delph property group
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02040608
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About
Experience
Partnerships
Approach
Buying
Team
Contact
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Delph Property Group believe in the power of partnerships.That’s why, since 1948, we’ve been collaborating with developers and builders to realise their vision.
Whether you’re looking to sell a development pre-construction, fund a development off plan, sell completed stock or need someone to partner with for PRS, Delph is a forward thinking and experienced residential property company that can be relied on.
About
Est. 1948Almost 70 years of experience in
residential property
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Experience you can count on to build shared success. For almost 70 years, Delph Property Group has been investing exclusively in UK residential property.
Founded in 1948 by DJ Crocker, Delph is a family
business now run by brothers Paul and Howard.
Since it was founded, Delph has been solely
focused on residential property either through
investing or developing, giving us unparalleled
experience that sets us apart from other companies.
Experience
We buy off plan or completed apartment blocks
from 50 to 400 units in city centre locations across
the UK. We also offer forward funding and large
deposits to reduce risk for builders and developers.
586 unitspurchased in the last two years
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“Returning to Delph a second
time was a no-brainer. Their team
brings something to the table that
I can’t find anywhere else. ”
- Gareth Morgan | Director, Fortis Homes
Partnered with Delph on schemes in
Manchester and Birmingham totalling 207 units
Working together to build for the future. We’re as committed as you are to making your development a success.
At Delph Property Group we like to do things a little differently.
We work collaboratively with builders and developers from
start to finish on any project, taking pride in our ability to
provide expertise, support and specialist knowledge whenever
it is required.
Every business relationship we develop is considered a
partnership. As every project is unique we listen to individual
needs and we work pro-actively to create a deal that is
beneficial for everyone involved.
Partnerships
The power of this approach is evident in the relationships we
have built over the years. If a builder or developer is offered
a residential site, we want them to see Delph as their partner
of choice.
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Approach
These examples demonstrate the variety of ways in which we have recently helped builders and developers.
01 | Off Plan
02 | Forward Funding
03 | Pre-purchase Partnering
04 | Completed Stock
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01| Off PlanDelph Property Group offers deposits and staged payments of up to 40% on construction milestones. This helps cash flow for builders and developers and often enables better finance terms. It also cuts out sales risk and future marketing costs.
Aria Apartments, LeicesterLocation: Leicester
Tenure: Freehold
Number of units purchased: 93
Vendor: Builder
Delph exchanged contracts on the off plan purchase of a block of 93 apartments in Leicester city centre from Convoy Investments. Construction began on the apartment block in January 2016 which will comprise 19 studios, 25 one-bedroom units and 49 two-bedroom apartments.
Delph was approached by the builder in 2015 – a deal was quickly agreed and contracts exchanged in late December. By selling to one buyer, Convoy improved their cash flow, encouraged its bank to lend, and provided serious savings in interest payments and all sales and marketing costs allowing them to move quickly on to their next project.
Along with a straightforward exit strategy, Delph worked with Convoy to produce a specification that met market requirements and helped the builder to maximise its profit margins.
“The nature of the deal with Delph has been great for us as it simplified the whole development process leaving us time to concentrate fully on the construction of the apartments. I’ve found the team very amenable and we have worked well together agreeing the specification and dealing with the legal process through to exchange of contracts.” - Kerry Beattie | Director, Convoy Investments
Approach
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Merchant Square, Bedford Riverside
Location: Bedford
Tenure: Head Lease
Number of units purchased: 46
Vendor: Developer
As part of the much anticipated regeneration of Bedford town centre led by Bouygues UK Ltd and Coplan Estates, planning permission was granted for a mixed use scheme consisting of a 100 room hotel, a multi-screen cinema, high quality restaurants, residential apartments and a new market square. The 46 private residential apartments occupy a prime location facing the River Ouse with all of the one, two and three bedroom apartments having balconies and the benefit of water views.
Delph agreed to purchase and fund the residential apartments prior to construction commencing, thereby removing the associated risks of the residential element of the scheme from the mixed use developer.
02| Forward FundingDelph Property Group is able to buy the land and fund construction on stage payments or interim valuations, subject to using a suitably robust building contractor. This allows builders and developers to clear the balance sheet, eliminate risks, and make large savings on marketing, sales and finance charges.
“We are delighted to have worked with Delph, as our residential partner for our Bedford Riverside North project. Our respected skills ensured that the needs of both the commercial and residential occupiers were met in full through the design process, something that is rarely achieved in mixed use developments. The legal process was straightforward and we look forward to working with Delph on future projects.” - Colin McQueston | Director, Coplan Estates
Approach
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GQ7, ManchesterLocation: Manchester
Tenure: Head Lease
Number of units purchased: 146
Vendor: Developer
Delph acquired this significant 15 storey apartment building in Manchester City Centre’s Green Quarter after partnering with Fortis Developments. Having worked with Delph on a previous development, Fortis approached us to partner them and with our assistance was able to secure the site just a short walk from Manchester’s Victoria station.
The site has full planning consent for 146 residential apartments, 68 secure parking spaces and large communal garden.
03| Pre-purchase Partnerships
If a site has planning permission granted, partnering with Delph Property Group prior to land purchase has many benefits. Not only can it help secure the deal, but it significantly improves cash flow and also helps secure better funding terms by completely eliminating any sales risk.
“The funding model that Delph provides offers an attractive alternative to traditional bank finance. As a result we are pleased to have completed this second deal with them and we look forward to working with them again on future developments.” - Gareth Morgan | Director, Fortis Developments
Approach
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West Tower, LiverpoolLocation: Liverpool
Tenure: Freehold
Number of units purchased: 106
Vendor: Receiver
West Tower, Liverpool, was purchased by Delph following an open market campaign on behalf of the Receiver.
During the highly competitive bidding process, Delph was selected as the preferred buyer due to its strong offer and certainty based on its previous property purchases and reputation.
At 40 floors, and at a height of 140m, West Tower is Liverpool’s tallest building. The iconic mixed-use skyscraper is ideally located within Liverpool’s business district and boasts panoramic views across Liverpool and the Mersey.
04| Completed StockWe will purchase part, or the whole of, a development once construction has been completed. Selling all the units in a single transaction can allow the developer to move onto their next project quickly and easily and ensure total exit from the scheme, while simultaneously reducing marketing and sales costs.
“Our initial contact was with Nick Belkin, Head of Acquisitions, and after supplying the relevant information, viewings were arranged. Nick and his team attended the scheme and, within the proposed timescales, submitted a formal bid supported with the necessary proof of funds. Delph dealt with the acquisition professionally and to a timeframe that was mutually acceptable and appropriate to a sale of this nature.” - Shannon Conway | Director, Jones Lang Lasalle
Approach
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We are a small, pro-active and efficient team.We have the ability to work quickly and closely together to make decisions.
Wherever the scheme is located in the UK, we have
systems and procedures in place to efficiently work
out the feasibility of each development we look at.
Buying
We aim to carry out our due diligence and be in a
position to make an offer to the builder or developer
within two weeks of receiving all the necessary
information on the development.
Builder/developer contacts Delph and provides as much information as possible on the development
• Address• Plans• Schedule of accommodation• External elevations/CGI’s• Planning history
Step one
Delph carries out desktop appraisal of the scheme
Step two
Delph visits the site to assess the scheme and carry out local due diligence
Step three
Department heads sign off scheme
Step four
Managing Director approval
Step five
Offer made
Step six
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Delph in action
UK
Birmingham
Bristol
Camberley
Cardiff
Kingston upon Thames
Leicester
Liverpool
Manchester
Nottingham
Portsmouth
Reading
Redhill
St. Neots
Swindon
Weybridge
Wroughton
The Delph portfolio
London
Battersea
Bermondsey
Blackheath
Brentford
Chelsea
Chiswick
Cockfosters
Enfield
Hampstead
Maida Vale
Paddington
Peckham
St John’s Wood
Victoria
West Hampstead
Wimbledon
Delph Property Group has purchased residential developments across the UK.
properties across the UK
We purchase developments of
deposits paid
We currently own over
1700
Established 1948
Up to
40%
586 units purchased in the last two years
50 to 400 units
Recent acquisitions
Eclipse: Bristol
The Foundry: Birmingham
Queensway: Redhill
Merchant Square: BedfordHorizon: Bristol
Arcus & the Bar: Leicester The Ink Works: London
Aria Apartments: LeicesterWest Tower: Liverpool
GQ7: Manchester Metalworks: Birmingham
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Unrivalled development experienceOur knowledgeable team work closely to ensure all risks are known, mitigated and value is added at all points
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Howard Crocker Managing Director
Howard joined Delph in 1980. His initial
focus was mostly on developing in
London with his brother Paul, including
conversions of warehouses, schools
and office buildings. Howard is now
responsible for new development
acquisitions. Howard is married with four
children and enjoys making rock albums,
playing guitar and has a large psychedelic
vinyl collection.
Paul Crocker Managing Director
Paul has been working in the property
industry since 1978. Throughout his
career he has been primarily involved
in building and running the group’s
investment portfolio, originally with
the acquisition of blocks of flats let on
regulated tenancies and more recently on
blocks let on ASTs. Paul enjoys keeping
fit, watching Arsenal and skiing when his
wife and four children allow it!
The Delph team
Richard Forman Head of Sales & Marketing
Richard has been working in the property
industry since 1988, and has been at Delph
since 1996. He oversees sales and marketing
activity for the business, works closely with
the acquisitions team during the purchase
process, and is responsible for pricing new
schemes and ensuring the locations, layouts
and specification are suitable for our needs.
Richard lives in South West London with his
wife and two daughters.
Nicholas BelkinHead of Acquisition
Nick has been at Delph since 2006 and
involved in property all his working life.
Heading up the acquisitions team, he has
extensive knowledge of many cities across
the UK and is always looking for the next
exciting opportunity, as well as overseeing
the due diligence and legal process. Away
from the office Nick is a keen Sunday
morning sportsman and family man.
Stewart Booth Head of Construction
Stewart has been in the building industry
for 30 years, 15 of these working with Delph.
Starting his working life on site on the
contracting side of the business has given
him a wide understanding of the processes
of construction. Stewart plays a vital role in
ensuring the delivery of Delph developments
to a high standard across the country.
Stewart lives in Kent with his wife and
three children.
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Contact us
Progress your vision with us. Get in touch with our team.No matter how big your project is, we’re here to talk. Arrange a visit to our central London office or call or email us.
For land and acquisitions contact:
Nicholas Belkin
Tel: +44(0) 20 7907 5565
Email: [email protected]
For general enquiries contact:
44-45 Great Marlborough St, London, W1F 7JL
Tel: +44(0) 20 7907 5555
Fax: +44(0) 20 7907 5556
Email: [email protected]
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