YMCA LONDON SOUTH WEST MERTON KINGSTON RICHMOND WANDSWORTH

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 £ 60 k 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£ 50 k per cube – c 15% less waste of materials – Labour, process, speed • Quality – Factory conditions – BOPAS Certified • Performance – Energy and acoustically efficient – 60 year design life – deployable

YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Y: Cube – Mitcham 2014 Presentation title © YMCA 6

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

YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE The Y: Cube Venture Presentation title 1 2 © YMCA 2014

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 Client works through YMCA LSW, but has a direct contractual relationship with all providers Client YMCA LSW manages the client relationship and oversees delivery of the project Each supplier has a direct contract with the client; taking responsibility for their specific role YMCA LSW Construction Partner Aecom RSHP

YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Y: Cube – Flexible Potential Presentation title 1 5 © YMCA 2014

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: ØY: Homes – a two or three bed version, ØY: 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

A flexible solution

A flexible solution

Y: Home (2 bed unit)

Y: Home (alternative 2 bed unit)

YMCA LONDON SOUTH WEST MERTON / KINGSTON / RICHMOND / WANDSWORTH / HAMMERSMITH & FULHAM / ELMBRIDGE Conclusion Presentation title 2 3 © YMCA 2014

Summary Momentum Established High quality Product Collateral benefit for YMCA LSW Demand exists Y: Cube Stakeholder support Viable Business opportunity Robust structure Credible business partners

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