INTERNATIONAL DEVELOPMENT OPPORTUNITY

Airport Business Park

CLOSER TO EVERYWHERE

Newcastle International Airport Business Park (NIABP) will be one of the North East’s premier international business locations with over 150 acres of development land and potential for in excess of 700,000 sqft of business space. Situated immediately adjacent to Newcastle International Airport Ltd (NIAL) with its excellent road and rail infrastructure links, NIABP will provide the ideal location for 21st century business. The development will incorporate a range of high quality logistics/warehousing and office accommodation, located alongside the existing airport freight accommodation and office facilities.

NIAL wishes to appoint a development partner to bring forward NIABP over the next 8 - 10 years. It is anticipated that the preferred developer will work with NIAL to update the existing Masterplan, put in place infrastructure and build out a first phase of speculative office development, with work commencing in 2017.

NIABP is being offered to the market by way of a two-stage informal tender process. In the first instance bidders are invited to submit Pre-Qualification Questionnaires. Following PQQ assessment, it is our intention to invite up to four bidders into Stage 2. At Stage 2 bidders will be asked to submit detailed development proposals which will be evaluated on a quality and price basis. The deadline for PQQ submissions is Friday 16th September 2016, with the selection of a preferred developer by Friday 2nd December 2016.

UNIQUE DEVELOPMENT OPPORTUNITY

FURTHER INFORMATIONBidders are invited to download further information from our password protected data room found at http://niabp.gva.co.uk. Parties wishing to register for further information should register at http://niabp.gva.co.uk. Alternatively for further information please contact:

RAY MINTO Tel: 0191 269 0514 Email: ray.minto@gva.co.uk

UNRIVALLED CITY-AIRPORTCONNECTIVITY

THE WORLD IS YOUR OYSTER An international airport and rapid transit Metro rail system on your doorstep delivering a range of local and international destinations.

BARCELONA

BARCELONA

BARCELONA

BARCELONA

YOUR WORLDWIDE HUB

Newcastle International Airport currently provides direct flights to more than 80 global destinations and over 140 flights weekly to hub airports providing connections to key European and international business destinations. The airport currently has up to 7 flights daily to London Heathrow, up to 5 to Amsterdam, 4 to Aberdeen and 3 to both Paris and Brussels, making Europe’s business community less than two hours away. With daily flights to Dubai and 6 flights weekly (summer) to New York Newark, connecting the East and the West in just over 7 hours, NIABP has exemplary access to global transport infrastructure.

The Newcastle International Airport Business Park (NIABP) site is situated immediately to the south of Newcastle International Airport, approximately 7 miles (11 kilometres) to the north west of Newcastle upon Tyne. The site benefits from excellent links to the region’s road network with access to the B6918/A696, which in turn links with the A1, which is the region’s main north-south transport route, connecting the North East with Yorkshire to the south and Scotland to the north. The site is served by the Tyne and Wear Metro system, which has stations at the Airport and at Callerton Parkway as well as being served by regular bus services.

• Direct access via the A696 to the A1.

• 7 miles from Newcastle City Centre.

• Served by Tyne and Wear Metro light rail system.

• Comprehensive bus service linking into the Tyneside conurbation.

• Newcastle International Airport is the largest airport in the North East of England flying direct to more than 80 global destinations.

St Peter’s

SeaburnEast Boldon

Brockley Whins

Fellgate

Millfield

Pallion

South Hylton

Northumberland ParkWest

Monkseaton

Bede Tyne Dock

Simonside

Percy Main

Chichester

Meadow Well

Monkseaton

Howdon

Hebburn

JarrowPelaw

Hadrian Road

Heworth

Felling

ChillinghamRoad

Four Lane Ends

Regent CentreAirport

CallertonParkway

Bank Foot Fawdon

KingstonPark

WansbeckRoad

Palmersville

Cullercoats

Walkergate

Shiremoor

WallsendHaymarket

Longbenton

Ilford Road

South Gosforth

West Jesmond

Jesmond

Newcastle City CentreSt James

Monument

Manors Byker

Gateshead

GatesheadStadium

Central Station

Benton

Whitley Bay

Tynemouth

North Shields

SouthShields

Sunderland

Stadiumof Light

Park Lane

UniversitySunderland City Centre

NEWCASTLE INTERNATIONALAIRPORT BUSINESS PARK

ONLY A 2-MINUTEWALK

WHY NEWCASTLE?COMPELLING DEMOGRAPHICS & LIFESTYLE

5 UNIVERSITIES, 20 FURTHER EDUCATION COLLEGESWith five world-class universities and 20 further education colleges (including the Newcastle Aviation Academy run by Newcastle College on site) all within an hour’s drive, each with their own specialisms and areas of expertise, you’ll find the North East is a hotbed of energetic talent across a wide range of disciplines. Newcastle is a magnet for young people, being named the UK’s ‘Best University City’ in MSN Travel’s survey for three years running.

WORKFORCEAn experienced and ready-made skills base offers all of the specialist skills and training that companies need to compete globally. The North East has a multi-cultural, skilled, yet balanced workforce that is flexible and highly motivated – renowned for their strong work ethic and some of the highest staff retention rates in the UK. Labour costs are extremely competitive, on average 8% lower than the UK average. Absentee rates and down time are some of the lowest in the UK. LABOUR COSTS

8%LOWER THAN UK AVERAGE

COST COMPETITIVE Wage rates are sustainable, representing potential cost savings to employers. In addition, the exceptionally low rates of staff turnover in the North East means that staffing costs are kept extremely competitive when comparing against other locations.The North East’s cost of living delivers one of the UK’s best lifestyles.

16,290

23,065

12,535

12,250

16,070

80,210

6,125

4,505

4,650

3,765

1,995

21,040

23%

11%

20%

33%

5%

18%

TOTAL

NUMBER OF STUDENTS – REGION UNIVERSITIES 2013/14

22,415 Newcastle University

27,570 Northumbria University

17,185 University of Durham

16,015 University of Sunderland

18,065 Teesside University

101,250 Total

Undergraduates Post-graduatesInternational students

MANCHESTERMedian Annual Wage £22,073Office rent per sq ft £32.00Industrial rent per sq ft £5.50

LEEDSMedian Annual Wage £21,870Office rent per sq ft £26.00Industrial rent per sq ft £5.50

NEWCASTLEMedian Annual Wage £20,834Office rent per sq ft £21.50Industrial rent per sq ft £5.75

EDINBURGHMedian Annual Wage £24,738Office rent per sq ft £28.50Industrial rent per sq ft £5.00

LONDONMedian Annual Wage £29,396Office rent per sq ft £66.50Industrial rent per sq ft £5.50

SPACEThe NIABP development opportunity extends to approximately 70 acres (Sites A plus B) with the potential to extend to approximately 150 acres through the inclusion of Sites C and D. The site can be sub-divided in four development parcels, which we summarise here.

OVER 500,000 SQFT

Site A is situated immediately adjacent to Newcastle Airport’s serviced operational apron and existing air freight accommodation. The site

extends to 57.8 acres, is currently vacant and is covered in low level grass and shrub vegetation. Site A has the capacity to deliver

over 500,000 sqft of warehousing/logistic space.

The site is allocated within the current Local Development Framework for employment uses B1, B2 and B8.

REGISTER FOR FURTHER INFORMATION AT http://niabp.gva.co.uk

SITE A

Site B is situated adjacent to Callerton Parkway Metro Station. The site is generally flat, triangular in shape and is currently vacant. The site is covered in low level scrub grassland with a band of mature trees to the east of the site, protected

under a TPO. The trees will need to be retained by any future development.

Site B benefits from an outline planning consent (planning Ref: 2007/0949/01/OUT) which was renewed in 2014, for the erection of 175,000 sqft of office space and 2,500 sqft of retail floorspace, 465 car parking spaces with associated access.

It is anticipated that Site B will create a high quality campus-style business park offering Grade A accommodation.

REGISTER FOR FURTHER INFORMATION AT http://niabp.gva.co.uk

SITE B

Sites C and D lie on the eastern periphery of NIA’s ownership, adjacent to the Great North Park to the east, the airport runway to the north, agricultural land to the south

and site A to the west. Site C is allocated in the airport’s Masterplan 2030 as an expansion of the NIABP once sites A, B and D are full.

Site D is allocated within the Local Development Framework by Newcastle City Council for a large single user (B1), similar to Sage at Great Park. There may be

opportunities going forward to relax this use to multiple B1 office occupiers.

REGISTER FOR FURTHER INFORMATION AT http://niabp.gva.co.uk

SITES C & D

NIAL intends to select a developer to bring forward NIABP. It is envisaged that the development will come forward over an 8 to 10 year period commencing in 2017.

DISPOSAL OBJECTIVES & PROCESS

NIAL’s objectives in respect of NIABP can be summarised as follows:• Secure a sustainable rental income and/or capital receipts.

• Generate increased business and freight traffic flows which will enhance NIAL’s reputation and increase revenue flow.

• Create employment opportunities in the region in a prestige business address.

The preferred development partner, selected following the conclusion of this process, will be expected to bring forward a speculative first phase of office development on Site B. In addition the development partner will be required to put in place an infrastructure strategy which opens up Sites A and B for development. Working closely with NIAL the preferred developer will agree a Masterplan for NIABP and secure funding and planning approvals to deliver the Masterplan and infrastructure in accordance with the agreed vision. Draft Heads of Terms setting out the proposed legal structure, draw down of land and development structure are available within the data room at http://niabp.gva.co.uk

DEVELOPMENT OBJECTIVES

JULY 2016

AUGUST 2016

SEPTEMBER 2016

OCTOBER 2016

NOVEMBER 2016

DECEMBER 2016

PQO STAGE

STAGE 2

COMMENCEMENT OF PQQ STAGE FRIDAY 15th JULY

NIABP is being offered to the market by way of a two-stage informal tender process. In the first instance bidders are invited to submit Pre-Qualification Questionnaires (PQQs) in the prescribed form, which are available to be downloaded at http://niabp.gva.co.uk

Following PQQ assessment, it is our intention to invite up to four bidders into Stage 2. At Stage 2 bidders will be asked to submit detailed development proposals which will be evaluated on a quality and price basis (60% price and 40% quality). A detailed brief and scoring matrix will be provided to the successful parties invited to Stage 2.

DISPOSAL TIMELINE

PQQ SUBMISSION DEADLINE NOON FRIDAY 16th SEPTEMBER

COMMENCEMENT OF STAGE 2 FRIDAY 30th SEPTEMBER

STAGE 2 SUBMISSION DEADLINE NOON FRIDAY 11th NOVEMBER

STAGE 2 BIDDER INTERVIEWS THURSDAY 17th AND/OR FRIDAY 18th NOVEMBER

PREFERRED DEVELOPER SELECTED FRIDAY 2nd DECEMBER

Bidders are invited to download further information from our password protected data room found at http://niabp.gva.co.uk. Parties wishing to register for further information should register at http://niabp.gva.co.uk

In addition to technical information bidders can also access draft legal documentation and tender submission documentation within the data room.

FURTHER INFORMATION

MISREPRESENTATION ACT: These particulars are believed to be correct, but their accuracy is in no way guaranteed, or do they form part of any contract. June 2016.

Airport Business Park

Viewing is strictly by appointment with Bilfinger GVA. For further information or an appointment to view please contact:

RAY MINTOTel: 0191 269 0514Email: ray.minto@gva.co.uk

MICHAEL CUTHBERTSONTel: 0191 269 0507Email: michael.cuthbertson@gva.co.uk

CONTACT DETAILS AND VIEWING