Tim Heatley, director, Capital & Centric - an independent developer's view on putting new projects together

1. PLACE
NORTH WEST
PLACE AGM – THURSDAY 11 APRIL
2013
TIM HEATLEY
DIRECTOR
CAPITAL & CENTRIC PLC

2. WHO ARE CAPITAL &
CENTRIC PLC?
Estuary Banks

3. WHAT MAKES OUR
APPROACH DIFFERENT?
Crown Business Park

4. HOW DO WE MAKE SPECULATIVE
DEVELOPMENT STACK UP?
Estuary Banks

5. WHAT DO WE LOOK
FOR?
Crown Business Park
 Great design, buildings have to look fab  A scheme that will create high quality jobs
 Eco friendly, sustainable, low energy  Locations close to high unemployment

6. ISN’T DEVELOPMENT HARD ENOUGH
WITHOUT THOSE HURDLES?
Digital Village

7. WHAT TYPES OF FUNDING
DO WE USE?
Speke Business Park

8. PUBLIC FUNDING
Digital Village

9. CONTRACTOR FUNDING
Speke Business Park

10. PRIVATE LAND OWNER

11. GOVERNMENT TAX
INCENTIVES - BPRA
Tithebarn Project

12. CROWD SOURCED
Digital Village

13. TRADITIONAL JV
Littlewoods

14. CROWN BUSINESS PARK, ROCHDALE
 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

15. 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

16. SPEKE BUSINESS PARK
 Private land owner – loaned back funds against sales
 ERDF of £1.4m
 Under construction
 100 jobs

17. DIGITAL VILLAGE
 Planning stage
 Local Authority land sale
 Deferred payment based on profit
 150 jobs

18. THE LIGHTBOX
 Planning stage
 Regeneration Agency acquisition
 Deferred land payment post PC
 100 jobs

19. LITTLEWOODS
 Planning approved. Up to 250,000 sq ft  Our own BPRA fund
 Acquisition from Liverpool City Council and HCA  Local authority loan
 Phase 1 Bunker Building and infrastructure to  500 jobs
commence this year
 ERDF of £1.1m to phase 1

20. TITHEBARN PROJECT
 Planning Approved  Our own BPRA fund of £3.2m
 Refurbishment with BPRA  Private equity loan of £2m
 Private acquisition  300 jobs
 ERDF of £2.4m

21. THE FUTURE
Speke Business Park