Airspace
Asset Options is a property developer specialising in identifying airspace development opportunities that deliver high-quality, sustainable residential homes and realise an existing site’s full development potential.
We source off-market residential site opportunities and partner with asset managers and owners to form JVs, providing a turnkey solution.
Our professional team helps clients manage the risk of development, providing an end-to-end service including design, planning, construction and delivery of new developments.
What is Airspace Development?
Airspace development is the upwards extension of an existing building’s rooftop. It is increasingly helping to meet the UK’s housing supply shortfall by delivering new and affordable homes, providing a sustainable opportunity to utilise additional land in urban areas of tight density.
- Upwards extension of existing buildings
- Sustainable development option
- Delivers new homes in areas of tight supply
- Can provide affordable and prime housing
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Benefits of Airspace Development
Airspace development can be a win-win for both property owners and existing leaseholders. It’s an efficient option requiring significantly less time on site than a traditional build and causes minimal disruption to the existing residents and local community.
- Efficient development option
- Up to 50% less time on-site
- Provides additional ground rent income
- Increases capital value of Leaseholder properties
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Our innovative approach
Following an initial assessment, we will propose a scheme and development structure that addresses the funding gap by forming a JV split between the two parties (Asset Options and Freeholder). Asset Options partners can provide 100% funding of Development Costs and both parties share proceeds following sale and cost realisation.
- Flexible funding options
- JV model providing 100% development cost funding
- Profit share agreement
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Who we can help
We can help you unlock the value of your existing asset and provide a free no-commitment property evaluation to explore the development options available to potential JV partners. Get in touch today to find out if you can release significant existing equity by utilising the space above your property with an Asset Options airspace development.
- Owners interested in developing Airspace opportunities
- Owners interested in disposing of land or property
- Property investors/developers in search of viable Airspace sites to finance
Book a Free Property Evaluation
Book a free Airspace development evaluation
Contact us today on info@assetoptions.co.uk or call 020 7078 7325 to speak to a member of our development team.
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