Case Study

Home X

Brighton

Selling new-build property

CLIENT
Optivo

CLIENT INDUSTRY
Residential Development

SERVICES PROVIDED
Residential Development Sales Consultancy and Agency

LOCATION
Brighton, BN2

SIZE/VALUE
Average £540 per sq ft
c.£40 million GDV

DIVISION INVOLVED
Residential Development Sales

DATE
2019-2022

A newly created neighbourhood for Brighton of 365 apartments.  As part of the Lewes Road regeneration, this new community will deliver studio, one and two bedroom apartments, residents amenities and associated commercial uses.

WHAT WE DID
Following disposal of the development to Optivo, Savills were subsequently reinstructed and worked with the client to formulate a sales and marketing strategy for the private units at the development (124 units).  This included branding and marketing consultancy and working with the client in selecting preferred agencies for marketing services.

Savills are now managing the ongoing private unit sales with a dedicated member of staff based in the marketing suite.

CHALLENGES OVERCOME
Due to the location of Phase One of the site, raising awareness during ongoing construction was a key obstacle.  Compelling way finding, signage and hoarding was key to attracting footfall to the marketing suite.

As a new residential neighbourhood in a predominantly commercial/student area placemaking and marketing messaging was key to showcasing value to buyers.

 

Savills have been an integral part of the sales and marketing team since purchase of the site and has helped us with the sales rate at this development

Rich Login, Sales Director

Related Services

Buying or Selling

Buying a New-Build Home

From pied-à-terres and city apartments to rural and seaside retreats, we are best placed to help you find and secure your ideal new home. The advantages of new-build property include a 10-year warranty, chain-free purchase, low maintenance and energy efficiency.

Development

Buying & Selling Development Land and Opportunities

If you have land that can be developed, you need an expert at your shoulder, advising on your entitlements, options and procedures. With development consultants working across the UK, Savills has built enviable expertise in selling and buying land for new projects, then turning potential into real development opportunities. In addition to buying and selling we provide consultancy guidance, transactional support and market appraisals.

Development

Development Consultancy

We cover all property sectors, with specialists in residential, commercial, mixed use and strategic land projects, serving the interests of land owners, property companies, registered providers, house builders, Sovereign Wealth Funds REITs and funds.

Finance

Finance

Whether investing in a home, buy-to-let property or a portfolio of assets, our dedicated teams cover all areas of financial advice, helping clients to make intelligent decisions based on market and sector insights.

Planning

Planning

Any transaction involving land or buildings is shaped by planning. Expert guidance can make all the difference in establishing the best achievable permissions. A site's value and viability can depend on it.

Letting or Renting

Residential Development Lettings

If you are considering buying or already own a buy-to-let property within a new-build development, Savills has the expertise and specialist service to assist clients. Our residential development lettings team creates a single point of contact to help with lettings and management, interior design and furnishing.

Valuation

Residential Valuation

Our dedicated residential valuation team of over 50 registered valuers, with local specialism covering all major centres across the UK. 

Development

Retirement Living

Working on behalf of investors of commercial real estate, we represent clients at all stages of the transaction process, from opportunity sourcing to due diligence.