By Emma Keller
It’s been a busy start to the year for Delph (and me!).
Since returning for the new year we have been meeting with developers who have some exciting schemes in the pipeline, some of which could see Delph move into new regions…
Speaking of new regions, we’ve widened our gaze further north than ever before, which has taken us to some very interesting opportunities in Newcastle. The outlook from this is promising and we are excited about the prospect of potentially acquiring sites in a city that has a lot of buzz.
It’s important for us to understand how the market performs here as this will be a region that’s very new for Delph. We are now busy doing our homework as we explore these opportunities further.
New trends – modular building & de-risking
From meeting with developers, the rise in modular building strategies is evidently going to be a trend in 2017. Like many in the UK property industry, this is a new phenomenon for Delph. However with cheaper production costs and faster build times resulting in a quicker delivery of new homes, the benefits are hard to ignore.
We’ve also been hearing more and more that developers want to be de-risked from the start of a scheme, by having an investor in place from the pre-application stage in planning. Delph has been doing this for years. By working with developers from the start, we have delivered fantastic developments and cemented great long term relationships with our partners.
This month we also sponsored the Insider North West Residential Property Awards and presented the Public / Private Partnership of the Year Award.
It was brilliant, to meet and talk with people from across the property industry working in the North West. Fred Story, founder of Story Homes, gave a particularly interesting speech on his journey and he spoke enthusiastically about the strong future ahead for the PRS market.
Throughout the night a key topic of discussion centred on investment. The general consensus is that there is still a lack of investors willing to fund regional property schemes.
Our Head of Acquisitions, Nick Belkin presents the award for Public and Private Partnership of the Year to Hyndburn Council and Place First, at the Insider Residential Property Awards
We have been acutely aware of issues surrounding investment for some time and this is something we hear again and again. Our upcoming White Paper will focus on how a lack of lending to SME housebuilders has had a detrimental impact on housebuilding across the country – stay tuned to our website for more details on this.
The diary for the next few weeks doesn’t show any signs of slowing down. I’ll be continuing to get out of the office and engage with developers to establish long term partners for Delph.
If you have a city centre development you’d like to sell, if you’d like to de-risk your development from the start, if you want to find out the many ways Delph can work with you; drop me an email to arrange a chat on how we can help you get building.