Northern Powerhouse Developments

Transcription

1 Northern Powerhouse

2 Scarborough International Properties Limited Northern Powerhouse 3 Contents Introduction Think Local, Act Global 04 Northern Powerhouse 06 Middlewood Locks, Manchester 12 Thorpe Park, Leeds 18 Sheffield DC, Sheffield 23 National 26 Our Partners & Financiers Think Local, Act Global Scarborough Group International Limited (SGI) has a truly global reach and a reputation for delivery. With a proven track record across the UK, it remains one of the most active privately owned development organisations, having a portfolio with a Group Gross Development Value of 2 billion. Scarborough International Properties Limited (SIPL) was set up to undertake and manage the Group s property investments and developments. Kevin McCabe formed his first family owned private company which ultimately led to the initial Scarborough branded corporation back in Since then SGI has grown from a UK based property developer and investor into a global organisation focussing primarily on real estate having at various intervals businesses in Europe, Australia, Canada, India and more importantly Hong Kong, the People s Republic of China as well as retaining its core activities here in the United Kingdom. portfolio encompassing all aspects of real estate, interests in leisure most notably a 50% stake in Sheffield United Football Club as well as additional investments in a number of other sectors. Working together with our global network of partners, SIPL has a prestigious track record of property investment and development, primarily residential and commercial, including offices, business parks, retail, distribution and warehouse units, and shopping complexes. past 40 years. SGI remains one of the UK s most active development organisations with a range of projects either underway, on site, or planned to commence in the near future with a Group Gross Development Value of 2 billion. SGI is now in its fourth decade having become a truly international group of companies with an attractive and diverse range of businesses, with a comprehensive investment Close relationships with long standing joint venture partners have led to significant growth and diversification in our global property development and investment portfolios over the

3 4 5 Scarborough Group International 04 Celebrating over 40 years GDV of 2 billion Northern Powerhouse 4,500 new homes in development pipeline 4 million sq ft of commercial accommodation Leading Northern Powerhouse developer Strong links to local governments Global reach strong partnerships across the world Residential, Commercial, Retail, Leisure, Business Parks, Industrial and Mixed Use

4 6 Scarborough International Properties Limited Northern Powerhouse 7 Northern Powerhouse Middlewood Locks Location: Manchester

5 8 9 Manchester: Middlewood Locks, Manchester Joint Venture with Metro Holdings of Singapore and Hualing Group of PRC Situated in Salford at the western gateway to Manchester City Centre, Middlewood Locks is the most exciting new mixed use community within walking distance of the Central Business District and with it the amenities provided by the UK s leading Regional City. Our 24.5 acre cleared site has Planning consent for some 2.5 million sq ft of Residential and mixed use development including 2,215 new Homes and 900,000 sq ft of Commercial space, incorporating Offices, Hotel, Retail and Leisure uses. Middlewood Locks benefits from an attractive Canal basin as a central landscaping feature of the Community, establishing high quality living space with a waterfront park and an extensive range of modern facilities to benefit residents and commercial occupiers alike. The first phase, comprising of 571 apartments and 13,000 sq ft of commercial space, across 6 buildings is nearing completion with our first customers moving into their new homes later this Spring. A further 546 apartments is due to start on site imminently under the second phase. Alongside our two established Partners Metro Holdings and Hualing Group we also have Beijing Construction and Engineering Group International as our Main Contractor whom we are hoping to work with together on our joint venture for the next five to seven years. Together with the implementation of our new homes at Middlewood Locks, we are now actively progressing the staged development of Commercial space with a view to commencing the first Office project during acre canalside mixed use site with a waterfront park GDV: 1 billion + No. of Apartments: 2,215 Commercial space: 900,000 sq ft

6 10 11 MIDDLEWOOD LOCKS, MANCHESTER

7 12 13 Northern Powerhouse Thorpe Park THORPE PARK LEEDS Location: Leeds

8 14 15 Leeds: Thorpe Park Joint Venture with Legal & General and Hualing Group of PRC Next phase: sq ft 1.35million mixed use accommodation and 300 homes Thorpe Park, Leeds is an established, award winning, Business Park already with a current working population of around 4,500 people. The next stage of the development is building upon the Estate s strong foundation, adding to the existing 800,000 sq ft of space with a further 1.35 million sq ft of mixed use accommodation and 300 homes, creating one of the largest and most diverse out of town business locations in the UK. Thorpe Park s 300 acres will comprise an unrivalled mix of business and supporting amenity uses, including 114 acres of Green Park and public realm areas in an outstanding and well connected location. The Estate sits at the heart of the City Region s most significant growth area and will bring even greater diversity to Leeds offer to the local and national business community. This major city extension is to be served by the construction of the East Leeds Orbital Road (ELOR), a new dual carriageway connection to Junction 46 of the M1 directly through Thorpe Park. An extensive area to the north of Thorpe Park has been allocated for housing use to produce up to 7,000 new homes. Thus, this is the largest single area of housing proposed within the total allocation for East Leeds, which stands at 11,000 new homes. Construction is underway on the new mixed use scheme which includes 940,100 sq ft of Offices, 193,800 sq ft of Retail, 105,200 sq ft of Leisure, incorporating Cinema/Cafes/Restaurants, 91,200 sq ft of Hotels, Healthcare/Childcare facilities, 24,700 sq ft for Health and Fitness and 300 homes to be delivered by Redrow Homes on the second phase of the Estate. Interest continues to mount in the retail and leisure scheme, with announcements due to be made shortly on the next major brands choosing to make Thorpe Park their home. The latest names will add to the already impressive line-up announced to date which includes Next, M&S Food Hall, TK Maxx, Outfit, Boots, Pure Gym and Odeon. Key to Thorpe Park s success is having a progressive plan for delivering ease of commuting through effective and varied transport modes and a managed transport planning strategy. The Estate s prominent position adjacent to the M1 at junction 46 provides immediate access to the local and national road network. The new ELOR will provide greater accessibility to the East Leeds community and the City, with established bus routes providing a service every 15 minutes into the centre of Leeds. The culmination of the infrastructure improvement works at Thorpe Park will be the 2023 delivery of the new East Leeds Parkway railway station and associated park and ride facility. With journey times from Thorpe Park into Leeds City Centre of 8 minutes, the railway station will significantly improve accessibility to the Park. GDV: 500 million Development site: 300 acres with 114 acres of Green Park and public realm areas Location: J46 of M1

9 16 17 THORPE PARK, LEEDS

10 18 19 Northern Powerhouse Sheffield DC Location: Sheffield

11 20 21 Sheffield: Sheffield DC Joint Venture with Metro Holdings of Singapore Sheffield DC is already recognised as the City s most iconic Office location, unquestionably one of the prime Northern Powerhouse developments. DC is located not just within a stone s throw of the City Centre, but also adjoining the Railway Station and Bus Terminus, connecting within seconds to the Parkway, which in turn links into the M1 and other national Motorway routes and is already now close to being fully let. Acero was the third of the four buildings planned for DC, adding to the success of building one, Electric Works and building two, Ventana House. We are now planning the final phase of DC, Vidrio, which will be an eight storey, 51,000 sq ft building, where enabling and substructure works have already been undertaken. The most recent addition to the scheme was Acero, a new 80,600 sq ft Grade A office building which completed in July Acero 80,600 sq ft and Vidrio 51,000 sq ft of Grade A Office Space GDV: 45 million Final phase: 51,000 sq ft Vidrio

12 22 23 SHEFFIELD DC, SHEFFIELD 23 National

13 24 25 Northern Powerhouse N MIDDLEWOOD LOCKS Manchester 1 billion+ GDV 2,215 apartments and 900,000 sq ft of commercial space THORPE PARK Leeds 500 million GDV 300 acre development site THE MILLS Congleton, Cheshire 50,000 sq ft retail and leisure space Development pipeline National SHEFFIELD DC Sheffield 45 million GDV 51,000 sq ft final phase building 7 BOWLER S YARD Manchester 3rd phase of the successful Hat Box and Milliners Wharf developments - 60 apartments 8 GRAND APPROACH Wigan, Greater Manchester Development pipeline TALBOT GREEN Llantrisant, South Wales 90 million GDV 20 acre development site QUEENSFERRY ONE Fife, Scotland 200 million GDV 135 acre development site STATION QUARTER Newport, South Wales Phase 2 completion in ,000 sq ft prime office building BLACKPOOL ROAD Preston 15,000 sq ft foodstore 25,000 sq ft non-food space THE CURVE Buchanan Gate, Glasgow 7 million GDV 30,000 sq ft office building MARINA QUAY Rhyl, North Wales New Aldi store in next phase 132,000 sq ft of retail and leisure space DALGETY BAY Fife, Scotland 4 acre development site Completion date Q SCOTT HALL PARK Leeds, England 32,000 sq ft of retail space 40,000 sq ft of industrial space

14 Our Partners & Financiers Strategic Co-Investing Partners Listed on the Mainboard of the SGX-ST in 1973, Metro Holdings was founded in 1957 by the late Mr Ong Tjoe Kim. As a textile store on 72 High Street, Singapore, Metro has grown over the years to become a property development and investment group with a broadened and diversified asset portfolio, backed by an established retail track record, with a turnover of S$131.2 million and net assets of S$1.35 billion as at 31 March Today, the Group operates two core business segments property development and investment, and retail. It is focused on key markets in the region such as the People s Republic of China, Indonesia and Singapore. The Group has also expanded its geographical presence to the United Kingdom. Metro has already invested or committed to invest over 50 million into Scarborough projects in Manchester and Sheffield. Hualing, established in 1988, is a private group based in Urumqi, Xinjiang, China. The Group mainly operates in the fields of construction, managing and renting of trade centres, wholesale markets and hotel construction and management. It is also engaged in foreign trade, the development of a modern livestock industry, mining, foreign resources, project development and is the largest shareholder in a bank in Georgia. Their total gross assets are approximately USD3 billion, with a net value of USD1 billion. Hualing have already invested or committed to invest over 30 million into Scarborough projects in Manchester and Leeds. Legal & General Investment Management (LGIM) is the investment management arm of Legal & General Group, a FTSE 100 company. LGIM is one of Europe s largest institutional asset managers and a global investor, with a heritage dating back to LGIM manages 951 billion in assets with a wide range of clients. It has a specialist real estate investment and management division and is a major investor in UK real estate. LGIM are the Group s joint venture partners for Thorpe Park, Leeds and have committed 150 million project finance. The JW Muir Group plc is a family owned business, headed by the Group Chairman and founder John Muir. The Group is involved in projects across the development spectrum and has a reputation for quality and client focus. The Group employs net assets of around 67 million with an annual turnover exceeding 93 million and a current property value of approximately 30 million. Cromwell Property Group is a leading European multi-let real estate investment manager specialising in multi-let commercial properties in the UK and Continental Europe. Cromwell has 5.3 billion of assets under management, of which 1 billion is held in development projects.

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16 30 31 Strategic Lending Partners Investec is an international specialist Bank and Asset Manager that provides a diverse range of financial products and services to a niche client base in three principal markets in the UK, South Africa and Australia. Santander UK plc is a UK bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously with its own local management teams responsible solely for its performance. Santander provides debt finance for the Group s investment portfolio and development finance for the Middlewood Locks Residential project in Manchester. Strategic Construction Partners Beijing Construction Engineering Group Co. Ltd (BCEG) was founded in Over the past 60 years, it has been a constant leader in the industry and has become a conglomerate that is competitive in the global market. BCEG is a Global Top 225 international Contractor, a China Top 500 Enterprise and China Top Ten International Contractor. Its Beijing Construction Engineering brand is well established. Its annual projects completion amounts to 3 million sq m. The local authority for the City of Leeds in West Yorkshire. Leeds is a City of approximately 800,000 people and contributes over 20 billion per annum to the UK economy. Leeds is one of the key cities in the UK Government s Northern Powerhouse initiative, which will result in major regeneration, housing delivery and job creation projects. Leeds City Council is a vital partner for the delivery of Thorpe Park and future projects in the region. The LEP s purpose is to unlock the Leeds City Region s vast economic potential by enabling businesses and enterprise to thrive. Working with public and private sector partners, the LEP provides support and funding to help businesses grow, attract new investment to the region and develop the skills, energy and digital infrastructure to create jobs and prosperity. Manchester City Council is the local government authority for Manchester. It manages planning policy and permissions, the provision of public services and promotes inward investment to the region. Manchester is a city of over 520,000 people and Greater Manchester over 2.7 million. As a city, Manchester contributes circa 16 billion per annum to the UK economy and is a key city within the Northern Powerhouse. Salford City Council is the local authority for Salford, a city and metropolitan borough of Greater Manchester. The population is over 200,000 and is now home to the BBC (the UK s national broadcasting body), as well as renowned education establishments. The Middlewood Locks project sits within Salford City. GMI was formed in 1986 and has grown to become a well-established, successful building and construction services company with a proven track record for delivering award winning projects for an international portfolio of developers, public sectors and blue chip companies. GMI is a long-standing partner of SIPL and the wider Scarborough Group. The city council for the City of Sheffield in South Yorkshire, SCC has been a long-term strategic partner for SIPL, given its historic activity in the City. Sheffield s population is over 560,000 and the City contributes over 11 billion per annum to the UK economy. It enjoys a long track record for educational excellence and forging international investment partnerships. Sheffield is a leading location in the UK Government s Northern Powerhouse. Strategic Government Department Partners A commercially focused department of HM Government, the DIT team brings together private sector capital and UK projects and businesses. In particular they are mandated to drive the delivery of major regeneration schemes in the UK, which bring forward housing, infrastructure and substantial job creation. Established in 1999, The Welsh Government is the devolved Government for Wales consisting of The First Minister, Welsh Ministers and Deputy Ministers and The Council General. The Welsh Government are separate from The British Government and can develop and implement policy for Wales, set up governance of key areas such as the healthcare, education and Local Government and propose Welsh Laws. The Welsh Government has an annual budget of over 15billion which it has complete discretion over. They are working with us on the development at Talbot Green, Llantrisant. Homes England helps create successful communities by making more homes and business premises available to the residents and businesses who need them and also regulate social housing providers in England. Homes England is an executive non-departmental public body, sponsored by the Department for Communities and Local Government.

17 London 9/10 Carlos Place, Mayfair, London W1K 3AT +44(0) Leeds 3150 Ground Floor Right Hand Side, Century Way, Thorpe Park, Leeds LS15 8ZB +44(0) Manchester 2nd Floor Bass Warehouse, 4 Castle Street, Manchester M3 4LZ +44(0) manchester@scarboroughgroup.com Edinburgh 18 Walker Street, Edinburgh EH3 7LP edinburgh@scarboroughgroup.com Sheffield Bramall Lane, Sheffield S2 4SU info@scarboroughgroup.com Scarborough Europa House, 20 Esplanade, Scarborough YO11 2AQ +44 (0) europa@scarboroughgroup.com scarboroughgroup.com