IntroductionToAnnington-2019-web - Page 22



Introduction to Annington 2019
Waterbeach, Cambridgeshire
SUCCESSFUL STRATEGIES FOR RELEASES
CONSTRUCTIVE DIALOGUE WITH MOD
Dialogue ongoing
LARGE SITE SALES
RAF Coltishall, Norfolk
MIXED SALE & RENTAL
Waterbeach, Cambridgeshire
• Regular program of meetings
• Contacts at multiple levels in both organisations
Commercial arrangement with significant points
of alignment
• Agreement on early Site Review process provides certainty to both
parties
• Long term incentives in place for MoD to release units in return for
dilapidations relief
• Joint working group formed to address estate and infrastructure issues
22
Key features
Key features
• 424 houses and flats
• 254 houses and flats
• Sale strategy with rental used to manage market demand
• Mixed sale (155 units) and rental (99) strategy
• Refurbishment included internal redecoration of units
and street scene
• Refurbishment included internal redecoration of units
and street scene
• Unit sales outperformed value expectations
• Unit sales outperformed value expectations
REDEVELOPMENT
BULK RENT
RAF Brize Norton, Oxfordshire
Canterbury, Kent
Key features
Key features
• 135 new build units (54 flats and 81 houses)
• 147 units
• Existing MQE units rented during planning process
• Bulk let following refurbishment and street scene work
• Total demolition and rebuild
• 30 year lease on terms similar to MoD rent at 83% of OMR
• Mixed sale and rental strategy
• Rented to London Borough of Redbridge to alleviate
homelessness
| Annington Limited Introduction to Annington 2019
| Annington Limited Introduction to Annington 2019
• Co-operation on redevelopment opportunities – marriage value
23

Paperturn



Powered by


Full screen Click to read
Paperturn flipbook system
Search
Overview
Download as PDF
Print
Shopping cart
Full screen
Exit full screen