Current Projects

Foundation Real Estate is currently acquiring properties in several major UK cities.
Please see below details of recent projects.

Leeds
Monks Bridge

• City Centre location

• Site area 4.2 acres

• Includes 300m viaduct, arches converted to commercial use

• Lapsed planning consent

• Creation of public realm and park on viaduct

• Ground breaking approach to affordable housing provision

• Completely new masterplan and planning consent for 667 units

• Riverside destination restaurant and ancillary commercial uses

• Planning application highly commended by Council

Manchester
Clippers Quay

• Prime Salford location

• Adjacent to public transport

• Appointed design and professional team

• Planning consent obtained

• 614 residential units total

• Build contract negotiated with Sir Robert McAlpine Ltd

• Forward funding with Grainger Plc arranged

Manchester
Swan Street

• Prime city centre location

• New scheme created from inception

• Optimised Build to Rent design

• New planning consent obtained for 350 purpose built apartments

• Innovative approach to affordable housing provision

• Extensive and appropriate tenant amenities

• Prominent retail space

Birmingham
Unity & Armouries

Approach

Each project has different challenges and opportunities.

Unity & Armouries, Birmingham

• Not designed for PRS, but subsequently internally optimised.

• No communal facilities, but commercial elements repurposed.

Monk Bridge, Leeds

• Lapsed planning consent, but opportunity to re masterplan.

• 300m Listed Victorian viaduct, but amenity space for residents with commercial below.

Clippers Quay, Manchester

• Very large project, but de-risked through forward funding.

• Substantial construction costs, but limited through fixed price contract.

Swan Street, Manchester

• Challenging planning environment but successful proactive approach to affordable housing provision.

• Significant construction cost challenge, but mitigated through identifying alternative contractor.

Checklist of Priorities

• Sustainable demand for product from a well diversified demographic of professionals.

• Located in an area of development activity.

• Proximity to transport, retail, leisure and employment facilities.

• Scope for strong rental growth over current embedded rents.

• Appropriate site offering suitable scale in the right location.

• Local planning authority hospitable to professional BTR.

• Acquiring, designing and building to the right specification at the right price.