Custom Build in Action - BuildStore
Custom Build in Action - BuildStore
Custom Build in Action - BuildStore
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Bickleigh Down Eco-VillageThe enabl<strong>in</strong>g developer approach to <strong>Custom</strong> <strong>Build</strong>,Charles EverardCharles Everard Project Management, ZEDprojects & CornerstoneZEDC.E.P.M. - “Mak<strong>in</strong>g it happen.”C.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Bickleigh Eco VillageZEDfactory architectsC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
New Community• Complete eco-community with wood, green, workspace, communityfacilities, tra<strong>in</strong><strong>in</strong>g and car club• Code 6/Zero bills• same price as a volume hous<strong>in</strong>g product.• UK’s first commercially viable Code 6/zero bills community. charles.everard@bt<strong>in</strong>ternet.com
ZEDfactory architects
Location Near Dartmoor National ParkC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Mak<strong>in</strong>g It Viable• Plann<strong>in</strong>g & section 106 – enhanc<strong>in</strong>g value e.g. car club and LRC• Viable bus<strong>in</strong>ess plan to secure <strong>in</strong>vestment• Prov<strong>in</strong>g demand• <strong>Custom</strong> <strong>Build</strong> approach• Loans & Grants• Development structure• Fund<strong>in</strong>g & lend<strong>in</strong>gC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Tapp<strong>in</strong>g Into DemandCross section or “slice” of a home.• Shadow community “early adopters” - <strong>in</strong>volved• 260 people l<strong>in</strong>ed up! Latent demand proven• Second route to market• Sell<strong>in</strong>g - Sales pack & escrow accountC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
<strong>Custom</strong> <strong>Build</strong>Self-commissioned• Individual choice – house types- Kit of partsS<strong>in</strong>gle construction system - lend<strong>in</strong>g- simplicity, cost and speedC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Serviced Plots ApproachRoad/estatelayout bydeveloperC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Serviced Plots Approach• Enabl<strong>in</strong>g developer <strong>in</strong>stalls site services, dra<strong>in</strong>s and roads to provideserviced plots.• Serviced plots marketed and sold, together with contract to supply &assemble house kit.• Buyer secures mortgage matched to product. Pays for plots and ‘Kit’house.• Kit Co supplies & erects the house.C.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Serviced Plots Approach• <strong>Custom</strong>er receives serviced plot with PP• Cash flow & sales risk• Lower ma<strong>in</strong> contractor OHP• Pre-sales – kits sold to order• affordable• In l<strong>in</strong>e with policy• Sits with community right to build/localism• Social & employment benefitsC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Kitco - Warranties, Insurances & Lend<strong>in</strong>gFoundations/Dra<strong>in</strong>sBuyerSite InsuranceLenderDeveloper/RSLFrame/envelope & w<strong>in</strong>dows10 year WarrantyFit out –( Option )KitCoSupply & erectPr<strong>in</strong>cipal Contractor ‘All Risks’Public LiabilityCounterIndemnity2 year Defects PeriodC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Development StageProgramme & InvestmentBoardMortgageWarrantiesSenior Debt - £Investors - £Construction Debt & Project F<strong>in</strong>anceDelivery Co - JVDelivery CoKit CoInsurancesConventionalHous<strong>in</strong>gContractorContractorforCivils & plotsCommercialRSL Hous<strong>in</strong>gPlot purchaseContract withKitCo forsupply & erect.House buyerC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Exit StrategyStart after 20 plots sold( 10 self-procure & & 6 new houses.)start<strong>Build</strong>7 months 34 sales Cont<strong>in</strong>ue to develop site2 sales pcm( 34 Self-procure & 11 new houses )RoI = £ mExitSell plotsC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Investment Stage PotentialInvestment FundTBAProperty CoInvestment StagePropertyInvestment 1RentsFiTsRentsRSL & PrivateRentsGround Rents –lessma<strong>in</strong>tenance,PV Esco utilitycharges( Index l<strong>in</strong>ked)Feed In TariffGreen Hub coSocialEnterpriserevenue from:Tra<strong>in</strong><strong>in</strong>gShowroomIncubationspaceSecurity for rentTBACapital for Green Hub-50% contractor- 5 year loan -- security TBA-- Lease sold after 5 years-Once rents <strong>in</strong>creased.C.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Fund<strong>in</strong>g & Security, Loans & Grants• Loan HCA and other grants• Mixed fund<strong>in</strong>g, security• Home and Communities Agency – <strong>Custom</strong> <strong>Build</strong> Loan• 75% of fund<strong>in</strong>g for up to 20 houses• 25% fund<strong>in</strong>g by developer• Secuity• Valuation• Other Grants & LoansC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
C.E.P.M. charles.everard@bt<strong>in</strong>ternet.com
Conclusion• Set up CornerstoneZED Development Co• Viable bus<strong>in</strong>ess plan to secure pitch for fund<strong>in</strong>g• Negotiated for land – LA Open Market Value, capital receipt for land.• Oversaw plann<strong>in</strong>g application• Section 106• Bus<strong>in</strong>ess Plan • Fund<strong>in</strong>g, F<strong>in</strong>ance, • Sales and Market<strong>in</strong>g• Application for £ 2.6 million HCA loan• Everyone plays a part….charles.everard@bt<strong>in</strong>ternet.com
C.E.P.M. & CornerstoneZEDWho We Are• Charles Everard; CEPM, project management, development enablement.• ZEDprojects – Charles Everard & Bill Dunster Project Managementspecifically for Zero Energy Developments.• CornerstoneZED. Directors: Charles Everard, Tim Byles (CBE) Sal Wilson• ZEDfactory architects• ZBHCo – Potential Kit SupplierC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Charles Everard: CEPM, ZEDprojects and CornerstoneZED.Charles EverardProject ManagerCharles Everard is a director of ZEDprojects, a project management consultancy for lowcarbon projects and jo<strong>in</strong>t ventures, and a director of CornerstoneZED, Plymouth Ltd.Prior to found<strong>in</strong>g ZEDprojects and work<strong>in</strong>g with CornerstoneZED, Charles led a number ofPublic Private Partnership companies and led major programmes and projects, <strong>in</strong>clud<strong>in</strong>g:• large hous<strong>in</strong>g schemes.• Lead<strong>in</strong>g of a Local Education Partnership ( LEP), hold<strong>in</strong>g overall accountability to the PPPboard for plann<strong>in</strong>g and delivery of £ 220 million schools programme ( Seconded to PPP byVosper Thorneycroft )• Director of a Local Improvement F<strong>in</strong>ance Trust Company ( LIFTCo), oversee<strong>in</strong>g theplann<strong>in</strong>g and delivery of primary health care across 3 boroughs.• Project Manager for the £320 million BBC West One. Project manager for the leadconsultants, MJP, for the redevelopment and delivery of the new BBC Broadcast<strong>in</strong>g House,Phase 1.• Qualifications. He is an Association for Project Management at Professional Level (APMP)and holds an MSc <strong>in</strong> Energy and Susta<strong>in</strong>able Design, <strong>in</strong> addition to his <strong>in</strong>itial qualification asan architect.22. 07976 198144C.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
Service to Land Owners & Local Authorities• services required for a typical site to facilitate and organis<strong>in</strong>g a LA Self <strong>Build</strong> offer. These would <strong>in</strong>clude• <strong>in</strong>clud<strong>in</strong>g liais<strong>in</strong>g with your officers and the prospective self builders,• assess<strong>in</strong>g the feasibility of the site• organis<strong>in</strong>g the desk-top surveys• establish<strong>in</strong>g the costs and options,• facilitat<strong>in</strong>g access to mortgages,• co-ord<strong>in</strong>ation of the technical work.• Mak<strong>in</strong>g the applications for Outl<strong>in</strong>e Plann<strong>in</strong>g Permission.• Initial Development Appraisals.• Apply<strong>in</strong>g where eligible for grants and loans•• Once we have secured plann<strong>in</strong>g consent, and established the costs of the civils and roads, we would then review the optionswith the client to establish your preferences as to how to proceed <strong>in</strong> fund<strong>in</strong>g the cost of the civil eng<strong>in</strong>eer<strong>in</strong>g work ( roads anddra<strong>in</strong>s ). We could either:a) - organise the development of the site as serviced plots, writ<strong>in</strong>g the bus<strong>in</strong>ess plan to secure fund<strong>in</strong>g, orb) - seek <strong>in</strong>terim fund<strong>in</strong>g from the council to carry out the civil work ( for example for the small site £40-50 K for the smallersite ) until the client recovered its costs from the proceeds of the sale of plots.C.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
The OfferFully AssembledOr Traditional House Sale• House professionally built by our construction partner.• Covered by warranties• High St mortgageShell & Core or“Self-F<strong>in</strong>ish”• Outside frame built professionally• Interior left for homeowner to f<strong>in</strong>ish• Insurance for self-f<strong>in</strong>ished element• Self-<strong>Build</strong> or accelerator mortgage or CML compliant.<strong>Custom</strong> <strong>Build</strong>• Fully Serviced plot• Home owner purchases hous<strong>in</strong>g kit and ‘self-builds’ from a series ofoptionsC.E.P.M.charles.everard@bt<strong>in</strong>ternet.com
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