Maryland Point

An Approach to Affordable Housing

Agenda

• Introduction

• Maryland Point

• The Market

• Opportunities

• Summary

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

Maryland Point

• Mixed Tenure & Mixed Use

• Partnering Framework Procurement Route

• £9.8m Design & Build Scheme

Key Characteristics

Maryland Point, Stratford

Maryland PointMixed 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

Maryland Point

CLIENT

Partnering Framework Route

COST CONSULTANTS

WALKER MANAGEMENT

DESIGN TEAM

STOCK WOOLSTENCROFT ARCHITECTS

SPECIALIST SUPPLY CHAIN

SPECIALIST CONTRACTORS/SUPPLIERS

CONSTRUCTION PARTNER

Maryland PointAdded Value / Benefits

• Partnering ethos

• Early involvement in design

• Certainty of delivery – Time / Cost / Quality

• Appropriate market knowledge

• Specific design criteria incorporated in scheme

• Defined sales strategy

CONSTRUCTION HOUSEBUILDING

GALLIFORD TRY PARTNERSHIPS TRY HOMES

Statistics

• 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

The Market

• New build market set to rise 25% - £2 billion by 2006

• Refurbishment & maintenance market set to rise 20% - £7.5 billion by 2006

The Market

Sub Sectors

Key Worker

Demand

PFI/SPV

Affordable

House Builders H/A House Builders L/A

The Market

Supply Supply

Demand

H/A

• Building on existing relationships

• Currently working with 15 H/A’s on over 1500 units

• Housing Associations increasingly looking for top-up funding to increase their overall development programme

Construction

Opportunities

• Partnerships already involved in PFI procurement route

• LA & MBC’s require refurbishment and replacement of old stock

Two main forms:-

To provide accommodation for rent, shared ownership key workerand 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

Housebuilding

Opportunities

• Large growth area

• Proactive relationships

critical

• Potential requirement for

developments to provide

30% affordable housing

Housebuilding

Opportunities

Enabling

Waters Edge, Shaldon

• Exciting area going forward

• Beneficial land payment terms

• Excellent relationships essential

• Increased margins due to less competition

• 5 current projects – 700 units

Housebuilding

Opportunities

Little Bitchywind, Bradninch

Collaboration

Summary

• Growth market for contractors and housebuilders

• Galliford Try capitalising on experience

• Clear advantage of joint construction & housebuilding approach

• Maryland Point illustrates our capability

Maryland Point

An Approach to Affordable Housing