Oxford-Milton Keynes -Cambridge Arc 2018

OXFORD-MILTON KEYNES -CAMBRIDGE ARC 2018

1 PRIVATE Welsh Water SECTOR CLIENTS William Davis ABOUT US Wrenbridge Land AVIVA AXA Real Estate Investment SECTORS Management PUBLIC SECTOR CLIENTS Residential Barings Advisors Rural Berkeley Homes Buckinghamshire County Council Commercial Bloor Cambridgeshire County Council Infrastructure CEG Cambridge City Council Energy & Marine Cemex Defence Infrastructure Strategic Land Connolly & Bellcross Organisation David Wilson Homes Department for Work & Pensions Dioceses in Ely, Hereford, Oxford, East Cambridgeshire SERVICES Peterborough & Portsmouth District Council

Agency Eskmuir Group English Heritage Architecture Grosvenor Hampshire Hospitals Asset Management Hallam Land Management Foundation Trust Building Consultancy Handelsbanken Hertfordshire County Council Compulsory Purchase Howard de Walden Homes England Consultancy & Strategy Linden Homes Milton Keynes Council Development Consultancy Lothbury Investment Ministry of Justice Management Investment Network Rail MEPC Mapping Northamptonshire Metro Bank Masterplanning & Design County Council Taylor Wimpey UK Planning Oxford City Council The National Trust Property Management UK Atomic Energy Authority Severn Trent Water Research West Oxfordshire Standard Life Investments District Council Valuations

2 carterjonas.co.uk WELCOME

This document contains a showcase of our work within the Oxford-Milton Keynes-Cambridge Growth Corridor.

With strong regional hubs located within Oxford and Cambridge, our property experts are best placed to meet all your property requirements across a range of services.

Bedfordshire Milton Cambridge Keynes

Hertfordshire

Oxford Buckinghamshire

Northamptonshire

Oxfordshire

Cambridgeshire

3 WE PRODUCE A NUMBER OF PUBLICATIONS AND MARKET RESEARCH REPORTS WHICH FOCUS ON THE OXFORD-MILTON KEYNES-CAMBRIDGE GROWTH CORRIDOR.

To download your copy, please visit carterjonas.co.uk/insights

RURAL VIEW

ISSUE 2 | SUMMER 2018 SPRING/SUMMER 2018 From

From CONSUMER CHANGE IS GAME EXPANSION PRESSURE COMING ON PLANS How shoppers Are you 60th birthday A firm that influence farming prepared? for Game Fair never stands still 22 Bishopsgate BPF Legendary developer, Sir Stuart Lipton, FUTURE on his latest project POLICY Terrorism AGENDA prevention Melanie Leech, Curing past mistakes CEO of the British Property Federation, FAMILY talks change The Arc Opportunities & FARMING around the Varsity Line Behind the scenes at Michael Eavis’ farm

Serviced offices Student accommodation Technology in property

CAMBRIDGE OXFORDSHIRE 2018 2018

carterjonas.co.uk 1

4 carterjonas.co.uk A SELECTION OF OUR WORK WITHIN THE OXFORD-MILTON KEYNES-CAMBRIDGE GROWTH CORRIDOR

5 This drawing is the property of FPCR Environment and Design Ltd and is issued on the condition it is not reproduced, retained or disclosed to any unauthorised person, either wholly or in part without written consent of FPCR Environment and Design Ltd. Ordnance Survey material and aerial imagery - Crown Copyright. All rights SERVICES PROVIDED reserved. Licence Number: 100019980 (Centremapslive.com)

PLANNING CONSULTANCY N

0 50 100 150 200 250m

WINTERWOODS G 2 A Warehouse: 28335m 305000 sq ft Office: 1858m2 20000 sq ft FARM C Total: 30193m2 325000 sq ft 200 car parking spaces

2 B Warehouse: 17652m 190000 sq ft Office: 929m2 10000 sq ft Total: 18581m2 200000 sq ft Acting as planning consultant to Hallam Land D 125 car parking spaces F 2 C Warehouse: 31587m 340000 sq ft Management, we are currently promoting F Office: 1858m2 20000 sq ft Total: 33445m2 360000 sq ft the allocation of land at Winterwoods Farm, 220 car parking spaces

2 D Warehouse: 23225m 250000 sq ft Bedfordshire. This is to provide a strategic Office: 1394m2 15000 sq ft Total: 24619m2 265000 sq ft logistics development close to the established B 170 car parking spaces Total: 106838m2 1150000 sq ft Marston Gate distribution park. (Based on AJA Architects drawing 5969-001 rev A) Covered and secure cycle parking will be provided for each unit in accordance with Bedfordshire Councils Local Transport Plan The site comprises of 36 hectares of agricultural Appendix F. A

E land situated to the east of the M1 motorway. A421 Farm access track J The scheme will provide for up to 1,150,000 sq ft F Existing watercourse diverted G Additional HGV parking (50 spaces) of development, including ancillary offices, car H Access to Brook Farm Business Park H planning application and HGV parking. J Gateway feature at site entrance CB/15/00744/FULL permission granted 24-07-15 Salford Road

D 17.05.2017 Site frontage to Salford Road amended. JMG C 22.08.2016 Note added to key. JMG B 11.08.2016 Unit B layout amended. JMG A 20.06.2016 Site access amended; drainage amended. JMG - 17.02.2016 First issue. JMG

rev date revision by

masterplanning Marston Gate environmental assessment distribution park landscape design urban design FPCR Environment and Design Ltd ecology Lockington Hall architecture Lockington arboriculture Derby DE74 2RH

t: 01509 672772 fpcr f: 01509 674565 e: [email protected] w: www.fpcr.co.uk

J13 client 6 carterjonas.co.uk Hallam Land Management project Winter Woods, Brogborough

drawing title ILLUSTRATIVE MASTERPLAN

scale drawn date 1:2500 @ A1 JMG 17 May 2017 drawing number revision 5505-L-20 D

InDesign file: J:\5500\5505\LANDS\Plans\5505-L-20 rev D - Illustrative Layout 1-2500.indd This drawing is the property of FPCR Environment and Design Ltd and is issued on the condition it is not reproduced, retained or disclosed to any unauthorised person, either wholly or in part without written consent of FPCR Environment and Design Ltd. Ordnance Survey material and aerial imagery - Crown Copyright. All rights reserved. Licence Number: 100019980 (Centremapslive.com)

0 50 100 150 200 250m

2 A Warehouse: 28335m 305000 sq ft Office: 1858m2 20000 sq ft C Total: 30193m2 325000 sq ft 200 car parking spaces

2 B Warehouse: 17652m 190000 sq ft Office: 929m2 10000 sq ft Total: 18581m2 200000 sq ft D 125 car parking spaces F 2 C Warehouse: 31587m 340000 sq ft F Office: 1858m2 20000 sq ft Total: 33445m2 360000 sq ft 220 car parking spaces

2 D Warehouse: 23225m 250000 sq ft Office: 1394m2 15000 sq ft Total: 24619m2 265000 sq ft B 170 car parking spaces

Total: 106838m2 1150000 sq ft (Based on AJA Architects drawing 5969-001 rev A) Covered and secure cycle parking will be provided for each unit in accordance with Bedfordshire Councils Local Transport Plan Appendix F. A

E A421 Farm access track J F Existing watercourse diverted

G Additional HGV parking (50 spaces)

H Access to Brook Farm Business Park H planning application J Gateway feature at site entrance CB/15/00744/FULL permission granted 24-07-15 Salford Road

rev date revision by

t: 01509 672772 fpcr f: 01509 674565 e: [email protected] w: www.fpcr.co.uk

J13 client 7 Hallam Land Management project Winter Woods, Brogborough

drawing title ILLUSTRATIVE MASTERPLAN

scale drawn date 1:2500 @ A1 JMG 17 May 2017 drawing number revision 5505-L-20 D

InDesign file: J:\5500\5505\LANDS\Plans\5505-L-20 rev D - Illustrative Layout 1-2500.indd 8 carterjonas.co.uk 8 carterjonas.co.uk SERVICES PROVIDED STRATEGIC CONSULTANCY

STRATEGIC JOINT VENTURE

We were appointed by Hertfordshire County Council to assist with the selection of a Joint Venture development partner. The Council had identified a substantial portfolio of land and property surplus to their operational requirements. These are mainly residential-led, divided into an initial tranche of 12 sites, an additional 40 sites at various stages of planning and further sites including two urban extensions with the potential for 6,000 homes. In selecting the partner, the Council’s outcomes were to optimise capital returns, generate long term revenue streams, drive the pace of development and develop a quality brand.

The preferred partner was selected in early 2018.

9 SERVICES PROVIDED STRATEGIC CONSULTANCY

RETAINED PROPERTY ADVISOR

We were appointed in 2014 by the County Council to act as their property adviser in relation to their property portfolio of over 800 assets. The firm’s role encompasses strategic advice in relation to the Council’s operational estate, investment advisory services, property and asset management advice in relation to assets under the Council’s ownership together with valuation, building surveying, landlord & tenant and acquisitions and disposal on the Council’s behalf.

There are a number of high profile town centre regeneration programmes on which we advise for the Council including the Waterside North scheme in central Aylesbury which is centred on the Grade II* Old County Hall.

10 carterjonas.co.uk10 carterjonas.co.uk 11 12 carterjonas.co.uk

X SERVICES PROVIDED PLANNING CONSULTANCY

SUSTAINABLE URBAN EXTENSION

We were instructed to advise on the sustainable urban extension of Milton Keynes. The project was to provide up to 1,855 dwellings, a primary school, a secondary school, a local centre, employment land, Grid Road Reserve, and substantial Green Infrastructure.

Situated on 144.46 hectares of agricultural land, the site is located in Aylesbury Vale District, but takes two points of access from the A421 in Milton Keynes.

13 13 SERVICES PROVIDED COMMERCIAL AGENCY

WINNING THE RACE AT SILVERSTONE

Silverstone Park provides the perfect location for businesses to work within a dynamic and vibrant community at the heart of the Silverstone Technology Cluster.

We have recently been appointed by park developer MEPC, over other high calibre agents, as the local letting agent for the 130-acre estate.

“There were two key areas where Carter Jonas stood out. Firstly, they are successfully growing in both Oxford and Cambridge and are already committed to understanding and developing relationships within the Silverstone Technology Cluster, to make sure that potential occupiers consider Silverstone Park.”

“Secondly, they are investing in their recruitment process. They are recruiting graduates and are looking to attract more women into the property industry. The consideration for equality and diversity within their workforce makes business sense to MEPC.” Roz Bird Commercial Director at Silverstone Park

14 carterjonas.co.ukcarterjonas.co.uk 15 16 carterjonas.co.uk SERVICES PROVIDED ARCHITECTURE

ACOUSTIC IMPROVEMENT AND INTERNAL REFURBISHMENT

The interior of Worcester College Dining Hall was originally designed by Sir James Wyatt in around 1770, with panelling and redecoration taking place in 1885 and 1965 respectively. The College wanted to see if improvements could be made to the undesirable acoustics, and at the same time refurbish the interior of the beautiful Grade I listed building.

We undertook the project, demonstrating that with careful design and attention to detail, any historically important building can contain modern lighting, audio and safety equipment, as well as better acoustics. Thankfully we were also able to keep the exceptional interior design which the original architect had envisaged in the 18th century.

Oxford Showcase 17 17 SERVICES PROVIDED PLANNING CONSULTANCY

NEW STUDENT ACCOMMODATION

Somerville College has received planning permission for two new student accommodation buildings, which together will provide 110 rooms. Named the Catherine Hughes building and the Shaw Lefevre building, the new-builds will allow the College to bring all of their under-graduate accommodation within their demise.

We ran all aspects of the planning application, including the initial pre-application process, the local Oxford Design Review process and two public exhibitions. The work involved coordinating teams of architects, heritage consultants, transport consultants, landscape architects and ecologists.

18 carterjonas.co.uk18 carterjonas.co.uk 19 20 carterjonas.co.uk SERVICES PROVIDED DEVELOPMENT CONSULTANCY

PLANNING GRANTED FOR MAJOR INFRASTRUCTURE

Vale of White Horse District Council has now granted planning consent for two major infrastructure applications. Approval of the reserved matters applications will result in a further £10m of infrastructure investment at Kingsgrove by St. Modwen this year. These consents will unlock three key phases of residential development, all of which will comprise 336 more new homes.

Previously Carter Jonas negotiated a promotion agreement with Lands Improvement Holdings and then, acting as lead planning consultant, obtained outline planning permission for a mixed use scheme including 1,500 new homes.

“After many years spent promoting the site to provide much needed new housing in Science Vale, we are pleased to have taken a major step forward towards delivering that housing and seeing the development coming to fruition.”

James Bainbridge Head of Planning & Development

21 21 SERVICES PROVIDED VALUATION

ASSET PORTFOLIO VALUATIONS

We have been retained by Oxford City Council to provide asset valuations in respect of Operational and Investment Fund assets. The portfolios are equally balanced in terms of asset number, with in excess of 100 assets in each.

The Operational portfolio includes a wide range of assets, including the Town Hall. The Investment portfolio contains a mixture of office, retail, storage, student accommodation and agricultural buildings. It also includes The Oxford Covered Market, which began in 1772-4 and was rebuilt and enlarged in 1834-40. “Carter Jonas has been involved with the delivery of asset valuations for Oxford City Council over the last three years, covering both our investment and operational portfolios. Throughout, they have delivered in a professional and timely manner to meet challenging timelines and requirements.”

Mike W Scott Senior Estates Surveyor at Oxford City Council

22 carterjonas.co.uk22 carterjonas.co.uk 23 24 carterjonas.co.uk SERVICES PROVIDED AGENCY AND DEVELOPMENT CONSULTANCY

ELY LEISURE VILLAGE

After being appointed by East Cambridgeshire District Council, we were tasked with identifying, interviewing and negotiating the appointment of a development partner to take forward the proposed scheme. Having successfully demonstrated their credentials, Turnstone Estates were appointed and retained us to provide market analysis, refine the proposed scheme and secure forward funding.

£15.7 million forward funding was secured from Standard Life Investments for the project, with our team subsequently leading on the marketing and disposal of the 47,000 sq ft development with disposals to various national brands including Cineworld, Chosen Bun, Arbuckles, McDonalds, Costa Coffee, Frankie & Benny’s, Hungry Horse and KFC.

25 25 MEET MANAGEMENT Supported by a national network of 37 offices and 700 property professionals, our team is renowned for their quality of service, expertise and the simply Graham Pepper Richard Fyfe Partner, Head of Property Partner better advice they offer Management [email protected] their clients. [email protected]

COMMERCIAL AGENCY & CONSULTANCY

Scott Harkness Jon Silversides William Rooke Partner, Head of Commercial Partner, Agency Partner, Commercial Development [email protected] [email protected] Agency & Consultancy [email protected]

Will Mooney Richard Waterson Kate Lea Partner, Agency Partner, Strategic Consultancy Associate Partner, Commercial [email protected] [email protected] Development Agency & Consultancy [email protected]

26 carterjonas.co.uk ARCHITECTURE & BUILDING CONSULTANCY

Richard Harris Keith Fuller Alain Torri Partner, Building Consultancy Partner, Building Consultancy Head of Architecture [email protected] [email protected] [email protected]

PLANNING & DEVELOPMENT

James Bainbridge Colin Brown Emma Jewson Partner, Head of Planning & Partner, Planning Partner, Development Development [email protected] [email protected] [email protected]

Huw Mellor Mark Hyde Partner, Planning Partner, Planning [email protected] [email protected]

27 37 OFFICES ACROSS THE COUNTRY, INCLUDING 13 IN CENTRAL LONDON

Bangor Marlborough Rural Bath Newbury Bath Commercial Northampton LONDON OFFICES Boroughbridge Oxford Birmingham Peterborough Cambridge Central Shrewsbury Cambridge North St Albans Cambridge South Suffolk Harrogate Taunton Kendal Truro Leeds Winchester Marlborough York

Barnes Holland Park & Notting Hill Barnes Village Hyde Park & Bayswater Chapel Place Knightsbridge & Chelsea Earls Court & South Marylebone & Regent’s Park Kensington Mayfair & St James’s Fulham Bishops Park Wandsworth Fulham Parsons Green Waterloo

01223 368771 01865 511444 One Station Square, Mayfield House, Cambridge 256 Banbury Road CB1 2GA Oxford OX2 7DE carterjonas.co.uk/cambridge carterjonas.co.uk/oxford

@CarterJonas