Build to Rent Asset, Manchester
A Build to Rent asset in Manchester requiring refinancing by its investors. Block One was engaged to evaluate the energy infrastructure as part of the refinancing process. Through detailed investigation of the site's grid connection, metering arrangements and commercial tenant contributions, we uncovered significant infrastructure issues driving excessive operating costs.
Outcome
We identified and recovered £60,000 in outstanding debt from commercial tenants, removed £220,000 of ongoing run-rate overcharges caused by metering duplications, and proved that current transformer ratios were inaccurate — securing a credit of almost £500,000 from the supplier and distribution network operator. The combined impact materially enhanced asset value and directly supported the client's refinancing position.
Impact
£500k
Credit recovered from supplier & DNO
£220k/yr
Run-rate overcharges removed
Refinance
Asset value enhanced for investor refinancing
Discuss your project"The depth of investigation and the financial impact Block One delivered was beyond anything we expected. It fundamentally changed the refinancing outcome."