A 50:50 Joint Venture with London based Long Harbour, Hanwood Park is one of the UK’s top 10 largest urban extensions providing a major new community in a highly sustainable environment. On site amenities will include the provision of new schools, community centre, healthcare, retail and leisure uses.
Strategically located in the heart of the UK and only 50 mins by train to London, the development already benefits from significant expenditure on infrastructure including the major spine roads and one new school and with 6 different housebuilders currently constructing homes on site. Funding for these works has been provided in partnership with Homes England who continue to support the project.
£25m
invested in infrastructure to date
2 million
sq ft of commercial space
5,500
new homes
1,100
houses occupied and under construction
37%
site cover dedicated to public outdoor space
Native Land develops high quality mixed-use projects predominantly in Prime Central London. Current projects include the redevelopment of South Kensington Station, the 1.4m sq ft, 5.5 acre Bankside Yards site in Southwark and New Eidyn in Edinburgh’s St James Quarter.
Buccleuch Property has held a strategic shareholding in Native Land since 2004, shortly after the business was founded and we have invested equity in every project since.
Landmark developments include Holland Park Villas, NEO Bankside and Montrose Place. Native Land has a worldwide reach with investors, funders and end purchasers across most continents.
£3 billion
Gross Development Value (GDV) of completed projects
£35m
invested by Buccleuch Property
£100m
of affordable housing provision
550
private apartments sold
This 50:50 joint venture with Mactaggart & Mickel Group was formed in 2015 to deliver a New Town at Shawfair, creating the largest urban expansion programme currently in Scotland. Revitalising the south east of Edinburgh, the project is establishing a brand new community within a fully landscaped environment surrounding a new town centre and recently opened railway station which is only an 15 minute journey to Edinburgh Waverly. Shawfair residents will benefit from three new schools, two primary’s and a secondary, neighbourhood shops, new community and health centres as well as a variety of sports facilities.
The objective of the JV has been to secure the necessary planning consents, undertake the provision of all infrastructure works and land remediation and then sell serviced sites to house builders. This includes the provision of new roads and drainage infrastructure, primary and sub stations to provide power and a district heating main using carbon free heat from the adjacent Energy From Waste facility.
See shawfair.co.uk for more information.
£1.2bn
Gross Development Value (GDV)
1m
sq ft of commercial space
£100m
per annum estimated net impact on economic output when complete
4,000
new homes when complete
1,200
built or under construction
6,500
jobs will be supported
Established in 2006, this longstanding Joint Venture with Cruden Group, one of Scotland’s foremost privately-owned house builders, focuses on developing high quality housing for sale in Edinburgh, Glasgow and the Central Belt of Scotland. Combining Buccleuch’s land and property expertise with Cruden’s extensive construction and marketing skills, Queensberry is well placed to deliver high quality and complex projects from inception to completion. An increasing focus on Build to Rent has already delivered a pipeline of 300 units in Edinburgh with aspirations to grow this further.
Focusing on upper market quartile, 350 new private homes have been delivered with a pipeline of 250 under construction and in planning. Notable developments include Woodcroft in the Grange area of Edinburgh, Bonnington Mill and Waverley Gate. We are also cornerstone investors in New Eidyn, comprising 150 prime apartments as part of the newly completed £1 bn St James Quarter.
See queensberryproperties.co.uk for more information.
£250 million +
Gross Development Value (GDV)
300
Build-to-rent (BTR) units in pipeline
100+
Affordable units delivered
1,000
Market units developed, under construction or in the pipeline
bloc is a niche small to mid size development business that is founded on its partnership with two major landowners, Network Rail and The Canal & River Trust. bloc operates primarily in the BTR sector but with a number of commercial developments and a growing strategic land portfolio.
Buccleuch Property acquired a 50% shareholding in bloc in January 2023, with CEO and Founder Richard Page and CEO H2O and Development Director Richard Thomas retaining the balance. Buccleuch also brings access to a significant pool of investment capital to the business.
Current key projects include QRN, Nottingham, a 348 apartment BTR new build scheme forward funded by Grainger plc due for practical completion in June 2023 and Bulbourne Yard, a 25-unit residential development in the affluent South West Hertfordshire town of Tring.
Visit https://blocgroup.org/ for more information.
£400m+
Gross Development Value (GDV) of completed projects to date
£3.1m
initial investment by Buccleuch Property
Significant pipeline of new projects featuring strong ESG credentials with Social Enterprise JVs
In JV with Litton Properties, we assembled this 3 acre site in Sheffield city centre from Sheffield City Council and other private landowners, before securing planning for an 864 unit Co-Living residential scheme.
The project, one of the largest of its type in the UK, was sold to Fusion Living having secured a change of use and detailed planning permission. Completed in 2021 it includes amongst other amenities an indoor basketball court, combat zone, private dining area, roof top bar, on-site library and karaoke bar.
Maps Data: Google, ©2022 Getmapping plc, Infoterra Ltd & Bluesky, Maxar Technologies, The Geoinformation Group, Map data ©2022
£95m
total development costs
3 acre
land assembly
864
Co-living apartments
Buccleuch Property has a long tradition of investing overseas with previous opportunities in various markets including Germany, Australia and Sweden. The US has been our longest standing commitment with over 20 years’ experience and since 2017 we have been co-investing with Boston based developer ELV Associates.
ELV are focussed on the Multi Family and student markets along the Eastern Seaboard with current investments in Boston, Washington DC and Atlanta. As a diversification to our UK activities with a highly experienced and financially aligned partner we see our continued exposure to this market as a core part of our business.
$581m
Gross Development Value (GDV) of current projects
$13m
invested by Buccleuch Property
19.7%
blended pre-tax equity IRR
10
projects invested
4
completed exits
Working in partnership with our Joint Venture partner iMpeC we are building quality family homes in the North East of England under the banner of Maple Oak Homes. With a focus on good design and an attention to detail, we are not just creating homes but new communities.
The Acorns, Spennymoor, County Durham
The final phase of this 108 unit development was completed and fully sold at the end of 2021 and offered six different home types, in a high quality environment.
Barcusclose Lane, Burnopfield, County Durham
We promoted this 12-acre site on behalf of a local landowner. The challenge was to create attractive homes for people in a development which would also be supported by the local community. Although the site was not included within the Council’s Local Plan, we were able to secure planning consent for 60 homes by designing a scheme which offered value to the local community, including the provision of significant public open space.
