Residential Land Company News Section

Residential Land win Asset Manager of the Year at RESI Awards 2016

RESI 2016 - Asset manager of the year

The wait is over and it is official, Residential Land has been announced winners for ‘Asset Manager of the Year’ at RESI Awards 2016.

Winners - Asset manager of the year

Congratulations to all of the other winners on the night. You can find a full list of them here >>

The RESI Awards took place on Wednesday 11th May 2016 at Grosvenor House on Park Lane where over 1400 property professionals all appeared to show their support for the property industry.

It was also great to see The Josh Carrick Foundation as the headline charity for the event and to hear that they raised over £16,000 over the course of the evening. The Josh Carrick Foundation aims to fund research into the prevention, diagnosis and treatment of testicular cancer for the advancement of health and to also provide funds for technological advances in cancer research. The foundation also wishes to help raise awareness of testicular cancer. http://thejoshcarrickfoundation.org/ 

We now look towards the RESI Conference, which will be a place to learn, debate and connect with the industry’s innovators and future thinkers and have woven into the programme numerous networking opportunities and activities.

Looking to rent a Central London property? Here are 8 things to expect from your landlord

Residential Land is prime Central London’s largest private landlord and we want to break the mould and change widely held perceptions of landlords in general. We set very high in-house standards, creating a transparent, fair business that always puts the interest of the tenant first. We want every tenant to have a positive experience when dealing with a landlord, so we have created a list of the top eight things to expect from a landlord, based on our own approach to lettings.

Looking to rent a Central London property? Here are 8 things to expect from your landlord

  1. Professionalism – your landlord is providing you with a service and therefore should act in a professional manner at all times. This means being polite, courteous and responsive – respectfully acknowledging your contact and replying in a reasonable timeframe.

  1. Fairness with fees – there are set-up fees when starting a new tenancy but tenants shouldn’t feel ripped off. Residential Land prides itself on low fees – probably the lowest in London – made possible because people are dealing directly with us as a landlord and not a letting agent. We’re completely transparent about fees – there are no hidden charges.

  1. Minimum standards – your landlord should take pride in the property they offer. When you move in you should find a clean, fit-for-purpose apartment or house. At Residential Land every property to rent in Central London is professionally cleaned before a tenant moves in. Ongoing maintenance is just as important and Residential Land keeps all its properties, including the internal and external communal areas, well maintained.

  1. Helpfulness in an emergency – the unexpected does happen and a good landlord should be there to support you. Residential Land has an emergency helpline staffed on a round-the-clock basis so you have advice and a calm voice when a property emergency does occur.

  1. Attentiveness when it comes to property maintenance – a landlord is responsible for many aspects of maintenance within a property, making sure the home environment is safe and secure. At Residential Land we aim to respond to maintenance issues within 24 hours of a problem being reported.

  1. Meeting industry expectations – although not a licensed industry (yet), lettings self-regulates and is striving to raise standards in order to provide a better experience for tenants. Residential Land and its individual employees are members of the British Property Federation, the Housing Ombudsman Service, NLA, ARLA, RICS and ARMA, participates in the outgoing Mayor’s London Rental Standard initiative and protects deposits with mydeposits.co.uk.

  1. A degree of flexibility – one of the best perks of renting a Central London property is flexibility but this can only be delivered by an understanding landlord. Here at Residential Land we offer flexible rental terms and the ability to rent on a furnished or unfurnished basis, giving tenants useful options.

  1. Ability to be reactive and proactive – a lazy landlord is a bad landlord. With Residential Land, every block and development we own has a dedicated building manager whose job it is to make sure properties and communal areas are in tip top condition. While we carry out regular inspections and scheduled maintenance, we encourage tenants to point out potential problems so we can quickly address them.

For a refreshingly different approach to lettings and a tenancy run by a professional, friendly landlord, contact Residential Land today.

Bruce Ritchie awarded Entrepreneur of the Year at “the PROPS” Awards 2016

Bruce Ritchie, CEO and founder of Residential Land was awarded Entrepreneur of the Year at “the PROPS” Awards 2016.

PROPS Awards

Previous winners of the Entrepreneur of the Year award:

Nigel Wray
Tony Pidgley
Gerald Ronson
Richard & Ian Livingstone
David Pearl
Philip Green
Robert & Vincent Tchenguiz
David & Simon Reuben
Sir Tom Hunter
Kevin McCabe
Richard Caring
Steve Morgan
Natie Kirsh
Teddy Sagi

 

“the PROPS” Lunch Awards took place on 10th May 2016 in the Grand Ballroom, of the London Hilton on Park Lane to help purchase powered wheelchairs for sick, disabled and disadvantaged children and young people throughout the UK.

“the PROPS” was the first property industry awards event in the UK and, 25 years on, is still the most prestigious raising nearly £9 million, which has not only funded more than 2,000 Powered Wheelchairs but also a £250,000 donation towards the Children’s Intensive Care Unit at St. George’s Hospital in South London.

“the PROPS” Awards success in a wide range of categories, from Deal of the Year, to Property Lender and Development of the Year. The list of recipients of PROPS awards over the years reads like an industry ‘who’s who’ including Trevor Hemmings, Gerald Ronson CBE, Tony Pidgley CBE, Sir John Beckwith CBE, Sir John Ritblat, Sir William McAlpine, Richard Caring, Sir Philip Green, Irvine Sellar, Sir Stuart Lipton and Michael Slade. This year’s awards will be hosted by England and the British & Irish Lions Rugby Legend Martin Bayfield.

Residential Land host the RESi Shortlist Party

On 28th April around 140 property professionals arrived at Residential Land’s Head Quarters in Mayfair for the RESI Awards 2016 shortlist party. This was attended by all of the finalists at this years event.

It was an fantastic evening, with the weather being kind, with much to celebrate for the residential property market.

Residential Land - Bruce Ritchie - RESI 2016

Residential Land is proud to be headline sponsors once again for the RESI Awards and are also presenting the award for ‘Deal of the Year’ on Wednesday 11th May at the Grosvenor House Hotel on Park Lane.

Residential Land are also shortlisted for ‘Asset Manager of the Year’.

Below are all the names of the finalists listed in their  categories.

Asset Manager of the Year – Sponsored by Yardi

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

Deal of the Year – Sponsored by Residential Land

• Apache Capital Partners/Moda Living – Joint Venture
• Cain Hoy – 2 Millharbour
• CBRE Global Investors – Derwent Living House Association (Shared Ownership)
• Ballymore – Project ACE
• Hermes Investment Management and Countrywide PLC – Vista
• Meyer Bergman – Project Soya
• Urban Exposure – The Atlas Building

Landlord of the Year – Registered Social – Sponsored by Hyperoptic

• A2Dominion
• Dolphin Living
• Home Group
• Network Housing Group
• Places for People

Landlord of the Year – Privately Owned – Sponsored by FirstPort

• Fizzy Living
• Get Living London
• Grainger
• Kexgill Group
• Places for People

Large Developer of the Year – Sponsored by CBRE

• Ballymore Group
• Essential Living
• Hill
• Redrow Homes
• Telford Homes
• The Berkeley Group

Small Developer of the Year – Sponsored by LSL Land & New Homes

• A2Dominion
• Crosslane Group
• HUB Residential
• Mount Anvil
• Pocket
• Quinn Estates
• Regal Homes

International Sales Agency of the Year

• CBRE
• JLL
• Knight Frank

PRS Deal of the Year – Sponsored by David Phillips

• Apache Capital Management/Moda Living – Angel Gardens
• Hermes Investment Management and Countrywide PLC – Baltic Village in Liverpool
• Long Harbour/Aberdeen Property Trust – One Eighty
• M&G Real Estate and Crest Nicholson – Bath Riverside
• English Cities Fund – First custom built PRS Scheme to be built in Manchester
• Quinn Estates and U&I PLC – Spirit of Sittingbourne project
• Sigma Capital Group – Gate House Bank Portfolio

Retirement Living Operator of the Year – Sponsored by Savills

• Anchor
• Audley Retirement
• McCarthy & Stone
• Renaissance Villages

Residential Investment Agency

• CBRE
• Cluttons
• JLL
• Knight Frank
• Knight Knox
• Sequre Property Investment

Residential Financier of the Year – Sponsored by Colliers International Property

• Cain Hoy
• Homes and Communities Agency
• LaSalle Investment Management
• Lendinvest
• Pluto Finance
• The Royal Bank of Scotland
• Urban Exposure

UK Sales Agency of the Year – Sponsored by Macdonald & Company

• Assetz For Investors
• CBRE
• Chestertons
• JLL
• Knight Frank
• Savills UK
• Strutt & Parker

Letting Agency of the Year – Sponsored by Roomservice by CORT

• CBRE Residential Lettings
• Chestertons
• CityWest Homes Residential
• Countrywide
• JLL
• Knight Frank

Student Accommodation Operator of the Year

• CODE Student Accommodation
• CRM Students
• Fresh Student Living
• The Nido Collection
• Unite Students
• Vita Student

Residential Consultancy Practice of the Year – Sponsored by Mainstay

• AECOM
• BNP Paribas Real Estate
• CBRE
• JLL
• Knight Frank
• Savills
• SAY Property Consulting
• Strutt & Parker

Property Manager of the Year – Sponsored by SLC Solicitors

• Allsop Letting and Management
• Burlington Estates
• FirstPort
• Fizzy Living
• Gordon & Co
• James Andrew Residential
• Rendall and Rittner
• Savills
• Touchstone Corporate Property Services

Newcomer of the Year – Sponsored by Mount Anvil

• Apache Capital Partners/Moda Living
• Ascend Properties
• Crosslane Group
• Empiric Student Property
• Marsh & Parsons
• Odysseus Captial Management
• Property Partner
• Wanda One (UK)

Development of the Year – Sponsored by Knight Frank

• Ballymore Group – Embassy Gardens
• Exemplar and Aviva Investors – Fitzroy Place
• Inspired Asset Management – Green Dragon House
• LUXLO – 77 Mayfair
• Hadley Mace – Greenwich Square
• Mount Anvil – The Eagle
• Muse Developments – One Smithfield Square
• Nine Elms Property – AYKON

Property Personality of the Year – Sponsored by Chestertons

• To be announced on the evening

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 sasha@residentialland.com

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

 

RESIDENTIAL INVESTMENT PORTFOLIO: THE BEST IS YET TO COME

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”.

MIPIM UK

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 >>