Greystar Development & Construction

21st March 2019 | Mandisa Khabo Senior Estate Manager

Greystar Development & ConstructionModular Goes Vertical

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The image area is modular. You may divide this space to feature 1-4 photos. We recommend against using more than 4 images as it becomes visually cluttered.

Greystar’s ApproachWhy Modular ?

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The image area is modular. We recommend no more than 3 photos be used in the image area. Using a max of 3 provides enough variety of photo type while differentiating Section Divider from Cover.

GREYSTAR: THE GLOBAL LEADER IN RENTAL HOUSING™

What is Modular Construction?

“Modular construction is a process in which a building is constructed off-site, under controlled plant conditions, using the same materials and designing to the same codes and standards as conventionally built facilities – but in about half the time. Buildings are produced in “modules” that when put together on site, reflect the identical design intent and specifications of the most sophisticated site-built facility – without compromise”.

Source: Modular Building Institute (MBI)


Modular Construction Sequence


Incentives for Modular / Off site Construction‘For sale’ housing:

‘Rental’ housing:• Speed of construction is valuable

• Single investor in whole building

• Once design complete, should not change between homes

• Consistency of quality control – fittings and finishes, incl. maintenance

• History in student / hotel uses

• Speed of delivery not usually critical

• New homes sold to individual buyers, who are responsible for maintenance

• Design changes may be applied late in process

• Quality control may be inconsistent, but can be dealt with individually


Programme Benefits

Planning & Concept Design

Developed Design

Procurement On Site Construction

Traditional Construction

Modular Construction

• Potential savings of up to 50% on construction programme, however,• Decision to proceed with modular needs to be made early to fix design for manufacture and book factory slot• Subsequent design changes can have significant cost and programme impacts

Planning & Concept Design

Developed Design

ProcurementFactory Module

Production

On Site Construction


Build to Rent | Key Priorities

Key Priorities

▪ Efficient planning process

▪ Speed of construction

▪ Construction cost (and cost certainty)

▪ Design – consistency

▪ Availability of contractors

▪ Availability of site trades and skills

▪ Quality control – consistency of results

▪ Ease of leasing

▪ Efficiency of operation – management & maintenance

▪ Impact on the environment for residents, including placemaking and the wider community


Other modular benefits◼ Higher quality of finish, and ‘right first time’

◼ Delivery certainty enhanced for first homes (before overall PC), allowing earlier leasing

◼ Increased NIA due to slender walls / no columns (without lesser acoustic performance)

◼ Stable environment for factory labour force –location, training, travel, etc.

◼ Better energy efficiency

◼ Enhanced environmental benefits for site activities:

— Reduced on-site energy use

— Reduced construction site labour

— Reduced on-site materials waste

— Reduced deliveries & vehicle movements

◼ Improved placemaking and early resident experience

Concerns and risk management◼ Procurement structure

— Risk & responsibility allocation for design and construction phases

— Collateral warranties

— Insurances & product guarantees

— Legal title risk, and vesting certificates for materials off-site

◼ Stability & capacity of modular industry

◼ Project cashflow more front-loaded –payment terms and advance payment structure to facilitate this

Modular Considerations

Our Experience UK Modular Projects

4.6”x7.95”

2.25”x3.95”

2.25”x3.95”

The image area is modular. We recommend no more than 3 photos be used in the image area. Using a max of 3 provides enough variety of photo type while differentiating Section Divider from Cover.


Chapter Lewisham, London

Project TeamEmployer: Greystar (GS Sherwood Court Trustees)

Employer’s Agent: Box Clever Consulting Ltd

Architect: Weston Williamson

Structural Engineer: Barrett Mahony

Contractor: Tide Construction Ltd

Project DetailsGross Floor Area: 12,683m2

Start date: October 2015

Completion date: August 2016

Programme: 11 months

Key Features• Volumetric Modular Construction

• 611 Student Beds

• Ground + Two 11 storey towers

• Student Fitness Suite + External Amenity Space

• 6,000 ft2 Commercial space


Chapter White City, London

Project TeamFunder: Greystar (GS Savoy Circus Trustees)Developer: Optiva Ventures LtdEmployer’s Agent: Capita Property & Infrastructure LtdArchitect: HTA Design LLPStructural Engineer: Barrett MahonyContractor: Tide Construction Ltd


Start date: December 2016Completion date: May 2018Programme: 17 months

Key Features• Volumetric Modular Construction• 306 Student Beds• 2 Level Basement +6 / 7 storeys• Student Meeting and amenity Spaces• Cafe


Chapter Highbury II, London

Project TeamEmployer: Greystar (GS Holloway Road Trustees)Development Manager: Greystar Europe Holdings LtdEmployer’s Agent: Stace LLPArchitect: HTA Design LLPStructural Engineer: Buro HappoldContractor: Tide Construction Ltd


Start date: October 2017Completion date: August 2018Programme: 11 months

Key Features• Volumetric Modular Construction• Constructed adjacent to Holloway Rd

Underground Station• 257 Student Beds• Ground, Mezz + 11 storeys• Student Meeting and amenity Spaces• Commercial Space at Ground Floor


Block 5 Greenford Quay, Ealing

Project TeamEmployer: Greystar (Greenford B5 Unit Trust)Development Manager: Greystar Europe Holdings LtdEmployer’s Agent: Tower Eight LimitedArchitect: HTA Design LLPStructural Engineer: MeinhardtContractor: Tide Construction Ltd


Start date: July 2018Completion date: January 2020 (forecast)Programme: 18 months

Key Features• Volumetric Modular Construction• 379 Multifamily apartments• Ground, part 6 storey + part 14 storey tower• Residents Amenity spaces at GF, Mezz & Sky lounge• Commercial Units at Ground Floor• Parking & cycle storage at LGF and GF


George Street, Croydon

Project TeamFunder: Greystar (GS George Street Trustees)Developer: George Street Developments LtdEmployer’s Agent: Capita Property & Infrastructure LtdArchitect: HTA Design LLPStructural Engineer: Barrett MahonyContractor: Tide Construction Ltd


Start date: January 2018Completion date: May 2020 (forecast)Programme: 28 months

Key Features• Volumetric Modular Construction• 546 Multifamily apartments• Basement, Ground + 38 storey tower + 44 storey tower• Residents Amenity spaces at GF, Mezz & Sky lounges• Commercial Unit at Ground Floor• Parking & cycle storage in Basement


Why Modular at Greystar ?

1. Efficient planning process

2. Design – consistency

3. Enhanced environmental benefits

4. Speed of construction

5. Improved placemaking and early resident

6. Efficiency of operation – management & maintenance

Greystar Development & Construction

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