Place AGM 2013: Tim Heatley
-
Upload
place-north-west -
Category
Real Estate
-
view
397 -
download
0
Transcript of Place AGM 2013: Tim Heatley
PLACE
NORTH WESTPLACE AGM – THURSDAY 11 APRIL
2013
TIM HEATLEY
DIRECTOR
CAPITAL & CENTRIC PLC
WHO ARE CAPITAL &
CENTRIC PLC?
Estuary Banks
WHAT MAKES OUR
APPROACH DIFFERENT?
Crown Business Park
HOW DO WE MAKE SPECULATIVE
DEVELOPMENT STACK UP?
Estuary Banks
WHAT DO WE LOOK
FOR?
Great design, buildings have to look fab
Eco friendly, sustainable, low energy
A scheme that will create high quality jobs
Locations close to high unemployment
Crown Business Park
ISN’T DEVELOPMENT HARD ENOUGH
WITHOUT THOSE HURDLES?
Digital Village
WHAT TYPES OF FUNDING
DO WE USE?
Speke Business Park
PUBLIC FUNDING
Digital Village
CONTRACTOR FUNDING
Speke Business Park
PRIVATE LAND OWNER
GOVERNMENT TAX
INCENTIVES - BPRA
Tithebarn Project
CROWD SOURCED
Digital Village
TRADITIONAL JV
Littlewoods
Bought from distressed bank Fortis. c£4m
ERDF of £3.3m
Contractor 50/50 JV with RBS
Ongoing multi phased with 200,000 let or sold
400 jobs
CROWN BUSINESS PARK, ROCHDALE
ESTUARY BANKS, SPEKE
Bought from NWDA and HCA with ability to defer premium to PC
ERDF Funding £2.4m
Completed, 80,000 sq ft let and sold fitted out to 160,000
Contractor 50/50 JV
200 jobs
SPEKE BUSINESS PARK
Private land owner – loaned back funds against sales
ERDF of £1.4m
Under construction
100 jobs
DIGITAL VILLAGE
Planning stage
Local Authority land sale
Deferred payment based on profit
150 jobs
THE LIGHTBOX
Planning stage
Regeneration Agency acquisition
Deferred land payment post PC
100 jobs
LITTLEWOODS
Planning approved. Up to 250,000 sq ft
Acquisition from Liverpool City Council and HCA
Phase 1 Bunker Building and infrastructure to
commence this year
ERDF of £1.1m to phase 1
Our own BPRA fund
Local authority loan
500 jobs
TITHEBARN PROJECT
Planning Approved
Refurbishment with BPRA
Private acquisition
ERDF of £2.4m
Our own BPRA fund of £3.2m
Private equity loan of £2m
300 jobs
THE FUTURE
Speke Business Park