One Heritage Group - Acquisitions Lead

One Heritage Group - Acquisitions Lead

CANDIDATE INFORMATION PACK ACQUISITIONS LEAD

CONTENTS PAGE

ONE HERITAGE OVERVIEW DEVELOPMENT 4 6 10

INTRODUCTION

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DEVELOPMENT MANAGEMENT APPLICATION DETAILS 14 18 20 ROLE DESCRIPTION

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INTRODUCTION

Dear Candidate, Thank you for taking the time to read about this opportunity. We’re working exclusively with One Heritage, a UK based property development company listed on the London Stock Exchange trading as One Heritage Group Plc. They develop residential accommodation for sale into the UK and Asian market as long-term investments. Focused on mid to high range developments their USP is as a Hong Kong wealth manager developing in the UK, providing customers security over their long-term investment. In 2020, One Heritage Group PLC became one of the first publicly listed residential developers with a focus on co-living. Based primarily in the North of England, One Heritage is a small team of dedicated and experienced professionals who have a proven track record in complex property development and investment. They’re seeking to grow the company exponentially over the next couple of years and have a variety of interesting projects already in the pipeline. They are seeking an Acquisitions Lead who is enthusiastic, organised, self-motivated and trustworthy, with an eye for detail, to lead and manage the development of the pipeline and subsequent acquisition of opportunities. Reporting to the Development Director and working closely with the development team, the role is focused on existing and new markets, identifying prime opportunities for development across the Northwest of England and the Midlands.

Please read on to understand more about this new opportunity.

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ONE HERITAGE OVERVIEW

One Heritage Group is a property development and investment management company. Focussing on the residential sector primarily in the North of England, they are dedicated to seeking value and maximising opportunities for their investors. One Heritage is made up of a team of dedicated and experienced professionals, who have a proven track record in complex property development and investment. In 2020 One Heritage Group PLC became one of the first publicly listed residential developers with a focus on co-living.

OUR VISION To become an acknowledged provision and management and co-living space in our ch

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OUR MISSION To develop high-quality apartments and co-living housing in urban centres in the UK with high demand from professional tenants and provide first class letting and full management services to create a socially sustainable living environment.

d market leader in the of high-quality apartments hosen geographies.

OUR VALUES We follow best practice, so that our developments provide a safe and environmentally friendly living experience; we treat all stakeholders with respect; we ensure that our leadership and governance is effective and transparent and adheres to the highest standards of ethical practice.

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OUR BUSINESS MODEL

DEVELOPER Development Profits • 6 Projects • 201 Apartments • 2 Commercial Units • £31.9m GDV DEVELOPMENT MANAGER Management Fee & Profit Share • 4 Projects • 771 Apartments • 2 Commercial Units • £203.9m GDV

SERVICES: CO-LIVING CONSTRUCTION & PROPERTY MANAGEMENT Service Agreement & Management Fees • 28 Co-Living projects und construction • 271 Co-Living rooms unde management • 138 Apartments due to complete by Q3 2022

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OVERSEAS SALES NETWORK

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DEVELOPMENTS – CASE STUDIES ST PETERSGATE, STOCKPORT St Petersgate was acquired in March 2021 and it is situated alongside the old Prudential Building on St Petersgate overlooking the square. The former commercial building, which thrived as a Town Centre HQ in the 1960’s, provides the perfect opportunity to add residential value to the regenerating town of Stockport. The Group has planning permission to refurbish and repurpose the property into 18 self-contained apartments, split into 14 one-bedroom and 4 two- bedroom apartments over 5 floors with a commercial on the ground floor. It is anticipated that the conversion of the property will take approximately 10 months, completing Quarter 1 2023.

BANK STREET, SHEFFIELD Bank Street was acquired in January of 2021 and it is situated at 56, Bank Street, Sheffield. The property is located in the heart of the Cathedral Quarter in Sheffield City Centre, just a 9 minute walk from Sheffield Hallam University, and 10 minutes’ walk to Sheffield Train Station. The Group has commenced work to convert the historic grade II listed building into 23 apartments split over four floors totalling an area of 18,190 square feet. The scheme is forecasted to be completed in Q3 2022.

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LINCOLN HOUSE, BOLTON Lincoln House was acquired in March 2020. It was a commercial building situated on Nelson Street, within close proximity to Bolton Town Centre and all of its amenities, with Bolton Train Station only a 5-minute walk away. It is also approximately one mile from St Peters Way (A666), which is the main arterial route through Bolton and links directly to the motorway network of the M6, M61 and M62, all of which are approximately three miles south. There has been an increase of around 30 percent in house values for apartments across Bolton over the last five years. Bolton Town Centre Framework driven by the private rental market – young professionals, couples and young families who see the town as a commutable location. Student accommodation in the town centre is a major potential growth area, with the University expecting to double student numbers over the next 15 years. An increase in town centre residential development is considered key to the long-term sustainability, viability and vitality of the town centre. One Heritage Group PLC is intending to convert the property to 88 Self-contained apartments. The programme commenced in Q1 2021 and expect works to be completed Q2 2022.

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OSCAR HOUSE, MANCHESTER Oscar House was acquired in September of 2020 and it is situated on the corner of Cleworth Street and Chester Road, Manchester. It is within close proximity to both Manchester City Centre and MediaCity, the home of the British Broadcasting Corporation (BBC), through bus links and is less than 5-minute walk to the tram that links the two. The property is situated on Chester Road within close proximity to Manchester City Centre. The area covers 8,276 sqft. The Group has planning permission for 27 Self-contained one- and two-bedroom apartments that will be split over six floors. Works commenced in Q2 2021 to construct the building and the development is forecasted to complete in Q3 2022.

CHURCH GATE, LEICESTER The land at Church Gate covers an area of 0.21 acres (0.086 hectares) and is currently undeveloped. The Group intends to construct 15 Self-contained apartments and one commercial unit totalling approximately 11,000 square feet. The site is located on the corner of Church Gate and St Peter’s Lane, lying inside the A594 central ring road. It is within a one-minute walk of the city centre and approximately 0.7 miles from Leicester railway station. A pre application for planning was submitted in July 2020 and a full planning application submitted December 2020. It is expected that planning will be achieved Q3 2022. It is anticipated that the construction of the property will take approximately 12 months. It is anticipated that work on converting the building will commence in Quarter 2 2022.

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SEATON HOUSE, STOCKPORT Seaton House was acquired in Q1 2022 and is located in the centre of Stockport and only a 7 minute walk to Stockport train station, which has a direct line to both Manchester and London. The site is also in proximity to another One Heritage development, St Petersgate. Seaton House is an existing office building with permitted development rights which would allow conversion into 12 apartments. One Heritage is in the process of submitting a planning application for up to 30 apartments which will have a Gross Development Value of £5.6 million. Construction is expected to start upon successful planning and take 12 months, with completion expected in Quarter 4 2023. Stockport is seeing significant investment and could outperform against the broader property market due to its excellent connectivity to both London and Manchester via train, its proximity to Manchester airport, and its access to the Peak District.

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DEVELOPMENT MANAGEMENT - CASE STUDIES

One Heritage Group PLC operates as development manager for projects, either formally part of the group or for 3rd party investors. This service covers the development process from devising development strategies, selecting and auditing external consultants, planning, procuring construction or redevelopment services to formulating and executing an exit strategy. QUEEN STREET 84 Queen Street was acquired in July 2021 by One Heritage North Church Limited with plans to remodel, refurbish and convert the former City Centre commercial building into a modern mix of apartments. The property is set to comprise 58 units, a mixture of studios as well as 1 and 2 bedroom apartments. Works commenced on site Q1 2022 and are due to be completed Q2 2023. The Queen Street development is set to add great value to Sheffield’s residential market. OLDHAM COUNTY COURT Oldham County Court was purchased in February 2020 and One Heritage secured planning approval to convert into 43 residential apartments. In Q2 2021, One Heritage executed a forward funding deal to sell the scheme to Arcon Housing Association. The development provides 43 apartments for affordable housing use in a mixture of 1, 2 and 3 bed apartments. Works commenced in Q2 2021 and are due to be completed Q2 2022. One Heritage are working in collaboration with Arcon Housing Association to ensure a quality residential development is handed over.

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ONE HERITAGE TOWER One Heritage Tower was acquired in January 2020 by One Heritage Tower Limited and is situated on the corner of New Bridge Street and Greengate, Salford. One Heritage has successfully achieved outlined planning for 542 self-contained one-, two- and three- bedroom apartments that will be arranged over 55 floors, which will also include extensive market leading amenities such as amenities such as a gym and a penthouse residents’ lounge. One Heritage have entered into a PCSA to deliver the development and expect works to commence on site in Q4 2022 with construction forecasted to take 4 years.

542 Apartments

2 commercial units

Q4 2022 Project start

Q1 2026 Estimated completion

55 Storeys

390,408 Size (sq ft)

£155M GDV

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ONE VICTORIA One Heritage exchanged on the property on behalf of Great Ducie Street Limited in March 2022 subject to the issue of planning approval. Planning has been approved at committee with the section 106 to be agreed and executed. Following successful planning the development will provide 129 residential apartments and 2 commercial units. One Victoria is located within the cultural and retail hub of Manchester within a short walking distance to Manchester AO Arena, Selfridges and Harvey Nichols, Manchester Cathedral and the Northern Quarter. Works are due to commence in Q4 2022 with completion forecasted Q3 2024. The development consists of two towers, one 10 storey and other 13 storeys providing exceptional views across Manchester and the Pennines. Q4 2022 Project start Q3 2024 Estimated completion 129 Apartments

13 Storeys

2 commercial units

£37M GDV

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THE ROLE

ACQUISITIONS LEAD One Heritage are looking to recruit an enthusiastic, organised, self-motivated, trustworthy person to lead and manage the development of the pipeline and subsequent acquisition of opportunities wo manage the development of the pipeline and subsequent acquisition of opportunities working for and reporting directly to the Development Director. The role requires the applicant to work with other members of the development team to build and deliver the acquisition of the development pipeline. With a focus on existing and new markets (predominantly across the Northwest through the Midlands) to identify opportunities for development (both land and existing buildings) in conjunction with the development team and development director. This will include understanding the development potential of a site or building, looking for ways to maximise value and provide risk analysis looking at metrics such as cost, planning and programme. The following summarises the duties (but it is not extensive): • Develop and maintain an extensive network of agents and landowners. • Find off market opportunities. • Structure deals that are beneficial to the business including options and subject to planning deals. • Run initial development appraisals on opportunities to ascertain their suitability. • Work closely with the development team to run development appraisals. • Manage stakeholder relations including agents, landowners and internal within business. • Responsibility for internal reporting including weekly pipeline update. • Report opportunities to development committee including preparation and presentation of scheme. • Manage acquisition process through to completion. Required Opportunities • The Group will consider a wide range of opportunities wit projects ranging from 15- 500 units. The preferred location is north of London to Scotland with a focus on the Northwest and East Midlands. • Existing buildings with or without planning approval. • Sites with new build and existing buildings. • Land for development of apartments in core urban areas. • Land for development of new build housing.

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Essential Skills • Educated to degree level (ideally MRICS). • Demonstrable property and development experience.

• Professional when dealing with high level contacts and team members. • •Positively responsive to change, ambiguity, adversity and pressure. • Flexible and willing to contribute to helping others. • A team player who is pro-active, energetic and keen to make things happen. • Trustworthy and able to be an ambassador to the business. • Eager to learn and develop skills and ability. • A good judge of when to use initiative and when to consult. • Confident in the decision-making process.

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APPLICATION DETAILS If you would like to find out more about this opportunity, please get in touch with One Heritage Group’s Recruitment Partner, The Management Recruitment Group. You can also apply directly by sending your CV to one of the email addresses below: Matthew Evans

[email protected] m: 07854 865017 | t: 020 3962 9900 Christopher Mackenzie [email protected] m: 07715114960 | t: 020 3962 9900