Airspace development provides an innovative option to create new value in untouched locations, and furthermore alleviate both the financial and housing pressures for local authorities – not just in terms of new supply but also in terms of saving on roof replacement programmes for both private freeholders and public bodies.
In 2016, we conducted comprehensive research on the market potential for airspace development, which identified that the London market alone has up to some 14.5 million square metres of potential space above its rooftops and translating this into development potential suggests the potential for up to 180,000 new homes.
Airspace development brings a range of benefits to not only the freeholder of an existing property, but also the residents underneath and the local community, while providing both affordable and private new housing.
A free, no obligation initial evaluation assesses the potential of your property. If your property is suitable, we purchase the airspace development rights, creating windfall cash paid to you at key project milestones:
1. Once contracts have been exchanged
2. On receipt of successful planning permission
3. Upon completion of the development project
Apex takes on full risk and responsibility for the lifespan of the project – including planning permission and project management. We specialise in advanced quality offsite modular construction – mitigating disturbance to you, your tenants and neighbours – speeding up project delivery.
Free, no obligation evaluation to assess your property potential.
First payment made to property owner on contract exchange for purchase of airspace rights.
Second payment made to property owner on receipt of local authority planning agreement.
Third payment made to property owner on full completion of development.
We aim for one day installation.
Built offsite in a factory with minimal intrusion to neighbours and local infrastructure.
50% reduced onsite build time and 90% fewer vehicle journeys to and from the site.
Reduced sound disturbance, weather setbacks and road closure.
Tenants can remain in the building during development.