Accumulate Portfolio Update June 2020 - Accumulate Capital
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AS SEEN IN
Accumulate
Portfolio Update
June 2020
Canterbury Innovation Centre
University Road, Canterbury, Kent. CT2 7FG
Email: info@accumulatecapital.co.uk
Tel: 01227 936 996
www.accumulatecapital.co.uk
Message from the CEO Over the past month there have been a number of significant and exciting developments across our portfolio, all of which we will share with you in the following update. We have already got the ball rolling on the latest addition to our network of investment opportunities: Cheyne Walk Residences. We have exclusive footage to share from our construction partner, Jamie Chapman, divulging Cheyne Walk’s next steps in detail. This prestigious project has already captured the attention of Property TV, the UK’s only TV channel dedicated to the housing sector. Riverside Place is beginning to take shape nicely as construction continues to move at a progressive pace. Discover what stage our Kingston upon Thames development is currently at, and where we will be heading from here. We have completed the land purchase on our commercial project, Doncaster Enterprise Park, and can now begin moving forward towards the physical build. Mayor of Doncaster, Ros Jones, has expressed her utmost support for the Park with a dedicated foreword that we have included below. If there’s anything more we can do for you, please feel free to contact us by phone or email using 01227 936 996 and info@ accumulatecapital.co.uk. Best Regards, Paul Howells CEO, Accumulate Capital
LATEST
OPPORTUNITY
A TROPHY ASSET ON CHEYNE WALK
CHELSEA, LONDON
The Royal Borough of Kensington and the period façade. The basement level property, with mood boards and plans
Chelsea is best known for its prestigious will be extended, and a steel frame expected shortly.
amenities, extraordinarily lavish, structure will form the new property.
upmarket properties and the area’s array Although backend work has already
of famous residents. Because of this, This will give prospective buyers the begun in the form of working drawings
there is an extreme demand for luxury opportunity to purchase a Chelsea and site investigations, it is estimated
apartments combined with a lack of property on the same street that has that the physical build will start with the
availability. seen famous faces from the worlds of soft demolition phase in September.
music, art, literature, politics and film for
Cheyne Walk Residences will see the the last 300 years. Residents include, but A potential plan to remove a small part
creation of 13 modern and spacious definitely aren’t limited to, Bram Stoker, of the basement to include a car park
apartments on this most famous of Isambard Kingdom Brunel, Michael stacker is currently being discussed with
London streets. Located on the banks Bloomberg, Roman Abramovich and our project architect. There is enough
of the River Thames in this affluent and Mick Jagger. space to house 12-15 cars and it is
glamorous part of the UK capital, these expected that each space would be sold
new apartments will cater to the huge The Next Steps for Cheyne Walk for between £100-150k.
desire and interest of buyers all around
the world. The first structural phase for Cheyne To register your interest in this
Walk Residences has been completed development on Cheyne Walk, Chelsea
We already have planning permission to ahead of schedule, and now our please complete the form on this page.
create the new units by demolishing the architect and interior designer can begin
rear of the building, while maintaining working on the inside finishings of the
Cheyne Walk
A Street Like No Other
For almost three hundred years, Chelsea’s Sir Mick Jagger
Sir Mick Jagger T.S. Eliot Cheyne Walk has been home to faces from the
worlds of music, business, politics, art, and British music legend, lead singer with the
literature. The street’s residents have earned enduring, iconic rock giants The Rolling
it a staggering ten blue plaques, awarded for Stones. During their whirlwind romance
historical importance. Here are a selection of Jagger and Marianne Faithfull lived at 48
those famous past and present residents. Cheyne Walk. Jagger’s career has spanned
over five decades, and he has been described
Roman Abramovich as “one of the most popular and influential
front men in the history of rock & roll”. Jagger,
Abramovich is an Israeli-Russian billionaire is not the only band member to have lived on
businessman and politician whose London Cheyne Walk.
residence is 100 Cheyne Walk. He is the owner
of the private investment company Millhouse Dame Elizabeth Taylor
LLC,and Chelsea Football Club.
He was formerly governor of Chukotka Born on February 27, 1932, in London,
Autonomous Okrug from 2000 to 2008. In England. One of film’s most celebrated and
2019, according to Forbes, Abramovich’s net recognizable movie stars, Taylor fashioned a
worth was US$12.9 billion. career that covered more than six decades,
accepting roles that have not only showcased
T.S Eliot her beauty, but her ability to take on
emotionally charged characters. In 1982 while
The American-English poet, playwright, performing in the play Little Foxes, Dame
literary critic, editor and the leader of the Elizabeth lived at 22 Cheyne Walk which she
Modernist movement in poetry lived at 122 demanded was redecorated in lavender, a
Cheyne Walk. His much acclaimed works true diva indeed.
include The Waste Land (1922) and Four
Quartets (1943). Prior to his death in 1965 he Michael Bloomberg
was recognised as the greatest living English
poet and man of letters, and in 1948 he was In 2015, former New York mayor, Presidential
awarded both the Order of Merit and the hopeful and multi-billionaire Michael
Nobel Prize for Literature. Bloomberg bought 4 Cheyne Walk for a
reported £25 million. A graduate of Harvard
Ian Fleming Business School, Bloomberg began his
career at Salomon Brothers before forming
Ian Fleming, born May 28, 1908, the suspense- Bloomberg L.P. in 1981 where he spent the
fiction novelist and creator of James Bond, next twenty years as its chairman and CEO.
the stylish, high-living British secret service He still owns the house to this day.
agent 007. Fleming lived at 24 Carlyle
Mansions, Cheyne Walk between 1950 and Along with the above there were plenty
1953, and was the son of a Conservative more famous owners of property on Cheyne
MP and the grandson of a Scottish banker. Walk including Sylvia Pankhurst, Bram
Fleming was educated in England, Germany, Stoker, Laurence Olivier & Vivien Leigh, Keith
and Switzerland, and he was a journalist in Richards, George Eliot, David Lloyd George,
Moscow before becoming a high-ranking Jane Asher and many more.
officer in British naval intelligence during
World War II.
Dame Elizabeth Taylor Michael Bloomberg Ian Fleming (Right)
A Feature on Property TV
Property TV is the UK´s only television The Property TV team visited our
channel dedicated to the industry. prestigious site in Chelsea, London
Broadcast on Sky channel 192, it and spoke to Jamie Chapman about
provides viewers with an extensive the development build process, future
platform that showcases a daily dose use, coronavirus, end unit sales and
of property entertainment, information, everything in between.
and education.
Watch and discover exactly why we
Sky´s 13 million+ subscribers will be are so excited about Cheyne Walk
given a sneak peek into our latest Residences, and how it has already
project, gaining insider information and attracted investors and end-unit buyers
exclusive development details directly from around the world.
from Jamie Chapman, Cheyne Walk
Residences constructor and the CEO of
Store House London.
Our New Office Space
CLICK HERE to watch Jamie Chapman
We are extremely pleased to announce gain the stunning River Thames, Chelsea discuss the
the opening of our West London office Psychic Gardens and Albert Bridge as Cheyne Walk project
on Cheyne Walk in Chelsea, located on our neighbours.
the ground floor of our latest residential Play Video >
property development. Sandwiched between some of the finest
businesses London has to offer, our new
This fantastically advantageous location Accumulate site will also provide us with
not only provides us with the optimal excellent transport links across the UK’s
base to keep an eye on the progress capital city. In fact, an 8-mile trip will take
of our luxury new build apartments in us right to the doorstep of our Riverside
Cheyne Walk Residences, but we also Place, Kingston development.
Why Chelsea?
Chelsea is an area located southwest shopping districts such as Portobello
of Central London on the banks of Road, Knightsbridge, and King’s Road.
the River Thames. The borough is one
of the wealthiest residential areas in The annual Hot 100 report by CBRE
London and features an abundance revealed that Kensington and Chelsea
of impressive and elegant shops, came fourth in its list of best-performing LATEST
museums, and art galleries. In the London boroughs. The average property OPPORTUNITY
residential streets of Chelsea, an area price in Chelsea is £2,000,502, 234.3%
widely described as wealthy, exclusive, above the London average. The average
and distinguished, are some of the most
expensive and extravagant houses in
rental is £889 per week, 20.5% above
the London average.
End Unit Sales
the UK’s capital city.
The 13 lavish apartments in Cheyne Walk Cheyne Walk Residences represents an
As well as fetching enormous property
Residences will soon be available for immensely profitable, high-yielding asset
The borough is home to London’s prices unseen anywhere else in the UK,
off-market reservation. This represents for buy-to-let investors and a highly
museum quarter which includes Kensington & Chelsea also ranked 3rd
the opportunity to purchase one or more appreciating property target for end-user
the Natural History Museum, the in Rightmove’s happiest place to live
units in a development located just 3 residents. Developed by Accumulate in
Science Museum and the Victoria in London index. Further to this, the
miles from Central London in the most conjunction with Store House London,
and Albert Museum: visitors bring in area is also the most popular borough
prosperous and high-class postcode in the these luxurious and spacious apartments
approximately £3billion every year. searched by visitors to London on
UK’s capital: SW10. on the street of the rich and famous will
Nearly half of all visitor spend is in Airbnb.
be snapped up in no time.
Reality Tours
Unlike some, we don’t hide from project in a thorough and informative
scrutiny and curiosity. In fact, we actively conversation while adhering to strict
encourage it. social distancing measures. Here, you are
Watch Jamie Chapman discuss the more than welcome to ask any questions
Cheyne Walk project Nothing compares to the experience of you might have.
being able to physically see a construction
Play Video > that you are involved in come to Of course, we take the safety of our
life, which is why we are offering an investors and ourselves very seriously,
exclusive site tour to a limited number and therefore, we will be implementing
of prospective investors at various dates the current rules surrounding Covid-19
throughout the next few months. on our reality tours. This means there
are only 8 spaces available to join Jamie
During the tour we will explain the Chapman and Paul Howells, so make sure
background, process and vision for our you book your place quickly.
House Price Report The latest figures from HM Revenue & Customs show a 16% improvement in property sales as 48,450 homes changed hands in May: the month that the Government ended the nine-week lockdown for estate agents. New figures from Rightmove reveal record levels of interest as well as home sellers bumping up asking prices despite the coronavirus crash. The data came as upmarket estate agent Knight Frank said it had its best-ever week, with buyers flooding back to pricey country properties after the lockdown property freeze. The website said it had recorded its busiest ever ten days in May and June, which it said reflected two months of pent-up demand. As London emerged from lockdown, tens of thousands of new homes were rushed through planning with the aim to increase house sales, boost the housing market and revive the UK economy. And despite unprecedented disruption to the UK’s housing market, more than 22,000 new homes in London have been given the green light. Even though chaos struck planning departments when lockdown was imposed, the number of new homes approved from January to May by local authorities is on a par with the first five months of last year, say experts Molior. After a strong start to the year, 4,618 homes received planning permission in April and May. According to new data, more tenants are beginning to move properties within the UK rental market once again as applications rose by 45%. The Goodlord’s Lettings Activity Tracker collated data between 12th April and 7th May. The research showed that new tenancy applications “rose by 45% and completed tenancies by 22%”.
DEMOLITION
COMPLETE
Riverside Place Demolition Complete
The demolition phase of the work at river is well used by the public and so all
Riverside Place is now complete, the roof necessary health and safety precautions
and two floors at the rear of the building must be adhered to. This work has also
which makes up the majority of the site been carried out during the Covid-19
have now been removed. Demolition pandemic, the demolition crew were
work like this in such close proximity to themselves working under strict social
other buildings needs to be meticulously distancing rules, but they got the job done
planned and executed. Bishop’s Hall on time and within budget.
which leads from Thames Street to the
Next steps
The Metsec steel frame structure that will build such as windows. We are also in the
become the skeleton of Riverside Place is process of purchasing the high-quality
currently being made. Although the order internal finishing’s to perfectly represent
was slightly delayed due to coronavirus, the glamour and luxury that comes with
the order is now well underway and the a Kingston address.
end delivery date has not been affected
by this. Shortly, we will be putting an order in
for the property’s lift and the hugely
Because the Metsec is a fairly quick impressive glass-front of the building
procedure, we have already put our that will come together to form the final
orders in for the longer lead items for the look of Riverside Place.
Watch Jamie Chapman discuss the
latest update to the Riverside Place
Riverside Place Timelapse
View the extensive progress of Riverside the first floor footplate to make way for
Play Video > Place in less than a minute as this Riverside Place’s 16 one-bedroom and 10
impressive Riverside Place time-lapse two-bedroom luxury apartments: the only
compresses weeks of hard work into just new builds in Kingston upon Thames until
40 seconds. 2024.
See what vital stages have been
accomplished behind the scenes and View the timelapse HERE or by
watch as three storeys are demolished to clicking on the video above.
Riverside Place End Unit Sales
The last remaining one and two-bedroom end-user residents.
apartments in Riverside Place are still
available, but won’t be for long. These Developed by Accumulate in conjunction
apartments represent an opportunity with Store House London, the last
to purchase a unit in the only major remaining units of these luxurious
development to be delivered in affluent apartments, situated just 12 miles from
Kingston upon Thames for the next four Central London, will be snapped up by an
years. immensely eager market once released
for general sale.
Riverside Place is a profitable, high-
yielding asset for buy-to-let investors and Download Riverside Place’s end unit
a highly appreciating property target for sales brochure HERE.
CURRENT
OPPORTUNITY
Highly Advantageous and Limited Investment Opportunity
Current Opportunities
We are proud to confirm that the purchase of the land to develop the D O N C A S T E R E N T E R P R I S E PA R K
Accumulate Commercial - Doncaster Enterprise Park was completed in May.
Over the past 20 years, commercial a sustainable long-term site for
At this time legal charge was registered at H.M.Land Registry on behalf of property has consistently delivered the next generation of employees,
our investors. higher returns than the FTSE 100, business owners and investors in
For compassionate reasons, we have recently exited one of our long- Cash ISA´s and UK gilts. So when we the area.
standing investors and therefore now have a limited opportunity for were offered the option to develop
a 6.30-acre commercial asset in Each of the industrial units will come
investors to invest alongside us in this project: the form of 66 SME starter units with a range of internal designs to
within the UK´s manufacturing and satisfy all potential tenants. With
• Land Purchase Complete distribution hub, we jumped at the few, if any, alternatives in the area,
• Planning Granted chance. Doncaster Enterprise Park will fill this
gap in the market. With extensive
• First Charge Registered at H.M. Land Registry over the land Doncaster has seen huge media coverage and the full backing
• 40% Investor Protection Buffer regeneration funding poured into the of Doncaster Council with the Mayor
• 60% Loan to Value raise - 9% Loan to GDV area, mainly because of it’s location of Doncaster to host the first site
• Market Leading Fixed Returns and ready access to exceptional tour the project has attracted an
transport links. The demand for influx of investors with phase one
• Fixed Investment Term SME starter units in this logistical already under reservation.
hub vastly exceeds supply, and
This is a limited and highly advantageous opportunity to invest alongside the units currently available are Download the investment
often neglected buildings offering memorandum HERE. (Redacted).
us in an advanced project with market leading security. poor quality facilities. Our project For the full version including
Contact us, to discuss if this investment is right for you, or not. provides a viable and much needed investor returns and security, please
solution to this issue by creating click here.CURRENT Development Supported By
OPPORTUNITY
Support for Doncaster
Enterprise Park
Ros Jones, Mayor of Doncaster
It goes without saying that I am passionate for seeding future growth of the town and
about Doncaster and the health and accelerating its advancement as one of
prosperity of our communities. That’s why the U.K.’s most important logistical and
I was delighted to learn of Accumulate economic hubs.
Capital’s plans to regenerate the site at Little
Lane, creating the Doncaster Enterprise Doncaster has a proud history but has
Park. As a Council, we give this scheme our had to adapt to an ever-changing world.
full backing. We’ve done so, and continue to do so
successfully, embracing change, harnessing
Generating employment opportunities our progressive outlook, and moulding our
both during the development phase and place in the 21st century. We look forward
for many years to come meets one of the with great anticipation to the opening of
central pillars of our strategic plan, and Doncaster Enterprise Park and the next
we roundly welcome Accumulate and its addition to our town’s continued prosperity.
clients. They and you will be responsible
Doncaster In The Media
Yorkshire Post - Town is becoming ‘major hub for enterprise and innovation’
The Star – Doncaster ‘becoming a major business hub’ as £12m enterprise park is unveiled
Insider Media Limited – Accumulate Capital to start work on £12m business park
The Business Desk – Brand new enterprise park to give local businesses a boost
Doncaster Site Tours
Given the current situation with COVID-19 Metropolitan Borough Council cabinet such
we cannot say with certainty when we will as Bill Mordue, CEO, Damian Allen and
be able to offer site tours of Doncaster our own Richard Craker from Accumulate
Enterprise Park. However, we can say that Capital. You’ll not only get a tour of the site
once we can firm up a date you’ll have but there will also be the opportunity to ask
the opportunity to meet with Ros Jones questions of the team at the newly built
and other members of the Doncaster Doncaster Council offices.CURRENT
OPPORTUNITY
Investing Into Doncaster
Doncaster has long been crown, a £500million investment
considered the UK’s from Jeff Bezos, the world’s
manufacturing and distribution richest man and founder of
hub. However, the recent funding Amazon.
developments within the area
have caused its community, The local council are also
economy and reputation to pledging improvements with
skyrocket. dedicated funding into brand new
strategies that focus on culture,
Further funding into Doncaster’s employment and the economy.
railway and airport have been
confirmed, improving the Download Why Doncaster
town’s interconnectivity to the to discover the significant and
rest of the UK and the world. continuing investment in the UK’s
The commercial sector has best connected location and why
also received a vast amount of this and the continuing increase
funding from household names for online shopping are driving
such as IKEA, BT, Next, Wabtec, forces in the growing demand for
Thales and the jewel in the commercial stock.Our Virtual Platform Social distancing and strict regulations means that we are currently unable to run site tours of Riverside Place. Investors find these site tours highly valuable and advantageous due to the vast amount of exclusive information we share here; therefore we have come up with a way to ensure our clients still receive these benefits. Our Gruveo platform enables serious and focused investors to experience the reality of an Accumulate development through a virtual site tour. Your appointment will feature an extensive tour of Riverside Place, giving you eyes on the project from the comfort of your home. We also offering one-to-one presentation sessions where our clients can book a time slot to speak to one of our senior team members face-to-face. The discussion will include detailed explanations of our due diligence, the build process, the property’s future use and also gives you the opportunity to ask any questions you might have. Don’t miss out on this fantastic and rare opportunity, register your interest today HERE.
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Accumulate Capital´s recent advances in the market
Luxurious Magazine, 7,729 monthly unique views: Over a third
have captured the attention of some of the UK´s
biggest media brands. of UK Property Investors Plan to Sell properties in 2020
Our success within the property development finance sector Entirely Property, 5,000 monthly unique views: Accumulate
has long been appreciated by investors and now our fantastic Capital reveals over a third of UK property investors are
progress within the industry is being covered by respectable looking to sell properties in 2020
titles in print, online and television.
Entirely London, 5,000 monthly unique views: Accumulate
Accumulate Capital recently carried out a survey of 750 UK Capital reveals over a third of UK property investors are
property investors who owned three or more properties to looking to sell properties in 2020
discover their opinions on buy-to-let regulations, tax and
legislative changes and where they stand on alternative ways Specialist Finance Introducer, 4,000 monthly unique views:
of property investment. Accumulate Capital: Over a third of property investors plan to
sell properties
Our thought-provoking research has already piqued the
interest of The Financial Times and The Sunday Times with
Mortgage Introducer, 19,900 monthly unique views:
both titles including our collated results in their print and
online editions. Now, the following platforms have also Accumulate Capital: Over a third of property investors plan to
showcased our research to their readers: sell propertiesPrevious Case Studies HACKNEY ROAD, SHOREDITCH L E W I S C R E S C E N T, M A R G A T E C A LV I N R O A D , S P I TA L F I E L D S INVESTMENT CLOSED INVESTMENT CLOSED INVESTMENT CLOSED We obtained this site in 2011. The building was bought Purchased in March 2018 for a total just under £3.5million This building was ideally located and prime for a for (what is now a modest) £990,000. With a further including professional fees this impressive building residential conversion. A turn of the century, former £628,000 construction costs, we created a multi-use asset on Margate’s seafront was in need of a great deal of printers warehouse the double-fronted building was featuring commercial retail space, office space and two attention. However, local knowledge and intensive due the last of its kind in a street that had become mainly floors of prime residential apartments, including two diligence gave us and the constructor confidence the residential developments. £2.2million plus professional penthouses with balconies and expansive roof terraces target GDV could be achieved, and so it proved. fees just short of a further £300,000 secured the purchase with commanding views over London. of the site. Project costs: £1.8million Project costs: £4.65million Project costs: £4.2million Capital raise: £600,000 Capital raise: £1.4million Capital raise: £1.25million Project GDV: £2.25million Project GDV: £6million Project GDV: £6.12million Project Profits: £465,959 Project Profits: £1.35million Project Profits: £1.95million
Previous Case Studies
HACKNEY ROAD, SHOREDITCH P A L M B A Y, M A R G A T E KINGSWOOD ROAD, GILLINGHAM R O B E R T S T R E E T, W E S T M I N S T E R
INVESTMENT CLOSED INVESTMENT CLOSED INVESTMENT CLOSED INVESTMENT CLOSED
A beautiful Victorian property in the Palm Bay is a fantastic prime site A beautiful Victorian property in the Over an intense build period in a
commuter town of Gillingham. The on the outskirts of Margate. It had commuter town of Gillingham. There location where access was difficult at
conversion of this building was into planning to demolish the bungalow was a large gap in the market for high best and council rules can never be
high end co-living accommodation and build 9 high-end art deco end HMOs; this conversion completed overcome, 10 stunning apartments
compromising of 7 ensuite bedrooms. apartments. Out of the end 9 units we to form a 6 bedroom all ensuite co- were created, complete with the
There is a large gap in the market for had interest in 4 of them before work living house. The remaining 2 rooms highest specification fixtures and
high end co-living; the building didn´t or marketing started on site. were already converted and couldn´t fittings, synonymous with our
need any structural work, it was a be used until planning was received constructor’s work. Also, a single
refurbishment project working within Term: 12 Months for those particular rooms. It ended up four storey townhouse, one of only a
the existing envelope of the building. as an 8 room co-living house. handful of river fronting properties of
Project Details: Fully Owned its size.
Term: 12 Months Term: 6 Months
Location: Prime Project costs: £23.5million
Exit Route: Refinance Type: Fully Managed
ROI: 15% p.a. Capital raise: £1.5million
Security: Full second charge Security: Full second charge
Project Profits: £3.5million
ROI: 15% p.a. ROI: 15%Canterbury Innovation Centre University Road, Canterbury, Kent. CT2 7FG Email: info@accumulatecapital.co.uk Tel: 01227 936 996 www.accumulatecapital.co.uk
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