Celebrating excellence in the property and construction industry

Supported by: MICHELMORES PROPERTY AWARDS 2017 MICHELMORES PROPERTY AWARDS 2017

Contents elcome to the 2017 Michelmores Property Awards publication, which is intended to Wcelebrate our 2017 Property Awards winners. We will also look ahead at the year to come in the real estate sector, as well as share the results of this year’s opinion poll that many of you took part in.

Now in their fifteenth year, the Property Awards continue to showcase and celebrate the very best of the South West’s property and construction industry.

This year we introduced five new award categories, in response to emerging trends in regional activity and entries we received last year. These new categories are: Commercial Welcome 5 Project of the Year, Public Project of the Year, Education Project of the Year, Leisure & Hospitality Project of the Year, and The John Laurence Special Contribution Award. Meet the Judges 6 We also opened the Awards up to Bristol-based submissions for the first time, and I am delighted to see three truly impressive Bristol-based projects win awards. Living Systems Institute, University of Exeter 8 Our Awards Dinner at the University of Exeter saw a record number of attendees, with over 450 One Research Way, Plymouth Science Park people joining us from across the region. Special congratulations must go to the University of 10 Exeter’s Living Systems Institute, which won two categories on the night – very well deserved.

City Hall, Bristol 12 The awards this year were kindly donated by Grenadier Estates. They were made by their in- house craftsmen from recycled materials from the St Margaret’s School site in Exeter – a site which promises to be one of the most innovative and sustainable sites in the South West. Seaton Jurassic, Devon 14 I would like to thank all of our judges, who once again gave their time to select the winning The General, Bristol 16 projects.

I would also like to offer my special thanks to our headline sponsor Smith & Williamson, as well Cornwall Energy Recovery Centre 18 as sponsors Atkins, Girling Jones, GVA, Interserve, Kier, Midas, NatWest, Ravenslade and The Samphire Club, for their support. Wapping Wharf Phase 1, Bristol 20 Congratulations to all of our winners this year and to those shortlisted.

Cedar Court, Rockbeare 22 I hope you enjoy the publication.

Ralph Collison, Alder King 24 EMMA HONEY Head of Property, Michelmores Construction industry still missing out on valuable tax breaks 26 [email protected]

Michelmores is a full-service law firm with What’s next for the property and construction sector? 28 offices in Exeter, Bristol and London. The 70-strong Property team provides the comprehensive service required for all types of Photos from the Awards evening 30 residential and commercial property transactions – from tax structuring and acquisition, through planning and construction, to lettings and plot sales. Market opinion poll 2017 34 www.michelmores.com

4 5 MICHELMORES PROPERTY AWARDS 2017 MICHELMORES PROPERTY AWARDS 2017

Judges

Each year, our expert panel review all award submissions in a rigorous process. This includes personally visiting project sites, scoring and then shortlisting entries according to the category criteria. Let’s meet the judges.

MIKE LEA Mike is Senior Partner of Smith & Williamson’s Bristol office and Lead Partner of Business Tax in Bristol. He is a trustee of several charities, covering areas as varied as education, theatre, care homes, youth clubs, drugs treatment and sports.

GRAHAM NORWOOD Graham is a freelance property journalist, writing on residential markets and housing. He is a regular contributor to the property pages of several national papers and has also written four books on residential property.

SARAH BUCK Sarah is a Chartered Civil and Structural Engineer and was the first female President of the Institution of Structural Engineers in 2007. She is currently Director of BSW Consulting, which she co-founded 20 years ago. Sarah was awarded an honorary degree (DEng) by the University of Exeter in 2008 and an OBE in the 2015 New Year Honours for services to Engineering and Education.

LEFT TO RIGHT: JOHN BEAUCHAMP, JOHN BEAUCHAMP MIKE LEECE OBE, MIKE LEA, GRAHAM John established benjamin + beauchamp architects in NORWOOD, CHRIS CURLING, SARAH BUCK, NICK HOLE, PETER LACEY, ANDREW Wedmore, Somerset 10 years ago. He has over 25 years’ MAYNARD (MICHELMORES), THELMA experience in the conservation and repair of historic SORENSEN OBE, WILL MUMFORD buildings, as well as the adaption of existing buildings and the construction of new buildings within a historic context. He is a member of the Bath and Wells Diocesan Advisory Committee and a RIBA and AABC conservation NICK HOLE WILL MUMFORD at the University of Exeter. Peter is currently Chair of the accredited architect. Nick has over 30 years’ experience in the property Will is the Associate Director of Technical and Planning at Green Infrastructure Board, reporting to the Exeter and development sector. He is Director of Exeter-based LocatED – a property company which buys and develops Heart of Devon Growth Board. He is also a Director of CHRIS CURLING property company Eagle One, which he first joined as a sites in order to realise the government’s manifesto Exeter Golf and Country Club. Chris is a lawyer, business leader and environmentalist. Chartered Surveyor in 1987. He is also Managing Director commitment to open 500 new free schools in England He is former Chief Executive and Executive Chairman of Eagle One company Blue Cedar Homes. by 2020. Prior to this, he was the Operations Director at THELMA SORENSEN OBE of a large professional services firm and has sat on multi-disciplinary property company, NPS South West. Thelma is President of the South West Women in the Boards of a range of listed and private companies. MIKE LEECE OBE Construction group, Chairman of the Cornwall Business He has also been Chairman of several environmental Mike is a Business Consultant and is currently a Non- PETER LACEY Partnership and Vice Chair Cornwall for the Devon and bodies, including Wildscreen and the External Advisory Executive Director (NED) of Plymouth Hospitals NHS Trust. Peter co-founded architecture and urban design practice, Cornwall Business Council. She is also a Director of the Board of Bristol University’s Environmental Research He is a former CEO of Devonport Management Limited, Lacey Hickie Caley (LHC), and later became Chairman Architecture Centre Devon and Cornwall. In 2010, Thelma Institute, as well as a member of the governing body of former NED of Ireland’s largest housebuilder and former of the LHC Group. He is former Non-Executive Chair of was awarded an OBE for her contribution to economic Bristol University. Director/Chair of Plymouth Chamber of Commerce. property consultants Vickery Holman, and Pro-Chancellor regeneration in Cornwall.

6 7 MICHELMORES PROPERTY AWARDS 2017 EDUCATION PROJECT OF THE YEAR & BUILDING OF THE YEAR

WINNER Living Systems Institute OF TWO CATEGORIES University of Exeter WINNER – EDUCATION PROJECT OF THE YEAR & BUILDING OF THE YEAR

Sponsored by:

Exeter, Devon winner of two categories in the 2017 Michelmores Property Awards, the Living Submitted by: BAM Construct UK Systems Institute at the University of Exeter Client: University of Exeter provides state-of-the-art facilities for research Project Team: Hawkins Brown, BAM Ainto some of the most severe diseases facing humanity – from chronic neurodegenerative diseases to animal and Construct UK, Mace, AECOM, Hoare Lea, plant diseases that threaten food security. Thames Formwork, NG Bailey “The architectural features throughout were excellent and the The Institute is a split-level scheme, combining a nine- storey and a seven-storey building, with a two-storey judges were particularly impressed basement running beneath both structures. The project Exeter’s Streatham Campus. A newly refurbished foyer to by the cantilevered façade. The was first conceived in 2011 and constructed between May the Geoffrey Pope building provides a modern entrance 2014 and November 2016. to both facilities, and a sky building is situated on a tricky site, bridge has been developed to yet exemplifies connectivity between The buildings comprise cell and “Architects Hawkins Brown link the Physics building to the interlinking buildings, encouraging molecular research laboratories, a collaborated with artist Nicky Institute from the north, again Biological Services Unit providing encouraging interaction and collaboration between the different facilities for disease-related Hirst to develop a cellular collaboration amongst students disciplines on the site.” research and specialist technical themed façade, reflecting the and professionals. facilities to manipulate living cells Mike Lea, Property Awards Judge and digitally analyse large data research being undertaken From a design perspective, sets. Staff and research offices, within the building. This architects Hawkins Brown meeting rooms and a 90-seat theme is continued throughout collaborated with artist Nicky seminar room have also been Hirst to develop a cellular themed which contained sensitive, long-term experiments – some build in the UK. This system is expected to reduce carbon incorporated into the building. the interior of the building, façade that reflects the research of which had been running for over 25 years. This meant emissions for the whole building by over 100 metric featuring elements such as being undertaken within the that vibrations had to be kept to a minimum and only tonnes of carbon per year. The Living Systems Institute building. The theme is continued quiet building activity could take place before 10.30am. was designed to create a exposed concrete ceilings and throughout the interior of the In addition, the two-year construction process took place People world-wide will benefit from the leading research workspace that promotes metal staircases.” building, with elements such as within a fully operational, live university campus, with that now takes place at the Institute. Students from the working partnerships between exposed concrete ceilings and strict guidelines on working hours. It was essential that University of Exeter are benefitting from world-class scientists, researchers, students metal staircases. In addition, a construction provided minimum disruption to the student research facilities at the heart of their campus, and the and professors. The buildings house 29 research groups of 9.5m long cantilever was developed, allowing for three learning experience. local economy will be positively influenced from the influx more than 200 researchers and the world’s top bio-science storeys of research and laboratory space to project out of world-renowned research teams relocating to the area. academics, all of whom have relocated to Exeter from over the campus – providing views across to the River Exe The Living Systems Institute is designed to be highly across the world. Estuary. energy efficient and achieved a BREEAM rating of Attracting and promoting world leading research is vital Excellent, with carbon emissions recorded as 25% better to the future success and reputation of the University of The Institute also forms physical connections to its The construction of the Living Systems Institute came with than BREEAM regulation requirement. Key sustainability Exeter. The Living System Institute represents the single neighbouring research buildings at the University, creating significant challenges; most notably that one of the tower measures include a demand controlled ventilation system, largest investment in the sciences by the University, as they a unified science facility in the heart of the University of blocks was physically linked to a building on the campus understood to be the first of its kind in a new commercial further establish themselves on the academic world stage.

8 9 MICHELMORES PROPERTY AWARDS 2017 COMMERCIAL PROJECT OF THE YEAR

the building site falls within the flight path for a helicopter ambulance, therefore logistic issues with cranes had to be resolved.

One Research Way also has good sustainability credentials. As part of its planning regulations, Plymouth City Council requires a 15% reduction of CO2 from ‘on-site’ renewable technologies – this was achieved through the inclusion of photovoltaic panels on the roof, giving an EPC rating of A. Further sustainability measures include access to electronic car charging points, rainwater harvesting, high-performance wall insulation panels and LED lighting throughout the building.

One Research Way was completed on time and within “The aim was to instil a sense of budget. It saw 57% occupancy within one week of community, creating space to foster completion – almost doubling its target of 30% for the same time period. The project team attribute this to collaboration and knowledge transfer the great team collaboration and sense of a ‘one team’ amongst science and technology businesses. culture. The visual impact and prominent location of 30% of the space on each floor consists of the building has significantly increased the profile of Plymouth Science Park. communal break-out space, shared facilities and ‘pod’ style meeting areas, encouraging users to interact and share ideas.”

Plan for Plymouth City Council. Local apprentices worked over 180 paid weeks on site, and 77% of the overall workforce live in the local community. One Research Way One Research Way provides over 20,250 square feet of lettable space which incorporates a flexible, innovative design to accommodate businesses of up to 80 people on each of its three floors. The floorplan was designed Plymouth Science Park to be easily adaptable to meet the ever-changing space requirements presented by growing IT start-ups and small businesses. WINNER – COMMERCIAL PROJECT OF THE YEAR The design team worked hard to instil a sense of community, creating space to foster collaboration and ne Research Way, phase five of the Plymouth Science knowledge transfer amongst science and technology Sponsored by: Park, is a state-of-the-art office block, offering eleven businesses. 30% of the space on each floor consists of business units which range in size from 870 to 2,680 communal break-out space, shared facilities and ‘pod’ style square feet. The building forms the main gateway to meeting areas, encouraging users to interact and share Othe front of the Science Park – providing high quality facilities ideas. for science and technology businesses. “The exterior of One Research Plymouth, Devon Externally, the building was primarily designed to connect Way is striking and its interior has Plymouth Science Park is the largest science and technology with the other existing buildings on site in order to further Submitted by: HLM Architects and centre in the South West. It aims to provide a complete instil the Science Park sense of community – but also to some really interesting spaces with BAM Construct UK ecosystem that supports the growth and success of science hold its own as a prominent and memorable gateway to appropriate functionality for business Client: Plymouth Science Park and technology businesses, whilst supporting the economic the site. Striking cantilevered breakout pods add interest strategy of Plymouth City Council, and the areas of research and form to the building. innovation. The judges were also Project Team: HLM Architects, BAM excellence within Plymouth University. highly impressed by the building’s Construct UK, Plymouth City Council, The project team overcame key difficulties with the level strong sustainability credentials.” AECOM, Hydrock, Hulley & Kirkwood The construction of One Research Way began in October 2015, at site – working to ensure the view of the main entrance and was completed on target in December 2016. Recruitment for was maintained, as well as saving a landmark monolith Chris Curling, Property Awards Judge the project was carried out in line with an Employment and Skills which was originally planned to be removed. In addition,

10 11 MICHELMORES PROPERTY AWARDS 2017 PUBLIC PROJECT OF THE YEAR

landfill. the Council. Changing traditional office behaviours and expectations of ownership of space has been at the heart A significant challenge of the project was to balance the of the Bristol Workplace Programme. Now, City Hall is City Hall, Bristol requirements to respect the heritage significance of the enjoying the benefits of the agile working environment Grade II listed building with the requirements of a 21st the project has created. century working environment. The fire-safety strategy WINNER – PUBLIC PROJECT OF THE YEAR Sponsored by: posed particular problems due to the increase in number of habitants of the building. Prior to refurbishment, the building accommodated approximately 500 people – it now supports up to 2,000 staff. There were also heritage “This transformation shows what constraints in remodelling stairways. Close engagement Bristol with the Council’s Conservation Officer, Historic England an authority can do to improve the Submitted by: Alec French Architects and the 20th Century Society was integral to develop a efficiency and effectiveness of what Client: Bristol City Council solution that satisfied all stakeholders. they do within that building. It goes Project Team: Alec French Architects, Public access to the building has also improved, with a long way to developing better Morgan Sindall, Bristol City Council, refurbishment to the Council’s chamber, conference engagement between the Council and Gardiner & Theobald, Arup, PLACEmaking, hall and committee rooms. Improved technology and the public, and improving the well- Donald Insall Associates upgraded furniture and fittings also ensure the building is able to better support the changing needs of the being of the people who work at City Council for many years to come – whilst enabling the Hall. It is an exciting transformation and Hall to be enjoyed by the community for a wider range of activities and events. the interior work has been finished to a tremendously high standard.” The overwhelming increase to the building’s efficiency in terms of space, as well as the incorporation of energy Thelma Sorensen, Property Awards Judge saving measures, has led to significant financial saving to

“The refurbishment process was an exemplar recycling project. Over 3,000 items of furniture were removed as part of the strip-out – 82% of which were redistributed to charities, local businesses ity Hall is a Grade II listed building, originally included upgrading mechanical and electrical systems, commissioned by Bristol City Council as its refurbishing and repairing original heritage building and organisations.” headquarters in the 1930s. A £17m refurbishment features and adapting operational building services in line project was conducted throughout 2016 – creating with agile working practices. Ca contemporary, agile working environment for staff and partner organisations with increased public access. Extensive staff welfare facilities were created on site, including a café and event catering facilities. Changing In 2013 Alec French Architects and PLACEmaking, facilities and cycling storage were also introduced in together formed ‘ADAPT’ – a collection of Bristol-based support of the Green Travel to Work Plan. workplace consultants and designers, architects and engineers to undertake Bristol City Council’s ‘Bristol Sustainability measures included upgrading the lighting Workplace Programme’. At the heart of this programme, throughout the building to LED fixtures – including a large-scale efficiency operation took place which original heritage fittings, which involved developing reduced the Council’s office estate from 38 buildings a bespoke lighting raft. The refurbishment process to just two, one of which is City Hall. This alone has also saw a major recycling project. Over 3,000 items of generated savings to the Council of £72m. furniture were removed as part of the strip-out. 82% of these were redistributed to charities, local businesses The refurbishment of City Hall required extensive and organisations, 17% were recycled and the remaining remodelling of workspaces across five floors. This work 1% used to generate energy – resulting in zero waste to

12 13 MICHELMORES PROPERTY AWARDS 2017 LEISURE & HOSPITALITY PROJECT OF THE YEAR Seaton Jurassic, Devon WINNER – LEISURE & HOSPITALITY PROJECT OF THE YEAR

Sponsored by:

the programme. This allowed timber cladding and town, including new housing developments, a hotel, roofing to be undertaken whilst the interior was new car parking facilities and planning permission prepared for fit-out. for Seaton Tramway’s new terminus. In addition, a Discovery Trail has been developed throughout the The finished Seaton Jurassic town, helping to disperse project brings together visitor spend to small innovative design and “Seaton Jurassic is a businesses in the area. interactive technology, pillar of regeneration for allowing visitors to enjoy an Seaton, now well placed When opening Seaton inspirational and educational Jurassic, HRH Princess Royal time-travelling voyage which on the tourist map in the praised the project team, brings to life the evolution of South West. It has been commenting, “Seaton Jurassic the Jurassic Coast, England’s is a real achievement and you first Natural World Heritage influential in bringing have set a fine example in Site, over the past 250 million forward further investment what you have done here. I years. It is the only centre of and job opportunities into would like to think that others Seaton, Devon its kind in the UK. will follow”. the town.” Submitted by: East Devon District Council The centre comprises Monumental to Client: East Devon District Council various internal exhibitions, historians, geologists and Project Team: Form Design Group, Kier Construction, Ward Williams including a specially adapted time-ship and a environmentalists worldwide, Seaton Jurassic has Associates, Jubb Consulting Engineers, Hoare Lea human-sized rockpool, as well as external wildlife raised awareness of the national importance of the gardens, where habitats representing the wetlands, Jurassic Coast, which displays the most complete the harbour, the beach and Seaton Hole can be record anywhere in the world of the past 250 discovered. In addition, a café, tourist information million years of the earth’s history. space and education space have also been incorporated. eaton Jurassic is a multi-use community-led visitor led by volunteers in the local community, who formed the centre that has engaged thousands of people with Seaton Visitor Centre Trust in 2007. The planning and development of Seaton East Devon’s unique geological, coastal and marine Jurassic was a ten year process, involving multiple “The judges were particularly heritage. The Trust worked in conjunction with local authorities and challenges – most notably difficulties in securing impressed with the community S the Jurassic Coast World Heritage team to secure over funding and managing value engineering. The In 2006, Seaton was designated as a Regeneration Area £4m in funding for the project. The Devon Wildlife Trust highly collaborative nature of the project also involvement in so many ways in the East Devon Local Plan. Closures to key industries in was identified as a partner for the centre in 2012 and presented practical and logistical problems. Clear throughout Seaton Jurassic. The the area had resulted in a lack of jobs for young people. planning permission was granted in 2013. communication and collaboration was necessary to building and its story co-align There were also limited attractions for the community and aid the process and meet and exceed the initial aims. visitors to the town were in decline. To achieve the most cost-effective solution, an approach seamlessly, and, most of all, it was was developed that reduced the construction programme Seaton Jurassic is a pillar of regeneration for Seaton, really a fun project to evaluate.” Ideas emerged for a new Jurassic Coast visitor centre for by manufacturing some of the components off-site. now well placed on the tourist map in the South Seaton that would champion the town’s Jurassic coastline, This included modelling the steel frame and using West. It has been influential in bringing forward Mike Leece, Property Awards Judge natural heritage and marine wildlife. The initiative was prefabricated panels to construct the enclosure early in further investment and job opportunities into the

14 15 MICHELMORES PROPERTY AWARDS 2017 HERITAGE PROJECT OF THE YEAR The General, Bristol WINNER – HERITAGE PROJECT OF THE YEAR

Sponsored by: mansard roof and structure over the octagonal tower in the south-west corner. The roof and the top floor, including the tower, were subsequently removed and replaced with an asphalt flat roof. Metal balconies from between 1916-1919 Bristol were also removed due to related damage. Submitted by: Hydrock Challenges for the construction process began at pre- Client: City & Country planning stage. As much of the hospital was still occupied, structural investigation work was difficult. When it was Project Team: Purcell, City & Country, conducted, the building was found to be surprisingly Hydrock, MLM structurally fragile. Hydrock applied reduced loading, ensuring each floor was adequate for the bare minimum “High quality craftsmanship of work so as not to disturb the structure. Where load was increased, additional support was incorporated. has delivered a wide range of accommodation, whilst layering he Grade II listed, former Bristol General Hospital Aiming to restore what was an iconic heritage asset in and keeping the interesting in the heart of Bristol was transformed into The in Bristol, the whole project team spent a great deal General, a development of over 200 luxury new of time researching and getting to know the existing parts of the building. The homes. building in order to manage the General combines good quality T refurbishment sensitively. The General provides 205 one “A two-storey ogee dome restoration and repair work with to four-bedroom apartments, was reinstated on top of Important long-lost original exciting, new design.” including a converted chapel, features were reinstated the corner turret, which John Beauchamp, Property Awards Judge triplex apartments with glazed according to the building’s history. upper floors and a penthouse has been re-designed into a A two-storey high timber ogee apartment in a unique octagonal luxury penthouse apartment. dome was reinstated on top of the tower. The development corner turret, which has been re- comprises both character homes A replica mansard roof designed into a luxury penthouse in original listed buildings, as was also incorporated into apartment. A replica mansard roof well as newly built apartments – the development, along was also incorporated into the offering contemporary interiors. development, along with new, Some properties are set around a with modern balconies in modern balconies in reverence restored central courtyard whilst reverence to the original to the original Italianate design. others benefit from views over The project also saw restoration to the Bathurst Basin. Italianate design.” many other original features, such as window and door ironmongery, At lower street level, a collection of commercial properties plaster mouldings, fireplaces and original floor coverings. were incorporated into the development to aid vitality in the immediate area. This includes three new restaurants Restoration of Bath Stone and Pennant Stone dressings which enjoy waterside views. on the building, work on the arched sash windows and stained glass roundels and the incorporation of a Originally constructed in the 1830s, with unsympathetic reinstated Bathstone fountain ensured that The General extensions made in the twentieth century, Bristol General sits well with surrounding architecture in Bristol. Having Hospital fell into disrepair and closed in 2012. City & blended into the background for many years, the Country acquired the site in June of the same year, building now sits proudly as a local landmark. planning permission was secured shortly after and the project launched in September 2014. The development has reinvigorated the area in which it sits, bringing a vibrant, exciting social scene to this part The hospital suffered severe fire damage after an incendiary of Bristol. device was dropped on the roof in WWII. It destroyed the

16 17 MICHELMORES PROPERTY AWARDS 2017 SUSTAINABLE PROJECT OF THE YEAR

“This was a complex project to design and to deliver. The end result is very impressive. Not only does the facility divert black bag waste from landfill, it also generates heat and power as the waste is burnt and this is sufficient to power 21,000 homes. The judges were hugely impressed, not only with the building but also with the Visitor Centre and the way that the design team and everyone involved with the project had St Dennis, Cornwall links with the local community.” Submitted by: Cornwall Energy Recovery Limited Sarah Buck, Property Awards Judge Client: Cornwall Council Project Team: Vinci Environment UK, Suez Recycling and Recovery UK, RPS Group The CERC features a sedum moss roof – natural to the region – on both its administration buildings and its gatehouse, providing a permanent habitat for plant, invertebrate and bird species native to the area. The construction of the CERC also made extensive use of recycled materials, particularly concrete and aggregate. Cornwall Energy The CERC also supports an administration building, which both houses the plant operations and a regional Aesthetically, the building was designed to flow with office for the team managing CERL’s various other waste the natural rolling hills of the surrounding landscape – management facilities throughout Cornwall. An interactive reflected in the curves of the Incinerator Bottom Ash Visitor Centre was developed to engage with groups of all recycling plant building and the curves of the main energy Recovery Centre ages and interests to promote education about recycling. from waste building. Native species of trees are planted A liaison group was initially set up to ensure that the local around the building, and a wetland area has been created community was actively involved in both the development to benefit wildlife. WINNER – SUSTAINABLE PROJECT OF THE YEAR and construction of the CERC, and will be used to keep its members informed of its ongoing operation. The CERC is an efficient and reliable solution for treating substantial volumes of residual waste, by turning it into Sponsored by: The key sustainable credential of the CERC is that, through enough energy to power thousands of homes. diverting waste from landfill, it reduces Greenhouse Gas Emissions. However, further sustainability measures are incorporated into the project. The site minimises its water he Cornwall Energy Recovery Centre (CERC) is the 2013, with initial site enabling and preparation work. Full consumption by harvesting rainwater and by recirculating central part of Cornwall Energy Recovery Limited construction of the CERC began in September 2013. processed water, using very little water from the local water (CERL)’s waste management strategy for Cornwall, network. It also makes use of a variety of Sustainable Urban using innovative methods to reduce and reuse The CERC comprises an Energy from Waste plant which Drainage Scheme (SUDS) components. waste.T It allows more recycling, composting and energy receives residual waste and burns this under controlled recovery to take place and reduces reliance on landfill sites, conditions to generate energy in the form of heat and power. the most costly form of waste disposal. The heat is used on site, both for the plant and to heat the “The CERC avoids the need to transport administration building, improving the overall efficiency of the thousands of tonnes of residual waste Landfill capacity in Cornwall is rapidly diminishing and building. The generated electricity is used to provide the site’s outside of the country for disposal. Aside the CERC is essential for Cornwall to avoid transporting own power, with the surplus exported to the National Grid. thousands of tonnes of ‘black bag’ residual waste to sites from the environmental cost of landfill, the outside of the county. In addition, the CERC includes an Incinerator Bottom Landfill Tax escalator has rendered landfill Ash recycling plant, which treats the residue from the After overcoming significant challenges to gain planning combustion process, separating out metals and producing the most costly form of waste disposal – permission, construction of the CERC commenced in March various grades of secondary aggregate. costs which are borne by tax payers.” 18 19 MICHELMORES PROPERTY AWARDS 2017 RESIDENTIAL PROJECT OF THE YEAR 41 UNITS AND OVER Wapping Wharf Key to the Wapping Wharf development is a new new addition to Bristol’s well-established food and drink Phase 1, Bristol pedestrian route, Gaol Ferry Steps, which runs scene, showcasing and celebrating the very best of the through the heart of the community’s independent new neighbourhood – food and drink retailers. The providing an important “Wapping Wharf was response was so positive that WINNER – RESIDENTIAL PROJECT OF THE YEAR 41 UNITS AND OVER new connection between carefully designed to reflect plans are now underway for south Bristol and the Bristol’s harbour-side history a further development of 40 city centre. Particularly units – ‘Cargo 2’. enjoyed by commuters to with its tough dockside and from the city centre, character. Materials such as In addition, a striking art people can now easily walk structure designed by artist down a pedestrianised, timber shiplap, brickwork, Karsten Huneck is located tree-lined route, which natural steel, render and towards the base of the steps. links Gaol Ferry Bridge to old cobblestones salvaged Made from weathered steel, the waterfront and a new the exposed column features public, landscaped square. from the building site a traditional Victorian pattern were all incorporated into which is lit from above with Lined with independent LED lighting, creating a retailers, Gaol Ferry Steps construction.” contemporary and unusual is a major milestone in entrance to the walkway. establishing Wapping Wharf as a vibrant shopping and residential quarter. It is also home to Bristol’s first ever Phase 1 of Wapping Wharf has been a great success retail food hub, known as Cargo, which is constructed – it has transformed a once derelict area into a from recycled shipping containers. Cargo is an exciting vibrant, exciting quarter that reflects the ethos of the historic Floating Harbour. All apartments have been sold and the retail units are fully occupied.

Phase 2 of the development, scheduled to commence in August 2017, will consist of a further 244 residential units, 81 affordable housing units, as well as office and retail space. In its completion, the phased project will also see the restoration of Bristol key listed buildings and the Old City Gaol gatehouse Submitted by: Alec French Architects to enhance the City Docks conservation area. Client: Umberslade / Muse Developments Project Team: Alec French Architects, John Sisk & Son, Touchstone Consult, AECOM, Arup, Hoare Lea, Gillespie Yunnie Architects Sponsored by: “The judges felt this was an outstanding scheme with a variety of property types. apping Wharf - Phase 1 is the first stage of the Construction of Phase 1 commenced in January 2012 and Particularly impressive is that, transformation of derelict land – located on the was completed in March 2016. south side of Bristol’s historic Floating Harbour. unusually, it looks different at This phase consists of 194 residential units, Extensive public consultation was required to reassure night to how it looks at day time Wincluding 26 affordable units and approximately 900 square local residents of the planned development. The scheme with plenty of visual interest – metres of retail and leisure space. was carefully designed to reflect Bristol’s harbourside history with its tough dockside character. Materials such both for those who live there and In 2006, the Council approved an overall plan for Wapping as timber shiplap, brickwork, natural steel, render and those passing through the area.” Wharf, setting out a development framework for a range old cobblestones salvaged from the building site were all of new homes, shops and services to create a link between incorporated into construction. This approach was well Graham Norwood, Property Awards Judge Southville and the larger-scale city centre developments. received by the community.

20 21 MICHELMORES PROPERTY AWARDS 2017 RESIDENTIAL PROJECT OF THE YEAR 40 UNITS AND UNDER

Cedar Court Rockbeare WINNER – RESIDENTIAL PROJECT OF THE YEAR 40 UNITS AND UNDER

Rockbeare, Devon Sponsored by: Submitted by: Jameson Homes Client: Jameson Homes to pre-development greenfield run-off rates. Project Team: Narracotts, Pemberton Homes, edar Court comprises eight individually Gates Consultants, TWP, Daikin & Electrix The successful launch of the Cedar Court development designed, three, four and five-bedroom resulted in two homes being sold which achieved values homes on the edge of Rockbeare, all enjoying in excess of any previously achieved in the locality, and outstanding countryside significantly above funders’ and valuers’ expectations. Cviews to the South and West of Exeter. “The homes at plots The homes at plots one to four utilise instead, beech hedging and living ivy walls were used to The site was formerly home to an one to four utilise reverse split-level designs, nestling outline terraced level gardens at each property. obsolete industrial shed, surrounded into a southerly facing slope. This reverse split-level on two sides by modest housing. The provides a deceptively modest, Internally, the homes offer bright and naturally lit open “Cedar Court lifts the quality sloping southerly aspect of the site – designs, nestling into single-storey entrance at street level, plan living with quality fixtures and fittings throughout. and the innovation of housing with its unrivalled views of the Exeter a southerly facing with a two-storey rear elevation. Plots Luxury kitchen and dining rooms feature sile-stone countryside – became the main drivers five to seven look out over the top worktops and the bathrooms offer high specification developments in the area to a slope. This provides a in taking the project forward. of the former units, ensuring every bathroom suites with free-standing stone baths and walk- new and important level. The deceptively modest, plot on the development benefits in showers, all finished with heated ceramic floor tiling. Construction commenced on the site from the far-reaching views. The soil The use of full height glazing, corner windows, feature scheme, which is on a very difficult single-storey entrance at in May 2015, and the development’s excavated to form the lower ground roof lights and galleried landings add further individuality site, benefits from exceptionally show home and marketing suite street level, with a two- floors was retained on site and used to selected homes. good views and the excitement is opened in December 2016. storey rear elevation.” to terrace rear south facing gardens. Each home is powered by highly energy efficient air maintained internally with many, The development provides eight Externally, the homes feature natural source heat pumps – with underfloor heating systems homes, seven for sale on the open stone and larch cladding to soften laid beneath ceramic tile and oak floor finishes. The not commonly found features. This market, with an eighth home custom built for the original and break-up white render panels. Plots one to four open development also makes use of a sustainable urban project is something very special.” owners of the site. All homes sit within a secure, gated onto contemporary roof terraces with frameless glass drainage system. Large surface water storage crates Peter Lacey, Property Awards Judge environment with parking and automated garages balustrading. To soften the landscape, traditional timber were constructed beneath the private access road, throughout. fencing and boundary walls were kept to a minimum – controlling surface water discharges and restricting them

22 23 MICHELMORES PROPERTY AWARDS 2017: THE JOHN LAURENCE SPECIAL CONTRIBUTION AWARD Ralph Collison, Alder King WINNER – JOHN LAURENCE “I am delighted to hand over the business to Noel in great shape and wish him and SPECIAL CONTRIBUTION AWARD the team all the best for the firm’s next chapter. I would like to thank all friends and clients who have enabled me to Sponsored by: conclude a very enjoyable career – I will be thinking of you all from afar.”

alph Collison established Alder King Property Most recently, Ralph has acted for a wide range Fuelling your momentum. Consultants in Exeter from scratch almost 30 years of developer clients on large-scale business park ago, building it into a £1m turnover business. Now developments in Exeter, including Skypark, Matford Green retired, he led Alder King in and Hill Barton Trading Estate. Rthat time to the very top of the market and is now well-established in the fabric of the South West’s Outside of Alder King Ralph is a Fellow of both the business community. Royal Institute of Chartered Surveyors, as well as the Association of Property & Fixed Charge Receivers. He To find out more, please contact: Commercial, financial and taxation advice Ralph completed a BSc in Valuation and Estate holds many other roles with organisations, including for growing businesses and their owners. Management in 1977, before joining Alder King in the Incorporation of Weavers, Fullers and Shearmen Mike Lea, Senior Partner At Smith & Williamson, we work with founders Gloucester in 1982. He then moved to Devon and and Exeter Chamber of Commerce. 0117 276 2151 and management teams providing end-to-end opened Alder King’s Exeter office in 1988. [email protected] By personal request of John Laurence, who was a leading services to meet all your financial needs. With a Ralph has been involved in many high-profile commercial property agent in Exeter, Ralph also took on his dedicated property and construction team that developments, influential in transforming Exeter’s former role as Director at Devon Historic Building Trust. truly understands the complexities of growing landscape. At Alder King, he provided strategic businesses, whether it’s raising finance, navigating development, agency and asset recovery advice to Ralph considers Grant Watson, who was Senior Partner complex tax issues, expanding globally or seeking clients throughout Devon and Cornwall. Key projects for many years at Alder King, to be the most influential an exit, we will be there to support you on your include advising Land Securities on the development of person throughout his career. This year Grant celebrated journey from vision to exit…and beyond. Exeter City Centre’s Princesshay. 60 years with the firm, and Ralph describes him as ‘a great leader, a true man of property’. Further developments that Ralph has been involved in smithandwilliamson.com include Eagle One’s purchase of the Science Park site in Having retired this year, Ralph hands over Alder King Exeter in 2013. The site, combined with their adjoining after 28 years of strong performance to a ‘very worthy office campus, provided Eagle One with 1m sq. ft. to successor’, Partner Noel Stevens. He hopes to spend enhance the knowledge-based economy that Exeter has more time enjoying his passion for both fast cars and become famous for. fine wines.

“Ralph established Alder King through tremendous initiative. He was always putting deals together and many of the great things that have happened in Exeter have seen his involvement at some point.” Nick Hole, Property Awards Judge Smith & Williamson LLP regulated by the Institute of Chartered Accountants In England and Wales for a range of investment business activities. A member of Nexia International. The word partner is used to refer to a member of Smith & Williamson LLP. 24 MICHELMORES PROPERTY AWARDS 2017 MICHELMORES PROPERTY AWARDS 2017

conditions, such as construction to withstand is profitable or loss making. Generally, it can be either weather conditions. offset against a company’s tax liability or as a cash • Identification of technological improvements in the benefit at a later date. construction process or to the products and software used. This can include developing, testing and implementing systems which are technically difficult. • Research and design, development of prototypes, CASE STUDY commissioning, including quality testing and production of the final product/ building. A company created a cladding system that had the • Development of environmentally friendly methods, or appearance of ‘normal’ brickwork but incorporated the sustainable technology. capacity for off-site fabrication, improved fire protection • Development of sophisticated systems to meet health and suitability to fast-track production. Mechanical and safety requirements, for example, innovative fixing rather than wet mortar provided strength and scaffolding, safe working processes and automation. durability, which, together with the capacity to construct • Modern Methods of Construction (MMC) and in all weather conditions, provided significant cost Building Information Modelling (BIM). savings. The uncertainty of the materials in the cladding system and the technological uncertainties surrounding Will making a claim be time consuming? fixing were qualifying R&D projects.

Making a claim can be a complex and lengthy process. This process cost the company £10,000 to research, However, the analysis can be outsourced, with little impact and then test. Using R&D tax credits the company on your business. This will allow you to focus on running could reduce its tax liability by £4,370 (based on 19% your business but still ensure you are taking full advantage corporation tax rate), or if loss making, the company Construction industry still missing of this government-backed scheme. Working in partnership could obtain a cash repayment of £3,333. with consultants Invennt Ltd, we are able to take the time- consuming research and complex aspects of making the Until April 2016, large companies’ relief involved claim away from you. However, for companies who have allowing the company an enhanced deduction when out on valuable tax breaks calculating its taxable profits of 30% (a total deduction made an R&D claim before, or who are able to conduct their own research, we are happy to analyse any potential of 130%). From 1 April 2016, the rules changed so that claim and provide specialist advice on a case-by-case basis. large companies are now only allowed to claim a tax esearch and development (R&D) within the spending to 56p for every £1 spent on R&D activities, based credit back from HMRC at a lower rate than for SMEs of construction industry continues at a staggering pace. on the current corporation tax rate of 19%. Alternatively, Is there a time limit to make claims? up to 8.8% of the expenditure. Accountancy, investment management and tax the relief can give rise to cash repayments of up to 33.3% group Smith & Williamson, who work with property of the cost for expenditure incurred from 1 April 2015, Yes. If your company has been undertaking qualifying Rand construction businesses across the South West, has even where no tax has ever been paid. R&D and has not yet claimed R&D relief, you may make conducted research that shows that R&D tax credits remain a backdated claim up to two years after the end of the R&D calculator one of the best forms of tax relief for constructors. And yet, What is R&D? accounting period. historically, they have been significantly under-claimed, In addition to our services, we have developed an R&D with nearly a quarter of firms never having heard of them. In R&D is defined as seeking advances in science or If a company’s accounting period end is 31 December 2015, calculator that can provide most construction businesses addition, recent analysis of government statistics shows that technology through the resolution of scientific or and the company has already submitted the tax return by the with a quick estimation of their potential gains and an only 0.2% of the 290,000 successful claims were made by the technological uncertainty. Such projects include the normal filing deadline of 31 December 2016, the company indication of what they’re missing out on. It is available on construction industry. improvement of existing products, processes or services, will still have until 31 December 2017 to amend the tax our website at www.smithandwilliamson.com as well as devising new ones. The relief is not just for computation and submit the R&D claim to HMRC. R&D tax credits are government-backed but are largely ‘white coat’ scientific research, but also applies to any Contact us ignored by the construction industry, whether by innovation to solve a unique problem. How do I make a claim? complexity, length of time or the requirements to claim. If you have an R&D enquiry or for any other financial advice However, they can have a huge financial benefit to your Does my construction business carry out R&D? Claims are made through your company’s corporation relating to your property or construction business, please company if claimed correctly. tax return, before being reviewed by a specialist unit contact partner Paul Bray at Smith & Williamson. Many companies overlook R&D relief as they are not aware within HMRC. To provide evidence alongside the Paul Bray, a Bristol-based partner in Smith & Williamson’s that they are undertaking R&D, particularly if they are not computation, a report is submitted outlining: the Tel: dedicated property and construction team, answers some involved in the technology sector. However, we recommend scientific or technological advance sought, the scientific 0117 376 2169 of the most frequently asked questions relating to R&D and that all companies consider carrying out a review of or technological uncertainties overcome, why the explains how to get the most out of the tax reliefs available. activities, to ensure this valuable tax relief is not lost. advances were not readily deducible by competent professionals and details of qualifying expenditure. Email: What cash benefit does making an R&D claim generate? Here are some of the types of activities which could qualify: [email protected] When would I see the benefit of making the claim? SMEs can enhance their qualifying R&D expenditure • Development or adaptation of tools and materials by 130% (a total deduction of 230%). For profitable to improve efficiency, or to adapt construction The timing of the benefit of making an R&D claim will companies, the relief effectively reduces the net cost of techniques to adapt to environmental or land depend on when the claim is made and if the company

26 27 MICHELMORES PROPERTY AWARDS 2017 MICHELMORES PROPERTY AWARDS 2017

NEW NEC4 CONTRACTS CREATION OF PRIVATE FUND LIMITED PARTNERSHIP (PFLP)

From 22 June 2017, a new suite of From 6 April 2017, investors NEC documents will be available have been able to use a new – the first major release of NEC vehicle, PFLPs. documents since NEC3, first published 12 years ago. The main benefits of this What’s next vehicle are: Key changes to expect include: for the property and construction sector? • simplified administrative • new contracts – a Design Build duties for partners and Operate Contract and an Alliance Contract • the introduction of a ‘white list’ of permitted • new contractual processes activities which partners t has been a busy period for the property and construction for the Contractor or Project can undertake without sector in terms of new legislation and initiatives. We have Manager being considered gathered some of the key changes that we see impacting the as ‘taking part in • the introduction of a dispute management’ – thus sector throughout the remainder of 2017 and into 2018. resolution period preserving their limited I liability status • changes to terminology Here are some updates from the Property team at • limited partners will not Michelmores. For more information contact: Whilst the exact content of the have to make capital or contracts is unknown at the time of property contributions to Emma Honey publication, the NEC has promised the PFLP Head of Property ‘evolution rather than revolution’. [email protected] Limited partnerships should +44 (0) 1392 687563 However, it is important to be seek advice and consider aware that there may be substantial registering as a PFLP if they changes which will have not already done so. mean, at the very CONTINUED ROLL OUT AND IMPLEMENTATION OF BIM LEVEL 2 least, reviewing existing precedents and closely liaising Building Information with lawyers Modelling (BIM) level 2 and professional became mandatory for use indemnity insurers on all public sector works in for future projects. 2016. 2017 and beyond will see further implementation of BIM – and evidence suggests it is becoming NEW MINIMUM ENERGY EFFICIENCY STANDARDS (MEES) TO COME INTO FORCE more common place in the private sector. From April 2018, new Minimum Energy Efficiency non-compliance can reach up to £150,000. BIM is regarded by some as Standards (MEES) will impact both domestic and a necessary evil – however commercial rented premises. Landlords should prepare now by conducting an by others, it is an exciting audit, addressing which of their properties fall new way of procuring and Landlords will not be able to grant new (or extend within the scope of the MEES regulations and delivering construction current) tenancies for properties with an EPC rating whether they may be subject to exemptions. projects. Whatever your point of F or G, subject to exemptions. They should also carry out thorough energy of view, BIM represents the assessments to check that EPC ratings are correct future of construction and The government estimates around 18% of and up-to-date. so will require significant commercial premises currently hold EPC F or G investment from all ratings. Landlords are likely to be the most affected Freehold investors also risk a reduction in the value stakeholders in the industry. parties as key obligations and restrictions in the of their properties if they do not meet the minimum MEES regulations will fall on them. Penalties for standard – again they should conduct an audit.

28 29 MICHELMORES PROPERTY AWARDS 2017 MICHELMORES PROPERTY AWARDS 2017

Host Marcus Brigstocke

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ABOVE (LEFT TO RIGHT): Andy McGoldrick – City & Country, Paul Hodgman – City & Country, Maria Castro – ABOVE (LEFT TO RIGHT): Richard Jeffs – Pearce City & Country, Darren Wong – Construction, Mark Davis – Pearce Construction, Hydrock, Joe Newton – Hydrock David Martin – Gates Consultants, Nick Hopkins – Pearce Construction, Dave Tithecott – Trewin Design Architects, Paul Knox – Pearce Construction

ABOVE (LEFT TO RIGHT): Cathy Edwards – Jameson Homes, Mark Edwards – Jameson Homes, James Gibbs – Jackson-Stops & Staff, Adam ABOVE (LEFT TO RIGHT): Ralph James – Met Office, Katie Russell – Met Office, Steve Nicholls – Lewis – Jameson Homes, Louisa Hooper – Jackson-Stops & Staff, Frances Lewis – Jameson Homes MET Office, Peter Clayton-White – MET Office 30 31 MICHELMORES PROPERTY AWARDS 2017 MICHELMORES PROPERTY AWARDS 2017

COMMERCIAL PROJECT OF THE YEAR PUBLIC PROJECT OF THE YEAR

RIGHT (LEFT TO RIGHT) : Chris Hoar – Michelmores, Emma Honey – Michelmores, Laurence Frewin – South Devon College, Richard Honey – Michelmores

RESIDENTIAL PROJECT OF THE YEAR 40 UNITS AND UNDER EDUCATION PROJECT OF THE YEAR

ABOVE (LEFT TO RIGHT): Nick Yeo – Blue Cedar Homes, Lucy Smallwood – HERITAGE PROJECT OF THE YEAR RESIDENTIAL PROJECT OF THE YEAR 41 UNITS AND OVER Michelmores, Tony Pollintine – Grainge Architects RIGHT (LEFT TO RIGHT): Sally Basker – Exeter Science Park, Chris Curling – Judge, Sarah Acher – Michelmores, Maureen Gori de Murden – Exeter City Council

SUSTAINABLE PROJECT OF THE YEAR LEISURE AND HOSPITALITY PROJECT OF THE YEAR

ABOVE (LEFT TO RIGHT): Steve Daughtry – West London Waste Authority, Emma Beal – West London Waste Authority, Stephen Fisher – SUEZ Recycling and Recovery UK, Tony Burge – SUEZ Recycling and Recovery UK ABOVE (LEFT TO RIGHT): Simon Teague – LHC Architecture + Urbanism, Ian Noakes – LHC Architecture + Urbanism, Sam Chidley – Exeter Science Park, Martin Simpson – LHC Architecture + Urbanism, Lloyd Brewer – LHC Architecture + Urbanism

THE JOHN LAURENCE SPECIAL CONTRIBUTION AWARD BUILDING OF THE YEAR 33 32 MICHELMORES PROPERTY AWARDS 2017

Which part of the property and construction industry is experiencing the most growth?

What do you see as the 0% OFFICE biggest challenge for the 0% RETAIL South West property & 11% EDUCATION TOURISM 11% LEISURE & 74% RESIDENTIAL 5% INDUSTRIAL construction sector over the next 12-months?

13% EDUCATION | 13% LEISURE & TOURISM | 73% RESIDENTIAL LABOUR SUPPLY 33% 0% INDUSTRIAL | 0% OFFICE | 0% RETAIL INFRASTRUCTURE 0% FUNDING 40% Where in the PLANNING 7% South West is BUREAUCRACY 20% experiencing the most growth? LAND SUPPLY 0% MATERIALS SUPPLY 0% DEMAND 0%

How is the industry faring?

TAUNTON 36% | EXETER 36% BRISTOL 14% | BARNSTAPLE 7% TRURO 7% | BOURNEMOUTH 0% 2017 2016 TORQUAY 0% | PLYMOUTH 0% 5% IN DECLINE 0% IN DECLINE 21% BOOMING 13% BOOMING 74% STABLE 87% STABLE

How do you 2017 2016 What one thing would improve expect your the South West construction & business to fare property market? over the next 12-months? Recurring themes:

IMPROVED INFRASTRUCTURE

CERTAINTY AND CLARITY WITHIN POLITICS AND BREXIT

34 Special thanks to Warwick for the evening’s audio-visual production and to Stormpress for providing the printed materials.

EXETER BRISTOL LONDON Woodwater House Broad Quay House 12th Floor Pynes Hill Broad Quay 6 New Street Square Exeter, Devon Bristol London EX2 5WR BS1 4DJ EC4A 3BF

+44 (0) 1392 688688 +44 (0) 117 906 9300 +44 (0) 20 7659 7660