place agm 2013: tim heatley

21
PLACE NORTH WEST PLACE AGM THURSDAY 11 APRIL 2013 TIM HEATLEY DIRECTOR CAPITAL & CENTRIC PLC

Upload: place-north-west

Post on 12-Jul-2015

397 views

Category:

Real Estate


0 download

TRANSCRIPT

Page 1: Place AGM 2013: Tim Heatley

PLACE

NORTH WESTPLACE AGM – THURSDAY 11 APRIL

2013

TIM HEATLEY

DIRECTOR

CAPITAL & CENTRIC PLC

Page 2: Place AGM 2013: Tim Heatley

WHO ARE CAPITAL &

CENTRIC PLC?

Estuary Banks

Page 3: Place AGM 2013: Tim Heatley

WHAT MAKES OUR

APPROACH DIFFERENT?

Crown Business Park

Page 4: Place AGM 2013: Tim Heatley

HOW DO WE MAKE SPECULATIVE

DEVELOPMENT STACK UP?

Estuary Banks

Page 5: Place AGM 2013: Tim Heatley

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

Page 6: Place AGM 2013: Tim Heatley

ISN’T DEVELOPMENT HARD ENOUGH

WITHOUT THOSE HURDLES?

Digital Village

Page 7: Place AGM 2013: Tim Heatley

WHAT TYPES OF FUNDING

DO WE USE?

Speke Business Park

Page 8: Place AGM 2013: Tim Heatley

PUBLIC FUNDING

Digital Village

Page 9: Place AGM 2013: Tim Heatley

CONTRACTOR FUNDING

Speke Business Park

Page 10: Place AGM 2013: Tim Heatley

PRIVATE LAND OWNER

Page 11: Place AGM 2013: Tim Heatley

GOVERNMENT TAX

INCENTIVES - BPRA

Tithebarn Project

Page 12: Place AGM 2013: Tim Heatley

CROWD SOURCED

Digital Village

Page 13: Place AGM 2013: Tim Heatley

TRADITIONAL JV

Littlewoods

Page 14: Place AGM 2013: Tim Heatley

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

Page 15: Place AGM 2013: Tim Heatley

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

Page 16: Place AGM 2013: Tim Heatley

SPEKE BUSINESS PARK

Private land owner – loaned back funds against sales

ERDF of £1.4m

Under construction

100 jobs

Page 17: Place AGM 2013: Tim Heatley

DIGITAL VILLAGE

Planning stage

Local Authority land sale

Deferred payment based on profit

150 jobs

Page 18: Place AGM 2013: Tim Heatley

THE LIGHTBOX

Planning stage

Regeneration Agency acquisition

Deferred land payment post PC

100 jobs

Page 19: Place AGM 2013: Tim Heatley

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

Page 20: Place AGM 2013: Tim Heatley

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

Page 21: Place AGM 2013: Tim Heatley

THE FUTURE

Speke Business Park