Delph Property Group

02040608

182428

About

Experience

Partnerships

Approach

Buying

Team

Contact

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Delph Property Group believe in the power of partnerships.That’s why, since 1948, we’ve been collaborating with developers and builders to realise their vision.

Whether you’re looking to sell a development pre-construction, fund a development off plan, sell completed stock or need someone to partner with for PRS, Delph is a forward thinking and experienced residential property company that can be relied on.

About

Est. 1948Almost 70 years of experience in

residential property

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Experience you can count on to build shared success. For almost 70 years, Delph Property Group has been investing exclusively in UK residential property.

Founded in 1948 by DJ Crocker, Delph is a family

business now run by brothers Paul and Howard.

Since it was founded, Delph has been solely

focused on residential property either through

investing or developing, giving us unparalleled

experience that sets us apart from other companies.

Experience

We buy off plan or completed apartment blocks

from 50 to 400 units in city centre locations across

the UK. We also offer forward funding and large

deposits to reduce risk for builders and developers.

586 unitspurchased in the last two years

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“Returning to Delph a second

time was a no-brainer. Their team

brings something to the table that

I can’t find anywhere else. ”

- Gareth Morgan | Director, Fortis Homes

Partnered with Delph on schemes in

Manchester and Birmingham totalling 207 units

Working together to build for the future. We’re as committed as you are to making your development a success.

At Delph Property Group we like to do things a little differently.

We work collaboratively with builders and developers from

start to finish on any project, taking pride in our ability to

provide expertise, support and specialist knowledge whenever

it is required.

Every business relationship we develop is considered a

partnership. As every project is unique we listen to individual

needs and we work pro-actively to create a deal that is

beneficial for everyone involved.

Partnerships

The power of this approach is evident in the relationships we

have built over the years. If a builder or developer is offered

a residential site, we want them to see Delph as their partner

of choice.

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Approach

These examples demonstrate the variety of ways in which we have recently helped builders and developers.

01 | Off Plan

02 | Forward Funding

03 | Pre-purchase Partnering

04 | Completed Stock

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01| Off PlanDelph Property Group offers deposits and staged payments of up to 40% on construction milestones. This helps cash flow for builders and developers and often enables better finance terms. It also cuts out sales risk and future marketing costs.

Aria Apartments, LeicesterLocation: Leicester

Tenure: Freehold

Number of units purchased: 93

Vendor: Builder

Delph exchanged contracts on the off plan purchase of a block of 93 apartments in Leicester city centre from Convoy Investments. Construction began on the apartment block in January 2016 which will comprise 19 studios, 25 one-bedroom units and 49 two-bedroom apartments.

Delph was approached by the builder in 2015 – a deal was quickly agreed and contracts exchanged in late December. By selling to one buyer, Convoy improved their cash flow, encouraged its bank to lend, and provided serious savings in interest payments and all sales and marketing costs allowing them to move quickly on to their next project.

Along with a straightforward exit strategy, Delph worked with Convoy to produce a specification that met market requirements and helped the builder to maximise its profit margins.

“The nature of the deal with Delph has been great for us as it simplified the whole development process leaving us time to concentrate fully on the construction of the apartments. I’ve found the team very amenable and we have worked well together agreeing the specification and dealing with the legal process through to exchange of contracts.” - Kerry Beattie | Director, Convoy Investments

Approach

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Merchant Square, Bedford Riverside

Location: Bedford

Tenure: Head Lease


Vendor: Developer

As part of the much anticipated regeneration of Bedford town centre led by Bouygues UK Ltd and Coplan Estates, planning permission was granted for a mixed use scheme consisting of a 100 room hotel, a multi-screen cinema, high quality restaurants, residential apartments and a new market square. The 46 private residential apartments occupy a prime location facing the River Ouse with all of the one, two and three bedroom apartments having balconies and the benefit of water views.

Delph agreed to purchase and fund the residential apartments prior to construction commencing, thereby removing the associated risks of the residential element of the scheme from the mixed use developer.

02| Forward FundingDelph Property Group is able to buy the land and fund construction on stage payments or interim valuations, subject to using a suitably robust building contractor. This allows builders and developers to clear the balance sheet, eliminate risks, and make large savings on marketing, sales and finance charges.

“We are delighted to have worked with Delph, as our residential partner for our Bedford Riverside North project. Our respected skills ensured that the needs of both the commercial and residential occupiers were met in full through the design process, something that is rarely achieved in mixed use developments. The legal process was straightforward and we look forward to working with Delph on future projects.” - Colin McQueston | Director, Coplan Estates

Approach

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GQ7, ManchesterLocation: Manchester

Tenure: Head Lease


Vendor: Developer

Delph acquired this significant 15 storey apartment building in Manchester City Centre’s Green Quarter after partnering with Fortis Developments. Having worked with Delph on a previous development, Fortis approached us to partner them and with our assistance was able to secure the site just a short walk from Manchester’s Victoria station.

The site has full planning consent for 146 residential apartments, 68 secure parking spaces and large communal garden.

03| Pre-purchase Partnerships

If a site has planning permission granted, partnering with Delph Property Group prior to land purchase has many benefits. Not only can it help secure the deal, but it significantly improves cash flow and also helps secure better funding terms by completely eliminating any sales risk.

“The funding model that Delph provides offers an attractive alternative to traditional bank finance. As a result we are pleased to have completed this second deal with them and we look forward to working with them again on future developments.” - Gareth Morgan | Director, Fortis Developments

Approach

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West Tower, LiverpoolLocation: Liverpool

Tenure: Freehold


Vendor: Receiver

West Tower, Liverpool, was purchased by Delph following an open market campaign on behalf of the Receiver.

During the highly competitive bidding process, Delph was selected as the preferred buyer due to its strong offer and certainty based on its previous property purchases and reputation.

At 40 floors, and at a height of 140m, West Tower is Liverpool’s tallest building. The iconic mixed-use skyscraper is ideally located within Liverpool’s business district and boasts panoramic views across Liverpool and the Mersey.

04| Completed StockWe will purchase part, or the whole of, a development once construction has been completed. Selling all the units in a single transaction can allow the developer to move onto their next project quickly and easily and ensure total exit from the scheme, while simultaneously reducing marketing and sales costs.

“Our initial contact was with Nick Belkin, Head of Acquisitions, and after supplying the relevant information, viewings were arranged. Nick and his team attended the scheme and, within the proposed timescales, submitted a formal bid supported with the necessary proof of funds. Delph dealt with the acquisition professionally and to a timeframe that was mutually acceptable and appropriate to a sale of this nature.” - Shannon Conway | Director, Jones Lang Lasalle

Approach

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We are a small, pro-active and efficient team.We have the ability to work quickly and closely together to make decisions.

Wherever the scheme is located in the UK, we have

systems and procedures in place to efficiently work

out the feasibility of each development we look at.

Buying

We aim to carry out our due diligence and be in a

position to make an offer to the builder or developer

within two weeks of receiving all the necessary

information on the development.

Builder/developer contacts Delph and provides as much information as possible on the development

• Address• Plans• Schedule of accommodation• External elevations/CGI’s• Planning history

Step one

Delph carries out desktop appraisal of the scheme

Step two

Delph visits the site to assess the scheme and carry out local due diligence

Step three

Department heads sign off scheme

Step four

Managing Director approval

Step five

Offer made

Step six

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Delph in action

UK

Birmingham

Bristol

Camberley

Cardiff

Kingston upon Thames

Leicester

Liverpool

Manchester

Nottingham

Portsmouth

Reading

Redhill

St. Neots

Swindon

Weybridge

Wroughton

The Delph portfolio

London

Battersea

Bermondsey

Blackheath

Brentford

Chelsea

Chiswick

Cockfosters

Enfield

Hampstead

Maida Vale

Paddington

Peckham

St John’s Wood

Victoria

West Hampstead

Wimbledon

Delph Property Group has purchased residential developments across the UK.

properties across the UK

We purchase developments of

deposits paid

We currently own over

1700

Established 1948

Up to

40%

586 units purchased in the last two years

50 to 400 units

Recent acquisitions

Eclipse: Bristol

The Foundry: Birmingham

Queensway: Redhill

Merchant Square: BedfordHorizon: Bristol

Arcus & the Bar: Leicester The Ink Works: London

Aria Apartments: LeicesterWest Tower: Liverpool

GQ7: Manchester Metalworks: Birmingham

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Unrivalled development experienceOur knowledgeable team work closely to ensure all risks are known, mitigated and value is added at all points

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Howard Crocker Managing Director

Howard joined Delph in 1980. His initial

focus was mostly on developing in

London with his brother Paul, including

conversions of warehouses, schools

and office buildings. Howard is now

responsible for new development

acquisitions. Howard is married with four

children and enjoys making rock albums,

playing guitar and has a large psychedelic

vinyl collection.

Paul Crocker Managing Director

Paul has been working in the property

industry since 1978. Throughout his

career he has been primarily involved

in building and running the group’s

investment portfolio, originally with

the acquisition of blocks of flats let on

regulated tenancies and more recently on

blocks let on ASTs. Paul enjoys keeping

fit, watching Arsenal and skiing when his

wife and four children allow it!

The Delph team

Richard Forman Head of Sales & Marketing

Richard has been working in the property

industry since 1988, and has been at Delph

since 1996. He oversees sales and marketing

activity for the business, works closely with

the acquisitions team during the purchase

process, and is responsible for pricing new

schemes and ensuring the locations, layouts

and specification are suitable for our needs.

Richard lives in South West London with his

wife and two daughters.

Nicholas BelkinHead of Acquisition

Nick has been at Delph since 2006 and

involved in property all his working life.

Heading up the acquisitions team, he has

extensive knowledge of many cities across

the UK and is always looking for the next

exciting opportunity, as well as overseeing

the due diligence and legal process. Away

from the office Nick is a keen Sunday

morning sportsman and family man.

Stewart Booth Head of Construction

Stewart has been in the building industry

for 30 years, 15 of these working with Delph.

Starting his working life on site on the

contracting side of the business has given

him a wide understanding of the processes

of construction. Stewart plays a vital role in

ensuring the delivery of Delph developments

to a high standard across the country.

Stewart lives in Kent with his wife and

three children.

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Contact us

Progress your vision with us. Get in touch with our team.No matter how big your project is, we’re here to talk. Arrange a visit to our central London office or call or email us.

For land and acquisitions contact:

Nicholas Belkin

Tel: +44(0) 20 7907 5565

Email: [email protected]

For general enquiries contact:

44-45 Great Marlborough St, London, W1F 7JL

Tel: +44(0) 20 7907 5555

Fax: +44(0) 20 7907 5556

Email: [email protected]

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Delph Property Group