Residential Land Company News Section

Support our team and help us raise money for The AHOY Centre charity

On the 19th of June 2015 Residential Land will take part in The Oarsome Property Challenge! We decided to take on this particular challenge as it makes a refreshing change from the normal croppedimage750400-home1 property industry fundraisers and of course to raise as much money as possible for the Ahoy Charity. This charity dedicates itself in changing people’s lives and building life skills through sailing and rowing.

It will also be a great opportunity for us to scour the river for any potential residential opportunities that may not be visible from the road! Emma Whitby-Smith, Head of Investments has promised to take a notebook along with her, so she can make notes of locations, whilst rowing!

The Watersports based charity’s primary objective is giving opportunities for disadvantaged and at-risk youths by offering opportunities for disabled people to participate in activities and courses on an equal level.

We have a pledge; by the day of The Oarsome Property Challenge on the 19th June 2015 we must raise £4,000 for The Ahoy Centre. Please help us to do this. Anything will help! You can make a donation HERE

Thank you for all your help and support. If you would like to read more about the charity, please follow the below link to the AHOY Centre website.

Residential Land headline sponsors of RESI Awards for fourth year in a row



As headline sponsors of the RESI Awards 2015, Residential Land CEO Bruce Ritchie opened the awards with a short introduction.


Residential Land were headline sponsors for the RESI Awards on Wednesday 13 May 2015 for the fourth consecutive year.  Property Week RESI Awards was another huge success and saw over 1200 property professionals fill the Grosvenor House Hotel, Park Lane.

The awards are a fantastic opportunity to recognise excellence within the residential property industry

and celebrate the successes of that year. The event is an extension of the popular annual RESI conference, and has instantly established itself as an equally important networking event for the residential property sector.

Residential Land would like to say a very well done to all of this year’s winners!

This year’s winners included:

Residential Consultancy Practice of the Year – Savills (Sponsored by Residential Land)

Ritchie also presented the award for Residential Consultancy Practice of the Year which was awarded to Savills.

Ritchie presented the award for Residential Consultancy Practice of the Year which was awarded to Savills.

International Sales Agency of the Year – JLL

UK Sales Agency of the Year – Savills

Letting Agency of the Year – Knight Frank

Property Manager of the Year – Ringley Chartered Surveyors

Residential Investment Agency of the Year – Knight Frank

Asset Manager of the Year – Grainger

PRS Deal of the Year – Mace

Deal of the Year – Deloitte Real Estate

Large Developer of the Year – The Berkeley Group

Small Developer of the Year – Mount Anvil

Development of the Year – Royal Wharf – Ballymore and Oxley

Newcomer of the Year – Resonance

Landlord of the Year (Privately Owned) – Get Living London

Landlord of the Year (Registered Social) – A2Dominion Group

Residential Financier of the Year – The Royal Bank of Scotland

Student Accommodation Operator of the Year – Unite Students

Residential Personality of the Year – Sean Mulryan - Ballymore Group

Residential Land are big supporters of Property Week and what the RESI conference’s and Award shows have done for the residential market. We are already looking forward to this year’s RESI conference at the Celtic Manor on 7th - 9th September 2015.

See more pictures and video HERE


Residential Land CEO Bruce Ritchie with Fiona Freeman (left) and Susan Geddes


Residential Land guests


Residential Land Sales Consultants Sibel Osman (left) and Vanessa Vaara

Residential Land host the RESI Awards 2015 shortlist party

On the 14th April, more than 120 property professionals gathered in the Residential Land garden at 59-60 Grosvenor Street for the RESI Awards drinks reception which was attended by all the shortlisted nominees. It was a fantastic evening, with much to celebrate for the residential property market.

Here is a short video of how the evening unfolded with short speeches from Bruce Ritchie, CEO of Residential Land and Liz Hamson, Editor of Property Week.

Click on the video to start watching:

resi awards 2015

Below are the names of those who have made the RESI Award’s 2015 shortlist including Residential Land who have been nominated once again for ‘Landlord of the Year.’ Residential Land are headline sponsors of the event and are presenting the award for ‘Residential Consultancy Practice of the Year’ at the awards ceremony on the 14th May at the Grosvenor House Hotel on Park Lane.


Landlord of the Year (Privately Owned) – Sponsored by FirstPort
• Residential Land
• Grainger
• Get Living London
• Wellcome Trust
• RBS Real Estate Management

International Sales Agency of the Year – Sponsored by Accouter Group
• Chestertons
• Knight Frank
• Colliers International

UK Sales Agency of the Year – Sponsored by Giles Landscapes CMS
• Savills
• Knight Frank
• Chestertons
• Assetz for Investors
• Strutt & Parker

Letting Agency of the Year
• Countrywide
• Knight Frank
• Chestertons
• Savills

Residential Consultancy Practice of the Year – Sponsored by Residential Land
• Knight Frank
• BNP Paribas Real Estate
• EC Harris
• Savills
• Strutt & Parker
• Deloitte Real Estate

Property Manager of the Year – Sponsored by SLC Solicitors
• Rendall and Rittner
• Gordon &Co
• Burlington Estates (London)
• FirstPort
• Warwick Estates
• Savills – Prime Estates
• Ringley Chartered Surveyors

Residential Investment Agency of the Year – Sponsored by Deverell Smith
• Knight Frank
• Knight Knox International
• Savills

Asset Manager of the Year – Sponsored by Yardi Systems
• Grainger
• Inspired Asset Management
• Legal & General
• Knight Frank
• RBS Real Estate

PRS Deal of the Year – Sponsored by Savills
• Fizzy Living
• Grainger
• Muse Developments
• Mill Group
• Royal Bank of Scotland/Apollo Global Management
• Mace

Deal of the Year – Sponsored by Investec Structured Property Finance
• Grainger plc
• M&G Real Estate and HUB
• Essential Living
• Deloitte Real Estate

Large Developer of the Year – Sponsored by CBRE
• L&Q
• Redrow Homes
• Hill
• Linden Homes
• The Berkeley Group
• Ballymore Group

Small Developer of the Year – Sponsored by LSL Land & New Homes
• Pocket
• A2Dominion Group
• Alchemi Group
• Mount Anvil
• Mar City Homes
• Regal Homes

Development of the Year – Sponsored by Knight Frank
Banyan Wharf – Regal Homes
Macaulay Walk – Grainger
Royal Wharf – Ballymore and Oxley
South Bank Tower – CIT
The Eagle – Mount Anvil
The Malt House – Mar City Homes

Newcomer of the Year – Sponsored by Mount Anvil
• The Countrywide & Hermes Residential Property Fund (Vista Residential Real Estate Fund )
• Mill Group
• Resonance
• Essential Living
• NEAT Developments
• The Accouter Group
• Greystar Europe Holdings Limited

Landlord of the Year (Registered Social)
• Home Group
• A2Dominion Group
• CityWest Homes
• L&Q
• Nottinghill
• Genesis

Residential Financier of the Year – Sponsored by Colliers International
• Barclays Real Estate
• Investec Bank
• Omni Capital
• Pluto Finance
• The Royal Bank of Scotland
• Urban Exposure

Student Accommodation Operator of the Year – Sponsored by Roomservice by CORT
• iQ Student Accommodation
• The Student Housing Company
• Scape Student Living
• CRM Students
• The Nido Collection
• Vita Student
• McLaren Property
• Unite Students

Residential Personality of the Year – Sponsored by Chestertons
• To be announced on the evening

Residential Land seals landmark debt deal and launches £650m fund

Residential Land was recently featured in a Property Week article detailing the backing received by HSBC and their new venture with Ivanhoé Cambridge.

Read the full article below:

Bruce Ritchie article 27th Feb 2015











Bruce Ritchie’s Residential Land has secured one of the largest refinancing deals ever in the UK private rented sector and embarked on a fresh £650m push into prime central London

Residential Land066

HSBC has backed Residential Land with a five-year £320m facility at a loan-to-value of 55%, with the debt secured against homes held in Residential Land’s four funds with Canadian pension giant Ivanhoé Cambridge and Apollo Global Management.

The deal marks the first time Residential Land has sourced external debt for the four funds, which have invested or committed £800m since 2012. The refinancing demonstrates the strong appetite among lenders for debt on rented holdings, with HSBC fighting off competition from 13 rivals, including shortlisted lenders Met Life and Crédit Agricole, to secure the deal.

Ritchie has also embarked on a new venture with Ivanhoé Cambridge, which will see the Canadians investing in a fifth fund with investment firepower of £650m. Ivanhoé will work directly with Residential Land, rather than through Apollo, for the first time.

Ivanhoé has committed to an initial three tranches of £90m of equity, coupled with equivalent debt, alongside investments from Residential Land and Apollo’s head of real estate in Europe Roger Orf, who is personally investing in the new fund. Each tranche is likely to be invested over six months and Ivanhoé has indicated its willingness to commit to additional tranches.

The new fund will invest in a much broader area of prime central London, taking in areas like the South Bank, parts of north and east London and the Isle of Dogs. It has already bought Circus Apartments, a 40,000 sq ft building attached to the Four Seasons Hotel in Canary Wharf, from City & Docklands, for £31.5m. The building has 45 existing apartments let to serviced apartment operator BridgeStreet until March this year, when Residential Land is open to a new operator coming on board.

Residential Land has also increased its upper price point for investment from £1,500/sq ft to £1,650/sq ft, and plans to invest in areas where there are opportunities to benefit from the ripple effect of prime central London moving outwards.

Ritchie told Property Week: “We are pleased that finally there is a successful example of long-term PRS investment in central London by an institution that shows with the right level of returns it can be as profitable as any commercial equivalent.”





What should I consider when renting a commercial unit?


Sibel Osman - Comercial Consultant

Sibel Osman – Comercial Consultant


There are a few areas of focus here, the main being location and demand for your type of business in that location.

It is very important to know you’re demographic in order to ensure that you are trading in an area that will work for your business. Research the area, other retail outlets and footfall to get an understanding of what current trade is like before committing. Often what we may think is a great area to live in, may not necessarily be the perfect area for a business, as the considerations are different.

The ‘usage’ type of your business may affect where you locate, as not every site may permit every kind of business use, for example; some mixed use developments may not permit  A3 usage (restaurants, pubs, cafes etc) due to the ventilation factor in order to eliminate food smells that may affect the residential units above.

Once you have established a desired area and researched its compatibility to your business in every way, your search for a retail unit can start. This process is much like the one you would apply for a residential research; the differences begin again at point of agreeing the terms.

The lease term, rent review and rent increases, Tenant improvements, sub leases and assignments, service charges, insurance contributions, business rates, size of unit and ITZA are all areas of discussion from the onset. Ensure you have a clear understanding of what you are signing up for, what is required of you and what your legal obligations are as a retail tenant.

Most retail leases are long term and may have an upward only rent review which means the rent can never go down. Therefore it is imperative to make informed decisions and do your number crunching before signing on the dotted line.

Related articles: 

What is attracting buyers and tenants to Mayfair?

Welcome to Lexham Gardens

What specification should I focus on while renovating my flat to suit corporate tenants?

Read more: London Property Magazine

What is attracting buyers and tenants to Mayfair?

Residential Land423

Louise Savage
Sales & Marketing Director

In recent years Mayfair has become a hotspot for residential property.  With its wealth of restaurants and high end shops, as well as green open spaces on its doorstep, it is an obvious choice for a central London base, to rival that of Belgravia and Knightsbridge.  Many of the properties front traditional garden squares or are located in quiet mews streets, offering residents discretion and privacy amongst the hustle and bustle of Mayfair.

Additionally, there are simple and fast transport links to the city and canary wharf, further improved by the implementation of Crossrail, which will reduce the journey time from Bond Street to Liverpool Street to just seven minutes and from Bond Street to Heathrow in 29 minutes. Mayfair is host to a number of tube stations including Bond Street and Green Park and provides bus routes to all areas of London. Mayfair also provides residents easy access to all the major road ways, including the A4 towards Heathrow for those travelling by car.

A great example of a property to rent in Mayfair is Grosvenor Hill, a 1,760 square foot duplex apartment situated just behind Berkeley Square. Renting or buying in Mayfair is a lifestyle choice where residents expect the highest level of design, finish and technology to suit the needs for their central London base.

In the heart of Mayfair lies Mount Street, where tradition and fashion are combined. Hosting some of the world’s most well-known fashion brands as well as a number of high end restaurants, including private members club The George and Scott’s, Mayfair is the destination of choice for luxury residential.

Welcome to Lexham Gardens

Stuart Birke Corporate Lettings Manager

Stuart Birke
Corporate Lettings Manager

We are excited to be bringing to the rental market a block of fourteen residential apartments located in stunning Lexham Gardens.  The property is set across two stucco fronted period buildings benefitting from a lift and various areas of outside space.  The apartments have recently been refurbished to provide light and bright accommodation, many with high ceilings and original features.  There are a selection of studio, two and three bedroom apartments available to rent with asking prices starting from £350 per week for a studio, £600 per week for two bedrooms and £900 per week for three bedrooms.
Lexham Gardens is located moments from Kensington High Street with its array or high end boutiques, restaurants and bars.  Kensington High Street underground station (District and Circle Lines) is just a short walk away as is Gloucester Road underground station (Piccadilly Line).


As with all Residential Land properties these apartments are available to rent either furnished or unfurnished and on flexible tenancy terms.  By renting via Residential Land you will be dealing directly with us as the landlord of the property; we pride ourselves on offering great service to all of our tenants, we do not charge referencing fee’s and each building is looked after by one of our dedicated lettings team who can assist you throughout the moving process.


What specification should I focus on while renovating my flat to suit corporate tenants?

To start, establish a budget based on your market expectation and location. Work out your priorities: What is the level of renovations required, are there structural works to be done and do you need professional consultants on board such as architects, structural engineers or designers. I advise not to cut corners on the infrastructure of your property. A good boiler and heating system is important for the long-term use of both letting it and maintenance. Areas such as bathrooms, kitchens and flooring are all key to the success of the property and should be priority investments. When selecting any of these items, focus on quality and life expectancy.


Tessa Ferguson Senior Design Consultant

Tessa Ferguson
Senior Design Consultant

Kitchen: Stone worktops, quality appliances and buying the best you can afford will be an investment both for letting and long-term capital investment. Choose a kitchen design that doesn’t date too quickly and suits the overall design of the apartment.

Bathroom: Stone or porcelain for floors and walls, to create a stylish and classical look, will be attractive to a majority. Underfloor heating, heated towel rails and de-misting mirrors are extras that add to the appeal of the flat.Beautiful taps add personality and appeal to the overall bathroom design.

Flooring: I’d advise using engineered timber for flooring, never laminates, and decent Wiltons carpets.

Lighting is also key to enhancing the ambience of a property. If your budget will stretch to it, a good lighting system with mood-enhancing controls are features which will demonstrate a premium property.

Tenants expect full Wi-Fi throughout and TV points in key areas such as reception rooms and master bedroom. Ensure that bedrooms have easily-accessible power points. Particularly with foreign markets in mind, consider
air-conditioning within your specification.

Join us at RESI 2014


Residential Land is once again looking forward to being Platinum Sponsors of the RESI event, which is being held at Celtic Manor resort in Newport, South Wales from the 10th to the 12th September 2014.

As our CEO, Bruce Ritchie comments: “RESI is an extremely important event on the residential property calendar. It is a platform to meet with leaders in the field and to discuss current industry ideas. It also creates an informal forum for property professionals to network and discuss residential opportunities with colleagues and peers in the industry.”

We look forward to welcoming you to the Platinum Lounge where we will be serving sushi during the lunchtime session of the conference and pre gala dinner drinks from 5:30pm. Our CEO, Bruce Ritchie and the acquisition team of Emma Whitby-Smith, Paul Sennett and Sibel Osman would be delighted to discuss any opportunities with you.

Additionally, come and listen to Bruce Ritchie chairing the panel session “What do investors want and what are they actually doing” from midday on Thursday to get an insight in to the topics currently at the top of the agenda in the residential investment market.


Anthony Quin completes 3rd JLL Property Triathlon

Congratulations to our Head of Management and Surveying Anthony Quin who took part in this year’s JLL Property Triathlon on Friday 4th July 2014 at Dorney Lake. For those that are not familiar with this event, it is one of the UK’s largest triathlons, co-sponsored by estates gazette and coordinated by Human Race. The event has raised over £1.1 million to date to many deserving charities and this year the money raised will go to the Samaritans. Comprising a 750m swim, 21km cycle and a 5km run, the event attracts many involved in the property industry to race as an individual or as a team of three.

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