Residential Land Company News Section

Great success at the Lexham Gardens agent’s garden party

On Thursday 21st April, Residential Land hosted a garden party for local agents at 85 Lexham Gardens in Kensington, W8. The event gave agents the opportunity to walk around and view all of the apartments in this beautiful stucco fronted Kensington building.

The day was a huge success with over 150 agents attending throughout the day, eager to see what the apartments had to offer. The unpredictable British weather was kind on the day allowing the sun to shine out onto the manicured garden of apartment 1, letting everyone enjoy a glass or two of Pimms. Lexham Gardens The event was a great success and we would like to thank everyone who attended and hope you enjoyed it as much as we did.

A big congratulations to Spencer from Pastor Real Estate who won the live prize draw!

A big congratulations to Spencer from Pastor Real Estate who won the live prize draw!

If you would like to book a viewing at 85 Lexham Gardens please, contact Sasha Goodwin on 020 7408 5168 or

Residential Land make final shortlist at RESI Awards 2016

Asset Manager of  The Year - RESI 2016

Residential Land is delighted to announce that they have been nominated  for Asset Manager of the Year at this years RESI Awards.

With a record number of entries this year, it is a fantastic achievement to make the shortlist with four other reputable companies.

Asset Manager of the Year – Sponsored by Yardi

• Residential Land
• Fizzy Living
• Inspired Asset Management
• Mainstay
• Odysseus Capital Management

We are looking forward to the event and wish everyone the best of luck!

About RESI Awards
The RESI Awards organised by Property Week aim to celebrate the residential property market and its successes of the past year. Bringing together the key players in the market, the RESI Awards has played host to the likes of the Christian and Nick Candy, Tony Pidgley, Bruce Ritchie, Stephen Stone amongst others in the four years that it has been running. Already described as the key celebratory and networking event for the sector, the RESI Awards is a fantastic extension of the RESI conference, with both providing the vital ingredients to help this sector continue on its path to excellence. The RESI Awards return for the 5th year on 11 May 2016 at the Grosvenor House, London.


Residential Land at MIPIM 2016

Residential Land MIPIM

Residential Land is proud to be attending MIPIM again this year in Cannes, France from 15-18 March 2016. Join us aboard ARION, to speak with our acquisitions team about residential opportunities in prime central London.

Sandwich Board_2 - Copy

Bruce Ritchie, Founder and CEO of  Residential Land is also speaking on a panel on 17 March at 16:00 – 17:00 in the Orange room, Palais -1.

Other speakers include:

Estienne Silvio, General Manager at PATRIZIA

Kinsey James, President at Kinsey Capital LLC

Mokrane Mahdi, Head of European Research and Strategy LaSalle

Moderator: Bailey Liam, Global Head of Research at Knight Frank



Topics covered:
How do cities & developers respond to the undersupply?
Different continents, different solutions?
Where & when to invest?

Followed by cocktails at HTL lounge, courtesy of Residential Land.

What is MIPIM?

MIPIM is the world’s leading property market, bringing together the most influential players from all international property sectors – office, residential, retail, healthcare, sport, logistics and industrial, offering unrivalled access to the greatest number of development projects and sources of capital worldwide.

Right to Rent – Immigration checks

The Home Office has announced a roll out across England of ‘Right to Rent’ checks from 1 February 2016, as part of the Immigration Act 2014.

Please read Residential Land’s terms and conditions here

Right to rent

Right to rent – Immigration checks

The new measures mean that anyone allowing a tenancy to begin after 1 February 2016 must, if asked, be able to produce evidence that they have seen and made copies of acceptable ID prior to the start of the tenancy.

Eligible Documents
Landlords will need to check and retain copies of certain documents that show a potential tenant has the right to live in the UK.

These include:

- UK passport
- EEA passport or identity card
- Permanent residence card or travel document showing indefinite leave to remain
- Home Office immigration status document
- Certificate of registration or naturalisation as a British citizen.

What is the “right to rent” legislation?

From the 1st December 2014, UK landlords could face civil penalties if they rent homes to illegal immigrants without carrying out the appropriate checks, ‘right to rent’ checks.

This means all private landlords, or their agents, in England, including those subletting or taking in lodgers, will have to check new tenants have the right to be in the UK before renting out their property. It does not apply to Wales or Scotland at this point.

More information can be found on the GOV website here

Residential Land exhibits at MIPIM UK 2015

Residential Land is fresh from exhibiting at MIPIM UK – the largest UK property trade show where over 4,000 of the industry’s leading professionals, politicians, investors and decision makers gather over the course of three days, this time at London’s Olympia.

Residential Land exhibits at MIPIM UK 2015

The management, development and acquisitions teams manned the Residential Land stand, which featured a novel mobile phone charging table – an instant hit with visitors who were inevitably running low on battery power with so much to Tweet about.  The stand also offered delegates the chance to recharge on a different level, with a continuous, free supply of frozen yoghurt with toppings from our fro-yo bar, and fresh coffee complete with monogrammed Residential Land latte art – a real boost for energy levels given the never-ending programme of seminars, debates and networking for which MIPIM is renowned.

 The Residential Land stand was busy from the moment MIPIM opened, reflecting the growing importance of quality accommodation in London’s private rental sector. Visitors to the stand were able to watch a large screen showing all Residential Land acquisitions so far, demonstrating our flair for discovering great opportunities and creating superb private rental accommodation.

 And just in case you’re wondering what property professionals like to top their frozen yoghurt with, the most popular toppings were raspberries, brownies and mini M&Ms. See you next year!

 For more information on MIPIM and our portfolio of properties for sale or rent in Prime Central London, please don’t hesitate to contact us.

London’s social housing, super-prime and everything in between – A plague on both houses

Bruce Ritchie, Residential Land’s CEO and Founder, comments on London’s social housing, super-prime and everything in between in MIPIM UK Daily News. Bruce Ritchie has also been on the panel discussing the same topic together with Nick Candy, CEO of Candy & Candy, Iain Gilbey Head of Planning & Environment  in Pinsent Masons,  Stephen Howlett, Chief Executive of Peabody and Ritchard Fletcher, Business Editor for “The Times”.


A plague on both houses

From social housing to super prime. No subject could be more relevant in today’s London residential market, and here’s why. To begin with, we need to understand that in London, residential has traditionally performed more strongly than commercial property. Discard arguments about relatively low yields – the capital growth achieved by London residential beats commercial over any period in recent times.

But in recent years we have had the perfect storm of tax changes in residential. From the introduction of annual tax on enveloped dwellings to offshore capital gains tax, from clampdowns on corporate vehicles buying property to the removal of buy-to-let relief, and then the one that threatens to tip the market over the edge – stamp duty land tax.

The principle underpinning UK home ownership is that you do not pay tax on the gains on your personal primary residence over the long term. Imagine you are a homeowner who 10 years ago bought a flat for £1m, spent more than £500,000 on it since, and it is now worth £2.5m. Anyone looking to buy your home is likely to discount their offer by up to £300,000 to take in to account the new stamp duty land tax rate. This is the equivalent of 30% tax on the profit you have made, not taking into account the 12% stamp duty you will pay on your next £2.5m home.

Big numbers scare purchasers. A 9% upper band between £1.5m and £10m with 10% over this level would have been a better call. In London the market has cooled considerably for homes priced between £5m and £10m, less between £2.5m and £5m and is continuing to hold its own but with reduced volume in the £1.5m to £2m bracket. Some might say this was the chancellor’s aim, to slow the market and bring in revenues. However, there are consequences.

While moving to a “slab” system of stamp duty designed to harvest more tax from the rich, the unanticipated consequence will also be to limit the supply of affordable homes for the less well-off. This is because the profit generated on
flats priced above £2m in a large development funds the affordable housing that is also built as a result of the development.

Force a discount in the price of the larger, more expensive flats and you limit the scope of the developer to provide affordable housing within that scheme.

The good news is that in the long term London still has a golden future for residential. For the long-term buyer, there is quite simply no better store for wealth.

As the global economic situation becomes more volatile, the “gold standard” of London residential property only increases the city’s appeal.

At the same time, a lack of cheap and readily available land, a complex planning system and other barriers to development, such as the community infrastructure levy and s106 requirements, mean housing supply in London isn’t going to increase sharply any time soon.

It is vital that policy makers understand that the supply of “social housing to super prime” is inextricably linked to the prices achieved. Without understanding that link, the capital will struggle to provide the affordable homes
it needs.

To see the full article in the MIPIM UK Dailies Day 1, please follow the link here >>

Staying safe online

Using computers, tablets and mobile phones to go online has made everyday activities such as keeping in touch, social media, shopping and paying bills easy and fast. Although there are many risks out there which are crucial to be aware of.

Stay safe online

Top 10 tips to stay safe online
- When shopping, paying or banking online, always make sure the website is secure. If you have been sent account details, double check by phone if these are correct and have come from the appropriate person you think they have.
- Make sure your computer has up-to-date internet security software, switched on.
- Don’t reveal personal information on social networking sites such as twitter and facebook.
- Don’t forget to back up smartphone/tablets and computers quite regularly
- NEVER reveal your password or PIN when asked either by email or by phone.
- Make sure your WIFI is secure at all times.
- Be careful who you are selling to and buying from on auction sites.
- Choose strong passwords, change them regularly and don’t tell anybody what they are.
- Always download the latest software and operating system updates when prompted.
- Remember smartphones and tablets are also a target for viruses.

Making you sure you stay safe via email

Email is a great tool to communicate and inform others. However it is regularly used to deliver unwanted content, sometime just annoying but often it can be malicious, causing harm to your computer or even yourself.

Phishing emails
Phishing is a scam criminals typically send emails to thousands of people and pretend to come from banks, credit card companies, online shops, as well as other trusted organisations. What normally happens is they try and make you click on a link and go to a website to change/ update your password. It normally takes you to a dummy website which is almost identical to the real thing, trying to trick you in entering your personal information.

The email often looks as if it comes from a genuine email address or person. Below are some of the things that you should look out for::
- The sender’s email address is different from the trusted organisation’s website address.
- The email is sent from a completely different address.
- The email doesn’t use your name, but uses a non-specific salutation such as “Dear customer.”
- The email comes with a sense of urgency; for example; if you don’t act immediately your account may be closed.
- If there is a prominent website link and not much, if any text.
- When asked for personal information such as your username, password or bank details.
- When you are not expecting an email from the organisation that appears to have sent it.
- The entire email is one large image rather than including some sort of text and the image contains a link to a random website

Residential Land complete on Hamlet Gardens

Residential Land is pleased to announce the purchase of Hamlet Gardens in Hammersmith, west London. This red brick Victorian Mansion block consists of 122 luxury flats and is set at 95,000 sq ft.

Hamlet Gardens flats to rent Residential Land

For further information, please read the below article that was covered in Property Week:

property week - Residential Land





Residential Land primed to buy luxury flats in London
By Hannah Brenton

Hamlet Gardens, Hammersmith, London
The residential investor has agreed to buy the 95,000 sq ft Hamlet Gardens development from Swedish investor Akelius for around £95m.

The purchase amount reflects a price of around £1,000/sq ft across the scheme near Ravenscourt Park.

The private rented sector specialist has been on an acquisition spree since securing further backing from Canadian pension fund giant Ivanhoé Cambridge for a fifth Residential Land fund in February.

The new £650m fund is focused on a broader area of prime central London, and its upper price point for investment has increased from £1,500/sq ft to £1,650/sq ft.

In June, it snapped up Chase New Homes’ residential scheme at Palace Wharf in Fulham at £1,250/sq ft – in a deal worth approximately £37m – as well as a luxury 60-flat scheme at 4b Merchant Square, Paddington, for £60m from Native Land and Malaysian investor Amcorp.

Akelius has renovated the majority of the properties at Hamlet Gardens since purchasing them from an arm of the Royal Bank of Scotland for more than £40m in 2013.

Three final phases are still being renovated but these have been forward-purchased by Residential Land and are included in the purchase price.

Similar flats in the area have recently sold for as much as £800,000.

“We believe that there will be growth in the area around Ravenscourt Park and are pleased to have invested another £100m in the prime central London market,” said Ritchie. 

Residential Land bolster Lettings team

merchant Square and Kew Bridge Court

Residential Land has bolstered its Lettings team with the new appointments of two new Building Managers who will be based on site in their respective buildings. Gary Irwin who joins as Building Manager to manage our new Merchant Square Development in London W2 and Charlotte Pearson who joins as Building Manager to oversee Kew Bridge Court, London W4.

Gary joins from JAC Strattons where he was responsible for local lettings in the Regents Park,St Johns Wood and Maida Vale areas.

Charlotte joins from Vesper Homes where her responsibilities included negotiating sales, rentals and sourcing new properties throughout London.

Stuart Birke, Head of Lettings, comments: “We are pleased to welcome both Gary and Charlotte to our team here at Residential Land and I am sure they will provide the same professional, friendly and responsive service people expect from Residential Land.”

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.