YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Y:Cube – if you’re part of the solution… Simon Tanner:

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Presentation transcript:

YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Y:Cube – if you’re part of the solution… Simon Tanner: Head of Development; Y:Cube

The need meets the opportunity Let’s step back in time Our need: affordable, good quality move on accommodation Serendipity: RSHP, SIG & the £60k house Inspiration: volumetric off-site construction Opportunity: the creative spark was lit Creativity: coming together of the need and the opportunity - Y:Cube was born

What is Y:Cube? Y:Cube offers Affordable, move-on accommodation for single people High quality design delivered by world renowned architects Sustainable in its design and with a 60 year design life Scalable, able to be replicated in both design and delivery Y:Cube is A YMCA product (LSW own the IP with YMCA England) A YMCA signature project High profile and in demand

What is a Y:Cube?

Why Volumetric building? Speed – Five months to build Cost – c£50k per cube – c15% less waste of materials – Labour, process, speed Quality – Factory conditions – BOPAS Certified Performance – Energy and acoustically efficient – 60 year design life – deployable

© YMCA YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Y:Cube – Mitcham 2014Presentation title6

Y:Cube Mitcham Prototype at Wimbledon – design, test, refine Source funding Land acquisition Planning and consultation Commence building – March 2015 Official opening – 8 th September 2015 Now at full occupancy

Y:Cube – hope becomes a home

Y:Cube Mitcham: inside & out

Y:Cube Mitcham – in numbers 37 units 26m 2 36 for residential use £2.2m total build cost including land 12 year payback c£53k per cube 50:50 nomination rights with Merton Council 65% market rent (£148pw) £10pm to run

© YMCA YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE The Y:Cube Venture 2014Presentation title12

Y:Cube – challenges & drivers The challenge we faced: Take advantage of the interest and momentum we had established from all quarters Share the benefit of our experiences To increase the availability of affordable accommodation, not just in our patch, thereby meeting the Association’s vision and mission Develop a viable, credible business

The Venture: Structure

© YMCA YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Y:Cube – Flexible Potential 2014Presentation title15

Potential Enormous potential for Y:Cube - move on; young people; elderly; learning difficulties Provides great quality, affordable and sustainable homes, delivered quickly. Other analogous products now being developed using the same construction methods as Y:Cube:  Y:Homes – a two or three bed version,  Y:Space – a bespoke community or youth facility

A flexible solution A couple of live examples SW London & central London clients A) Old community centre Shortage of affordable housing Viable solution #1… B) Constrained site – huge need A viable solution #2…

A flexible solution

Y:Home (2 bed unit)

Y:Home (alternative 2 bed unit)

© YMCA YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Conclusion 2014Presentation title23

Summary

YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE