THE PEEL GROUP REVIEW 2017

POSITIVELY IMPACTING PEOPLE’S LIVES POSITIVELY IMPACTING PEOPLE’S LIVES 1715 1761 1850 1882 Liverpool builds the Frances Egerton, the first Sir Robert Peel, Prime Minister and Businessman Daniel Adamson world’s first commercial Duke of Bridgewater, builds the founder of the Metropolitan Police, becomes champion promoter wet dock Bridgewater Canal to transport dies. His home town of Bury, where of the Manchester Ship Canal coal from his mines in Worsley to his father’s textile business was although he does not live industrial areas of Manchester founded, mourns him and erects to see its completion in 1894 Peel Tower in his memory

1930 1971 Built in the grounds John Whittaker of Speke Hall, Liverpool, acquires Peel Mills, Speke Airport starts commercial the foundation of flights to Croydon Airport via The Peel Group Barton Aerodrome in Salford - now City Airport and Heliport

1987 1997 1998 2004 Olayan Group Peel invests in airports with the Following a House of Lords Peel Holdings is taken becomes a shareholder acquisition of Liverpool Airport, decision confirming private and rebrands in Peel upon the acquisition subsequently renamed planning in 1995, as The Peel Group of Boundary Post Ltd in honour of John Lennon The Trafford Centre opens

2007 2008 2011 2016 The BBC signals its intention 50:50:50 Peel exchanges its investment Liverpool2 deep water to move jobs to Manchester Peel launches in The Trafford Centre container terminal, in 2004 and the Salford Quays The Ocean Gateway for shares in intu Properties built by Peel Ports, site is chosen. Construction officially opens of MediaCityUK commences in 2007 and opens in 2011

4 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 5 CONTENTS

Introduction 8

The Peel Group Overview 10

Peel Ports 28

intu Properties 34

Peel Land and Property 40

Other Investments 46

6 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 7 THE PEEL GROUP: INTRODUCTION THE PEEL GROUP: INTRODUCTION

FOREWORD 17% of passengers currently flying out directors are successfully growing each of their local Yorkshire airport adds to of our businesses and it’s the talent and FROM THE the potential. We also anticipate growth dedication of these people which will for Durham Tees Valley Airport as it continue to grow Peel. CHAIRMAN continues to reinvest itself and its assets, We still have a long way to go, but we We have experienced another year of and also for City Airport and Heliport, own the assets and have the people consolidation and growth across all of so well located close to TraffordCity, to take us where we want to be. Our our investments; transport, retail and Manchester and its city region. investee businesses still have in excess leisure, property, land, energy and Very few companies boast Peel’s of 70,000 acres of land and water and utilities, with all our teams working diversification and expertise across so the opportunities that come with it tirelessly towards our shared vision many sectors; land, property, utilities, to explore. The challenge, for us, will of continuous growth fuelled by energy, environmental, logistics, ports, be to replenish these land banks, not reinvestment. airports, media, retail and leisure. It’s the piecemeal, but through significant and We are proud to be breaking ground power of the synergies between these strategic acquisitions which hold real in a number of areas, notably, within businesses that gives Peel its unique potential. JOHN WHITTAKER Land and Property Group, where insight and exceptional platform for the It is testament to our shareholders, the we established a new platform for future. Olayan Group and Tokenhouse, which development and investment in modern Peel Ports has this year performed To enable us to achieve our £50 billion share our vision and allow us to plough warehousing, Peel Logistics Property, exceptionally well, completing the development programme and to go profits back into the business, enabling in partnership with management and world acclaimed Liverpool2 deep forward with greater impetus, our us to drive forward with our strategy Macquarie Group. Within our other water container terminal, during very strategy of ‘less is more’ will be key to to regenerate, create jobs, wealth and investments we also established a new tough market conditions. It has already accelerating our success. By reducing economic prosperity. partnership in the growth market of commenced its phase 2 expansion plans. our equity and securing the support utility networks with Ancala Partners, Peel’s future is very bright and we will There remains a huge opportunity of strategic partners such as Legal & Leep Utilities. continue to forge ahead, working to within Peel Airports. Since taking back General, Macquarie Group, Deutsche the best of our ability, on a National, Indeed all parts of the Group performed a controlling ownership of Liverpool Asset & Wealth Management and Ancala European and Global scale with the well with valuation increases across Ports John Lennon Airport in 2014, it is now Partners we spread our capital further, honesty, integrity and humility for which and Land and Property. These increases in a profitable position and has recently yet still maintain management and apply we have become known and respected. were slightly off-set by a decrease in published its exciting expansionary expertise in these areas, enabling us to achieve our goals much faster. share prices across our listed portfolio 2050 masterplan. With the enhanced There is no limit to what we can achieve, (intu Properties, Harworth, Hammerson accessibility linking Doncaster Sheffield It’s a strategy which has been working Peel is here to support the communities and LandSec). We believe that this is Airport to the Great Yorkshire Way and exceptionally well for MediaCityUK and in which we invest in perpetuity. largely as a result of changes in the the motorway network, coupled with the Peel Ports. political landscape. The underlying transformational potential of an airport John Whittaker performance of these companies station on the East Coast Main Line, Of course it’s the people that make Chairman remains strong. We have every Doncaster Sheffield Airport has huge a company and drive its success. DETERMINATION, confidence that the share prices will potential. The leakage of passengers Supported by a talented, ambitious PERSEVERANCE recover to reflect this. from the Airport’s catchment with only and enthusiastic team of people, our AND PATIENCE

8 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 9 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

STEWARDSHIP The Peel Group Supervisory Board

John Whittaker Executive Chairman The Peel Group

Neil Lees Steven Underwood Deputy Chairman Chief Executive The Peel Group The Peel Group

Hani Lazkani Tom Allison Robert Hough Chris Eves Paul Wainscott Non Executive Non Executive Non Executive Finance Director Finance Director & Chairman & Chairman IOM Peel Ports Peel Airports

Peter Hosker Peter Nears John Peter Whittaker Mark Whitworth David Glover Legal Director Executive Director Group Corporate Chief Executive Land & Property Strategic Planning Development Peel Ports Operations Director

James Whittaker Mark Whittaker Louise Morrissey Stephen Wild Land & Property Land & Property Land & Property Land & Property Development Director Property Director Planning Director MD, MediaCityUK

10 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 11 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

WE CREATE THE FUTURE FROM GROUP PERFORMANCE Together, the Group’s investments and OUR PROUD PAST TO POSITIVELY It’s pleasing to report that in the last year, its partners both public and private IMPACT PEOPLE’S LIVES the Group has seen its investments in contribute to the wellbeing of the UK Our long standing Land and Property and Ports grow by economy. Metrics measured over the last 10 years illustrating the positive vision is founded 10%, albeit this has been partially offset impact on people’s lives include: on the conversion by the reduction in the value of our listed Neil Lees of natural assets investments post the EU referendum. Deputy Chairman The Peel Group into sustainable businesses or environments. We strive INVESTING to grow and turn these natural assets into businesses, investments or property, £5.4BN £850M CAPITAL through ports, airports, energy, retail, INVESTMENT leisure, hotels, venues or residential Overall, these investments extend to over developments for family homes or 70,000 acres of land and water, 40 million apartment living. MediaCityUK sq ft of commercial space and 50 million sq ft of future development. In the Our aim is to create places where STRATEGIC APPROACH last year, we have seen the underlying businesses and people can flourish, businesses within the portfolio invest Today, The Peel Group is an investor, land thereby making a lasting contribution or facilitate an investment of circa £850 10.5M SQ FT owner, developer, manager and operator EMPLOYMENT to the economic and social wellbeing million. This pioneering investment, often of a range of businesses and investments FLOORSPACE of the UK. in a development space that does not held either directly or indirectly through attract traditional investors, drives growth in Since 1971, when the foundations of shares in private and public companies. economic activity, employment and homes. Peel today were established by John As owner and manager, our investments Whittaker, we’ve built a strong and Peel’s strategic objective is always to unique reputation for delivery of a generate activity that provides insight prioritise opportunities with prospects multiplicity of places or investments into the behaviour of businesses and for superior long-term growth. In doing 133,000 across the UK from Kent to Scotland. consumers encompassing: PERMANENT JOBS so we utilise expertise derived from (66,000 IN NORTHERN POWERHOUSE) We recognise our role as the custodian TRADE FLOWS intimate knowledge and understanding of key infrastructure with a history that COMMODITY DEMAND from a diverse portfolio to inform the dates back over 300 years from the RETAIL AND LEISURE SPEND choice of investments. world’s first commercial wet dock in DISTRIBUTION AND Liverpool through to transformational Accordingly, in selecting investments POINT-OF-SALE CHANNELS or developments, Peel responds to commercial destinations such as LEISURE AND BUSINESS TRAVEL MediaCityUK. As the custodian of changing conditions in the political, GVA £27BN ENERGY MIX OVER 10 YEARS many historic assets, the Group is regulatory, market or technological also recording their valuable history, spectrum that create industries or Our investments are not only key protecting heritage, as well as delivering economic cycles. At present, we economic engines or contributors, they new strategic developments that provide see opportunities in the transport also have significant beneficial social homes or employment for the current infrastructure, industrial and logistics impacts from their activities. and future generations. sectors, housing supply and utilities CSR strategies underpin the Group deregulation, as well as the generation and its investments; some illustrations and efficient distribution of energy. are on pages 18 to 21.

12 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 13 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

STRATEGIC PLANNING CHAMPIONING GROWTH ACROSS THE UK Our aim is to work in partnership to objectives and provides the attractive support the economic and spatial planning places international investors seek. We policies, which promote sustainable also engage actively with the voluntary, growth across the country, particularly charitable and education sectors, including in the North of England. Ensuring the our universities. Our ‘acorn to oak tree’ assets of the Group contribute as much investments over many decades prove the as possible to the strength of UK Plc will value of working with strategic partners. be particularly important as we enter new PARTNERSHIPS: ACCELERATING AMBITION trading relationships after the nation’s exit Peel champions and promotes bold from the European Union. Our long term visions; visions that have required Our investments and businesses are partnership with the private, public approach, taking a strategic view to the determination, perseverance and capital intensive. To deliver ambitious and third sectors illustrated by several development of and reinvestment in our patience to deliver: The Trafford Centre, expansion or development, our success notable relationships. projects, is paramount. It has been this MediaCityUK and Liverpool2 are examples has been enhanced by working in strategy which we have followed for the of transformational schemes that have provided the catalyst for investment by CORPORATE PUBLIC & THIRD SECTOR last four decades that continues to guide us as we look forward. We strongly believe other partners. Funding the first steps in that a more balanced economy is critical creating new destinations helps to secure to the UK’s global success. It is essential a platform where multiple stakeholders that investment in new infrastructure can invest their captial, resources and and transport in the North allows all energy into a shared strategy. These communities to flourish and contribute to major developments within the regions, the nation’s international performance. including the North of the UK and nationally have contributed materially to Currently, we work with many different the economic prosperity of the country. organisations and groups to ensure we support shared strategies for driving economic growth. This includes national and local government across the country. We have co-operated with Government oceangateway.co.uk northernpowerhouse.co.uk Peel launched the Ocean Peel is a supporter of the Departments, including BEIS, DIT, Gateway initiative in 2008 Industrial Strategy and The DCLG and the HCA in the formulation to act as a cross boundary Northern Powerhouse catalyst for investment. of the Industrial Strategy and Northern Powerhouse initiative to support the UK’s global ambitions. Tireless work by national partners in the CBI, BPF, HBF and Business North is supported across the Group. atlanticgateway.co.uk businessnorth.org Peel is a founding Peel is a founding partner of Our work in the regions in co-operation member of the Business North, a leaders’ with Local Enterprise Partnerships, Atlantic Gateway. network representing the voice of business in the Chambers of Commerce and Local north of England on issues of Government, helps support regeneration economic growth.

14 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 15 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

PIONEERING DELIVERY A LONG-TERM CHAMPION FOR REBALANCING THE UK ECONOMY To unlock future potential and introduce sectors. Together over the next 20 years, Illustrated by our ideas around economic catalysts, placemaking, inward investment through Peel’s there is opportunity to drive capital transport and energy resources. investee companies is only achievable investment, create permanent jobs, build working in partnership with Government new workspace and homes, and improve ECONOMIC CATALYSTS PLACEMAKING and across the public and private productivity. Sheffield City Region’s advanced The parklands concept creates new homes manufacturing innovation district (AMID) is in sustainable urban fringe extensions, anchored by Doncaster Sheffield Airport (DSA) protecting valuable areas and releasing lower in an innovation corridor. DSA also has the quality land to meet housing demand. potential to relieve aviation congestion in the South East via the East Coast Main Line. £53BN CAPITAL INVESTMENT

363,000 PERMANENT JOBS DSA and Aero Centre Yorkshire Mossland Park, Greater Manchester

TRANSPORT AND LOGISTICS ENERGY AND RESOURCES Encouraging productivity, growth and Supporting sustainable, low carbon 86M SQ FT international trade via enhanced port, road and affordable energy supplies with WORKSPACE and rail infrastructure at the Port of Liverpool unconventional gas, new industry and and Port Salford. supply chain opportunities. 115,000 HOMES GVA £140BN OVER 10 YEARS Liverpool2 Protos, Cheshire

16 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 17 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

CSR AND CASE STUDIES FROM OUR INVESTMENTS SUSTAINABILITY PEEL PORTS

At The Peel Group we are committed to that our investee companies have been deliver benefits to communities and the working on this year are shown in the environment in everything we do. We following case studies. believe in being socially responsible and have been investing in the communities in The Peel Group and its investee which we work in for more than 40 years. companies also take part in fundraising Our philosophy is based around our three opportunities to contribute to their pillars of sustainability, illustrated below. nominated charities. During the year, The Peel Group donated to the We encourage sustainability in all of our Manchester Emergency Fund via the The game challenges young pupils to investee companies and are pleased to British Red Cross to support those INSPIRING YOUNG PEOPLE IN MERSEYSIDE find the most efficient way to transport see them all prioritising CSR and giving affected by the 2017 Manchester Arena cargo to customers in the North West back to the communities in which they attack as well as making a corporate Peel Ports’ Liverpool staff will be from China using a combination of air, operate. Some examples of the projects donation to The Christie. helping young people to understand sea, road and rail. Each round, students how logistics and the global supply are tasked with delivering a real product chain work through an innovative new to local companies such as B&M Retail The three pillars of sustainability board game called Business on the and Jaguar Land Rover to illustrate the Move. kinds of decisions those working in the supply chain have to make daily. The game was successfully piloted at The Everton Free School with year 12 Crucial transit points such as the new students facilitated by a team of rising Liverpool2 and Liverpool John Lennon stars in the business. It is hoped that Airport feature in the game and visits like this will inspire young people Environmental feedback has been positive. Peel Ports to consider a career in the industry and Responsibility hope to engage 200 schools in the also learn about the transformative coming year, rolling out a newly created investments Peel Ports Group are Liverpool centric version as part of the Economic Communities making in the region. Cargo 200 initiative. Investment

18 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 19 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

PEEL LAND AND PROPERTY GROUP

ISO 50001 SUSTAINABLE STAFF CONFERENCE 2017 Peel Land and Property is proud to be the first major property company For their third annual staff conference, to achieve the energy management Peel Land and Property worked standard ISO 50001 which was closely with EventCity to increase awarded in 2015. It promotes the sustainability of the event. The sustainability across its diverse range Green Team liaised with the Head of of assets. Catering at EventCity, who sourced 100% compostable cups and lids from Vegware. The cups and lids look the same but use low carbon plant- based materials to replace the plastic components and can be composted along with food waste. Peel Land and Property supports the charity Once Upon a Smile which does INTU PROPERTIES PACKAGING amazing work for bereaved families in the North West and further afield. The other major area of waste intu Based in Trafford Park, this charity looks at is packaging. At intu Uxbridge, The Green Business scheme is run by FOOD WASTE REDUCTION provides financial support, respite a new pilot is diverting more general Groundwork, a local environmental and continued emotional support for With more people visiting intu waste to an offsite facility to better charity based in Trafford Park, who many families who find themselves in centres every Saturday than go to utilise their onsite resources, and at will help Peel Land and Property devastating circumstances with the loss Premier League matches, what intu intu Metrocentre an onsite materials demonstrate its commitment to green of a parent or child. does with food waste is high on its recycling facility for plastics and business objectives. Membership gives priority list. intu has a number of food cardboard has opened that gives intu Specifically, funds contributed have access to their Green Business Awards waste projects including dewatering a higher value rebate and reduces the helped the charity fund a respite scheme, which Peel Land and Property machines at intu Metrocentre and intu amount going to general waste, the residential weekend for bereaved intends to enter in the future. Potteries, which separate water from most expensive type to dispose of. children which provides teenagers with food waste to reduce the amount of a well-deserved break away from the food sent to anaerobic digestion. intu ALTERNATIVE ENERGY sadness and pain, a time to ‘be a child’ is also piloting a BidWhale system, Solar panels installed at intu Chapelfield and to build positive relationships with which collects waste for recycling into are expected to meet 10% of the other grieving children and share their renewable energy in the form centre’s annual energy needs. The thoughts and feelings. of biogas and organic fertiliser. panels will pay for themselves in nine years, giving intu up to 21 years of cost- free and carbon-free energy. *listed investments

20 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 21 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

OUR PORTFOLIO TRANSPORT Our aim is clearly set minimal dividend and continually AND LOGISTICS out by our reinvesting in new projects alongside shareholders: to strategic acquisitions, our approach is OF UK TRADE WITH deliver sustainable to grow the value of our investments NORTH AMERICA HANDLED BY THE growth, achieved by over many decades and continue their 45% PORT OF LIVERPOOL Steven Underwood recycling capital to contribution to the communities in Connecting the UK for international Chief Executive The Peel Group reinvest over the which they operate. We invest directly trade, ports are essential to the long-term. By taking or indirectly through our portfolio of wellbeing of the UK economy. investee companies as shown below. While in Great Yarmouth, investment is As an island nation, over 90% of imports linked to the energy sectors including and exports travel through the UK’s some high profile offshore wind projects. l menta S ports. iron up nv er R E eg y & io At the Port of Sheerness, its 20 year rg na ne l C E e In the last year, we continued to invest masterplan was approved, giving the port n s tr ct e e s in port infrastructure, particularly in a platform for growth. Elsewhere, the j ro T o P c w Liverpool which saw the launch of decline in coal fired energy production i n g e Y & t RT Liverpool2 by the Secretary of State a E IN C has seen the Ports team reposition its r P t O T R U it S P P y ) R for International Trade. Peel Ports’ new D % O C Hunterston Port as Hunterston PARC, N 0 e 0 ( P e t A 1 2 ( 7 E n a t deep water container terminal has the t % R D P r a multi-modal centre for exporting, s N U ) T e E I s E l A O capability to take the largest container a L R S importing, processing and distributing

* e L G

R E vessels in the world and significantly resources that support economic growth E P increases the container throughput in Scotland. With its deep water port capacity of the Port of Liverpool. and excellent rail and road connections,

s e Liverpool is closer to circa 60% of the UK Hunterston PARC is a unique site, with in u P S n E e * P T population than the traditional southern V p excess of 300 acres of development land. o E R u r L E N t o s ( P H E s r 5 container ports which currently handle 0 O T ie G M t S % R O li h T T i t h S S t r i ) 90% of the UK’s containers. We believe p E U o p V rw in IN e a g r that Liverpool2 offers a compelling su H i S Le * h c proposition of reducing costs, carbon ip s se bu io d i ud an ld St L and congestion through its location and ing & tion n* R Avia so ep er capability and it is supported by over air mm Ha 200 leading businesses in the North. Peel Ports has also now committed *Listed Investments to phase 2, bringing further capacity Forecasts for air travel in the UK, increases. even after including some adjustment KEY INVESTMENT THEMES for the UK leaving the EU, still show Our investments span a Major capital investments also took place substantial annualised air passenger wide range of sectors. They in Heysham and Great Yarmouth. With are linked by a number growth to 2030 and beyond. of key themes and are in the new link road connecting Heysham TRANSPORT RETAIL AND LAND AND ENERGY, businesses that have a key AND LOGISTICS LEISURE PROPERTY UTILITIES AND Port to the M6, investment is being Our principal aviation investments in role to play in the fabric of INFRASTRUCTURE delivered to meet growing demand. Liverpool John Lennon Airport and our economy and society.

22 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 23 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

Doncaster Sheffield Airport have both RETAIL LAND AND seen exceptional growth in passengers, AND LEISURE with over 6 million passengers now PROPERTY

handled, a growth of 12% year on During the year, we have increased We continue to expand our investments A shortage of housing supply year. Investment in Liverpool John our investment in super prime across the whole spectrum of land and alongside strong and growing demand Lennon Airport, alongside our partner, shopping and leisure destinations by property, and in the year there has been has been fuelling the housing crisis Liverpool City Council, with a £15 million raising our holding in intu Properties, a strong focus on logistics, housing across the UK for many years. programme in improving passenger and more recently acquiring a supply and placemaking. facilities is reflected in all time high strategic stake in Hammerson. Overall the Peel Land and Property intu Properties continues to expand, passenger satisfaction levels. We are By supporting solutions for rapidly portfolio is capable of delivering in recycling capital into prime retail and seeing strong support for our airports changing distribution channels, we can excess of 100,000 homes and has entertainment destinations with the from passengers once they experience help retailers and manufacturers adapt made significant progress with circa acquisition of Xanadu in Madrid and the easy surface access connectivity, 6,000 homes consented in the last year. the remaining 50% of Merry Hill in to the challenges of online retail. Our efficient passenger handling and quality In its 2017 Housing White Paper, the Birmingham. intu and Hammerson own increased investment in Peel Logistics retail, food and beverage offers. Our Government committed to ‘breaking and operate enviable portfolios of the Property recognises the changing mix strategic aim is to see more passengers best prime shopping and entertainment of retail and distribution space. down barriers’ and ‘taking the big, and airlines recognise the quality, hassle- destinations in key out of town locations difficult decisions’ to build more of the free travel options available from our Peel Logistics Property is a joint venture and in core city centres. Across retail, we right homes in the right places, build with Macquarie Group and an experienced ‘best in class’ airports in Liverpool and see the continuing integration of online faster and diversify the market. Peel is management team led by the former Doncaster Sheffield. and offline. Shopping destinations and playing an important role in bringing Evander Properties executive directors. physical stores are merging the online forward a large and diverse portfolio of housing for sale and rent, including high shopping experience with experiential Collectively our Peel Logistics Property density ‘Strategic Waters’ regeneration offers only available in physical stores. team has in the past developed 6.1 This adds to the recreational, social and schemes and sustainable urban parkland million sq ft of logistics space and is destination experiences for friends and developments. currently fundraising to provide capital family, making the centres much more that will help to deliver a portfolio gross than just shopping. LIVERPOOL JOHN LENNON development value of £2 billion over the AIRPORT TARGETS INCREASE OF THE TOP 25 SHOPPING CENTRES next ten years. IN PASSENGER NUMBERS TO 10 IN THE UK ARE OWNED BY INTU In our direct property investment business, 7.8M PASSENGERS Peel Land and Property Group, we also MEDIACITYUK HAS BEEN PER ANNUM BY 2030 TRANSFORMED INTO THE HEART OF continue to see further investment in THE REGION’S CREATIVE AND DIGITAL 250 SMES retail and leisure, be it in convenience-led COMMUNITY WITH MORE THAN CALLING IT HOME retail parks or lifestyle outlet malls. These provide opportunities for convenience and premium brands to reach their customers with a different offer in attractive DONCASTER SHEFFIELD AIRPORT NAMED destinations. A programme of upgrading BEST SMALL AIRPORT our retail parks is enhancing returns for Peel and our retail partners whilst we IN THE UK continue to see exceptional growth in BY CONSUMER GROUP ‘WHICH’ our Lifestyle Outlets in Gloucester and 2017 Manchester.

24 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 25 THE PEEL GROUP: OVERVIEW THE PEEL GROUP: OVERVIEW

A strong emphasis is given to green spaces – such as country estates, placemaking by Government from the waterways and linear parks. Social initial concept to delivery, illustrated sustainability is achieved by providing by our Strategic Waters regeneration quality homes for all, including affordable projects in Manchester, Trafford, homes to rent and buy, investing in new Liverpool, Wirral, Glasgow and social infrastructure such as schools and Chatham but also to sustainable urban local community facilities and creating extensions to major towns and cities. environments for healthy living.

With demographics, lack of housing Local experience around the country supply and lifestyle choices all creating provides an insight to the causes of the the need for more rented homes, housing crisis. In some areas, the need investors are becoming increasingly to plan positively for the right housing willing to get involved with build to rent in the right places is being recognised, homes. It’s pleasing that demand for difficult decisions are being made and high density homes designed and built innovative approaches taken. In many specifically for renting with good onsite others the symptoms and causes of the amenities is strongly aligned with our housing crisis identified by the White Strategic Waters regeneration schemes. Paper can be seen first-hand. A key issue Protos for the Peel Land and Property Group An innovative ‘parkland’ concept has and our investee company Harworth been applied to our urban extension Group over the coming year will be the projects, whereby new development can extent to which the Government will act ENERGY, UTILITIES AND INFRASTRUCTURE be paired with strategic landholdings to hold local and devolved authorities to Elsewhere in energy, our teams have to secure capital investment in the account over the scale and timeliness of We also see opportunities in the secured and developed over 200MW of creation, and the ongoing maintenance, housing plans. utilities market with the Government’s of large scale biodiverse and recreational drive to create competition for the wind farm capacity, having successfully benefit of commercial and residential completed circa 60MW in Cheshire and Kent in the last year. customers. In this context, we have formed a JV with However, the Government’s changing Ancala Partners to develop a multi-utility strategy towards renewable projects infrastructure platform named Leep is driving Peel’s teams to explore Utilities. Leep is already an Independent standalone decentralised energy Distribution Network Operator (IDNO), generation opportunities. one of only seven IDNOs in the country and operates an Ofwat regulated Inset We are also creating energy focused Appointment at MediaCityUK. These development schemes, for example licenses allow Leep to own and operate at Protos in Cheshire, a flagship regulated utility networks and therefore £700 million energy-led destination, target all new residential and commercial launched in the last year by the developments across the UK (including Northern Powerhouse Minister. both Peel’s development pipeline and Glasgow Harbour 3rd party schemes).

26 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 27 PEEL PORTS

Liverpool Container Terminals

28 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 29 PEEL PORTS OVERVIEW PEEL PORTS OVERVIEW

PEEL PORTS PEEL PORTS’ PURPOSE MORE THAN PORTS Peel Ports’ purpose is to provide “Port Centric Logistics Solutions” delivered by a The Peel Group owns 50.1% of the Peel Ports also invests in ship building, series of initiatives that build momentum with existing customers and extend and Peel Ports Group with the remaining ship repair and heavy fabrication through transform the capability of current assets to attract new customers. 49.9% being held by funds managed by Cammell Laird and A&P Group as well Deutsche Asset & Wealth Management. as being the owner and operator of BG Peel Ports owns or operates eight ports Freight, a £100 million turnover Short CORE STRATEGIES across the UK and Ireland. Sea Services provider. Supporting the purpose are the core strategies that will serve to drive the way Peel Ports develops and manages its Group activities. These are as follows;

CLYDEPORT • Take advantage of central commercial relationships, exploiting scale DUBLIN • Continue to build an organisational and operating HEYSHAM model that provides opportunities to benefit from LIVERPOOL investments in scale

MANCHESTER • Integrate shipping to advantage the ports. SHIP CANAL Use BG Freight Line to drive profit and to boost all ports in their development and competitive plans GREAT YARMOUTH

65M 45% 1100 TONNES OF OF UK TRADE WITH NUMBER LONDON GOODS NORTH AMERICA OF PEOPLE FALMOUTH MEDWAY SHIPPED HANDLED BY PORT EMPLOYED OF LIVERPOOL Peel Ports provides port-centric logistics and west of the UK, Peel Ports invests solutions. Working with importers and in its people, assets and technology exporters, shipping lines and logistics to ensure that it brings sector-leading service providers, rail operators and innovation, operational discipline and hauliers and businesses in numerous service flexibility in a safe environment. industrial sectors from all around the Peel Ports pioneers new services, 1 MILLION world, to improve the efficiency and the supports emerging markets and builds TOTAL CONTAINERS (TEUs) environmental impact of supply chains. better facilities for its customers and HANDLED ANNUALLY ACROSS With ports in the north, south, east communities. THE PEEL PORTS NETWORK

30 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 31 PEEL PORTS IN FOCUS PEEL PORTS IN FOCUS

PORT OF LIVERPOOL LIVERPOOL2 OPENS LIVERPOOL2 AND NEW BIOMASS TERMINAL This year has been an exciting one for Peel Ports and the Port of Liverpool. In November 2016, Peel Ports opened its £400 million investment in one of the world’s most modern deep water £400M container terminals, Liverpool2. The INVESTMENT OF UK TRADE WITH facility provides a state of the art ocean NORTH AMERICA HANDLED BY THE PORT gateway for UK importers and exporters OF LIVERPOOL Liverpool2 with road, rail and canal connections linking directly to the heart of the UK Also in the last year, a new biomass The central element of the partnership mainland, easily accessing a catchment terminal at Port of Liverpool opened. between Drax and Peel Ports was a of over 35 million people, around 60% of DIRECT AND INDIRECT JOBS FROM LIVERPOOL2 Since 2009, Drax Power Station had significant redesign of the technical the UK’s population. begun a process of upgrading its infrastructure and the construction of The new deep water facility coal-fired boilers to run on sustainable a state of the art biomass terminal. complements the existing Royal Seaforth biomass, sourced from huge, well- Not only do compressed wood pellets Container Terminal. The Port of Liverpool established working forests. More than have different physical properties to has the capability to handle around 1 this, it has plans to set up its own pellet other fuels like coal, they are more million TEUs per annum. The Port is manufacturing plants in the US South combustible and need to be handled already the nation’s biggest transatlantic and needed to import large quantities safely. In the history of the Port of port (45% market share) and the only of wood pellets. Drax was looking for Liverpool, the new facility is another major container port in the north or west PROPORTION OF UK AND IRISH CARGO a logistics partner to aid the importing chapter, one that is helping transform DESTINED FOR LOCATIONS CLOSER TO of compressed wood pellets. The the logistics infrastructure and the of the UK. LIVERPOOL THAN FELIXSTOWE AND SOUTHAMPTON synergy with Peel Ports and Liverpool economic growth of the North West. Liverpool2, one of the UK’s largest was obvious. This started a £100 million private sector infrastructure projects, investment that helped transform the was developed in response to changing port infrastructure. trading patterns and shipping industry trends towards the use of ‘mega’ CONTAINER LINE SERVICES FROM DRAX BIOMASS ocean-going container ships. Liverpool2 SHIPPING LINES CALLING AT LIVERPOOL11 will now be able to handle the largest vessels in the global fleet. £100M INVESTMENT DIRECT EMPLOYEES CONTRACTORS TONNE CAPACITY WORKED ON THE PER ANNUM PROJECT

32 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 33 INTU PROPERTIES

intu Derby

34 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 35 INTU PROPERTIES OVERVIEW INTU PROPERTIES OVERVIEW

INTU OWNS 10 INTU PROPERTIES OF THE TOP In its financial year to December 2016, In the UK the intu Watford development 25 SHOPPING intu saw strong performance and has is now well underway and 2016 saw the CENTRES IN THE made considerable progress with its opening of restaurant redevelopments UK AND HAS strategic priorities highlighted below. at both Eldon Square and intu A GROWING A 3.6% growth in like for like net rental Metrocentre, increasing customer dwell PRESENCE IN income helped to deliver a 3.4% total time at both centres. In Spain, the SPAIN WITH 3 financial return. This net rental growth performance of the existing centres is TOP 10 SPANISH is attributed to increased rental levels, strong and exciting development plans CENTRES improved occupancy and also as a result at three future locations mean that the of recent redevelopment work. outlook is positive.

intu has continued the process of intu’s online shopping platform has seen INTU recycling capital into its super prime strong growth this year in both revenue VIGO ASTURIAS regional centres. This is demonstrated by and website traffic with 28 million the disposal of intu Bromley during 2016 website visits. This demonstrates that the and the acquisition of the remaining 50% growth of online shopping enhances the PUERTO VENECIA of intu Merry Hill. customers’ physical shopping experience. XANADU MADRID VALENCIA BUSINESS MODEL AND STRATEGY intu’s business model has a single purpose – to create shopping centres that are loved by customers and where retailers flourish, which builds a long-term business that delivers value for intu’s shareholders and stakeholders. intu focuses on its

MALAGA strategic priorities to create a competitive advantage and deliver long-term value.

Make its centres the most Deliver the required desirable for shopping and planning approvals socialising Have required funding to Manage the assets to take progress the pipeline T D E EL advantage of new trends SS D IV A E EV E and occupiers G C E R N LO IN IN A S M P G I R M U M O E I N K T F R P T E S OVER O P +3.6% £526M 22M SQ FT 400M

LIKE FOR LIKE NET CAPITAL INVESTMENT OF RETAIL, LEISURE CUSTOMER VISITS S E O RENTAL INCOME AND ACQUISITIONS I AND CATERING SPACE A YEAR Z P STRATEGIC I GROWTH IN 2016 P N PRIORITIES O G E T R H T T T N U H N E G U G O IT IN Build a platform Y RO K C Offer a distinctive I W MA D of the best N TH N customer experience SPA RA centres in Spain through IN B in all of its centres 3.4% 50% acquisition and development OF THE UK TOTAL FINANCIAL NET70 PROMOTER Have a multichannel offering POPULATION VISIT RETURN IN 2016 SCORE FOR Deliver the same brand for retailers and customers AN INTU CENTRE experiences in Spain as in the UK CUSTOMER SERVICE EACH YEAR

36 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 37 INTU PROPERTIES IN FOCUS INTU PROPERTIES IN FOCUS

Corporate activity in the year saw March this year, intu acquired Xanadu intu actively recycling its portfolio. in Madrid subsequently entering into a In addition to the acquisition of the 50/50 joint venture with TH Real Estate. remaining 50% of intu Merry Hill in

£110 MILLION 22 MILLION 229 ACRES annual footfall of development land CASE STUDY: investment to embed Merry CASE STUDY: Hill’s position as a super including retail parks, ACQUISITIONAQUISITION prime UK shopping centre offices and leisure OFOF MERRYMERRYHILL HILL InIn JuneJune 2016,2016 intuintu acquiredacquired thethe remainingremaining 50%50% interestinterest ininto the the West West MidlandsMidlands supersuper regionalregional shoppingshopping centre,centre, intuintu MerryMerry Hill,Hill, almostalmost twotwo years afteryears the after original the original 50% acquisition 50% acquisition in 2014.in 2014. The The asset asset comprises compromises not only not the mainonly theshopping main shopping centre, which centre, has which an annualhas an footfallannual footfallof 22 million, of 22 million,but also but a numberalso a number of other of assets other includingassets including retail parks,retail parks,offices, offices, leisure leisure and development and landdevelopment covering 229land acres. covering 229 acres.

intuintu hashas plansplans toto investspend £110 £110 million million to embedto embed intu intu Merry Merry Hill’s Hill’s position position as aas supera super prime prime UK UK shopping shopping centre. centre. The keyThe to key this to is this increasing is increasing the leisure the and cateringleisure and available catering at theavailable centre at through the ancentre extension through as anwell extension as remapping as well as theremapping retail anchors. the retail This anchors. has already This has commencedalready commenced with River with Island, River JD Island, Sports andJD SportsTopshop and upsizing Topshop and up more sizing similar and movesmore similar are to movesfollow. to follow.

intu Merry Hill

38 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 39 PEEL LAND AND PROPERTY GROUP

Liverpool Waters CGI

40 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 41 LAND AND PROPERTY GROUP OVERVIEW LAND AND PROPERTY GROUP OVERVIEW

These interests encompass in excess PEEL LAND AND of 30,000 acres of land and 13 million sq ft VISION, VALUES PROPERTY GROUP of property. AND STRATEGY THE DIRECT Peel Land and Property aims to create income returns and cash flows generated PROPERTY ARM OF In the last year, there has been an sustainable destinations, change from this built portfolio then fund further THE PEEL GROUP unprecedented level of activity in planning, landscapes and enhance lives. investment in the land bank and the cycle development and asset management. repeats itself. The pipeline of projects Peel Land and Property combines Outline and detailed planning has This vision is delivered proactively is long-term which is illustrated by specialist planning, development been secured for 6,000 family homes through a constant cycle of reinvestment some of Peel Land and Property’s high and investment management teams with and apartments and 2 million sq ft of and regeneration. Investment is made profile consented schemes, Liverpool a proven track record in delivering high workspace, as well as progressing high to secure planning consent on the Waters, Wirral Waters, Chatham Waters quality sustainable projects, from single profile planning for the Royal Horticultural land bank. When planning consent is and MediaCityUK, four of the largest site residential schemes to transformational Society’s fifth garden in Salford and also secured further investment is made to regeneration projects in the country. mixed-used developments. Peel Land an international golf venue in Bolton. In create properties and destinations. The and Property operates across a diverse the coming year, development projects range of markets – from workspace, start on site at Chatham, Ellesmere THE residential, development land, industrial Port, Gloucester, Glasgow, Liverpool, LAND BANK and distribution, retail, leisure, energy and Manchester, MediaCityUK, Salford environmental technologies. and Trafford.

CONSENTED LAND SALES OF LAND AND PROPERTY PROVIDE CASH TO REVINVEST IN THE LAND BANK Lan UK d a ity nd RECURRING C P ia la INCOME d n e n M in

g

a

e

E

n r

n

d

u

e s

i E r g e n L v y , i d PROTOS r U o n n t a i m l l BUILT it i e ie ta ESTATE n s e t R al St ts/ rategic Projec Destinations

+ RETAIL OUTLET STRATEGIC PARKS CENTRES WATERS SITES ACRES OF LAND

42 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 43 LAND AND PROPERTY GROUP IN FOCUS LAND AND PROPERTY GROUP IN FOCUS

CASE STUDY: 10 YEARS OF MEDIACITYUK The former wasteland that once comprised Manchester’s docks, has been transformed into the heart of the region’s creative, digital and tech community with more than 250 businesses now calling it home. A shared vision and Peel’s commitment Aerial image of docks in 1963 to invest more than £650 million in phase 1 ensured the delivery of a truly transformational media community, with huge potential for future growth.

Straiton Retail Park, Edinburgh MediaCityUK is a joint venture between Peel Land and Property Group and Legal SECURING PLANNING environments and businesses & General Capital. Ambitious plans to TO TRANSFORM requires strong partnerships with double the size of the development by local government and investors. 2030 were approved last September. This How the site looked before construction began LANDSCAPES The Land and Property teams are will deliver a further £1 billion of private Planning is at the heart of Peel Land well versed in working in partnership, investment into the North West economy. and Property. Transforming land with thereby unlocking homes, workspace, planning permission into sustainable recreational space and jobs. TOMORROW Completed and The long-term potential of the Land and Property portfolio is capable of delivering: launched in September 2016 30,000 105,000 450 MW 50M SQ FT ACRES HOMES ENERGY WORKSPACE Co-working space – flexible working

to allow businesses MediaCityUK as it looks today TRAFFORD WATERS to grow Trafford Waters is the residential and commercial quarter of TraffordCity, Positioned at the gateway of the UK’s foremost shopping and MediaCityUK, totalling 100,000 sq ft, entertainment destination. In the last year, Tomorrow has created an additional outline planning approval for Trafford 50,000 sq ft of co-working and office Waters was secured. This will bring a new, space with a 112-bed Premier Inn Hotel sustainable community featuring 3,000 on its top floors. The new building has attracted a huge amount of interest, new homes, 1 million sq ft of commercial achieving 60% occupancy in less than a space and amenities to support local year since its opening, with key occupiers residents and commercial workspace over including Carbon Creative and Extravision. MediaCityUK Phase 2 a 20 year period.

44 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 45 OTHER INVESTMENTS

Harworth Group - Logistics North

46 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 47 OTHER INVESTMENTS OVERVIEW OTHER INVESTMENTS IN FOCUS

AN OPPORTUNITY TRANSPORT AND LOGISTICS FOR GROWTH

We hold investments in both unlisted During the year we have disposed of ANNUAL GROWTH and listed companies where we see our shareholding in Pinewood, and have IN PASSENGERS AT OVER 70 DSA, THE FASTEST DESTINATIONS synergies with our existing portfolio and increased our shareholdings in both intu PASSENGERS6M IN YEAR GROWING AIRPORT an opportunity for growth. Alongside Properties and Hammerson. Additionally TO MARCH 2017 44% IN THE UK this, we also invest in businesses, the we participated in an expansionary success of which are fundamental to the fundraising at Harworth Group. We also Peel’s aviation investments include three Doncaster Sheffield Airport confirming a destinations which we create. formed a new joint venture with Ancala passenger airports across the North of record year with 1.25 million passengers Partners, Leep Utilities. England and a General Aviation and and the highest tonnage handled by its Heliport at City Airport, Manchester. Our cargo operation since it began. international passenger airports comprise We saw the opening of phase 1 of the Liverpool John Lennon Airport, Doncaster Great Yorkshire Way link road from Sheffield Airport and Durham Tees Valley the M18 improving the access to the Airport. These airports handle more airport, expanding its catchment area than 6 million passengers annually, to to 6.2 million within an hour’s drive. over 70 destinations and have benefited Liverpool John Lennon Airport has from year-on-year passenger growth also seen continued strong progress from significant investment in improved with 2016 being the airport’s busiest TURE T passenger facilities. year since 2011, with over 4.8 million RUC RAN ST SP RA O F RT passengers. Due to the continued IN A & N Both Liverpool John Lennon Airport S D E growth 22 new scheduled services have I L IT O L and Doncaster Sheffield Airport provide I G T been announced to 21 new destinations. U I S , T Y ‘best in class’ environments, services and I C Liverpool John Lennon Airport continues G

R S E accessibility to passengers, creating a

N to be one of the best airports in the

E

hassle-free journey to and through the UK for ‘on-time performance’, with airports. This emphasis on customer more scheduled flights departing on

L E A experience has been rewarded with R N OTHER time than any other airport in the U D IS INVESTMENTS significant growth during 2016, with A E North of England. N L D D P N RO A P IL ER TA LIVERPOOL JOHN LENNON AIRPORT, RATED FIRST FOR: * TY RE

ACCESS CHECK IN SECURITY WAYFINDING ARRIVALS * SERVICES Parking facilities and Waiting time Waiting time, Wayfinding and value for money efficiency, courtesy flight information Baggage delivery parking of security staff and screens thoroughness of inspection

ASQ RANKINGS - 1ST IN Q1 2017 IN THEIR BENCHMARK GROUP OF 18 AIRPORTS. *Listed Investments Source: Airport Council International. Airport Survey Quality (ASQ) Quarter 1 Survey 2017

48 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 49 OTHER INVESTMENTS IN FOCUS OTHER INVESTMENTS IN FOCUS

LAND AND PROPERTY DOCK10 Since opening its doors in 2011, entertainment show, with competing HARWORTH GROUP HARWORTH IN FIGURES dock10 has grown rapidly in scale and primetime shows for ITV (The Voice and Harworth continued to make excellent reputation. Establishing itself as the UK’s Voice for Kids) and the BBC (Let it Shine progress across its capital growth and leading television facility, dock10 boasts and Pitch Battle) being filmed on site. income generation divisions. That 10,000 10 state of the art television studios Recent growth in its post production success, coupled with a number of 22,000 CONSENTED (including the largest studio in the UK) business has benefited from the strategic acquisitions, saw it increase net ACRES OF LAND HOUSING PLOTS and extensive specialist post production acquisitions of Edit19 and 422. assets by 13%. and managed content services. dock10 10M SQ FT provides the perfect platform to make Harworth has had incredible success CONSENTED everything from popular television shows at Logistics North, one of the largest INDUSTRIAL to TV commercials with clients, regularly SPACE commercial developments of its type in creating programmes such as Blue Peter, the North of England. Envisaged as a Countdown, Match of the Day, Happy hub for both manufacturing and logistics 145MW Valley and The Jeremy Kyle Show. operations, the scheme will deliver over LOW CARBON 4 million sq ft of bespoke distribution ENERGY CAPACITY Over the last year, dock10 has become and industrial buildings in a range of the home of the Saturday night sizes. Harworth Group transformed a former opencast surface mine, Cutacre, to the M61. Aldi have now completed PINEWOOD over a number of years into the site it the construction of their 650,000 sq ft During the period of Peel’s investment in is today – 250 acres for employment North West Distribution HQ and Lidl The Pinewood Group is a world leading Pinewood, Peel supported the Board in space and 550 acres for a new country (UK) are to develop their new North studio and production services provider a series of initiatives including: park. The site received outline planning West Headquarters. Whistl are taking to the global film and television industry. consent in December 2013 and occupation of Logistics 225 and a joint Peel became a shareholder in Pinewood • Major expansion of its studio capacity offers design and build opportunities venture with the Lancashire County in 2007. In 2016, following a strategic both in the UK and Overseas for manufacturing and distribution Council Pension Fund to develop out the review by the Board, Aermont Capital’s • Extension of complementary services businesses in an area with outstanding next phase of the site, known as Multiply, offer for the entire share capital of the to capture more of the film and TV connectivity due to its immediate access is underway. Pinewood Group was accepted and production value chain Peel’s direct investment concluded. • Management of Film Funds for the ENERGY, UTILITIES AND INFRASTRUCTURE Isle of Man and Welsh Governments

LEEP UTILITIES Business Park. Leep secured a licence A key initiative was the expansion at to become an Independent Distribution its main UK site, Pinewood Studios in Leep Utilities – a joint venture between Network Operator (IDNO) two years Buckinghamshire, which was capacity Peel Utilities and Ancala Partners, was ago, enabling it to own and operate constrained. We supported the company launched in May 2017. Leep’s current regulated electricity networks. Leep is in achieving a successful planning multi-utility platform has more than 2,000 holder of one of only 7 IDNOs in the UK consent. Phase 1 of the construction of connections to homes and businesses, and its plans include an Independent new stages and workshops, expanding including MediaCityUK, Liverpool Gas Transport licence (IGT) providing capacity by one third, is now complete Waters and Liverpool International access to the gas networks market. and fully let to Disney Studios.

50 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 51 OTHER INVESTMENTS IN FOCUS OTHER INVESTMENTS IN FOCUS

RETAIL AND LEISURE

INVESTMENTS IN TOWER HOTEL TRAFFORDCITY MANAGEMENT

With more than 44 million visitors a year, In May 2017, Tower Hotel Management TraffordCity is cementing its position as opened a 220 bed Holiday Inn Express HAMMERSON a highly attractive place to work, live and next to EventCity. This unique hotel, play. There are also major infrastructure which is modular and was constructed Hammerson owns, manages and in Birmingham, Leeds, Southampton works underway including additional road entirely of shipping containers, is already develops prime retail destinations across and Dublin. In the UK, Hammerson also access at junction 11 of the M60 and a exceeding trading projections and Europe. Its portfolio includes investments focuses on retail parks to serve time-short Metrolink line extension that will connect gaining positive feedback. This hotel in 23 prime shopping centres in the shoppers. This has involved introducing TraffordCity with Manchester City Centre adds to Tower Hotel’s portfolio of five UK, Ireland and France, 17 convenient high-street fashion brands and increasing in under 15 minutes. The Peel Group managed hotels. retail parks in the UK and 20 premium the range of food and beverage which owns various operational businesses outlets across Europe. This equates to a has seen an increase in both dwell time within the TraffordCity boundaries TRAFFORD GOLF CENTRE portfolio value in excess of £10.5 billion. and footfall. which are critical to the success of this Hammerson’s vision is to create desirable Trafford Golf Centre, the second busiest destination. places for consumers, brands, commercial driving range in Europe, had a record partners and communities. year to March 2017, with 12 million balls EVENTCITY hit. It is also home to the largest golf In its financial year to December 2016, EventCity is the largest exhibition, centre academy in the North of England. Hammerson saw an eventful and conference and event space in the North Work has commenced on the successful year. A 3.2% increase in like-for- of England. 2017 has been an exciting development of Dino Falls, an 18 hole like net rental income helped to deliver a year for the venue which has seen growth adventure golf course which opens in 7.6% increased dividend per share. £635 in the number of events held. In October Autumn 2017. million of disposals were completed to 2017, it will host Dinosaurs in the Wild, allow significant incremental investment a multi-million pound, 3D, immersive AJ BELL STADIUM into premium outlets which continue dinosaur experience. EventCity is also to be a major part of its growth The 11,500 capacity stadium is home proud to be the only event space in the strategy. Hammerson also increased ground to both Sale Sharks and Salford UK with ISO 50001 status. its presence in prime UK and Ireland Red Devils and adds to the wealth of shopping destinations with new centres leisure operators at TraffordCity.

52 THE PEEL GROUP | REVIEW 2017 HTTP://PEELGROUP.GLOBAL 53 For more information, please contact:

Corporate Affairs The Peel Group Peel Dome intu Trafford Centre TRAFFORDCITY Manchester M17 8PL e: [email protected] w: peelgroup.global

54 THE PEEL GROUP | REVIEW 2017 peelgroup.global