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