Maryland Point

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Maryland Point
An Approach to Affordable Housing
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Agenda

• Introduction
• Maryland Point
• The Market
• Opportunities
• Summary

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Introduction

• Plan for growth Construction
• Partnership approach sector focus
• Build on recent successes in public and regulated
  sectors
• Plan for growth Housebuilding
• Build on success as strong regional developer
• Expand units sales by 50 over next 3 years
• Affordable Housing an opportunity for Galliford
  Try

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Maryland Point
Key Characteristics

• Mixed Tenure Mixed Use
• Partnering Framework Procurement Route
• 9.8m Design Build Scheme

Maryland Point, Stratford
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Maryland Point
Mixed Tenure / Mixed Use

• Mixed Tenure - 105 new 1 2 bed apartments
• 52 outright sale 32,900ft²
• 12 market rent 6,900ft²
• 41 shared ownership 23,700ft²
• Commercial 9,100ft²

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Maryland Point
Partnering Framework Route
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Maryland Point
Added Value / Benefits
CONSTRUCTION
HOUSEBUILDING
GALLIFORD TRY PARTNERSHIPS
TRY HOMES

• Partnering ethos
• Early involvement in design
• Certainty of delivery Time / Cost / Quality

• Appropriate market knowledge
• Specific design criteria incorporated in scheme
• Defined sales strategy

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The Market
Statistics

• New build market set to rise 25 - 2 billion by
  2006
• Refurbishment maintenance market set to rise
  20 - 7.5 billion by 2006

• Largest demand London South East
• Government key driver
• Barker review - 20,000 additional affordable
  housing units year on year to 2011
• Sustainable Communities Initiative Key Worker

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The Market
Sub Sectors
The Market
Demand
Demand
Key Worker
Affordable
Supply
Supply
PFI/SPV
House Builders
H/A
House Builders
L/A
H/A
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Opportunities
Construction

• Building on existing relationships
• Currently working with 15 H/As on over 1500
  units
• Housing Associations increasingly looking for
  top-up funding to increase their overall
  development programme

• Partnerships already involved in PFI procurement
  route

• LA MBCs require refurbishment and replacement
  of old stock

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Opportunities
Housebuilding

• Two main forms-
• To provide accommodation for rent, shared
  ownership key worker
• and sub-market
• Enabling - Section 106 Agreement (planning
  obligation)
• Collaboration - Joint developments with housing
  associations/local authorities and
  other public bodies to provide mixed- tenure
  development

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Opportunities
Housebuilding
Enabling

• Large growth area
• Proactive relationships critical
• Potential requirement for developments to provide
  30 affordable housing

Waters Edge, Shaldon
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Opportunities
Housebuilding
Collaboration

• Exciting area going forward
• Beneficial land payment terms
• Excellent relationships essential
• Increased margins due to less competition
• 5 current projects 700 units

Little Bitchywind, Bradninch
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Summary

• Growth market for contractors and housebuilders
• Galliford Try capitalising on experience
• Clear advantage of joint construction
  housebuilding approach
• Maryland Point illustrates our capability

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Maryland Point
An Approach to Affordable Housing