flagship location in north Dallas, Texas. “Garages of America continues to be the gold standard in this burgeoning asset class and has seen impressive growth in demand.” As noted by Robert Horton “Utilizing C-PACE Alliance, an innovative financing solution, ensured low-cost capital for the Sponsor. This approach not only aligns with energy efficiency and conservation standards but also offers financial benefits. C-PACE enabled a reduction in capital costs and equity contributions, enhancing investor yields compared to other financing methods.” The Sponsor, Garages of America; a leading developer in the Dallas-Fort Worth area with a track record of 4.2 million square feet in garage condos and other commercial developments, sees significant growth potential in this niche market. Their garage condominiums cater to diverse storage needs, offering climate control, power, security, and 24/7 access. Drawing parallels with the evolution of self-storage into a multibillion-dollar industry, they anticipate a similar trajectory for garage condominiums, positioning themselves at the forefront of this emerging market. Fred Gans, founder of Garages of America, said: “C-PACE enhanced our capital stack and allowed us to embrace sustainability and innovation within Phase 2 of our Carrollton campus. By leveraging this tool, we can implement cutting-edge technologies that not only reduce our carbon footprint but also elevate the experience for our exclusive clientele. This commitment underscores our dedication to setting new standards in sustainable development within the luxury garage industry.” This is the second project to break ground in 2024, with upcoming sites set to begin construction later in 2024 and 2025 within the Dallas Fort-Worth Metroplex The Dandy Horse, Inc. Loves this. Are there any locations up north? Mark Kabbash call these guys up! #proptech

🚀 Exciting Transformation from Distressed Property to Golden Opportunity! 🏡📈 Ready for a success story that proves the power of strategic investment and perseverance? Let's dive into how a distressed property in Birmingham was masterfully turned into a 20% ROI! 🔍 **The Challenge:** What begins as a distressed, neglected property often seems mired in financial gloom. Our Birmingham property was no exception. Years of neglect had left it in a state that scared away even seasoned investors. 🔨 **The Game Plan:** - **Assessment:** We began with a thorough evaluation of the property’s condition and potential. - **Financing:** Secured an innovative financing solution aligning payment schedules with project milestones. - **Renovation:** Implemented a comprehensive renovation plan that included modern amenities and sustainable materials. - **Vision:** We didn't just see a house, we saw potential for a home that a family would cherish. 📊 **Execution:** 1. **Structural Integrity:** Addressed foundational issues, ensuring safety and longevity. 2. **Modern Touch:** Updated electrical systems, plumbing, and added energy-efficient solutions. 3. **Aesthetic Appeal:** A fresh coat of paint, new flooring, and updated landscaping transformed the visual appeal. 4. **Market Analysis:** Conducted an in-depth market analysis to set a competitive, yet profitable rental/sale price. 💡 **Strategic Decisions:** - Kept communication open with local contractors. - Leveraged local real estate data to guide renovation decisions. - Incorporated high-demand features to attract quality tenants. 💬 **Key Insights:** - Never underestimate the value of local market knowledge. - Distressed properties often come with hidden gems of opportunity. - ROI grows significantly when aligning renovation costs with market demand. 💼 **Outcome:** Transforming this property was no small feat, but the numbers speak for themselves. After renovation: - **Property Value Increase:** 35% - **Occupancy Rate:** 100% within one week of listing - **Return on Investment:** 20% 🌟 **Final Thoughts:** This case study encapsulates the essence of real estate transformation—spotting the hidden potential, executing a strategic plan, and optimizing for market needs. This project not only yielded financial rewards but also reshaped a community, enhancing the lives of its new inhabitants. 📈 **Call to Action:** Are you sitting on a distressed property or looking for smart investment opportunities? These results are proof positive that it's possible to turn a challenge into a remarkable success story. Let’s harness this potential together! #RealEstate #Investment #CaseStudy #ROI #BirminghamRevivals #PropertyRenovation #FinancialGrowth

Transforming a distressed property into a 20% ROI might sound like a daunting task. Yet, what unfolded in Birmingham serves as a compelling case study, reflecting the power of strategic investment and resilience. 🔍 **Initial Assessment** Faced with structural issues, outdated interiors, and a crumbling facade, the property in Birmingham was far from inviting. Many would walk away—but not our determined investors. Their journey from despair to success began with a meticulous evaluation. 🏗️ **Strategic Renovation** This began with a clear, phased plan: - **Structural Reinforcement:** Addressing core foundational problems ensured long-term stability. - **Modern Interiors:** Replacing outdated fixtures and fittings with contemporary designs made the property highly appealing. - **Curb Appeal:** An attractive exterior created a positive first impression, setting the tone for potential buyers or tenants. 🔍 **Smart Financial Planning** What often goes unnoticed in property transformation is the importance of financial strategy. Our investors: - Leveraged *short-term loans* to kickstart renovations quickly. - Made use of *tax incentives* available for property improvements. - Controlled costs with a detailed, line-item renovation budget. ⚙️ **Execution** The transformation was not just about money—it was about coordination. Embracing project management principles, timelines were adhered to rigorously. This included: - Weekly status meetings with contractors. - Regular compliance checks to ensure building codes and permits were in place. - Adaptive strategies to handle unforeseen issues, like the discovery of hidden mold. 📊 **Marketing and Sales** Highlighting the renovated property's potential was crucial. An effective strategy included: - Professional staging to showcase the interior design. - Engaging photography and video tours for online listings. - Leveraging social media and real estate platforms for maximum visibility. ✨ **Outcome** - The property not only sold quicker than expected but at a price well above initial projections. - It drew multiple competitive offers, leading to a final sale that realized a stunning 20% ROI. 📈 **Lessons Learned** - **Thorough Due Diligence:** Never underestimate the power of a detailed assessment. - **Smart Financing:** Utilize every financial tool at your disposal. - **Project Management:** Effective execution is as crucial as planning. ❗ **Final Thought** Turning distressed properties into profitable ventures is no easy feat, but Birmingham's case study teaches us this: with the right strategy, meticulous planning, and unwavering dedication, what appears as ruin can transform into remarkable success. Here's to seeing potential where others see problems, and transforming challenges into profitable opportunities. 🌟#RealEstate #Investment #PropertyManagement #ROI

Do you know if your commercial real estate project is feasible? Read our in-depth guide to truly understand what drives the success of CRE projects. We detail the fundamental factors that can either make or break your development’s viability. Follow the link below to discover valuable insights that can steer your project clear of pitfalls. https://lnkd.in/gnJG6QCh #cbus #cle #consulting #CRE

Unless you're starting at a basis of $20-$30 / SF for the base building. You will have a $400 / SF real cost to convert many, if not most of the buildings in question. That's why the conversions that have been done to date were market rate projects when you could sell a white box for $1M. Or that those with any momentum today are driven by legacy owners whose basis is close to that $20-$30 number. Anything else is going to be tough to pull off at today's construction costs and mortgage rates. It can happen, but the incentives need to grow significantly. Moves like the one that Councilman Bobby Wilson have put on the table are a very good start. But they are a start. We need more governmental leaders thinking outside the box like he is though. I’m excited to see how it goes. #residentialdevelopment #residentialconversion #downtown

🚀 **Case Study: How a Distressed Property in Birmingham Became a 20% ROI Gem** 🚀 Investing in real estate always holds a certain allure, doesn’t it? But how do you transform a seemingly hopeless property into a revenue-generating asset that delivers a 20% Return on Investment? Let's dive into our remarkable journey: **Step 1: Identifying the Opportunity** - A distressed property in the heart of Birmingham caught our eye. - Despite the evident wear and tear, we saw potential in its prime location and structure. - Our research indicated a gap in the market for affordable, quality housing in this area. **Step 2: Meticulous Planning and Budgeting** - Engaging a team of experts, we assessed the cost of necessary renovations. - A renovation budget was planned, focusing on cost-effectiveness and quality improvements. - We also researched comparable properties to ensure an upward trajectory in property value upon project completion. **Step 3: Securing Financing** - Leveraging our network, we secured a competitive financing deal. - Ensuring a meticulous breakdown of projected costs and potential returns to present a compelling case to lenders. **Step 4: Renovation Magic** - Working with local contractors, the renovation phase was rigorous and detailed. - Key improvements included: - Modernizing the kitchen and bathroom areas. - Updating plumbing and electrical systems. - Enhancing curb appeal with landscaping and exterior paint. **Step 5: Marketing and Leasing** - Post-renovation, we utilized digital marketing strategies to attract potential tenants. - High-quality photographs and virtual tours were employed to highlight the property’s transformation. - Within weeks, we secured tenants willing to pay a premium for quality and location. **Outcome: A Shining Success** - The revamped property didn't just meet our expectations; it exceeded them. - Here’s the breakdown: - **Initial Investment**: $200,000 (Purchase + Renovation) - **Annual Rental Income**: $48,000 - **ROI**: 20% **Key Takeaways:** 1. **Due Diligence is Crucial**: A thorough market analysis can uncover hidden gems. 2. **Budget Wisely**: Accurate budgeting can mean the difference between profit and loss. 3. **Quality Wins**: Quality renovations attract better tenants and justify higher rents. 4. **Marketing Matters**: A strong marketing strategy can significantly reduce vacancy periods. This case study reaffirms the potential that lies within distressed properties. With a strategic approach and a dedicated team, what seems like a crumbling structure can turn into a lucrative investment. Isn't it exhilarating what foresight and effort can achieve? 🏗️🔑 #RealEstate #InvestmentStrategies #PropertyManagement #Birmingham #ROI

Exceptional Investment Opportunity: Historic Property in an Opportunity Zone with EB-5 Eligibility and Seller Financing Options Embark on a lucrative investment journey with this unique property, boasting a rich historical background and situated in a designated Opportunity Zone. This vacant property is not only EB-5 eligible but also comes with the advantage of partial seller financing, making it an unmissable investment prospect. Historical Elegance with Lucrative Tax Benefits: Listed on the Historic Registry, this property exudes timeless charm and architectural grandeur. It presents a rare chance to restore a piece of history while benefiting from significant tax incentives. This project offers the perfect blend of preserving the past and embracing future financial rewards. Strategic Location in an Opportunity Zone: Situated in an Opportunity Zone, this property is a goldmine for investors seeking to capitalize on tax benefits. Investing here could mean deferrals or reductions on capital gains taxes, making it a financially astute choice. Your investment will not only be profitable but also play a pivotal role in the community's economic rejuvenation. EB-5 Investment Opportunity: This property is an ideal venture for those looking to leverage the EB-5 Immigrant Investor Program. By investing in this project, you contribute to job creation and local economic development, while also paving your path to U.S. residency and citizenship for international investors. Versatile Mixed-Use Development Potential: The property's mixed-use zoning opens a world of possibilities. From high-end residential units, chic office spaces, to retail and entertainment complexes, the potential to diversify your investment portfolio is immense. This versatility ensures a resilient investment in an ever-evolving economic environment. Outstanding Potential for High ROI: With its unique combination of historical significance and prime location, this property is poised for a remarkable return on investment. Expect substantial cash flow and capital appreciation, offering both immediate and long-term financial growth opportunities. Ease of Investment with Seller Financing: Understanding the complexities of financing vacant properties, we offer seller financing options to qualified investors. This flexibility facilitates a smoother investment process, allowing you to realize your vision more efficiently. This is more than an investment; it's a chance to own a piece of history, to contribute to community development, and to reap substantial financial rewards. Don't miss out on this multifaceted investment opportunity. Contact us to discover how you can transform this historic property into a thriving, income-generating asset. The future is bright, and the possibilities are endless with this exceptional property. https://lnkd.in/exUwKqaR