KATE IVES WATES RESIDENTIAL (LONDON & SOUTH)

We are in the business of building homes for Britain. Our heritage is in house building, spanning 120 years of delivery. We are a triple bottom line investor, who develops and builds homes throughout London and the South. Our approach is one of partnership, working with Local Authorities and Housing Associations to unlock housing sites using our multi-disciplinary skills from building to selling. We are positive change makers, bringing value to the people and communities within which we work.

WHO WE ARE AND WHAT DRIVES US Triple bottom line investor Alignment of interests with public sector Flexible model risk and reward model ‘One stop shop’ for housing delivery 50% Contractor and 50% Developer Above and beyond mentality

WHAT WE ARE DELIVERING ERITH PARK, BEXLEY (887 HOMES) Wates fund, build and sell homes Orbit own and manage affordable homes Phase 3 planning submission Q1 / 2018 35% local labour 55 apprenticehips to date

WHAT WE ARE DELIVERING ABBEY AREA REGENERATION, CAMDEN 141 homes / Build value of £53.0m £1.2k spent supporting Abbey Road Housing Corporation fun day Gardening & painting project £5k £2.1k Legoland day out for disadvantaged children £164k training local people

WHAT WE ARE DELIVERING CARDIFF LIVING (1,500 HOMES) Wates fund, build and sell private homes Cardiff own and manage affordable homes Difficult sites requiring flexible approach Started on site June 2017

WHAT WE ARE DELIVERING DAEDALUS WATERFRONT (200 HOMES) HCA partnering - investing in enabling works Wates fund, build and sell Returns to HCA and Wates from sales Quick two-year build and sell 18 new jobs / 14 apprenticeships Building futures - 18 new CSCS trainee’s

WHAT DO WE LOOK FOR? Alignment of interests Strong domestic demand Place making and value add Expertise from our partners Mixed tenure, community building Opportunity for improving pace of delivery

WHAT ARE THE CHALLENGES? Having a shared vision Communication with all stakeholders Keeping pace – policy and politics Creatively responding to market risk Whole team responsibility for cost control and inflation risk Trust based relationships

HOW WE CAN HELP DELIVER MORE ‘What you see is what you get!’ More JVs or partnership DA’s Collaborate with planners and politicians – we are all in this together Flex our return profile Strong design and cost planner relationship Focus on building for local people, regardless of tenure Keep it simple!

Wates Residential will create places that leave a lasting legacy for people and communities. We will invest our capital in places where we can create environmental, social and economic benefits for the people and communities within which we work. Homes for Local Communities - Homes for Britain