Our Projects - Private Sector

Case Studies

Old Oak Common

Battersea Place Retirement VillageClient: Rangers Developments Limited

Overview: EARTH's role was to provide a key support to the shareholders and the lead for finance and funding with oversight of the financial masterplan and strategic appraisal model.

EARTH acts as the interface between the steering group, project management & modelling team and public sector agencies, to strategically deliver the project financially, to various private and public sector parties.

Scheme highlights:                    

  • Creating circa 24,000 new homes including affordable homes for Londoners;
  • Circa 60,000 new jobs;
  • 40,000 seat new stadium;
  • Stadium catalyst and rail led regeneration.

Since 2013 EARTH has worked with Rangers Developments Limited to progress the scheme.

 

Finsbury Square

Battersea Place Retirement VillageClient: Planit Events Limited

Overview: EARTH was appointed to act as property development advisor for the acquisition and redevelopment of Finsbury Square, London, EC2.

As promoter, EARTH has assembled a team of high quality advisers to deliver the project.


Scheme highlights:                    

  • A world class square in design;
  • 2000 person capacity events venue in the heart of Shoreditch;
  • Enhancing the existing limited green space in the local London area;
  • Enhancing and meeting the demands and needs of surrounding ‘Tech City’;
  • Utilising leverage from Crossrail infrastructure and increased accessibility - scheduling a parallel launch in 2018;
  • Creating local jobs.

Since 2013 EARTH has acted as promoter to progress the scheme.

 

Battersea Place Retirement Village

Battersea Place Retirement VillageClient: VINCI Plc

Overview: EARTH was mandated by VINCI Plc early in 2011 to secure a construction contract for the retirement village and to assist VINCI secure the c.£20m mezzanine finance required.

VINCI plc entered into a joint venture agreement in September 2011 with LifeCare Residences Ltd, an international retirement villages operator, to develop a retirement village in London overlooking Battersea Park on Albert Bridge Road.  When completed it will have 112 luxury apartments with exclusive leisure amenity, restaurant, bar, library and cinema rooms together with a boutique 30 room nursing home.

Scheme highlights:                    

  • Development of 112 apartments and a 30 bed nursing home off the Albert Bridge Road
  • Marketing suite established on the site in 2012 with c. 60% of the apartments under deposit
  • Contract construction price c. £30m
  • Apartments and nursing home value c. £95m

Since September 2011 EARTH has worked with VINCI to progress the scheme to financial close and acted as lead financial adviser/broker for VINCI.

In terms of the construction contract, EARTH has negotiated a ring-fenced overhead and profit element and the right of first refusal to be the contractor for future schemes.


VSM MoDEL

Client: VSM

Overview: EARTH was appointed to perform the role of acting Finance Director of VSM Estates Limited, the joint venture between the Vinci Investments Limited and St Modwen Properties plc during the refinancing exercise in 2011/2012.  Services included:
VSM Model

  • Preparation of the monthly management accounts, board commentary and attendance at Board meetings
  • Updating the MoDEL financial model
  • Carrying out month end procedures
  • Preparation of the refinancing model
  • Preparation of various funding scenarios, risk papers and board reports for VINCI

VSM was successful in refinancing in June 2012 at which stage EARTH stood down and the monthly reporting tasks were taken back in house by St Modwen.

 

Arsenal Football Stadium

Arsenal StadiumClient: London Borough of Islington

Overview: DTZ (Stephen Clarke) was appointed by the London Borough of Islington (“LBI”) to provide advice in relation to the proposed relocation of Arsenal Football Club.

DTZ’s advice was given to LBI in their capacity as landowners of Ashburton Grove, the site of the proposed new stadium.

The work undertaken was to ensure the proposed development of the new stadium at Ashburton Grove and associated developments were deliverable and resulted in value for money in the public sector.