Godwin Developments

Student Green Light by Godwin Developments

Bondholder Godwin Developments has had plans approved by Derby City Council to develop an eight-storey state-of-the-art student accommodation scheme in the city's University Quarter.

The site located on Agard Street which is currently a surface level car park will house 142 studio apartments upon completion to accommodate students from the University of Derby.

The purpose built student accommodation (PBSA) sector is now a mature and mainstream property sector which, according to Knight Frank*, has reached £53 billion in size, equivalent to 10% of the size of the professionally managed commercial property market.

Gurdeep Gill, associate director at Godwin Developments, said: “We are excited to develop this site which will be the perfect location for students, as it’s just a stone’s throw from the University of Derby’s law school.

“Within the PBSA sector we have also seen a move towards creating accommodation which supports student wellbeing and mental health. As developers, we work closely with universities to ensure our developments contribute as much as possible to improving the wellbeing of students. The property will be designed to encourage social interactions as students are now looking for an environment that has a sense of community and provides both private and social spaces.

John Forkin Managing Director at Marketing Derby, said "We are delighted with the approval as we have worked closely with Godwin Developments on this and other sites. Marketing Derby together with the Economic Development Advisory Committee (EDAC) have provided our full support for the planning, which will significantly improve the area."

As well as delivering high-quality amenities including a welcome reception area, the site will bring a spark of innovation to regeneration in the city centre and offer highly anticipated accommodation for students across Derby.

The Agard Street site is one of the latest projects to be added to Godwin Developments’ growing portfolio, which contains a diverse range of commercial, residential and mixed-use property assets in key regional locations.

The planning approval for the scheme is just the latest in a series of positive planning applications which Godwin Developments has celebrated this month. The property developer now has 3,000,000ft² of development space across the UK totalling £600m GDV.

Agard_Street,_Derby.jpg
 

Making the Case: Build to Rent in the regions

Build to rent

A panel of industry experts at the Derby Property Summit 2018 believe that Build to Rent is set to be the future of accommodation across the country in coming years.

The Derby Property Summit took place at The Roundhouse yesterday and was attended by over 300 people to hear about how cities can work in collaboration to attract investment and development.

The Build to Rent breakout session saw an expert panel discuss the sector, where it is currently and where they expect it to go looking forward, chaired by event host Declan Curry.

Stephen Pratt, Director at Godwin Developments who have a 200-bed BTR scheme in Derby currently in planning, said, “Build to Rent has come from the evolution of the student accommodation sector. Students are now living in purpose-built, high quality accommodation and want the same offer after graduating. It’s a massive culture change and so we are targeting millennials.”

Graham Bates, CEO of LIV Consult, a company which works with major developers across the country spoke passionately about Build to Rent, saying, "Whilst young people may be the core demographic, we have seen Build to Rent working for everybody from graduates through to retirees and downsizers."

The discussion moved on to what people want from the buildings, and whilst there was a recognition across the panel that each scheme needed to have it’s own identity and there was no ‘one size fits all’ approach, there were a few key themes identified that a successful BTR scheme needed.

Andrew Prickett, Director at Faithful + Gould who sponsored the panel, summarised these by saying, "It’s important to consider design in these buildings, identifying the needs of the location, making sure it is a high-quality environment in all parts of the building providing a secure environment that has relevant and usable amenities."

Build to Rent developments often include amenities such as gyms, cinema rooms, dining spaces or workspaces, and whilst these can help to sell a scheme, the panel agreed that they aren’t essential to a successful scheme.

Ed Ellerington, Head of PRS Housing at Palmer Capital agreed, saying, “These schemes have service at their core and that is what differentiates them. Having a gym or rentable rooms for guests to stay in is a real selling point, but quick and efficient maintenance, a reception that takes your parcels, and reasonable rent collection are far more important on a day to day basis. It’s about taking the headache of renting.”

Graham Bates agreed, adding, "We try to put community first in our developments, we want people to have the opportunity to meet people and have a sense of ownership in the buildings. Therefore we create events such as wine tastings, art evenings, running clubs, etc to get people out of their apartments."

Discussions moved on to looking at BTR in the regions, focussing particularly on Derby. Panellists identified the city as a top BTR destination based on the type of employment and salaries in the city, but also the lack of quality apartments for rent in the city. Will Bushby, Head of Regional Policy and Engagement at the British Property Federation said, "It is encouraging to see BTR developments start to come through the planning process in Derby, but it is some way behind other cities at the moment. There is a sense that developers are waiting to see how the first couple do before following up their interest." Ed Ellerington and Graham Bates both confirmed interest in the city but a difficulty in finding a site that ticked all the boxes.

Stephen Pratt concluded by saying, "Build to Rent is about people and community, only putting in what people want."

Team Derby Powers Midlands Engine

The Midlands area will come together to showcase investment opportunities worth almost £10 billion at this year’s global property and real estate show MIPIM (13th-16th March, Cannes, France).

It is the second year that the Midlands region will work together to attract investment from around the world following a successful united presence at MIPIM 2017. A partnership approach which Derby successfully uses at MIPIM – the delegation this year includes Derby City Council, Derbyshire County Council, Marketing Derby, Rolls-Royce, Smith of Derby, Freeths, Geldards, East Midlands Airport, Godwin Developments, Harworth Group, Idom Merebrook, Innes England, Knights 1759 and Smith Partnership.

John Forkin, Managing Director of Marketing Derby said: “This is the second year of Midlands wide collaboration following an incredibly successful event last year. People will see a step up in the quality of the Pavilion, and we have evolved a strong “Team Midlands” approach that compliments our own destination promotion. Derbyshire is bringing a very strong team out this year with senior representation from Rolls-Royce, both City and County Councils, Derby-Nottingham Metro, Marketing Derby and our supporters.”

More than 70 public and private sector partners, 10 Local Enterprise Partnership (LEP) areas, and the Department for International Trade (DIT) will represent the region – the largest delegation Midlands UK has ever taken to the annual event.

The region will present details of the multi-billion pound portfolio to the exhibition’s 24,000 attendees, which will include potential investors, property agents, developers and media from more than 100 countries.

Destinations attending MIPIM as part of the Midlands UK delegation alongside Team Derby & Derbyshire include Birmingham, the Black Country, Coventry & Warwickshire, Greater Lincolnshire, Leicester & Leicestershire, The Marches, Nottingham, Stoke-on-Trent & Staffordshire, UK Central Solihull, West Midlands Combined Authority, City of Wolverhampton and Worcestershire.

The region’s presence is being coordinated by the West Midlands Growth Company, with key partners including Bondholder East Midlands Airport, Birmingham Airport, global car giant Jaguar Land Rover and the Midlands Enterprise Universities Group.

The 200m² dedicated Midlands UK pavilion will showcase the region’s investment portfolio through a variety of media including an event space to host a programme of more than 50 events, including presentations, receptions and panel discussions.

Marketing Derby will once again be hosting our award-winning Embassy on Wednesday 14 March at the Eden Hotel. Our key sponsors for the event include Bondholders Idom Merebrook, Innes England, Knights 1759 and Smith Partnership.

City Living Boom for Derby

Having identified an opportunity to further fuel the Derby city living boom, Godwin Developments have just struck a deal, brokered by BB&J Commercial, on land at Phoenix Street, Derby, with Phoenix Properties.

Godwin, who have lots of experience in city living across the Midlands, have huge ambitions for this site, which has been left undeveloped for many years.  Godwin plan to create a residential-led tower development.
 
It is hoped the scheme will be a real coup for Derby as the building can set a benchmark for tall buildings in the area. Initial sketch drawings show an iconic, landmark scheme that is sure to be popular with investors and occupiers who are hungry for new apartments as demonstrated by other, recent sell out schemes. 
 
Godwin Developments are showing a real commitment to investing in Derby, with a deal for land on Agard St in the University Quarter having been completed earlier this month. 
 
Stephen Pratt, Godwin Developments, commented “ We see Derby as a great opportunity for city living and now have two live deals with more in the pipeline. We are keen to create some quality apartments for the city and satisfy the demand of the many young professionals who work here.

We are delighted that Godwin Developments are continuing to invest in sites across Derby for city living. Having been in discussions with them for some time, we look forward to the delivery of a landmark, high quality development that helps put Derby Riverside on the map, and will continue to offer our support in bringing the scheme to fruition.
— Tom Erskine, Inward Investment Executive

"We have been working hard as a team to put the right sites together and we are looking forwards to working with Marketing Derby and the City Council to achieve two quality developments. We have similar schemes on across the Midlands and this site adds to our growing portfolio."
 
Mark Richardson of BB&J Commercial said  “It is refreshing to see a quality developer take hold of key regeneration sites with ambitious plans that the city deserves. As a city we missed the apartment boom last time around and as a result there is a real underlying demand for quality city living.

"I feel Godwin Developments are the right developer with the expertise and clout to deliver this exciting scheme which will firmly put Derby City on the residential map with this stunning new development.”