Bespoke support from planning to completion: London Belgravia's 2024 project highlights
London Belgravia Group
Providing impartial and connected insurance advice to property professionals across the UK
Over the past year, our team at London Belgravia Group has been hard at work providing bespoke and cost-effective insurance and finance solutions for developers, contractors and housing associations, across the UK.??
From luxury residential developments and major mixed-use urban projects to historic conversions, new-build communities, build-to-rent projects, social housing, retirement homes, or self-builders, London Belgravia offers customised support for projects of all sizes.?
We’re very proud to share some project highlights from the last 12 months showcasing our team's hard work and dedication to client service:?
London Belgravia Brokers has demonstrated exceptional proficiency in supporting luxury residential developments, providing bespoke structural warranties and insurance solutions that cater to the unique demands of high-end projects.??
London Belgravia secured a structural warranty for this stunning development and provided ongoing support with significant cost adjustments. The project, which comprises 110 apartments and commercial units with Thames views, began in 2022 and is now nearing completion with London Belgravia's Madison Phillips providing the client with support to ensure efficient progress.?Read the full case study
London Belgravia is also facilitating completion at The 1840, St George's Gardens. This Grade II listed building and former Springfield Hospital site is being restored and converted into stylish character homes. We're proud to be playing an ongoing role in this significant residential conversion.
London Belgravia placed the structural warranty on behalf of University College London Hospitals (UCLH) NHS Foundation Trust for this luxury development in Fitzrovia, Central London, with ICW Group providing building warranties and control services. The ￡27.2m GDV site is a conversion of the old Middlesex Hospital Annexes into 10 apartments, 3 duplex penthouses and 2 stunning townhouses.
Through tailored solutions and dedicated support from planning to completion, London Belgravia continues to play a pivotal role in the successful delivery of luxury residential projects.?
From large-scale social housing policies to unique projects for new development companies, London Belgravia Brokers ensures residential developers of all sizes get comprehensive coverage, competitive pricing, and seamless project support.?
Combining leverage and service, London Belgravia sourced A-rated, competitive, and comprehensive structural warranty cover for this residential new build development of?highly desirable 2, 3, and 4-bedroom homes. London Belgravia's Client Services team also maintained consistent support throughout the build, facilitating inspections and at completion to ensure a smooth handover.?Read the full case study or watch our video
Matt Percival , Principal Consultant, worked with GK Construction & Project Management Ltd to secure a 12-year social housing policy for two developments, meeting housing association standards with ICW Group as the scheme administrator.?
Oliver Smith , Consultant, sourced warranty terms exclusively in the name of a client’s newly established company for a ￡6m GDV project, avoiding cross-company guarantees and maintaining the client’s financial independence.??
Matt secured A-rated structural warranty terms for a 22-unit project nearing completion in Rochester, Kent, achieving competitive pricing despite late-stage involvement.?
London Belgravia’s tailored approach ensures each project’s unique challenges are addressed, delivering peace of mind for developers at every stage.?
Our expertise and strong relationships with insurers are invaluable for clients whose developments are facing complex challenges, including part-complete, and distressed projects, ensuring seamless progression and market readiness.??
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When a longstanding contractor client took over a ￡5m GDV project mid-construction, warranty providers required them to assume the full two-year defects liability period, including prior work. Through extensive negotiations between the developer, contractor, and underwriter, Oliver Smith obtained balanced warranty terms that met everyone's requirements. Despite the complexity of the case, London Belgravia was able to provide a policy that balanced risk appropriately.?
Securing contractor insolvency coverage within a Latent Defects Insurance (LDI) policy can be complex due to various influencing factors. However, for a longstanding main contractor client requiring such coverage for a housing association agreement (￡6.8m build cost), Alex Limpenny , Sales Director, successfully obtained Contractor Insolvency (Section 1) Cover after finding performance bond quotes to be prohibitively expensive.?
Alex secured a tailored structural warranty from ICW Group for a client forced to switch contractors mid-build, ensuring continuity and protection for ongoing works at this 5-storey, 26-unit retirement housing project. As such situations become more common, London Belgravia offer expertise in securing warranties for part-completed projects to ensure?that these challenging projects can be completed successfully.
By balancing risk and securing comprehensive policies, London Belgravia ensures project continuity and financial protection for developers, contractors and housing associations alike.?
While the market is still on the road to full recovery, we are witnessing significant movement in major projects.
In 2024, Alex Limpenny , has supported a wide range of high-value projects, partnering with developers, contractors, and lenders to source Latent Defect Insurance (Building Warranties).??
Here are a few notable but varying type of projects Alex placed this year:?
Our experienced Major Projects team act as impartial advisors to developers, owners, administrators, and insurers for higher-risk and high-value projects with complex requirements. Each project is unique, so we offer a bespoke approach, combining specialised insurance expertise and access to multi-disciplinary technical consultancy.?
As specialist construction insurance brokers, we support clients in accessing comprehensive coverage, including Latent Defects Insurance (LDI), construction all-risk (CAR) insurance, and social housing policies, among others. We also offer access to a range of tailored financial products, addressing the unique needs of each project. ?
Combined with end-to-end administrative assistance from our Client Services team and thorough technical support through a collaboration of multidisciplinary partners, we offer clients the specialist expertise they need, when they need it.?
Interested in learning more – Discover why support from a specialist insurance broker is key to protecting your development.
Many thanks for reading this issue of the London Belgravia Property Update.???
The London Belgravia Group is a leading provider of latent defects insurance and other construction policies. If you have any questions for anyone on the team, please get in touch today using our Contact page.?
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London Belgravia Brokers Ltd is an Appointed Representative of TEn Insurance Services Ltd t/a Eleven Network which is authorised and regulated by the Financial Conduct Authority - FRN 314593.