HOWARD CROCKER MANAGING DIRECTOR

PAUL CROCKER MANAGING DIRECTOR

Delph Property Group is a privately owned London-based residential property investment company.

Founded by DJ Crocker in 1948 the group owns a considerable buy to let portfolio of over 1000 properties and continues to grow its portfolio by working with builders and developers throughout the UK.

There are four ways in which Delph can work with you, all of which offer a guaranteed exit strategy, and the saving of sales and marketing costs.

By offering deposits of up to 30%, Delph Property Group can also help builders and developers secure better financial terms by reducing interest rate charges, increasing loan to value gearings and giving access to a wider choice of lenders.

WE BUY RESIDENTIAL BUILDINGSFROM 25 TO 200 UNITSTHROUGHOUT THE UK

An off plan deal provides a guaranteed exit route prior to, or during, construction. With an off plan deal, Delph can offer builders or developers a significant deposit, enabling them to secure better funding terms with most banks and funders.Furthermore, the off plan sale also means that the developer stands to make significant savings by avoiding spending any money on sales and marketing collateral.

Have a guaranteed exit routeOFF PLAN

• Up to 30% deposit offered • Secures better funding terms • Eliminates all marketing

and sales costs • Provides a guaranteed exit route

upon completion of development

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FORWARD FUNDING• Clears the developer’s balance sheet• Construction 100% funded by Delph• Eliminates all marketing and sales costs • Eliminates interest costs

With a forward funding deal Delph purchases the development prior to the construction start, then offers staged payments to fund the construction cost.Forward funding enables the builder or developer to remove the associated costs in owning and building a scheme from their balance sheet, while also making large savings on marketing, sales and finance charges.

Clear the balance sheet

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COMPLETED STOCK• Sell part of, or the whole of, your development • Eliminates interest costs• Eliminates all sales and marketing costs • Move on to the next project quickly

Sell the whole development in one goDelph will purchase part of, or the whole of, a development once it has been built.By selling all units in a single transaction, a builder or developer can move onto their next project quickly and easily.There are also considerable savings on marketing, sales and finance costs.

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PRE- PURCHASE PARTNERING

A mutually beneficial relationshipPre-purchase partnering is a relationship that starts prior to land purchase.It’s an opportunity for the developer to bid on schemes knowing they already have a guaranteed sale price agreed with Delph prior to submitting their offer.This also eliminates all marketing and sales costs and ensures better finance terms with most funders.

• Allows builders and developers to pre-sell units prior to exchanging on the site

• Secure better funding terms • Eliminates all marketing and sales costs• Eliminates all sales risk

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1978

OUR HISTORY

1948 1974Company founded by DJ Crocker First investment deal in Central London –

28 apartments at Dorset House NW1Paul Crocker joins Delph Property Group Board of Directors

Howard Crocker joins Delph Property Group Board of Directors

Delph purchases its first apartment block at 14 Kent Rd, Southsea

1984First warehouse loft conversion at Breezers Court, E1

1987Delph purchases over 200 units at Maida Vale Estate from Church Commissioners

2004First development purchase outside of London at St Neots, Cambridge

2009First mixed-use development of 69 apartments purchased at Broad Quay Bristol

2012First North England purchase, West Tower, Liverpool, a development of 106 apartments

Over the next 10 years Delph adds over 300 units to its London portfolio

Independent News’ previous headquarters at The Lexington, City Road becomes Delph’s first office conversion building of 90 apartments

First purchase outside England – 118 apartments in Meridian Plaza, Cardiff

Delph Property Group portfolio reaches over 1000 properties in over 16 English cities

19801963First refurbishment project in London – 76 apartments at Enfield Cloisters N1

1978Delph purchases its first property in Owen St, Eastney for £570

1949 1987 1996 2009 2014

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As part of the much anticipated regeneration of Bedford Town Centre led by Bouygues UK Ltd, planning permission was granted for a mixed use scheme consisting of a 100 room hotel, a multi-screen cinema, high quality restaurants, 46 residential apartments and a new market square.

The 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 a deal to purchase the residential apartments prior to construction commencing thereby removing the associated risks of the residential element of the scheme from the mixed use developer.

Development Names: Bedford RiversideLocation: BedfordTenure: Head-leaseNumber of Units Purchased: 46Year Acquired: 2015Vendor: Developer

B E D F O R D R I V E R S I D E

R EC E N T ACQ U I S I T I O N S

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Late in 2014, the opportunity arose for an off plan purchase of a development of 61 apartments at The Foundry; located in the Jewellery Quarter, just around the corner from Delph’s previously purchased Metalworks development. Negotiations for the purchase were agreed within a week and contracts exchanged by mid-December. The developer commenced the 18 month construction period early in 2015.

Delph agreed a large deposit to be payable to the developer on exchange which assisted the developers’ cash flow throughout the build process, and the bulk purchase provided significant savings in interest charges sales and marketing costs and de-risked the project.

Development Names: The FoundryLocation: BirminghamTenure: FreeholdNumber of Units Purchased: 61Year Acquired: 2014Vendor: Developer

T H E F O U N D RY

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Arcus and The Bar are two residential blocks situated in a prime location in the recently built Highcross Shopping Centre in Leicester City Centre. The development contains 64 apartments consisting of studios, one and two bedroom units, all of which have easy access to all of Leicester’s vastly improved shopping facilities and local amenities.

The terms of the purchase were quickly agreed and completion took place early in 2015.

Delph Property Group purchased these two residential blocks situated in a prime location in the recently built Highcross Shopping Centre in Leicester City Centre.

Development Names: Arcus and The BarLocation: LeicesterTenure: Long LeaseholdNumber of Units Purchased: 64Year Acquired: 2015Vendor: Developer

A R C U S A N D T H E B A R

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West Tower, Liverpool was purchased by Delph Property Group in 2012 following an open market advertising campaign on behalf of the Receiver.

During the highly competitive bidding process, Delph was selected from all interested parties as the preferred buyer, due to its strong bid and professional reputation for past property dealings.

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

Development Name:West TowerLocation:LiverpoolTenure:FreeholdNumber of Units Purchased:106Year Acquired:2012Vendor:Receiver

W E S T TO W E R

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Positioned in the heart of Birmingham’s vibrant Jewellery Quarter, the purchase of 105 apartments across 3 blocks from a prominent UK Housebuilder represented an exciting opportunity, in a premium location.

The Jewellery Quarter acquisition fits ideally within Delph’s investment criteria for properties in prime locations which are unique within their local markets, offer significant investment opportunities and have potential for strong capital growth.

Delph’s purchase meant the Housebuilder had a guaranteed presale and no longer had to speculatively sell the apartments on the open market, saving them considerable sales and marketing costs and allowing them to move forward onto other projects.

Development Name:MetalworksLocation:BirminghamTenure:FreeholdNumber of Units Purchased:105 Year Acquired:2014Vendor:Housebuilder

M E TA LWO R K S

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Situated immediately next door to the Eclipse apartment tower and Harvey Nichols department store in Bristol’s Cabot Circus, the Horizon development features over 100 units in a combination of studio, one and two bedroom apartments.

Delph purchased 25 units at Horizon in 2009, all to be retained in the company’s property portfolio. In 2013, when Delph were negotiating the purchase of a bulk lot at the neighbouring Eclipse project by the same developer, it was discovered that 28 unsold units remained at Horizon and that negotiations between the developer and a potential purchaser had terminated. Delph promptly put forward a new deal offer to include the purchase of the Horizon units with the Eclipse units, therefore relieving the developer of its entire remaining commitment in the developments within the one transaction.

Development Name:HorizonLocation:BristolTenure:Long LeaseholdNumber of Units Purchased:53Year Acquired:2009 & 2013Vendor:Developer

H O R I ZO N

Delph purchased 25 units at Horizon in 2009, to be retained in the company’s property portfolio.

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In an off-market deal negotiated directly with the developer, Delph were offered the opportunity to acquire bulk stock in the prestigiously located Eclipse apartment tower at Cabot Circus, within the thriving Bristol city centre. Purchasing the 25 vacant and unsold 2-bedroom units of a total 76 units in the building, Delph recognised the potential for strong rental yields in this prominent Bristol location.

During negotiation, it was revealed the developer was also holding unsold stock at the recently completed Horizon development located adjacent to Eclipse. Having already purchased 25 units in the Horizon development a few years earlier, Delph was able to act swiftly to include the additional 28 units at Horizon with the 25 units at Eclipse. The new deal enabled the developer to be released of all remaining property holdings and financial obligations from both developments.

Development Name:EclipseLocation:BristolTenure:Long LeaseholdNumber of Units Purchased:25Year Acquired:2013Vendor:Developer

EC L I P S E

Purchasing the 25 vacant and unsold 2-bedroom units of a total 76 units in the building, Delph recognised the potential for strong rental yields in this prominent Bristol location.

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Located in the heart of the London commuter belt, the newly built units in this landmark building at 4 Queensway presented an opportunity for Delph to purchase a collection of one and two bedroom apartments in a location offering efficient transport links to central London, as well as excellent accessibility to the local shopping and amenities of Redhill.

Delph negotiated the deal directly with the housebuilder on the purchase of the unsold and vacant apartments, with the parties promptly reaching mutually satisfactory terms.

Development Name:4 QueenswayLocation:RedhillTenure:Freehold acquisitionNumber of Units Purchased:76Year Acquired:2013Vendor:Housebuilder

4 Q U E E N S WAY

Delph negotiated the deal directly with the housebuilder on the purchase of the unsold and vacant apartments, with the parties promptly reaching mutually satisfactory terms.

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As the successful buyer in an advertised open market sales campaign, Delph Property Group purchased this six storey building in the heart of Bermondsey Street in 2012 and undertook a full refurbishment, transforming the development into an exceptional collection of two bedroom apartments offering light, airy and spacious living.

Delph also obtained planning permission to increase the size of the top floor apartment, creating an enviable London penthouse with views of The Shard and city skyline.

Delph Property Group purchased this six storey building in the heart of Bermondsey Street in 2012 and undertook a full refurbishment, transforming the development into an exceptional collection of two bedroom apartments.

Development Name:The Ink WorksLocation:BermondseyTenure:FreeholdNumber of Units Purchased:9Year Acquired:2012Vendor:Housing Association

T H E I N K WO R K S

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BRISTOL

CARDIFF

LIVERPOOL

NOTTINGHAM

BIRMINGHAM

ST. NEOTS

READING CAMBERLEY

WEYBRIDGE

REDHILL

LEICESTER

PORTSMOUTH

SWINDON

LONDON

HAMPSTEAD

CITY OF LONDON

COCKFOSTERS

ENFIELD

WIMBLEDON

BERMONDSEY

PECKHAM

BLACKHEATHBATTERSEA

CHELSEA

CHISWICK

BRENTFORD

MAIDA VALE

PADDINGTON

WEST HAMPSTEAD

ST JOHNS WOOD

HAMPSTEAD GARDEN SUBURBS

VICTORIA

BEDFORD

BRISTOL

CARDIFF

LIVERPOOL

NOTTINGHAM

BIRMINGHAM

ST. NEOTS

READING CAMBERLEY

WEYBRIDGE

REDHILL

LEICESTER

PORTSMOUTH

SWINDON

LONDON

HAMPSTEAD

CITY OF LONDON

COCKFOSTERS

ENFIELD

WIMBLEDON

BERMONDSEY

PECKHAM

BLACKHEATHBATTERSEA

CHELSEA

CHISWICK

BRENTFORD

MAIDA VALE

PADDINGTON

WEST HAMPSTEAD

ST JOHNS WOOD

HAMPSTEAD GARDEN SUBURBS

VICTORIA

BEDFORD

OUR PORTFOLIO

Regional UK

Over the past 65 years, Delph Property Group has become one of the UK’s largest private residential landlords. With a current portfolio in excess of 1000 properties, Delph Property Group has property holdings in over 16 English cities, 18 different areas of London and continues a steady growth through investment and acquisition.

London

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44–45 Great Marlborough StreetLondon W1F 7JLtel: +44(0) 20 7907 5555 fax: +44(0) 20 7907 5556www.delphgroup.com