Residential Land Company News Section

Residential Land is attending RESI Conference 2015

Residential Land at RESI 2015

Residential Land is excited to be heading back to Celtic Manor for the RESI Conference 2015 as well as being Platinum Sponsors for the eighth year running. This is the ninth year of the annual conference which attracts over 1,000 delegates for 2 days of learning, debate and networking.

This year you can find us in the Platinum Lounge located next to the main conference hall. The Platinum Lounge is open throughout the event so we look forward to welcoming you during lunch or in one of the breaks, please also come along to the pre-dinner drinks from 5.30 on Tuesday. Residential Land is also hosting after dinner drinks at Merlin’s Bar, looking forward to seeing you there.

On day 2, Tuesday at 12.30pm, Bruce Ritchie will be speaking on a panel alongside Bill Hughes, Managing Director, Legal and General Property and James Scott, Chief Operating Office, The Collective, being chaired by Mark Prisk MP. They will be discussing a number of property related topics, detailed below.

Panel topics:
From First time Customer to Last Time Customer, are we creating the right products?
• Segmenting the market and creating targeted products that acknowledge the changing needs, expectations and aspirations of different occupier groups
• What do ‘generation rent’ want from their housing and are the current products in the market taking them into consideration?
• Last Time Buyers – the key to unlocking housing supply?
• Beyond the bricks and mortar: exploring PRS as a service and the added value that customers now expect.

VIDEO – RESI Conference 2014
Bruce Ritchie being interviewed at last year’s RESI Conference

If you are attending, we are looking forward to meeting you there.

Fighting talk ahead as property heavyweights prepare to square up

Residential Land have been mentioned in the Evening Standard ahead of the Props Breakfast in October hosted at the Dorchester, London. This year Bruce Ritchie CEO of Residential Land & Michael Slade CEO of Helical Bar will partake in a live Commercial vs Residential debate hosted by Emma Crosby.

Michael Slade has for a number of years run one of the most successful public property companies whilst Bruce Ritchie runs one of prime Central London’s largest residential landlords who are making a significant impact in the sector. With London and residential being hot topics in real estate at the moment

Props breakfast 2015

For the article, please read below:

EveningStandard

Fighting talk ahead as property heavyweights prepare to square up

The first rule of Fight Club is, you do not tweet about Fight Club — that’s how it goes, right?

Well obviously someone’s been breaking the rules, as Spy spots #FightClub creating waves on Twitter. Was it Ed Norton and Brad Pitt bemoaning the demise of the Fail Whale?

Alas not. It was property types getting excited about a Props charity debate between Mike Slade of Helical Bar and Bruce Ritchie of Residential Land, slated for the Dorchester in October. The pair will thrash it out in a commercial real estate v residential debate, a third speaker — Robert Paulson — is as yet unconfirmed.

Bruce Ritchie talks to Estates Gazette on the hot topic of price per sq ft in London

Bruce Ritchie, CEO of Residential Land, talks to Alex Peace at Estates Gazette on the findings from their London Residential Research team, showing that price per sq ft in London has been driven through the £1000 per sq ft mark, not only in Prime Central London areas but the fringe areas surrounding it as well.

Bruce Ritchie explains: “Prime Central London has not resolved its supply problems and is not creating enough new product. Too much demand from both domestic and international, for what it is we have, both for sale and being built and that is pushing prices in the upwards direction.”

To listen to more, click the play button on the podcast below:

Bruce Ritchie talks to Estates Gazette

Click here to read the full article >>

Upcoming Events this Summer in Chelsea

With galleries and green spaces galore in South West London, there’s plenty to keep you entertained here during the summer months. Whether you’re interested in checking out cutting-edge contemporary art, learning about herbs and botany or buying up a few paintings from budding artists, Chelsea is buzzing with activities and events during July and August.

Saatchi Gallery - Chelsea | Image credits:- www.saatchigallery.com

Saatchi Gallery – Chelsea | Image credits:- www.saatchigallery.com

Art Safari at Chelsea Physic Garden 

Chelsea Physic Garden is one of South West London’s best assets with a beautiful collection of plants and botanicals and the esteemed title of second oldest botanical garden in Britain. If you’re keen to learn more about the world of botany, book yourself in for the family-friendly Art Safari on August 4th for a journey through herbal medicines, vampire plants, birds, perfumes and more.

Address: 66 Royal Hospital Road, London SW3 4HS
Phone: 020 7352 5646

Serpentine Pavilion 2015

Celebrate fifteen years of the Serpentine Pavilion with a visit to the stunning Serpentine Pavilion 2015, on display from June until October. Designed by Spanish architecture studio selgascano (headed by José Selgas and Lucía Cano), the colourful installation is made up of panels of translucent, multi-coloured polymer giving it a stained glass effect and can easily be spotted from the other side of Hyde Park! Admission is free too so you’ve no excuse not to pop in and explore the secret tunnels and passages inside.

Address: Kensington Gardens, London W2 3XA
Phone: 020 7402 6075

Fighting History at the Tate Britain 

Enjoy a history lesson at the Tate Britain this summer with the exhaustive ‘Fighting History’ exhibition, which explores how artists from the Ancient Rome to the modern day have expressed significant wars and conflicts through art. With epic 18th century paintings, contemporary works from Turner Prize winner Jeremy Deller and interpretive works from the 1960s, it’s the ultimate combination of art, history and politics.

Address: Millbank, London SW1P 4RG
Phone: 020 7887 8888

Parallax Art Fair Finished

Prefer to purchase art rather than see it in a gallery? Visit Chelsea Old Town Hall on July 25th – 26th for the annual Parallax Art Fair, Europe’s largest artist art fair where you can find wholesale fine, decorative and applied art from around the world. Entrance is free, and there are no commission fees either so it’s an excellent place to pick up a bargain.

Address: Chelsea Old Town Hall, King’s Rd, London SW3 5EE
Phone: 020 7361 2220

Dead: A Celebration of Mortality at the Saatchi Gallery - Finished

Charles Saatchi’s innovative contemporary art gallery have done it again with this rather morbid but undoubtedly fascinating exhibition, on display until the end of July. Respected artists across the world have come together for this celebration of mortality, which includes model corpses and abstract skeletons. Best enjoyed on a nice day with an uplifting ice cream in Duke of York Square afterwards.

Address: Duke Of York’s HQ, King’s Rd, London SW3 4RY
Phone: 020 7811 3070

Find available properties in Chelsea:
Available properties in Peony Court Town Houses >>
Available properties in Peony Court Apartments >>
Available properties in Pond Place >>

Our favourite places to visit in Chelsea

Since the days of Henry VIII and his many wives, Chelsea has been a very popular pocket of South West London, with plenty of aristocrats and royal figures building palaces and grand buildings here during the sixteenth and seventeenth centuries.

While the Queen may have moved on to Buckingham Palace since then, Chelsea is still considered to be one of the most prime spots in the city due to the pretty houses, exclusive designer shops, and lovely green spots for lazing in the sunny summer months. Although the SW1 postcode means that the amenities and attractions of Central London are a very short ride away, lucky Chelsea residents needn’t even bother with the packed, sweaty tube when there’s so much to offer on their doorstep this season. Read our top recommendations for eating, drinking, and enjoying yourself this summer in Chelsea!

Chelsea boasts an array of diverse attractions all year round, but with the Serpentine Lido nearby for an al-fresco swim, a zoo full of amazing animals across the river and the chance to picnic with luxury goodies from Partridges, summer is when the area really blossoms. Who needs to leave London when you’ve got all this on your doorstep?

Serpentine Lido

When the mercury hits 30C, there’s no better place to seek refuge than Serpentine Lido, which was created in the 1930s from a cornered-off area of the Serpentine Lake. It’s open every day from June until September, and there’s even a cafe so you can enjoy an ice cream following a refreshing dip in the cool waters.

Address: Hyde Park, London W2 2UH
Phone: 020 7706 3422

Partridges

Forget about Tesco, Sainsburys or even Waitrose, if you’re looking for a fancy supermarket and some gourmet ingredients in Chelsea, head straight to Partridges on Duke of York Square. Granted Royal Warrant by the Queen in 1994 (meaning they supply groceries to Buckingham Palace!), Partridges has an amazing range of fresh foods, hard-to-get ingredients and plenty of international items for homesick Americans looking for Skippy’s Peanut Butter. Stock up here then head to the park for the most deluxe picnic ever!

Address: 2-5, Duke of York Square, The Duke Of York Square, King’s Road, London SW3 4LY
Phone: 020 7730 0651

Leighton House - Chelsea | Image credits:- www.e-architect.co.uk

Leighton House – Chelsea | Image credits:- www.e-architect.co.uk

Leighton House Museum

Avoid the crowds at London’s biggest, most tourist-friendly museums while still soaking up some culture by popping into Leighton House museum, the former home and studio of Victorian artist Frederic, Lord Leighton. Don’t miss the intricately tiled Arab Hall and beautiful staircase.

Address: 12 Holland Park Rd, London W14 8LZ
Phone: 020 7602 3316

Battersea Park Children’s Zoo

Struggling to entertain bored children on school holidays? Take a quick jaunt across the river to Battersea Park (opposite Chelsea Embankment) to visit Battersea Park Children’s Zoo, where they’ll be delighted to see all sorts of small animals such as otters, chinchillas and capuchins. They also run a series of events so kids can get up close and personal with their favourite animals.

Address: Battersea Park, Chelsea Embankment, London SW11 4NJ
Phone: 020 7924 5826

Holland Park

Spend a relaxing day among the peacocks at Holland Park, one of London’s most peaceful and romantic parks. Explore the haunting ruins of Holland House, destroyed during a WW2 bombing raid in 1940, and stay for the evening opera performances which run throughout the summer.

Address: Ilchester Place, Holland Park, London W8 6LU
Phone: 020 7361 3003

 

Find available properties in Chelsea:
Available properties in Peony Court Town Houses >>
Available properties in Peony Court Apartments >>
Available properties in Pond Place >>

Our favourite places to visit in Chiswick

Nestled inside a big bend of the Thames and packed full of riverside gastropubs, top restaurants and glorious green spaces, cheerful Chiswick in West London has to be one of the best places to enjoy the summer months.

Despite the village atmosphere and close-knit community, there’s always something new to see or do in Chiswick for everyone from new residents to long-term locals. We’ve searched high and low for the best places to eat and drink, fantastic upcoming events and our favourite attractions in the W4 area to help you make the most out of the summer in West London.

Why trek into central London when you can avoid the tourists with these excellent attractions closer to home? Whether you decide to brush up on your beer knowledge at the Griffin Brewery, get back to nature at Eyot Island or bask in culture at Chiswick House, W4 has it all.

Fullers brewery - Chiswick

Fullers brewery – Chiswick | Image credits: www.fullers.co.uk

Griffin Brewery

As the official home of London Pride Ale, this Fullers Brewery is a magical place for any dedicated hop-lovers. However, even beer novices will enjoy exploring Griffin Brewery, where tours and tasting sessions are offered as well as a shop selling beer, cider, wine memorabilia and branded glasses. Founded in 1845 it remains an independent family brewery, and a must-visit for any true Chiswick resident.

Chiswick

Eyot Island – Chiswick | Image credits: www.telegraph.co.uk

Eyot Island

This uninhabited, ship-shaped island just off Chiswick Mall is a true hidden gem in W4, and the perfect place to explore on a summer’s day. Once an ancient settlement, the island is now a declared nature reserve and is only accessible during low tide. At only 2.7 acres its easy to explore, but make sure you return before the tide does and the island becomes submerged!

Summer Skiing at Ski Plex

We’d rather not admit it, but summer in London doesn’t quite have the guaranteed sunshine offered by more Southern locations. Fortunately, indoor ski slope SkiPlex in Chiswick have those rainy August days sorted with their Summer Skiing courses, so you can practice your snow-plough ahead of the winter ski season.

Kew Gardens

Just across the Thames from Chiswick, Kew Gardens is one of London’s most wonderful attractions, and the fortunately locals of W4 are just a walk away! Spend an enjoyable and educational afternoon here among the botanicals, rare flowers and blooming greenhouses, followed by an ice cream on the grass. Bliss!

Chiswick House

Built during the 18th century and inspired by Italian architecture, this wonderful Neo-Palladian villa will transport you to Southern Italy with a programme of excellent open-air events in the landscaped gardens. As well as the Luna Cinema, locals can look forward to outdoor opera performances of La Traviata and Die Fledermaus, Kitchen Garden Open Days and more.

 

Find available properties in Chiswick:
Available properties in Kew Bridge Court >>

Places to eat and drink in Chiswick

Characterful Chiswick may not have the renowned gastronomic reputation of other London areas, but there are plenty of excellent places to eat and drink here. From authentic Italian sourdough pizzas and green pub gardens to Michelin-starred dining and fine foods from the Farmer’s Market, W4 has your summer eats covered.

Franco Manca - Chiswick

Franco Manca – Chiswick | Image credits: www.spottedbylocals.com

Franco Manca

This beloved sourdough pizza spot needs very little introduction, as you’d be hard-pressed to find a pizza fan who doesn’t rave about the authentic sourdough disks, organic ingredients and relaxed atmosphere at Franco Manca, which just a few years ago was merely a small stall at Brixton Market. Now with eleven branches and counting across London they’re serving up pizza all over the city, but the Chiswick restaurant is the only one to offer fortnightly pizza-making masterclasses too.

Address: 144 Chiswick High Rd, London W4 1PU
Phone: 020 8747 4822

La Trompette

Treat yourself to high-end French dining at this closely-guarded local favourite, which offers haute cuisine at affordable prices. Settle in to the casual, relaxed dining room for an evening of Orkney scallops, foie gras, roast French rabbit and a delightfully smelly cheeseboard with a good bottle of red wine before rolling home utterly stuffed at the end of the night.

Address: 5-7 Devonshire Rd, Chiswick, Greater London W4 2EU
Phone: 020 8747 1836

Hedone

Considered to be among the world’s top 60 restaurants and the recipient of a Michelin Star in 2013, Hedone has won over notoriously tough food critics for years and is a must-try for Chiswick residents on a special occasion. The menu changes daily so all you need to do is sit back and enjoy multiple courses of exquisite food as they appear. Bon appétit!

Address: 301-303 Chiswick High Rd, London W4 4HH
Phone: 020 8747 0377

City Barge Pub

Take in a slice of history with your waterfront pint at the City Barge Pub, which has existed since the 14th century! With tables and chairs on the river as well as a terrace at the back you’ve got a good chance of finding a seat in the sun, while their classic British brunch on the weekend is worth a visit alone.

Address: 27 Strand-On-The-Green, Chiswick, London W4 3PH
Phone: 020 8994 2148

Duke of Sussex - Chiswick

Duke of Sussex – Chiswick | Image credits: www.pubvenues.com

Duke of Sussex

This grand Victorian gastropub serves up a tasty modern menu including seafood paella, Catalonian tapas and classic fish and chips as well as an extensive drinks list, but the real draw is the lovely big pub garden. They’re also showing Wimbledon on the big screens throughout July, so grab a seat and a cask ale before all the action kicks off!

Address: 75 S Parade, London W4 5LF
Phone: 020 8742 8801

Jackson Rye - Chiswick

Jackson + Rye – Chiswick | Image credits: www.chiswickish.co.uk

Jackson + Rye

The food is big, bold and belly-busting at this American-style restaurant, where the USA’s most famous dishes are served from morning to night. Start the day with a spread of bagels or some Southern grits, while the afternoon and evening calls for gooey mac & cheese, juicy steaks and buttermilk fried chicken. Last but certainly not least, finish off with one of their excellent rye bourbon cocktails for the ultimate weekend nightcap.

Address: 219-221 Chiswick High Rd, London W4 2DW

Chiswick Farmers and Fine Foods Market

However lovely it is to enjoy a meal on a restaurant terrace in the sun, there’s something utterly unbeatable about a luxury picnic in one of the local grassy spots such as Grove Park, Chiswick Common or Gunnersbury Nature Reserve. Head to the Chiswick Farmers and Fine Foods Market on a Sunday morning between 10am and 2pm for a wonderful selection of fresh produce, cheeses, breads, organic juices, charcuterie and much more, before treating yourself to a deluxe picnic. Bring a blanket and doze the afternoon away!

Address: Grove Park Farm House Market Drive Chiswick W4 2RX

The George IV

A speakeasy-style bar, a comedy club and a gorgeous garden complete with outdoor screen? It can only be The George IV, one of Chiswick’s most loved pubs. Recently refurbished they’ve upped the game with a bright and bold summer menu, and whatever you do don’t miss their legendary parties, Monday pub quizzes, and popular live music nights.

Address: 185 Chiswick High Rd, London W4 2DR
Phone: 020 8994 4624

 

Find available properties in Chiswick:
Available properties in Kew Bridge Court >>

Upcoming Events this Summer in Chiswick

Despite the village atmosphere and close-knit community, there’s always something new to see or do in Chiswick for everyone from new residents to long-term locals. We’ve searched high and low for the best places to eat and drink, fantastic upcoming events and our favourite attractions in the W4 area to help you make the most out of the summer in West London.

Giffords Circus may have passed through already and the annual Summer Fair has sadly been called off this year, but don’t think you’ll be bored this summer in Chiswick! With a packed schedule in the gardens of Chiswick House, a book festival full of literary luvvies and plenty of comedy performances at the Headliners Comedy Club, your summer diary will be packed before you know it.

Luna Park - Chiswick

Luna Park – Chiswick | Image credits:- www.telegraph.co.uk

Headliners Comedy Club

Headliners Comedy Club is a Chiswick institution, and what better way to spend a summers evening than enjoying a few rib-achingly funny sets from a selection of London’s best comedians? Located in the George IV pub, comedy sets are performed every Friday and Saturday, although details of the comedians are only released the week before so keep your eyes peeled on the online listings!

Chiswick Book Festival

This distinguished literary festival is back for it’s seventh year, and with previous speakers including Jacqueline Wilson, Michael Palin and Antonia Fraser, it’s a highlight in the calendar for both readers and writers. The 2015 festival will take place on the 10th – 14th September, and authors Max Hastings, AN Wilson and ‘Queen of Shops’ Mary Portas have already confirmed among others, with plenty more to be revealed as the festival inches closer.

Summer Season at Tabard Theatre

The intimate Tabard Theatre is a fantastic performance venue with visitors coming from far and wide to enjoy the talent here, and the summer line-up is as good as ever. With everything from stand-up comedy performances from the likes of Patrick Kielty to a bold, through-provoking drama from Woman’s Voices, the Tabard Theatre will make you laugh, cry and think this summer.

The Luna Cinema at Chiswick House and Gardens - Finished

 

Summer is the season of the outdoor cinema, but rarely are screens set up in such a stunning location such as Chiswick House Gardens. Grab your tickets now for the Luna Cinema’s screenings of classic films Top Gun and Baz Luhrman’s Romeo + Juliet under the stars on the 12th of 13th of August – we guarantee it will beat at night at the Odeon!

Midsummer Night’s Dream at St Paul’s Church - Finished

The small yet mighty St Michael’s Players from Elmwood Road church are decamping to the beautiful vicarage garden of St Paul’s Church for four nights in July to perform Shakespeare’s infamous comedy of love and confusion, this time set in a heady 1960s universe. In true Woodstock style seating is open-air and on the grass, and a bar and BBQ will be available to keep you fed and watered throughout the performance.

Find available properties in Chiswick:
Available properties in Kew Bridge Court >>

Nobody wants to be seen as token

Emma Whitby-Smith, Head of Investment at Residential Land talks to Estate Gazette about diversity within the property industry.

Emma Whitby-Smith, Head of Investment

Emma Whitby-Smith, Head of Investment

When I first started in the property industry 30 years ago, diversity on any scale didn’t really exist, or if it did, it wasn’t high on the list of management priorities.

Any industry that is reliant on building relationships needs people who are representative and have a broad mix of gender, sexual orientation, race, religion, personalities and opinions. Thankfully, on the whole, the working environment has changed in a positive way in the past ten years. While there is always scope for improvement there is certainly broader diversity at senior levels in the property industry.

But diversity is not a buzzword. There is a difference between “complying” and truly understanding. Nobody wants to be viewed as a token individual within a company.

Employers should understand that employee welfare is a priority, and should review company policy regularly and engage with employees at all levels to improve working relationships. An individual who feels accepted, included and understood will in turn be happier and feel more valued. Understanding business is understanding people.

The London property industry is embracing diversity and companies are taking huge steps to introduce and improve diversity programmes. Freehold’s work has been a game-changer. The LGBT property networking group holds monthly events hosted by industry giants such as British Land, Savills, Cluttons, JLL, Shaftesbury and RICS, to name but a few. These respected companies understand that diversity is not about fixing a problem – it is about ensuring business sustainability and improved performance.

I can of course, only comment on the London property scene; other areas in the UK are sadly not as progressive. It is even worse in other countries.

While my sexuality doesn’t define me, it is absolutely an integral part of who I am and it is an enormous relief I can be honest about the fact I have a long-term female partner with my colleagues and associates. Twenty-five years ago, I would have thought twice about being so open for fear of prejudiced assumptions or worse.

People have been discriminated against, and sadly continue to be so, for no other reason than for being different. I have the support of my chief executive, who values my contribution to the company and respects me for who I am. He recognises that a one-size-fits all approach to managing people does not achieve fairness and equality for everyone.

People have different needs, values and beliefs. Good management demands fairness and equality but also flexibility and inclusiveness.

Read the article on the Estates Gazette website here.

Residential Land buys 4b Merchant Square, Paddington

Residential Land can confirm that it has bought 60 luxury flats for long leasehold at 4b Merchant Square, Paddington. For further information please read the article by Estate Gazette and Property Week below.

EG - Residential LandRitchie buys Paddington PRS block

Bruce Ritchie’s Residential Land has bought a block of 60 luxury flats in Paddington, W2, for £60m from Malaysian investor Amcorp.

The privately rented residential block at 4b Merchant Square forms part of the 1.8m sq ft mixed-use scheme developed by European Land, a joint venture between the Reuben brothers and Bruce Jarvis’s family trust.

4b Merchant Squiare - Residential Land

60 flats in 4b Merchant Square – Residential Land

The deal comes as European Land is preparing a potential £250m sale of the three remaining development sites at Merchant Square, including the proposed residential tower nicknamed the Cucumber.

Ritchie plans to rebrand and reposition the flats to boost their rent roll to £2.7m. He said: “We are pleased to have made this strategic purchase at a time when West End Green [the 600-home project on Edgware Road being bought by Berkeley Homes] is finally moving forward and European Land’s plans for the Merchant Square Cucumber are also coming to the market.”

Amcorp acquired the building in 2013 from the Crown Estate for £47m. It financed the purchase with a loan from Singapore’s United Overseas Bank. The facility has now been carried over to Residential Land in one of the first such instances of a UK operator securing funding from UOB, according to Ritchie.

The deal follows Residential Land’s acquisition of Palace Wharf in Fulham, SW6, for £37m, taking the company’s prime London rental portfolio to more than 1,200 homes.

Residential Land is backed by Canadian pension fund Ivanhoé Cambridge.

By Alexander Peace, Estates Gazette | Residential | 26-06-2015 | 08:00

 

Residential Land featured in Property Week

Residential Land featured in Property Week

 

 

 

Residential Land swoops on £60m Paddington block
Bruce Ritchie’s Residential Land has acquired a luxury flat scheme in Paddington for £60m.

The 60 unit block at 4b Merchant Square was bought from Native Land which is backed by Malaysian investor Amcorp.

The building forms part of a 1.8m sq ft European Land scheme which includes the Cucumber.

Residential Land will undertake a programme of refurbishment at the site which is around five years old.

Native Land acquired the building in 2013 from the Crown Estate for £47m.