Dolphin Living makes acquisition of 68 new homes as part of 333 Kingsland Road re-development

Dolphin Living makes acquisition of 68 new homes as part of 333 Kingsland Road re-development

Today we have announced the purchase of 68 residential units at 333 Kingsland Road from Downham Road Ltd., a joint venture between Thornsett and the Benyon Estate.  The announcement follows the recent issuing of planning permission by the London Borough of Hackney, following endorsement by the Mayor of London, Sadiq Khan, to re-develop the former Kingsland Fire Station to provide a mixed use development. The site was previously owned by the London Fire and Emergency Planning Authority (LFEPA) who decided to sell the site as surplus to operational requirements.  The wider development, contained within a scheme of 12 storeys across the 0.2123 hectare site, comprises 68 new homes in a range of 1, 2 and 3 bed apartments above a new free school, and a 298m2 commercial unit. In line with our charitable objectives we have decided to voluntarily make available half of the 68 homes as intermediate rental homes for working Londoners on modest salaries.  This acquisition strengthens our offering of affordable rental homes for working Londoners within the Borough of Hackney, and further demonstrates our commitment to deliver 1,000 homes by 2020. Each intermediate rental home will be targeted to working Londoners on low to middle incomes who are finding it increasingly difficult to find a quality homes close to their workplace.  Olivia Harris, Chief Executive, comments: I am pleased to confirm Dolphin Living’s acquisition of the proposed 68 new homes as part of the re-development of the former Kingsland fire station to provide more homes within Hackney for working Londoners. Our commitment and charitable objectives are to provide affordable rental homes to working Londoners who are becoming increasingly...
Dolphin Living raises £24.7 million through Retail Charity Bond issue

Dolphin Living raises £24.7 million through Retail Charity Bond issue

Dolphin Living has raised £24.7m through the offer of a retail charity bond, the proceeds of which will be used to invest in the growth of its London portfolio, including the existing pipeline of 196 homes under development. The bond offered a fixed interest payment of 4.25% per annum until 6 July 2026, payable twice yearly. Launched on the 21 June, the offer closed within 24 hours, reflecting the strength of demand from investors for individuals and organisations who create social benefit. The bond was launched by Retail Charity Bonds, a special purpose issuing vehicle created and managed by Allia, a charity that supports impact entrepreneurs and ventures. Olivia Harris, Chief Executive, comments: “Closing this bond within 24 hours of launch, having raised our target amount, is a strong endorsement of the Dolphin business and vision and will further support our strategic target of providing 1,000 affordable rental homes in the capital by 2020. London is a truly global city with an enviably eclectic and diverse key worker population and we are committed to providing a portion of these individuals with the opportunity to live within reasonable distance of their work...
Dolphin is Highly Commended at the RESI Awards 2017

Dolphin is Highly Commended at the RESI Awards 2017

Last week Dolphin Living attended the RESI Awards 2017 at Grosvenor House, and we were delighted to be highly commended in the Landlord of the Year (Registered Social) category. Our greatest achievements in 2016 were the introduction of a new personalised rents policy on the New Era Estate in Hackney, and the introduction of an innovative new homeownership product in partnership with Westminster City Council, the Westminster Home Ownership Accelerator. Both of these initiatives have been delivered in a highly challenging environment over the last 12 months, both with changing policy context set by central government and the Mayor of London, as well as Brexit and the ever increasing shortage of sites that can be delivered without significant grant funding. Therefore we are very proud to have been recognised by the RESI Awards.  ...
Dolphin Living appoints Olivia Harris as the new Chief Executive

Dolphin Living appoints Olivia Harris as the new Chief Executive

Olivia Harris, previously our Finance Director, has this week succeeded Jon Gooding as Chief Executive.  As Finance Director Olivia has been instrumental in our rapid expansion over the last 3 years, working closely in all of our high profile acquisitions and deals, including the New Era Estate. Olivia takes over whilst we are well on track to meeting our target of 1,000 homes for working Londoners by 2020. In her new role Olivia will be responsible for leading all aspects of Dolphin’s strategic direction, its overall governance, housing and asset management and leading on key external stakeholder relationship management. As well as developments already completed or in the pipeline, Olivia is working on a series of proposals for future acquisition and investment funding, as well as looking at proposals to take the organisation beyond its current 2020 target.  Olivia Harris, Chief Executive, comments: I am delighted to take over one of the most innovative and ambitious providers of affordable housing and seek to build upon the work of my predecessor in delivering high quality, affordable to rent homes for those on low to middle incomes living or working within London. Dolphin is well on track to delivering 1,000 homes by 2020 and my priority will now be to look beyond that for future development opportunites...
Westminster Home Ownership Accelerator wins industry award

Westminster Home Ownership Accelerator wins industry award

In partnership with Westminster City Council, Dolphin Living have been applauded by the housing industry for our innovative new Westminster Home Ownership Accelerator (WHOA) programme.  The scheme which targets those who live or work in Westminster saw Dolphin scoop the title of Most Innovative Housing Provider at the recently held highly prestigious Housing Innovation Awards ceremony. The award reflected Dolphin’s work in pioneering a new scheme to help people access home ownership, who otherwise might find it difficult to accumulate the necessary savings.  The Accelerator scheme offers successful applicants the chance to take a three year lease on a Dolphin Living rental property at 65% of the market rent. This enables the applicants to save significantly more towards a deposit during this period. This deposit is then topped up by Dolphin at the end of the tenancy if they move on into home ownership. Depending on the growth of the London housing market the final deposit amassed by the applicant could be between £43,000 and £77,000, with the intention of using this towards the purchase of a property within Greater London, either through full or shared ownership.  All properties run by Dolphin for this scheme will continue to be used for the same purpose following a tenant’s three year occupancy, so the next prospective applicant can benefit from the Accelerator in the same way. Each applicant must live or work in Westminster, be able to demonstrate that they have savings of £22,500 and qualify for intermediate housing in the City of Westminster. The income threshold for applications reflects the Mayoral intermediate limit of £90k.  Jon Gooding, Chief Executive, Dolphin Living comments:...