Project Azure
Ground-Up New Build
53 high-specification residential units (47 premium apartments, 6 townhouses) located on Rowlands Road.
ExecutionGround-Up Construction
SustainabilityEPC A/B Rated
Worthing Town Centre (BN11)
The BN11 Regeneration
Portfolio
An exclusive opportunity for a Tier-1 institutional residential fund to secure a turnkey block-acquisition of a dominant 107-unit Build-to-Rent (BTR) portfolio in a highly constrained coastal market.
Target Stabilized Value
£45.0M+
Total Scale
107 Units
+ 50k sq ft Commercial
Target Stabilized NOI
£2.54M
Per Annum
Target Gross Yield
5.66%
Blended BTR Return
Portfolio Composition
Aggregating two adjacent, shovel-ready town-centre sites to deliver immediate institutional scale and defense against open-market retail sales risk.
Montague Quarter
Airspace Development
54 premium residential apartments constructed in the upper airspace and repurposed floors of a landmark commercial arcade.
ExecutionAirspace / Repurpose
MethodologyOff-Site Volumetric (MMC)
The Commercial Anchor
A ~50,000 sq ft ground-floor retail arcade anchored by national covenants. Generates massive yield-expansion potential upon the integration of the 107 residential units above.
Baseline Income£440,000 p.a.
Eliminating Execution Risk
Veridian Holdings has removed traditional main-contractor execution risk by deploying a specialized, tier-1 delivery matrix designed specifically to insulate institutional capital.
“Trade procurement is governed by Tier-1 Employer's Agents under a Wrapped Construction Management framework. This legally enforces a hard ceiling on Total Development Cost.”
Off-Site Volumetric (MMC)
Airspace units at Montague are delivered via Modern Methods of Construction (MMC). This ensures rapid installation, enhanced thermal performance, and zero acoustic disruption to the live commercial tenants below.
Guaranteed Maximum Price (GMP)
Contracts are strictly capped. This heavily insulated procurement model completely protects the forward-funding partner from CapEx inflation and material supply chain volatility.
The Execution Model
Track A: Forward-Funding Exit
Seeking expressions of interest from core-plus and value-add institutional funds for a stabilized turnkey block purchase.
Turnkey Block Purchase
The Fund commits to a turnkey acquisition of the consolidated £45.0M portfolio upon Practical Completion (18-24 months), securing the asset at a fixed forward yield.
Milestone Drawdowns
Capital is deployed efficiently. The Fund draws down construction costs directly against certified monthly QS milestones, structurally eliminating developer sales-void risk.
Tenant Stabilization
Veridian Holdings executes the master-leasing placement and initial tenant stabilization prior to final handover, ensuring the delivery of a fully-yielding asset on Day 1.