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The Major Developers Group

2. Introduction. The Major Developers Group

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The Major Developers Group

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    1. The Major Developers Group

    2. 2

    3. 3 UK Economy Enters Recession

    4. 4 Job Numbers Falling

    5. 5 Yields to rise further

    6. 6 …and Capital Values to Decline

    7. 7 Recession Unprecedented decline in values No new starts in commercial Housing 30,000/50,000 units??? No bank or housing finance Share prices halved at best No understanding yet of when the market will bottom out or finance will be available Inflation has taken us out of problems for years, deflation will highlight them

    8. 8 Planning Planning process needs change from adversarial to cooperative Need joined up approach with Government and Local Authorities Killian Pretty Review helpful Free up the system – 60 years, 944 documents, 800 pages of policy More understanding from developers and more planning personnel required Bring certainty to CIL and 106s Major Developers Group experience is that 80% of organisations involved agree the criteria required

    9. 9 Construction No more wow factor wiggly wobbly architecture with strange shapes Austerity in the past produced ingenious designs Building inventiveness to move from Roman style to the modern era of construction with functionality driving productivity based on high quality engineering solutions Less red tape, proper time to plan building construction rather than last minute Less waste, better design, more efficient construction logistics and value engineering = 30% cost saving

    10. 10 Commercial Better product at lower cost Cost pressures/quality of life issues likely to direct more building to regional hubs Transport infrastructure and development coordinated to reduce costs and travel – people working in clusters with no more urban deserts Village Green with civic and mixed use buildings

    11. 11 Process More competition to improve quality Increased civic pride to drive social and economic change Maintain housing construction capacity and experience Sustainability through innovation not just rules but a system to encourage new ideas

    12. 12 Housing Need to have housing land surplus not deficit to avoid recurrence of overpriced land Put earnings into GDP not land Certainty of housing Guaranteed delivery Wider market supply (commercial developers, innovators, as well as house builders)

    13. 13 Conclusion Government will need to finance infrastructure projects and maintain the housing supply chain Partnership between Local Authorities and developers needed to improve quality and reduce cost of process Innovation required to produce better product at lower cost

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