Build to rent development, Milton Keynes
Build to Rent
Financial Viability Assessments
Rapleys was instructed to coordinate the planning application and viability submission on a large development in central Milton Keynes.
The planning application sought consent for 294 rental apartments and an apartment hotel, forming part of a mixed use development also comprising a 200+ bedroom hotel and other commercial uses. The scheme is the largest build to rent development as well as the tallest residential building in Milton Keynes.
We coordinated the viability submission, during which we liaised with the client team to inform our financial appraisals and viability report. Following submission of the Financial Viability Assessment, we negotiated with the Council’s viability consultant, justifying our valuation approach and adopted appraisal inputs.
Rapleys ensured that the planning application and viability submission were prepared efficiently and according to the client’s desired timescales. We carried out negotiations in a timely manner and negotiated an affordable housing position that satisfied the council’s policy requirements and client’s objectives.
Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
12,000 Stock Condition Surveys – Yorkshire Housing
Appointed by Yorkshire Housing via the Fusion21 Framework to complete 12,000 stock condition surveys over a 3-year period
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Development Consultancy advice to support a planning application for a mixed use scheme
London and Regional
Albert Island Redevelopment
Providing Cost Management & Quantity Surveying services on an exemplar industrial intensification project
Aldersbrook Baptist Church
Aldersbrook Baptist Church, Wanstead
Sale of church hall and provision of cost advice regarding development and refurbishment of church.
Ropemaker Properties Limited
Alfa Laval Tower, Brentford
Assessed the financial viability of the scheme for a planning appeal