Our
approach.
How we underwrite, acquire and deliver schemes, from site identification through to stabilised income or exit.
Built for the
downside.
Shawford Developments comes out of a commercial construction group. We underwrite schemes from a builder's perspective: cost, programme, sequencing, the practical risks that make or break a scheme on site.
Every scheme is stress-tested against a base case that absorbs build cost inflation, finance margin compression and a slower exit. Upside cases are interesting, but capital deployed and returned on the base case is the bar.
We co-invest. Partners' capital sits alongside ours from acquisition through to exit, with the same waterfall.
The process,
stage by stage.
- 01
Origination
Off-market and on-market site identification across the UK. Concentrated in regions where the Group already has a delivery presence: surplus public land, distressed assets, planning-engaged sites.
- 02
Underwriting
Conservative valuation, stress-tested against build cost inflation, finance cost and exit yield. We model downside first. Base case has to clear before upside cases get a hearing.
- 03
Acquisition & funding
Equity or JV partnership models depending on the scheme's risk profile. Senior debt arranged alongside acquisition. Capital structure designed against the build programme, not against headline IRR.
- 04
Delivery
Build delivered with the Group's in-house teams where applicable (Interiors, New Build Housing, Fire Stopping, Fire Doors and Joinery) or with vetted main contractors. One client, one accountable side of the table throughout.
- 05
Exit or hold
Forward funded, forward sold, or held to stabilised income, decided at underwriting, executed at completion. Capital recycled into the next scheme.
How we operate.
Conservative underwriting
We model the downside first. Schemes that don't survive a slower exit, higher build cost and a wider finance margin don't get acquired.
Aligned capital
We co-invest. Our equity sits alongside partners' from acquisition through to exit, with the same waterfall and the same incentives.
Delivery-led
We've come up through commercial construction, not financial engineering. Schemes are picked because we know how to build them, not because the model looks pretty.
Reportable governance
Monthly capital and programme reporting against the underwritten case. Variances flagged early, addressed in real time, not at quarter end.