Building Successful Communities: Michael Howard, urbanbubble

PRS Build-To-RentPrivate Rented Communities by

“Creating a place

where people aspire

to live.”

What is a PRC?

Why urbanbubble?

Block

Management

Facilities

Team

Maintenance

Team

Sales &

Lettings

Multi Award Winning

Set up to double block management in 3 years, serve 2k PRC’s

in 2 years & 10k in 5 years

Secured 3 Developments with 3 more in the pipeline.

Advisor for Manchester Life development team.

Conducted City Centre Survey in 2014.

2015, Conducted Market Research in the USA & Europe (2016).

Held Various Events and forums.

Created a www.ManchesterPRS.co.uk to track the PRC

developments across Manchester & Salford.

Defined Efficient and Effective Operating Structures

Comprehensive Gross and Net Income Modelling to 15 years

WHERE WE ARE WITH PRC

WHAT WE BELIEVE

We believe this is

where City Living is

going in 20 years

and we want to be at

the forefront.

Quality of Build

Quality of Service

Quality of Lifestyle & Accommodation

Far Greater Cost of Efficiency

WHY Favour over Buy-To-Let

Based on 400 apartments in Manchester City Centre, with standard market rents

on furnished apartments with one and two bedroom mix (projected for 2017),

which are vacated every 12 months, VAT is not included.

Conventional Management Costs Unit Price Total

Finders Fee £500 per tenant £200,000

Lettings Management Fee 10% Rental Income £589,500

Block Management Fee £155 p.a. £62,000

Total £851,000

Total Management Costs per Unit £2,128 p.a.

COST STRUCTURELooking at Management fees, it is cost effective to use a holistic service

RENTAL PRICESComparing 1 & 2 Bed Apartments in New York, Philadelphia & Manchester

New York Philadelphia Manchester

1 Bed £2,990pm £1,653pm £795pm

2 Bed £4,715pm £2,385pm £1,100pm

The above monthly rental prices are an average.

Party Area

Cinema

Social Area

Big ScreenMedia Room

Multi Screen Lobby Games Area

Rooftop Lobby

TV Area

Lounge

Area

Gym

Exercise Mat Area

Class Area

Swimming PoolWorkout Room

Weights Area Spin Class

Table Tennis

Treadmill Area

Gym

‘Work From Home’ Offices

Hot Desks

Board Room

Interview RoomsMeeting Rooms

Open Plan Office Printing / Faxing

1-2-1 Meeting Rooms

‘Quick Search’ Area

WFH

Room

Front Desk - Concierge

Management 1-2-1

Signage

Safe LockersConcierge System

Guidelines Advertising

Waste Management

‘Updates’ System

Security

24hr Concierge

Access Controls

Visitor Registration

Parcel Collection

Parcel Tracking

Zonal Access

Comms

Onsite Maintenance Team

Digital Community Forum

Concierge Portal

SE

RV

ICE

S

Cold Storage

Pet Friendly

Smoking Area

Laundry Room

Car Park Management

Valeting

Guest Rooms

TOP

T H I N G S L E A R N E D

Holistic Service

Customer Focus

Better Onsite Services

Dedicated Property Manager Onsite & Lettings

Concierge Facility

Security

Resident Amenities

Community Events

Digital Comms

Onsite Maintenance

M A N C H E S T E R

L I F E

D E V E L O P M E N T

M A N C H E S T E R

L I F E

D E V E L O P E R S

3 0 2

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 7

T R I N I T Y

D E V E L O P M E N T

F I C I M

D E V E L O P E R S

3 8 7

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 7

C R E S C E N T

D E V E L O P M E N T

F I C I M

D E V E L O P E R S

4 0 5

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 7

O X Y G E N

D E V E L O P M E N T

P R O P E R T Y A L L I A N C E G R O U P

D E V E L O P E R S

3 4 7

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 7

P R I N C E S S /

W H I T W O R T H S T R E E T

C O R N E R

D E V E L O P M E N T

U R B A N & C I V I C

D E V E L O P E R S

3 4 7

U N I T S S T A T U S

S T A R T D A T E

2 0 1 6

N E W B A I L E Y

D E V E L O P M E N T

M U S E D E V E L O P M E N TS

D E V E L O P E R S

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 6

K A M P U S

D E V E L O P M E N T

C A P I T A L & C E N T R I C ,

H E N R Y B O O T

D E V E L O P M E N T S

D E V E L O P E R S

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 6

W H I T W O R T H

S T R E E T W E S T

T O W E R

D E V E L O P M E N T

B R I G A N T E S D E V E L O P M E N TS

D E V E L O P E R S

3 3 0

U N I T S S T A T U S

R I V E R S T R E E T

T O W E R

D E V E L O P M E N T

F O R S H A W L A N D

& P R O P E R T Y

D E V E L O P E R S

4 2 0

U N I T S S T A T U S

S T A R T D A T E

2 0 1 6

S T J O H N ’ S

D E V E L O P M E N T

A L L I E D

L O N D O N

D E V E L O P E R S

2 , 5 0 0

U N I T S S T A T U S

A N G E L

G A R D E N S

D E V E L O P M E N T

M O D A L I V I N G

D E V E L O P E R S

4 5 0

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 7

D E V E L O P M E N T

M U L B U R Y

H O M E S

D E V E L O P E R S

1 3 4

U N I T S S T A T U S

C O M P L E T I O

N D A T E 2 0 1 7

M I D D L E W O O D

L O C K S

D E V E L O P M E N T

S C A R B O R O U G

H G R O U P

D E V E L O P E R S

2 , 0 0 0

U N I T S S T A T U S

F I R S T S T R E E T

D E V E L O P M E N T

P A T R I Z I A U K

D E V E L O P E R S

5 0 0

U N I T S S T A T U S

A L D E L P H I

W H A R F

D E V E L O P M E N T

F O R T I S D E V E L O P M E N TS

D E V E L O P E R S

5 8 0

U N I T S S T A T U S

E X P E C T E D

T O S T A R T

A P R I L 2 0 1 5

U R B A N V I L L A G E ,

C L I P P E R S Q U A Y

D E V E L O P M E N T

A R M S T O N E D E V E L O P M E N TS

D E V E L O P E R S

6 1 4

U N I T S S T A T U S

S T A R T

D A T E Q 3

2 0 1 5

T H E H A T B O X

D E V E L O P M E N T

S C A R B O R O U G

H G R O U P

D E V E L O P E R S

1 4 4

U N I T S S T A T U S

C O M P L E T I O N

D A T E 2 0 1 6

A X I S

T O W E R

D E V E L O P M E N T

P R O P E R T Y A L L I A N C E G R O U P & D E V E L O P M E N T S E C U R I T I E S

D E V E L O P E R S

1 7 2

U N I T S S T A T U S

C O M P L E T I O N

D A T E Q 4 2 0 1 6

D O W N T O W N

B Y V I L L A O N T

D E V E L O P M E N T

M C G O F F &

B Y R N E

D E V E L O P E R S

3 8 3

U N I T S S T A T U S

E X P E C T ED T O S T A R T 2 0 1 5

G R E E N G A T E

D E V E L O P M E N T

R E N A K E R

D E V E L O P E R S

4 9 7

U N I T S S T A T U S

E X P E C T ED T O F I N I S H 2 0 1 6

X 1

M E D I A C I T Y

D E V E L O P M E N T

K N I G H T K N O X

I N T E R N A T I O N A L &

X 1 D E V E L O P M E N T S

D E V E L O P E R S

1 , 0 3 6

U N I T S S T A T U S

E X P E C T ED T O S T A R T F E B 2 0 1 5

PRC will

PRC has a

PRC has a

deliver affordable homes

better customer focus

firm place in the market

OUR VISION

To be the greatest Residential Property Manager

across the Northern Powerhouse, making our

cities a better place to live.

ANY QUESTIONS?T H A N K Y O U F O R

L I S T E N I N G

Call 0161 236 3344 and ask for

Michael Howard Managing Director & Owner

email michael@urbanbubble.co.uk

Ian Chatburn Director of Sales & Lettings

email ian.chatburn@urbanbubble.co.uk

PRC by