Blog

Robert Adams, Collage (1953). Arts Council Collection, Southbank Centre, London, © the artist's estate. Photo by Will Simpson. Robert Adams, Collage (1953). Arts Council Collection, Southbank Centre, London, © the artist’s estate. Photo by Will Simpson.

It was great to attend the British Modern Remade exhibition launch at Park Hill last week.

We have to thank Anish Kapoor for the show… Anish invited me to a dinner where I sat next to Caroline Douglas who runs the Arts Council collections. She was telling me about plans they had to showcase some amazing modernist works and were looking for suitable locations… Obviously it was Park Hill that came straight to my mind.

Park Hill - two of the show apartments to be specific - was ultimately chosen as the exhibition location and then the lovely Helen Kaplinsky won a competition to curate the show. She has selected some amazing works which look fantastic in a domestic apartment setting.

British Modern Remade is a fantastic opportunity to see some great British Modernism in one of Britain’s great Modernist buildings. The exhibition will run until 16th June and is free to view. Details of the public programme of tours and talks can be found on the Arts Council collection website.

Some tweets from the evening:

Read more about British Modern Remade:

- Design Week

- Sheffield Telegraph

- Yorkshire Post

Filed under: Park Hill, Tom Bloxham MBE, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

A dyed-in-the-street Londoner who becomes short-of-breath at the merest thought of spending time outside of my beloved Capital, I recently boarded a Bank Holiday train for a Bristol weekend with architect and man about town, George Ferguson. I arrived late afternoon and we spent the evening in lively conversational debate, over delicious dinner at No 1 Harbourside, before making a pit-stop at The Grain Barge and heading back to his place at the Tobacco Factory. There, I somehow absorbed my single malt nightcap whilst gleefully enjoying the even tipsier motion of his Spun Chair, a joyful piece of furniture and a perfect antidote to my own spins. I slept like a baby.

The new morning brought a hangover; a clear, blinding sun shone into this blind-free Loft … and far too early. But after shoehorning me into the day with tea and toast, George took us to see Ferguson Mann’s latest triumph, created for visionary developer Urban Splash.

Lakeshore, April 2012

Lakeshore is an architectural jewel that takes an arresting 1970s commercial structure seamlessly into a 21st Century, affordable, residential, urban dream-come-true. For this glittering building lies gracefully across a substantial lake colonised by fish and ducks, surrounded by woodlands, wild flowers, sloping meadows and even residents’ allotments glimpsed through tendrils of mature willow – all within ten minutes of the City centre.

Lakeshore’s architecture has been sculpted to accommodate over 600 apartments, conjoined by walkways of colour, astonishing perspectives, internal lawns and gorgeous graphics. Nothing has been left to chance.

Internally, the apartments are light, airy and – oh, the views. George has one set aside, so as to test-drive his own creation for at least three months. In which case he can comment also on the highly prized environmental engineering, of which Lakeshore is rightly very proud, for this is award-winning stuff.

In the era of my former PR business Forte Communication, a favourite client was the brilliant Patrick Bellew, founder of Atelier Ten, for over thirty years an environmental engineer - an influence and activist long before such things became either fashionable or deemed essential to a cleaner world.

For Lakeshore, Atelier Ten has created an environmental system that achieves an uncommon “excellent” Ecohomes rating. They have reached this by applying centuries old technology. A ground source heat pump system linked to geothermal boreholes provides heating and hot water to every apartment and the lake serves as a seasonal solar energy store: a system with more implicit common sense than any ill-conceived air conditioning systems could claim.

Lakeshore, Bristol

How do I know this? I confess an interest: I was involved in launching Atelier Ten’s role in Lakeshore when the team was put together some six years ago. Seeing the original concept finished in all its glorious concrete and glass, gives me am odd but so satisfying sense of completion. Urban Splash deserves medals for applying such clever technology way ahead of mainstream acceptance; it takes a rare developer to invest in genuine environmental integrity.

My colourful Bristol day continued apace, with delicious and friendly lunch at Zazu’s Kitchen in Clifton (Celeriac bisque with pesto and sourdough), after which we ventured dockside to tap our toes to crazy music from the Jazz Disaster boys. Then, aboard the Bristol Ferry, I was presented with layer upon layer of waterway-rich architectural narrative, revealing the evolution and history surrounding one of the UK’s most engaging and promising Cities.

Unusually for so many cities around the UK, Bristol has had the chutzpah to encourage the brilliantly articulated conversion of this former Imperial Tobacco HQ, giving those that prefer to live outside the centre somewhere beautiful to be. Well done, Bristol, Atelier Ten - but most of all, well done Urban Splash

[Ed. Thanks Giovanna! Read more from Giovanna Forte on shesmiddleagingdisgracefully.wordpress.com/]

Filed under: Lakeshore

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

Longlands, Stalybridge

I recently wrote a piece for Property Week magazine about the residential rental market in the UK. You can read it below…

Here are six reasons why residential is a good investment:

1) Over the last 100 years (or any long term period), the return on investment on residential property has been better than any other asset class including commercial property, equity or bonds.

2) Holding a portfolio of residential property persifies risk as each asset is relatively small. E.g. Urban Splash has in excess of 700 residential properties across our portfolio, less risky than one single big office tenant.

3) Individual, professional tenants (or customers as we like to call them) provide good covenants,which are checked with sophisticated credit checks. And even in hard times, people will make sacrifices in other areas to ensure that they can pay the rent. It’s ironic that student housing is relatively easy to fund but the underlying covenants are much weaker than tenants in employment.

4) The fundamental equation of supply and demand is very positive. The population is growing at a fast rate whereas house building is at its lowest since the 1920’s. More households are being created, but less homes being built.

5) Residential properties have long lives if they’re well maintained and little in built obsolescence. It’s hard to imagine the value of a 30 year old student housing block, supermarket or data centre not depreciating and requiring substantial remodelling but good quality residential property will last indefinitely.

6) Tenant demand is high. Factors such as high employment mobility, continued restrictions in the mortgage market plus the high transaction cost of buying (stamp duty, etc) encourages rentals. It takes the Urban Splash rentals team on average of just six days to re let a property and our mature portfolio is 97% full.

So if I’m right and it’s such a great investment why have we not seen more investment into residential property in the UK?

I believe this is why:

1) The legal structure surrounding landlords and tenants has only been in place since the Housing Act of 1988 - before that it was virtually impossible to let residential properties on a commercial basis. It’s an immature industry.

2) It’s a ‘mum and pop’ industry. Typical landlords own one or a handful of properties managed by a third party agents, some good, some bad  - many indifferent - giving rise to tales of bad experiences. Tenants don’t know how long they’ll be able to stay for and often even who owns their property. It’s not very professional and is very much like the student housing industry of 20 years ago before the likes of Unite professionalised it.

3) To succeed you need a passion about customer service. Customer service and management is more intensive in residential property than commercial but no more intensive than a number of other industries such as hotels, retail, nursing homes, etc.

4) There’s a perceived reputation risk in so far as you’re dealing with peoples’ houses. This simply requires really good management.

5) There’s a lack of trusted brands in the market and Urban Splash are trying to create a trusted residential brand. When people rent an apartment from us we are the landlord, the building manager, the customer service contact…

6) The yield is low, anywhere between 3 and 10% gross and you do need to allow realistically 30% to cover landlord service charge and management costs, but historically it has proved to still be the best hedge against inflation of any other asset class.

Saxton, Leeds

I hope that the fundamentals are so strong that the tide is turning and, as we’ve seen institutional investment increase in student housing, we’ll see it in the private rented sector too. I hope that Urban Splash can play a part in this which in time will release capital to build more much needed homes.

Filed under: Tom Bloxham MBE, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

1 comments to If investment in the residential rental market is as safe as houses why aren't there more investors?

  1. Paul Niklas says:

    This is a fantastic piece and not one part of it can be debated, our own management company is based on all of these principles and it is so refreshing to see a private Landlord of this size adopting these principles.

    Well done to Tom Bloxham and his business Urban splash.

Join us for our RIBA book launch

April 19th, 2012 [ No comments ] [ Add comment ]
by Tom Bloxham MBE

bookblog

I’m looking forward to our event this evening at the RIBA Hub in Manchester, when we’ll be officially launching our new book to the city.

Myself and Jonathan Falkingham wrote the book as a reflection on the last 20 years we’ve spent transforming the fortunes of rundown buildings in cities around the country. I’ll be giving a brief talk this evening on that journey and would love for you to come along and hear it.

Joining me is Stephen Hodder, a trustee of the RIBA, who’ll also be giving a few words about architecture in Manchester and beyond.

If you’ve not yet registered but do want to come along to the event, which starts at 6pm, just drop us a line. Directions and details of the RIBA Hub can be found here.

Read what the Times had to say about our book in their full page review

Filed under: Tom Bloxham MBE, Transformation: Our Book, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

Transformation in The Times, Saturday 7 April 2012

It was great to read Marcus Binney’s piece about Urban Splash in The Times this week.

He was very complimentary about us after reading our book Transformation, of which we sent him a preview copy.

You can read the article below:

When it comes to rescuing the great industrial landmarks of the past, Urban Splash is in a class of its own. It has tackled Fort Dunlop in Birmingham, familiar to every motorist on the M6, the Victorian Manningham Mills standing proudly on the skyline at Bradford, and the great limestone and granite warehouses of the Royal William Victualing Yard which has views up Plymouth Sound.

These vast buildings were standing empty and decaying before Tom Bloxham and his partner Jonathan Falkingham transformed them into hundreds of smart apartments with modern kitchens and bathrooms.

In a new book Transformation: Urban Splash they are candid about their (near) failures as well as successes. Bloxham explains: “I came to Manchester aged 19 to study politics. To earn some cash I started selling posters in the Student Union. But when I wanted a shop I found no one was interested in people like me. So I rented a unit in an indoor market. Then I took a couple of floors in Oldham Street and ended up earning more money by sub-letting space than by selling posters.”

He began with a watering hole, the Baa Bar in Liverpool’s derelict Roperies and went on to transform seedy streets of old warehouses with Liverpool’s first pavement cafes.

Falkingham adds: “Loft apartments had been given great exposure through Hollywood blockbusters like Bladerunner alongside ads such as the Halifax’s ‘Easy like Sunday morning’.”

Together they set about selling a lifestyle based on “the raw architecture of exposed Victorian brick walls, ornate stone window surrounds, heavily detailed cast-iron windows, complemented with minimal well-designed interiors”.

Next it was Manchester. Bloxham says: “When we started, mills and warehouses were being demolished to provide surface car parking on the simplistic premise that this was the only viable thing to do. These great buildings were simply not valued economically or in heritage terms.” They took on the Smithfield Building, formerly the Affleck & Brown department store known as the “Harrods of the North”, and transformed it into 81 loft apartments and 21 retail units.

The key to their success was to work with the Government regional development agencies which had funds for regeneration and enabled them to tackle very large buildings.

The Royal William Yard had been entrusted to a development corporation which could not grasp that people would queue up to live in apartments in grand Regency warehouses with sea views. Valuable time was wasted in fighting English Heritage over the colour of the slates to be used for reroofing, and trying to create a discount retail outlet even though the yard was as far from the motorway as you can be in Plymouth.

Bloxham was called in as a last resort. He says: “My first thought was that these were anything but problem buildings. I could certainly have shown them some real ones in Manchester.” The first set of apartments to go on sale all sold off plan in a weekend. Photographed across a sparkling blue sea, the Royal William Yard looked as ravishing as Venice.

Manningham Mills in Bradford looked a lost cause after the Bradford riots of 2001 ravaged nearby streets. But Urban Splash was not deterred and set about creating 300 apartments. When the mills were completed in the 1860s the directors had sat down for dinner in the top of the campanile-style chimney.

Now the architect David Morley has created futuristic aluminium-clad penthouses on the roof. “The idea is to take advantage of views over the city to the hills beyond and to transform the building into a beacon visible from afar,” Morley says. But though many apartments are now occupied the pods have been caught by the recession and await a fit-out.

Bloxham reflects: “We’ve had to suffer setbacks, been unable to save some of the buildings we wanted to save, and probably came within a whisper of going bust after the collapse of Lehman Brothers and the banking crisis that followed.”

It’s all a matter of timing. With the Royal William Yard, Urban Splash hit a rising market. By contrast, says Bloxham, Oliver Hill’s famous Midland Hotel in Morecambe “was a bad financial move for us, we finished it just as the recession kicked in”. But it’s open and operating and “seaside chic is back in vogue,” Bloxham says.

Another bold venture was to take on 350 derelict “Coronation Street” houses in Salford, now transformed into Chimney Pot Park by shedkm architects. Bloxham explains: “The back alleys were a real problem. So we inverted the layout, putting living rooms on the first floor open to the roof timbers, and creating garden decks over the back alleys with parking beneath.”

In the present market apartments are becoming harder to sell. “People are more mobile, and change their jobs more often,” Bloxham says. “Stamp duty is rising and so they are more likely to rent. The UK lettings market is very unsophisticated, dominated by individuals running buy-to-lets part-time. It was the same with student letting but just as that has attracted professionalism we want to lead on lets.”

He believes that the next opportunity will be in improving “unloved and unpopular housing estates” such as the notorious Modernist estate at Park Hill in Sheffield.

They have led the way with towers of ex-council flats, three in Manchester and two in Leeds. “They were unloved and stigmatised but structurally sound, on the edge of the city with great views. First-time buyers had been priced out of the city centre and we were able to bring back affordability,” Falkingham says. Bloxham adds: “I learnt early on in life the only way I’d make a success of myself was to surround myself with people cleverer and wiser than me.”

Nonetheless, the boldness is his, matched by an ability to imagine the finished product and to sell the dream to others.

Read the full article on The Times’ website (requires subscription)

Transformation is available in bookshops now and you can order your copy directly from RIBA.

Filed under: Tom Bloxham MBE, Transformation: Our Book, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

My afternoon at TEDx Manchester

March 17th, 2012 [ 2 comments ] [ Add comment ]
by Tom Bloxham MBE

Recently I spoke at TEDx Manchester about the (many) mistakes I’ve made…

It would have been a very long talk if it had been a comprehensive look at my errors, but thankfully I managed to keep in my allocated time and present a look back at my Urban Splash story (which you can see here).

The subject matter made me think that its actually quite easy to go through life without ever making a mistake by never making a decision… But if you did, life wouldn’t be very interesting.

Fortunately for me, I’ve been lucky enough to make lots of decisions; be it investing my first student grant in records which I’d then resell (unsuccessfully), to doing the same with posters, to opening a bar, a night club and a radio station through to what I do now - developing old buildings. I’ve been lucky enough to have worked on some fantastic developments in Manchester, Liverpool, Birmingham, Bristol, Plymouth, Leeds, Bradford and Morecambe.

I’ve had my fair share of luck and hopefully the projects we’ve built to date bear testament to our getting out there and making a difference.

Urban Splash projects - Before and After

I’ve made many mistakes in all of this but what I’ve learnt is if you have a passion or project that you believe in don’t worry too much about waiting until you can do everything perfectly otherwise you’ll do nothing, don’t be afraid of making the odd mistake and in the words of ‘Nike’ “Just do it…”

I hope you enjoy watching this TEDx talk…

Filed under: Tom Bloxham MBE, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

2 comments to My afternoon at TEDx Manchester

  1. RalfLippold says:

    Excellent TEDx speech Tom. Most encouraging to bring http://dresdenlabs.de in Dresden to life as an innovation accelerator & citizen hub into being. The presentation of your colleague back in spring 2009 here in Dresden at Deutsches Hygienemuseum was not just thrilling, it sparked a fire inside me :-)

    Cheers from Dresden, Germany
    Ralf

  2. Maurice Conroy says:

    Dear Mr Bloxham,

    Great! Mistakes are definitely what make us.
    There is too much emphasis on so-called
    success these days whereas more exploration
    of how failing can propel us down different
    avenues should be encouraged.

    Best wishes, kind regards,

    Maurice

Tom Bloxham, Urban Splash Chairman

Today I wrote a piece for the Architects Journal on the top tips to getting the most out of MIPIM. You can read the piece below.

Tom’s top 10 tips for making the most of MIPIM 2012

Urban Splash co-founder Tom Bloxham delivers his ten top tips on how to get the most out of MIPIM…

(1) Enjoy yourself! Often the best contacts come from chance encounters and unexpected meetings.

(2) Pace yourself by planning meetings with people you definitely want to meet beforehand, but don’t cram your diary too much.

(3) Pick maybe three or four people who you want to spend quality time with, grab lunch for two on the beach and create long lasting business relationships.

(4) Pace your drinking. Perhaps more important than point (2)! Drink plenty of water, there’s a work hard/play hard balance in Cannes.

(5) Don’t forget your sandals, shades and hat. Its a fun, informal affair, dress relaxed and you’ll enjoy it more!

(6) Grab a cheeky weekend skiing at either end of MIPIM, the South of France has more to offer than just La Croissette!

(7) If skiing isn’t for you, explore the surrounding countryside or maybe the Fondation MAEGHT.

(8) Go for a paddle! The sea isn’t just for the yachts! Take in some of the calming waters while you’re at MIPIM.

(9) Make sure you get an invitation to all of the best parties, again they’re a great place to meet contacts.

(10) Make sure your primary objective is to come home with a fistful of business cards! And you must, must follow up on every single one of them when you get home.

Filed under: Tom Bloxham MBE, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

What’s Living in Lakeshore?

January 20th, 2012 [ No comments ] [ Add comment ]
by James Howard

201011

As the dredging, clearing and general renovation nears completion, the pontoon settles in place and the ducks have taken to their new home. The exciting final stage of Lakeshore’s lake restoration is about to begin with the introduction of the fish.

Whilst most homes are content with a small garden pond, the residents at Lakeshore can enjoy a 10,500 m2 lake in their garden, with a pontoon for romantic midnight strolls or in the case of the fishing club, a place to sit and whittle away lazy afternoons.

The manmade lake runs underneath the whole property allowing each apartment, with its floor to ceiling windows, a different view of the weeping willow lined lake and the huge variety of wildlife living off it. The Pigeonhouse stream runs through the site, which is actually part of the Crox Bottom Site of Nature and Conservation Interest, and keeps the lake constantly fresh and full.

There are as many creatures living on top of the lake as there are living in it, with two natural islands for nesting, along with the new manmade duck island complete with stylish duck huts. The fishing club will be pleased to hear that a large variety of native coarse fish are being delivered soon and the lake will be filled with breeds such as roach, carp, tench, perch and of course the family favourite goldfish.

In addition to the fish and ducks, birds such as robins, wrens, kingfisher, mallards and moorhen been spotted flying amongst the trees, we even had a flying visit from a heron the other day. A new family of frogs from the Rana Temporaria breed join the Bufo Bufo toads to live happily in Lakeshore’s lake amongst the sweet grass reeds, water mint and water dropwort.

Filed under: Bristol, Lakeshore, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

Mince pies, mulled wine, Merry Christmas

December 16th, 2011 [ No comments ] [ Add comment ]
by Nicola Wallis

Despite a chill in the air (and a bit of rain!) a great crowd of our own residents, clients and other guests joined us to celebrate the completion of Pattern House last night at Longlands in Stalybridge.

After talks from our Chairman Tom Bloxham and Deborah McLaughlin, executive director at the Homes and Communities Agency North West, guests were taken on a tour of the development and latest show apartments in The Mill and Pattern House.

With mulled wine and mince pies aplenty - we then went down to the recently landscaped gardens which stand beautifully by the river bank. There, we gathered around a Christmas tree and enjoyed a selection of Christmas classics played by the Stalybridge Old Band - which got us in the festive spirit!

It was a great night! If you missed out, we would be delighted to show you around the show apartments in both Pattern House and the Mill. Just call our residential consultant Ellie Marsh who’s based there Tuesdays to Saturdays on 0161 850 0196. We’ve still got some homes left at Pattern House, where prices start at just £50,000 for a 50% share through a Government backed shared ownership scheme.

Filed under: Longlands, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

Put your hand up for an inner city school

December 15th, 2011 [ No comments ] [ Add comment ]
by Tom Bloxham MBE

081211

Over 20 years ago when I started with the idea that people might want to live in Manchester and Liverpool city centres most people thought I was mad (many of those have not changed their opinion in the last 20 years either).

Everyone said no one wants to live in inner cities mainly because they thought that no one else lived there and there wouldn’t be anywhere to buy a loaf of bread. Today we’ve seen a huge change with hundreds of thousands of people living in city centres.

In Manchester, areas that were once desolate at night are now full of life and people. And it seems on every street corned there’s a deli, a corner shop or supermarket (many open 24/7!).

However 20 years on, one thing that is still missing is good city centre primary schools. Manchester is quite a good place to live if you’ve got kids of high school age because its surrounded by great secondary schools and older kids can take empty buses heading out of the city against the rush hours. But its much more problematic for primary school kids.

Cities are richer for their diversity. The best cities are not only full of young people but also full of kids and grandparents. To most people its obvious that the biggest single driver for housing choice for people with younger kids is schools so if you want to help regenerate city centres – in particular, Manchester city centre, let’s call for a bit of joined up thinking and get some great primary schools open in it.

Unfortunately I’ve been shouting this same rhetoric for the last 20 years without much success, now however I think things are changing. In New Islington just north of the city centre, we hope to start a new free school in partnership with The Manchester Grammar School (one of the country’s leading academic school) and Manchester City Council. It will be free, open to all, but priority will be given to people living close by. Its part of the Government free school initiative. It will appeal to residents both in East Manchester and the centre.

I think that this would be a great addition to New Islington; we’ve already got flats and houses, a health centre, narrowboats, a water park and a great environment. Coming soon will be the Metrolink, dozens more family houses with gardens, a bridge link to Ancoats Urban Village and hopefully a new school.

To make this happen we need to tell the Government that there’s support for it. So, if you’re interested in sending your children here, click on this link to express your interest and show your support.

To read more about the New Islington School:
- Manchester Evening News
- BBC News
- Read the MGS press release

Filed under: Tom Bloxham MBE, Urban Splash

Contribute to the Urban Splash blog. Email blog@urbansplash.co.uk

 1  / 2  / 3  / 4  / 5  /» ...  Last »  /