Case study: asset management
What is asset management?
Our asset management division enables investors in the property sector to benefit from our land and planning expertise. We enter into a planning and management services agreement with the investors for the acquisition of brownfield land and use our expertise to navigate the complex planning system to obtain planning consent. Typically, we also propose a plan for the disposal of the site when consent has been achieved.
This is a high-growth part of the Group and an activity that generates substantial service revenues with significantly reduced investment and capital consumption.
Why asset management?
- Maximises our land and planning expertise
- Limited capital investment
- High returns on receipt of planning consent
Asset management services
Asset management projects
As at 30 September 2020, there are six live asset management projects, with the potential for more than 3,100 homes.
Walthamstow, London
Former Homebase site
583 units
Planning application submitted
Hillingdon Gardens
Hillingdon
514 units
Recommended for approval
Aston Clinton
Aylesbury
44 units
14 units approved, 30 submitted for planning
Two sites in Barking
Essex
390 units
Planning applications to be submitted early 2021
Cavalry Barracks
Hounslow
1,650 units
Planning application to be submitted early 2021
IN
FOCUS
Cavalry Barracks, Hounslow
Acting on behalf of investors, our asset management division sourced and secured the acquisition and development of one of the largest brownfield sites in London in August 2020: the 36.7-acre Ministry of Defence (MOD) Cavalry Barracks in Hounslow, West London.
Completion of the acquisition is subject to vacant possession which is anticipated in August 2021.
Inland will manage the planning and development process on behalf of the investors in this project and will receive significant service revenues when consent is achieved.
The entire site is allocated for a major mixed use development via a development brief adopted by the London Borough of Hounslow. We expect to make a planning application for a residentially led, mixed-use scheme of 1,650 homes in the first quarter of 2021.
The historical significance, location, and scale of Cavalry Barracks make this one of the best brownfield sites we have secured in our history. The sympathetic redevelopment will support the London Borough of Hounslow in delivering much-needed, additional, low-cost housing and the ongoing regeneration of the area.
36.7-acre
Site
£600m
Estimated GDV
Fifth
MOD transaction and the largest to date
14 Grade II & 19 Locally
listed buildings, plus 439 existing residential accommodation units
Early 2021
Planning application for residentially led mixed-use scheme to be submitted early 2021
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