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Barratt and David Wilson invest €45.5m in UK resi market

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Harworth Group plc has sold two residential land parcel at its Waverley and Thoresby Vale developments to Barratt and David Wilson Homes, for a total consideration of €45.5m (£39m).

 

At Waverley in South Yorkshire, Harworth has competed a €33.8 (£29m) land sale which will see the delivery of approximately 450 homes, of which over 30% will be affordable. This represents Harworth’s largest-ever serviced residential land sale by number of plots. The new homes will represent Barratt and David Wilson Homes’ fifth phase at the site and will be situated adjacent to both Highwall Park and the Waverley Lake, benefitting from unique water frontage in an area of the development known as Waverley Waterfront. Construction will follow a bespoke design code, devised in partnership between Harworth and Barratt and David Wilson Homes, that complements the existing Waverley development while maximising the amenity value of the area’s waterfront location. The development will include a pedestrianised promenade, further enhancing the site’s placemaking and connectivity.

 

At Thoresby Vale in Nottinghamshire, Harworth has exchanged on the sale of serviced land capable of delivering 174 homes, for €11.6m (£10m). This represents the second phase of the Thoresby Vale development, following the sale of two land parcels at the site to Harron Homes and Barratt and David Wilson Homes in 2019 and 2020 respectively. Alongside the new homes, Barratt and David Wilson Homes will provide a new surface water attenuation pond and a multi-use path and associated landscaping, which will enhance connectivity and link to the site’s planned primary school and local centre, for which site preparation works are currently underway. The sales conclude an active first half for Harworth’s residential developments, during which over 100% of its budgeted residential land sales for the year were completed, exchanged or under offer, and it also launched its first single-family Build to Rent portfolio.

 

Andrew Blackshaw, Chief Operating Officer at Harworth, commented: “Barratt and David Wilson Homes is a trusted and valued partner to Harworth, and we are pleased to be developing our relationship with these two significant land sales. Harworth is particularly well-placed in volatile markets as our serviced land provides housebuilders with a product which is de-risked and ready to build on from day one. The acceleration of both our Waverley and Thoresby Vale sites will see Harworth stepping through its strategy to take advantage of the placemaking and levelling up that these schemes ultimately bring to these communities. In addition, these sales will enhance the maturation of these socially diverse neighbourhoods when delivered alongside our recently launched single family Build to Rent product, Project Spur.”

 

Ed Catchpole, Joint Regional Director for Yorkshire & Central at Harworth, added: “Barratt and David Wilson Homes has a proven track record of high-quality housing delivery at Harworth sites, and these transactions will help to further accelerate the build-out and placemaking at Waverley and Thoresby Vale. Both sites are also set to benefit from additional investment which will see the creation of new Build to Rent homes and local amenities.”

 

Mark Cotes, Managing Director at Barratt and David Wilson Homes North Midlands, said: “We’re thrilled to have secured the land for an extension to our Thoresby Vale development and will look forward to another opportunity to meet the growing demand for housing in Nottinghamshire. Our growing community in Edwinstowe will continue to provide new jobs for local people and we’ll be making further ecological and financial investments as the development progresses.”

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Race against time to rescue ‘girl trapped inside’ house reduced to rubble in massive gas explosion

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Emergency services are searching for a four-year-old girl believed to be trapped after a terraced house collapsed following a huge gas explosion and fire in south London this morning.

Neighbours said it sounded ‘like a bomb had gone off’ on Galpin’s Road in Thornton Heath, near Croydon, just after 7am this morning, as 40 firefighters and six fire engines quickly rushed to the scene.

Three people have been hospitalised with potentially life-threatening injuries and the fire brigade confirmed their urban search and rescue crews are searching for one more missing person.

Merton Council has declared a major incident and confirmed it was a gas explosion.

Utility repair and maintenance works were being carried out on the road by Southern Gas Networks, who have been contacted by Mail Online for a comment.

Two neighbours, Kutoya Kukanda, 50, and Delroy Simms, 62, who have been called have been called ‘heroes’ for rescuing three children from the rubble at around 7am, said they feared a young girl was still trapped inside.

Mr Simms, dressed in his pyjamas by the cordon, said the explosion was like an earthquake and knew what it was because ‘that gas was smelling all week, really strong’.

He said that Mr Kukanda passed children out to him as bricks were still falling from the structure.

Videos and pictures shows the house completely reduced to rubble, planks of wood strewn about, and neighbours standing shocked outside in their dressing gowns.

Surrounding properties and vehicles are seriously damaged with tiles and bricks from the destroyed housing laying on top of them.

Around 40 properties have been evacuated as a precaution and a 50-metre cordon is in place. 

One man was treated for burn injuries at the scene and witnesses said other people including a child were stretchered away, Thornton Heath Chronicle reported.

A young girl was also seen stood outside with a blanket being treated for burns, as three people are currently in hospital with potentially life-threatening injuries.

London Fire Brigade (LFB) said four people have been rescued and are asking people to avoid the area.

The fire brigade are searching for one missing person after a house collapsed following a huge explosion this morning in Croydon, south London

The fire brigade are searching for one missing person after a house collapsed following a huge explosion this morning in Croydon, south London

The blast tore a huge hole in the wall of a neighbouring home, causing serious damage to what appears to be a child's bedroom

The blast tore a huge hole in the wall of a neighbouring home, causing serious damage to what appears to be a child’s bedroom

Following a fire and explosion, approximately 40 firefighters rushed to the scene of a house collapse in Thornton Heath

Following a fire and explosion, approximately 40 firefighters rushed to the scene of a house collapse in Thornton Heath

Residents thought a 'bomb had gone off' when the blast happened around 7am this morning

Residents thought a ‘bomb had gone off’ when the blast happened around 7am this morning

Neighbours on the road believe a girl aged around four or five is still trapped inside (pictured: Urban Search and Rescue team at the scene in Galpin's Road)

Neighbours on the road believe a girl aged around four or five is still trapped inside (pictured: Urban Search and Rescue team at the scene in Galpin’s Road)

Deputy Assistant Commissioner of London Fire Brigade confirmed one person was missing and being searched for

Deputy Assistant Commissioner of London Fire Brigade confirmed one person was missing and being searched for

Emergency services remain at the scene of the completely destroyed house in Croydon, so far London Fire Brigade say four people have been rescued

Emergency services remain at the scene of the completely destroyed house in Croydon, so far London Fire Brigade say four people have been rescued

The house was destroyed in the huge explosion which is believed to have been caused by a gas leak

The house was destroyed in the huge explosion which is believed to have been caused by a gas leak

The house explosion took place in Thornton Heath, Croydon around 7am this morning

The house explosion took place in Thornton Heath, Croydon around 7am this morning

Emergency services at the scene in Galpin's Road in Thornton Heath, south London, with the collapsed house in the background

Emergency services at the scene in Galpin’s Road in Thornton Heath, south London, with the collapsed house in the background

On the road where properties sell for around £430,000, the explosion launched a mass of rubble which seriously damaged houses either side of the blast and across the road.

Neighbours said they had reported a strong gas smell two weeks ago and others said they had been feeling dizzy and sick over the last two days.

One person said they were still able to smell gas after the blast which shattered windows and severely damaged neighbouring properties as other houses in the area were also evacuated.

Residents on the street told The Sun gasworks had been taking place for ‘four weeks’ there is no suggestion the works have any link to the blast at this stage.

A mother was crying in the street for her son as his bedroom was opposite the completely destroyed house, said one local.

The 25-year-old woman told MyLondon: ‘His mum was out on the street crying ‘My boy, my boy’.

‘They took him to hospital and we’ve heard since that he’s ok.’

She added that a ‘little girl’ and her dad escaped the destroyed house, and that the mum was rescued afterwards.

One resident, who lives on nearby Carisbrooke Road, said: ‘I heard the explosion at 7am, it was just the biggest bang you’ll ever hear.

‘So I went down the road to see what happened this morning and the whole house is gone, people living nearby said all their windows shook.

‘There was police, fire engines, a helicopter going around overhead. There’s not actually a fire from what I saw but you can still really smell gas, even two roads away where I am. They’re evacuating people from the houses nearby as they’re worried about another explosion.

‘There was a little girl of about 10 or 11 stood outside with a blanket bless her, god knows how she got out of that but she’s being treated for burns.

‘They were saying her older brother was still inside but he later got taken out OK I think.’

Dominic Francis, 41, and his partner heard a loud bang this morning, he said: ‘It is the third or fourth house explosion in the UK recently.

‘Something is wrong, I am worried it will happen to us.’

One Facebook user said: ‘I heard it whilst getting ready for work and thought it sounded like an explosion but was hoping I was wrong and that it was at a building site or something.’

Another added: ‘That was one loud bang thought a bomb had gone off’.

The house, pictured several years before the blast, was completely destroyed with neighbouring properties also badly damaged sparking the evacuation of 40 people

The house, pictured several years before the blast, was completely destroyed with neighbouring properties also badly damaged sparking the evacuation of 40 people

London Fire Brigade say four people have been rescued from the scene (pictured)

London Fire Brigade say four people have been rescued from the scene (pictured)

Around forty firefighters attended the scene and the surrounding area was evacuated after the explosion

Around forty firefighters attended the scene and the surrounding area was evacuated after the explosion

Nearby properties on Galpin's Road (pictured) have been damaged and four people have been rescued

Nearby properties on Galpin’s Road (pictured) have been damaged and four people have been rescued 

Police have evacuated and cordoned off the surrounding area following the explosion

Police have evacuated and cordoned off the surrounding area following the explosion

At this time, the cause of the fire and explosion is unknown, but a nearby resident said they could smell gas

At this time, the cause of the fire and explosion is unknown, but a nearby resident said they could smell gas

A London Ambulance Service spokesperson said: ‘We have treated four patients at an incident in Galpins Road, Thornton heath. One was discharged on scene and three others were taken to hospital.

‘We remain on scene with our emergency service colleagues.’ 

Merton council said in a statement: ‘We are working with London Fire Brigade and the Metropolitan Police following a major incident at Galpins Road in Pollards Hill.

‘Emergency services are on site following a gas explosion at a residential property, at least one property has been destroyed. We are urging people to avoid the area.

‘Firefighters are currently carrying out systematic searches and working to make the scene safe.

‘An evacuation centre has been established at the New Horizons Centre.’

A London Fire Brigade spokesperson said in a statement: ‘Six fire engines and around 40 firefighters have been called to a fire and explosion on Galpin’s Road in Thornton Heath.

‘A terraced house has collapsed following an explosion.

‘The Brigade’s 999 Control Officers have taken 13 calls to the incident.

‘The Brigade was called at 0708. Fire crews from Norbury, Mitcham, West Norwood, Woodside and surrounding fire stations attended the scene.

‘The cause of the fire and explosion is not known at this time.’

The Metropolitan Police confirmed officers are at the scene. A statement on Twitter said: ‘Officers are at the scene in Galpin’s Road as part of the emergency services response to this incident. Please follow @LondonFire for updates.’

London Ambulance Service said it is also responding to the incident.

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Home REIT acquires €101m UK resi portfolio

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Home REIT plc has acquired 199 additional properties located across England for an aggregate purchase price of €101m (£85.1m). The properties have added a further 869 beds for those in need to the portfolio, bringing the portfolio total to 10,421 and further enhancing the company’s geographic diversification. The acquisitions adhered to the company’s strict investment criteria, providing much-needed accommodation for vulnerable homeless people across England. They are let on an average lease length of 25 years at low and sustainable rents, on new, unbroken, long-term, full repairing and insuring leases to specialist registered homeless charities and community interest companies (CICs), providing them with the sought-after long-term security of tenure. The leases are subject to annual upward-only rent reviews, index-linked to the Consumer Prices Index, with an annual collar and cap of 1% and 4% respectively. Each of the properties is immediately income producing and, following these transactions, the blended net initial yield of the company’s portfolio is ahead of expectations.

 

Charlotte Fletcher, Partner at Alvarium Home REIT Advisors Limited, said: “This latest tranche of acquisitions represents a significant expansion of our portfolio and allows us to scale up our support for homeless people across the UK. The expeditious deployment of the proceeds of our significantly oversubscribed Subsequent Placing in May demonstrates the Company’s impressive capacity to source attractive investment opportunities and the strength of our relationships with local stakeholders. We are excited to welcome Alex to the management team and are confident that his appointment will further bolster our ability to deliver strong returns to investors whilst also fulfilling a pressing social need.”

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Grade II listed East Sussex family home with a clock tower can be yours for £2.5million

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A striking property on the south coast with its own clock tower is currently up for grabs for £2.5million.

The Clock House is a Grade II listed building in St Leonards-on-Sea, East Sussex.

It has an impressive clock tower that boasts has four clocks made by B L Vulliamy, the clockmaker to King George III.

The property has been in the same family for more than 30 years and is now being sold by M&W Sales and Lettings.

This unusual property is called the Clock House and it is a Grade II listed building in the East Sussex coastal town of St Leonards-on-Sea

This unusual property is called the Clock House and it is a Grade II listed building in the East Sussex coastal town of St Leonards-on-Sea

The Clock House has an opulent interior with arched doorways and windows framing the views of the surrounding garden

The Clock House has an opulent interior with arched doorways and windows framing the views of the surrounding garden

This living area has a large Tv sitting above a feature fireplace, colourful drape curtains and dark decorative wallpaper

This living area has a large Tv sitting above a feature fireplace, colourful drape curtains and dark decorative wallpaper 

The impressive property was constructed by the architect James Burton and his son Decimus Burton in 1827, who were behind many of the Georgian buildings in London

The impressive property was constructed by the architect James Burton and his son Decimus Burton in 1827, who were behind many of the Georgian buildings in London

The property was one of the first buildings constructed by the architect James Burton and his son Decimus Burton in 1827.

The pair were responsible for many of the historic homes along the South Coast, Tunbridge Wells and London. They were behind much of the building of Georgian London, including being responsible for large areas of Bloomsbury, as well as St John’s Wood and Clapham Common. James also collaborated with John Nash at Regent’s Park.

In 1828, he started building a new season town at St Leonards, based closely on his experiences at Regents Park.

There is a clock tower with four clocks, which were made by B L Vulliamy, the clockmaker to King George III

There is a clock tower with four clocks, which were made by B L Vulliamy, the clockmaker to King George III

There is a multi-coloured tiled floor in the entrance hallway

There are several feature windows at the Clock House

The property has plenty of interesting features, including arched windows and multi-coloured tiled floors in the hallway

This living room has some large dark sofas, a central chandelier, wooden floors and several candle holders

This living room has some large dark sofas, a central chandelier, wooden floors and several candle holders

This hallway has a colourful gold and red wallpaper with coordinating fabric on the sofa as well as dark wooden flooring

This hallway has a colourful gold and red wallpaper with coordinating fabric on the sofa as well as dark wooden flooring

This colourful bedroom has a patterned red wallpaper, red curtains, red window frames and a matching red ceiling

This colourful bedroom has a patterned red wallpaper, red curtains, red window frames and a matching red ceiling 

The Clock House retains many impressive features, including arched gothic doorways and a tiled entrance flooring.

There is an opulent interior, and a landscaped garden outside that includes a bar and dining areas.

It is spread across three floors and is on Maze Hill, overlooking St Leonards Gardens, with views to the sea.

The property has been in the same family for more than 30 years and M&W Sales and Lettings is handling the sale

The property has been in the same family for more than 30 years and M&W Sales and Lettings is handling the sale

The property has an asking price of £2.5million and is only a short walk from the centre of the town of St Leonards-on-Sea

The property has an asking price of £2.5million and is only a short walk from the centre of the town of St Leonards-on-Sea

The property has five bedrooms, with this one including a fireplace and an arched window that includes some stained glass

The property has five bedrooms, with this one including a fireplace and an arched window that includes some stained glass

The property has some ornate features including on the walls of this double bedroom that have been decorated with candles

The property has some ornate features including on the walls of this double bedroom that have been decorated with candles

This bathroom has green and gold wallpaper, white tiles on the floor, a life size statue and an appealing roll top bath

This bathroom has green and gold wallpaper, white tiles on the floor, a life size statue and an appealing roll top bath

The property is only a short walk away is St Leonards town centre, which boasts bars, restaurants, independent galleries and shops on Norman and Kings Road.

The towns’ gardens provide a tranquil setting with a range of plants, trees and wildlife, with the star of the show being a central ornamental pond.

The area has several schools including Battle Abbey School, Claremont, Vinehall and Buckswood.

Outside, there is plenty of space to entertain family and friends, including an outdoor dining area and a large lawn

Outside, there is plenty of space to entertain family and friends, including an outdoor dining area and a large lawn

The outdoor entertaining area includes a firepit and outdoor lights so that gatherings can continue into the evening

The outdoor entertaining area includes a firepit and outdoor lights so that gatherings can continue into the evening

The kitchen has cream wall and base units along with a central island that is tiled and it contains some useful storage

The kitchen has cream wall and base units along with a central island that is tiled and it contains some useful storage

This large double bedroom has monochrome wallpaper, a dark wooden flooring and some furnishings providing a pink accent

This large double bedroom has monochrome wallpaper, a dark wooden flooring and some furnishings providing a pink accent

The average price of a price sold in St Leonards during the past year is £291,265, which is just under the £312,201 average for the country as a whole, according to Zoopla.

Helen Whiteley, of property website OnTheMarket, said: ‘Properties like this don’t come to the market too often, so when they do it’s an opportunity to own something really special.

‘As well as a magnificent history dating back almost 200 years, with its original charm and unique interior, this clock house has a level of grandeur that remains as impressive today as it would have been when first constructed.’

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