G&T is proud to remain an independent construction and property consultancy with the same core values, but we are evolving our visual identity to ensure we stay market leaders and meet the ever changing needs of clients.

Our branding and logo have been carefully redrawn as an elegant reflection of our unique heritage, our standing in the industry and our focus on the next generation.

We are ready for the future.



G&T’s 2015/16 financial year delivered another Whatever the future brings we will continue to cut very satisfactory set of results. Turnover increased our cloth to suit our clients and the marketplace. For “Our core markets and profitability levels were maintained across some time we have been refocussing on our thriving all business units. Our core markets continued UK and US businesses. Although we continue to to grow and clients gave us the opportunity to work selectively across the world, over the last four continued to grow contribute to some of the most exciting and years we have significantly reduced our exposure transformative real estate projects in the world. across Europe, the Middle East and Far East whilst We recruited at unprecedented levels and our remaining active in a number of key regions outside books closed at the end of April 2016 with a 15% the UK and US. and clients gave us increase in turnover (£131m 2014/15: £150m 2015/16) and profits up by 30% (2014/15 £31m: 14/15 TURNOVER £131m 2015/16 £40.5m). the opportunity to 15/16 TURNOVER £150m Since the end of our 2015/16 financial year Brexit hit 14/15 PROFIT £31m the UK in June 2016. It raised many questions about the implications of leaving the EU for our business. 15/16 PROFIT £40.5m contribute to some of Reassuringly the first few post-Brexit months have been positive and the analysis of our most recent In 2016 we introduced a new Chartership Programme forecasts tell us that our workload remains stable to build on the success of our renowned Graduate through the remainder of the calendar year. Development Scheme. We were also extremely the most exciting and pleased to become the first UK business in our sector A number of our clients are confident about the to be certified BS10500:2011 for our Anti-Bribery future and projects and new commissions continue Management System. It is yet another positive transformative real estate as planned. Some are understandably more cautious marker of our commitment to continually improving and have adopted a “wait and see” approach which our standards and performance. has delayed a small number of projects. This is not an immediate concern as our flexible business In this period of change and new beginnings we projects in the world.” model allows us to adapt quickly to prevailing have chosen to invest in a brand refresh of our visual market conditions. However, longer term predictions identity. This is a positive statement of intent. The remain uncertain. We anticipate that 2017 will see message we are sending to clients and the market is a slowdown in some markets. This was perhaps that we are optimistic about the future and focused inevitable after several years of accelerated growth. on continuing to deliver exceptional service levels for SIMON JONES our clients. MANAGING PARTNER Brexit could also create new opportunities. The fall in sterling and price corrections in the property market I am enormously proud of the individuals who work create an attractive environment for international at G&T. It is their dedication, hard work and loyalty investors. Heathrow, Hinckley Point and HS2, a that enables us to continue being a successful and project G&T has been working on for the last five independent firm. years, are confirmed to proceed. The Government’s new £5bn cash injection for housebuilders, including the £2bn Accelerated Construction scheme to buy homes that developers cannot sell, should stimulate activity across the housing sector and encourage more innovative construction solutions.

7 G&T Life



As an independent construction and property consultancy we prioritise recruiting top talent to the firm to ensure we offer our clients consistently high quality services. We were therefore delighted to align ourselves once again with the Next Generation initiative at The Real Estate Forum 2016. This programme supports our vision for the sustainable and long-term success of the firm, and the property and construction industry as whole, by nurturing new talent and promoting personal development through networking, knowledge-sharing and debate.

8 9 G&T Life



In 2016 G&T partner Tony Burton came to The firm has launched its new Chartership G&T is supporting the Architectural Getting involved in team sport is a great the end of his tenure as chairman of the Programme. This replaces the highly Association’s (AA) Haiti Visiting School for the part of working at G&T. Sport encourages Construction Industry Council (CIC) and successful Graduate Development Scheme second year running, an annual programme employees to communicate and collaborate handed over the mantle to his successor which began in 1975 and has consistently set up following the catastrophic earthquake with other members of the firm across all Professor John Nolan. Tony stepped back achieved APC pass rates above the RICS of 2010. The aim of the Visiting School is to levels of the business, creating a culture of into the role of deputy for the next 12 months national average. The new programme builds introduce new methods and materials into teamwork and inclusivity. Sports are played to complete the handover period. The CIC on the G&T led Trailblazer Apprenticeships the construction industry, teaching the next across a variety of leagues against other is the representative forum for professional which saw academia, industry, RICS and the generation of Haitian architects alongside property and construction firms and also a bodies in the construction industry providing Government working together to develop students and designers from across the world few of our clients. G&T builds strong internal a single voice for professionals in all sectors of a new pathway for individuals to enter the about the importance of finding lightweight, relationships by holding competitions and the built environment. As a senior partner on profession. The Chartership Programme now durable and sustainable resources. Working in tournaments, including the annual mixed G&T’s main board and chairman of the CIC, accommodates a diversity of individuals partnership with the AA and the programme’s inter-floor netball tournament which draws Tony has been involved with key initiatives joining the firm from different backgrounds, director, John Naylor, G&T sponsored a together employees from across all parts working alongside Government to find ages and abilities by offering bespoke training Haitian architect student for the programme. of the business for a bit of fun and friendly solutions to improve the future of the UK’s routes for apprentices, graduates and career In light of the recent devastating hurricane in competition. construction industry. changers. 2016, AA extended the workshop for an extra month with the support of G&T. This allowed them to build the structure of the prototype house and also run a series of short workshops to retrofit people’s homes following the hurricane. 10 11 PROJECTS 15/16 Projects

CLIENT SERVICES BATTERSEA Battersea Power Cost Consultancy POWER Station Development VALUE STATION, LONDON Company Confidential

We continue to work on the redevelopment of Battersea Power Station, a project backed by Malaysia’s property development investment businesses Sime Darby, SP Setia, and Employees’ Provident Fund.

All images © Battersea Power Station Development Company

14 15 15/16 Projects


Re-opened to guests in 2015 following a comprehensive and meticulous refurbishment overseen by designer Alberto Pinto, The Lanesborough presents bedrooms and dining rooms restored to their original Georgian splendour, into which the latest communications technologies and entertainment systems have been seamlessly woven.

CLIENT LML SERVICES Cost Consultancy VALUE Confidential

All images © Dominic James

16 15 15/16 Projects


Designed by Rem A new extension This is the largest The refurbishment of Koolhaas/OMA, Faena delivering the latest in building of offices a celebrated Art Deco Forum is a 50,000 sq ft restaurants and leisure constructed to date hotel in the heart groundbreaking new uses to the region. It with a 135,000ft² of Mayfair, London venue dedicated to the will be fully integrated development with designed by interior development of cultural with the shopping a single level of architectural design programming that mall reinforcing basement parking. company MKV Design. transcends disciplines intu Lakeside as a The six storey BREEAM and encourages compelling destination. Excellent CAT A office CLIENT collaborations across is treated in high quality Genesta / Starwood artistic, intellectual, and CLIENT products with stone and SERVICES geographic boundaries. intu Properties glass facades. Cost Consultancy SERVICES Principal Designer CLIENT Project Management CLIENT VALUE Faena Group Employer’s Agent MEPC Confidential SERVICES Cost Consultancy SERVICES Project Management Principal Designer Cost Consultancy Cost Consultancy VALUE Employer’s Agent VALUE Confidential VALUE Confidential £22m

© MKV Design

18 19 15/16 Projects


We continue to work on the development at King’s Cross transforming 67 acres of disused goods yards into vibrant neighbourhoods of homes, shops, offices, galleries, bars, restaurants, schools and a university.

CLIENT King’s Cross Central Limited Partnership SERVICES Cost Consultancy Employer’s Agent Project Management Life Cycle Costing VALUE Confidential

20 21 15/16 Projects

EDINBURGH CLIENT VALUE Redevelopment of St James shopping centre and the ST JAMES TH Real Estate £500m former Scottish Office to create a new retail-led mixed- SERVICES use development. The project will transform the site Cost Consultancy with a landmark development that will include an iconic Project Management destination to re-affirm Edinburgh as one of the major retail destinations in the UK. CDM Advisor Capital Allowances

20 21 15/16 Projects


Crossrail 1 provides Masterplanning and The hospital provides The vision for the eight new stations and redevelopment of the specialist emergency North West Cambridge 42km of rail tunnels sites adjacent to the care for seriously ill and development is to © Hassell Architects under London and Preston Barracks site injured patients from create a new district and is Europe’s largest forming part of the across Northumberland extension to the city, construction project. It University’s plans to and North Tyneside. centred around a mixed is over 75% complete invest significantly in its It is England’s first academic and urban and remains on budget Moulsecoomb campus purpose-built specialist community: a place and on programme to over the next five years. emergency care that is sustainable, long open in late 2018. Our hospital, with specialist lasting and ambitious. infrastructure team is CLIENT consultants on site 24 now in its 15th year University of hours a day, seven days Development of the of continuous support Brighton a week. 150 hectare site will for Crossrail. The team SERVICES include 1,500 homes is also supporting Cost Consultancy CLIENT for university and Crossrail 2 in its early college key workers, VALUE Northumbria development stages. 1,500 homes for sale, £150m Healthcare NHS Foundation Trust 2,000 post graduate CLIENT SERVICES units, 100,000m2 of commercial and Crossrail Project Coordination academic research SERVICES Employer’s Agent © University of Cambridge facilities, community Cost Consultancy CDM Coordination Procurement facilities and 50 hectares Cost Consultancy of parkland. Cost Modelling Whole Life Costing Risk Analysis VALUE CLIENT VALUE £75m £14.8bn University of Cambridge SERVICES Cost Consultancy VALUE £1bn

24 25 15/16 Projects


A comprehensive modernisation and upgrade scheme to provide 240,000 sq ft of high-specification Cat A office accommodation.

CLIENT Blackstone SERVICES Project Management Employer’s Agent Principal Designer CDM Advisor VALUE £59m

26 27 15/16 Projects


Restoration of Grade II* Listed former London Port Authority building into a luxury hotel, club and residences, including 100 bed Four Seasons Hotel, 41 super-prime apartments, exclusive private members club, two fine dining restaurants, spa and two retail units.

CLIENT Reignwood Investments UK SERVICES Project Management Employer’s Agent Cost Consultancy Contract Administration VALUE Confidential

© Forbes Massie

CLIENT Stratford Waterfront is one of two sites that STRATFORD London Legacy make up ‘Culture and Education District’ WATERFRONT, Development situated next to the London Aquatics Centre – LONDON Corporation an amazing new cultural and higher education SERVICES district in Queen Elizabeth Olympic Park, providing a showcase for innovation across arts, Cost Management education, science and technology. Design Team Management VALUE c £850m

28 29 15/16 Projects

CLIENT SERVICES The first new build 77 MAYFAIR, Luxlo Cost Consultancy residential building to LONDON Project Management complete in Mayfair for Employer’s Agent over 15 years. Principal Designer VALUE Confidential

© dbox

© dbox

CLIENT SERVICES The first office 425 PARK AVENUE, L&L Holding Cost Consultancy development in half a NEW YORK Company Project Management century on this historic VALUE stretch of New York’s Confidential Park Avenue.

30 15/16 Projects

CLIENT G&T worked with design and technology company SQUARESPACE, Squarespace Inc. Squarespace on the interior fit-out of its New York NEW YORK SERVICES office. Design is very important to them and our role Project Management was to collaborate with the client and consultant Cost Consultancy team to bring the architect’s incredibly unique, creative, intricate design to fruition on time and VALUE within Squarespace’s budget. Confidential

All images © Magda Biernat Photography

32 33 15/16 Projects

L’ORÉAL TERMINAL Following on from our work with L’Oréal on the relocation STORES, of its New York City headquarters to Hudson Yards, we NEW YORK are also working on the interior renovation and build-out of new office space at the Terminal Warehouse buildings within the Landmarked West Chelsea Historic District. CLIENT This space will be used to co-locate L’Oréal’s US Creative L’Oréal Teams into a single location, with easy access to Hudson SERVICES Yards a few blocks away. Project Management Cost Consultancy VALUE Confidential

All images © Anders Grahn

34 35 15/16 Projects


Designed to support In February 2011 Our role has expanded 30,000 sq ft global the School’s mission National Grid embarked with the award of headquarters fit-out of inspiring and on a project over a the three main works at 100 Queen Street, © Nick Kane promoting better seven year period to contracts on the Glasgow for Edrington, government around rewire London via deep Thames Tideway the Parent Company of the world, the building underground tunnels Tunnel project, which premium spirit brands became operational at in order to meet will be the biggest The MacAllan, Brugal, the end of 2015 and increasing electricity infrastructure project The Famous Grouse, was officially opened demand and help ever undertaken by Highland Park, Cutty by HRH The Duke of London access the the UK water industry. Sark and Snow Leopard. Cambridge in May energy of the future. Tideway is delivering a 2016. The project was major new sewer which CLIENT shortlisted for the RIBA CLIENT will upgrade London’s Edrington Stirling Prize and highly National Grid sewerage system to SERVICES commended as the BCI Electricity cope with the demands Project Management project of the year. Transmission Plc of the city and prevent VALUE the frequent pollution SERVICES Confidential CLIENT of the River Thames. Commercial Management University of Oxford Cost Consultancy SERVICES CLIENT VALUE Project Management Thames Water £1bn Contract Administration SERVICES VALUE Procurement Confidential Supply Chain Management Contract Administration VALUE £4.2bn

36 37 15/16 Projects


Renovation of the ‘all suite’ 5 Star 5 Diamond hotel in Beverly Hills.

CLIENT Viceroy L’Ermitage, Beverly Hills SERVICES Cost Consultancy Project Management VALUE Confidential

38 39 15/16 Projects


The 24-acre scheme, Large scale This 50,000 sq ft Porsche Following Vodafone’s located at the western redevelopment of the Experience Center, acquisition of Cable & gateway to ’s former Shell Centre site on a 53 acre former Wireless Worldwide, © WCEC central business district, on the South Bank. G&T landfill site, includes we supported the will deliver a new mixed- is acting for the funders a driver development UK property team use neighbourhood of the residential track with seven driving with planning and providing 2,215 buildings. event modules, event negotiating the transfer new homes and spaces, dining options, of the existing FM more than 900,000 CLIENT driving simulators, retail arrangements at C&WW sq ft of commercial Barclays Bank PLC store, and a business into the Vodafone development space. SERVICES center, and is also the TFM management and Development Monitoring new home of Porsche delivery model. CLIENT VALUE Motorsports North America. CLIENT Scarborough Group Confidential International Vodafone SERVICES CLIENT SERVICES Cost Consultancy Porsche Cars Contract Negotiation Project Management North America VALUE VALUE SERVICES £15m per annum £1bn Project Management increasing to £35m Cost Consultancy VALUE Confidential

40 41 15/16 Projects

CLIENT St John’s is the name of ’s ST JOHN’S Allied London and newest neighbourhood for culture, enterprise and living. REDEVELOPMENT, The scheme includes nine high-rise residential towers MANCHESTER Manchester City Council providing 2,800 apartments, three hotels and 350,000 SERVICES sq ft of new offices. Also within the site is a new £110m arts centre named which will be the home Cost Consultancy of the Manchester International Festival and part of the VALUE Northern Powerhouse Initiative. £800m

© Simpson Haugh Architects 42 43 15/16 Projects


Scotland’s largest library, Banqueting House is We continue to perform G&T was appointed by The National Library currently undergoing key roles in support of Historic Royal Palaces to of Scotland, is one phased conservation, the iconic HS2 project. oversee the restoration of five legal deposit repair and representation The project is entering an and conservation of both libraries in the UK works. G&T is appointed exciting period with the Queen’s House and the and contains several by Historic Royal Hybrid Bill for Phase One Bell Tower at The Tower collections of world class Palaces on phase 1 of (between London and of London. The project importance. The library the project. The works Birmingham) anticipated included the cleaning, is undergoing major have primarily focused to achieve Royal repair and replacement refurbishment works on the external facades Assent in the coming of existing ancient of its most important and fabric to stop the months. Phase 2A stone and brickwork, public sites to ensure the gradual deterioration (Birmingham to Crewe) structural repairs to the continued protection of of the building and the being prepared for Bill ancient timber roof and the collections from the installation of a mist fire submission next year repair and decoration of elements. suppression system to and an announcement existing windows to this provide protection to on the route of Phase 2B Grade I Listed building. CLIENT the magnificent ceiling (serving Manchester and The National Library painted by Peter Paul Leeds) due later this year. CLIENT of Scotland Rubens for Charles I. Historic Royal Palaces SERVICES CLIENT SERVICES CLIENT HS2 Construction Management © HS2 Ltd. Cost Consultancy Project Management Historic Royal Palaces SERVICES VALUE Principal Designer SERVICES Cost Estimating Confidential VALUE Construction Management Cost Consultancy Confidential VALUE Cost Assurance Confidential Procurement Supply Chain Management Project Controls VALUE Confidential

44 45 15/16 Projects


G&T provided CDM, Project and Cost Management services in the successful delivery of the new fit- out for CMS. The fit-out is in a new state of the art office space at Cannon Place, above Cannon Street Station. It consisted of 14,000m2 over three levels which featured two interconnecting stairs, open plan working areas, client facing space and a restaurant.

The CMS project was the winner of the British Council for Offices (BCO) Award for Fit-Out of Workplace 2016 for the London and South- East region.

CLIENT CMS SERVICES Cost Consultancy Project Management CDM Advisor VALUE £18m

46 47 15/16 Projects

CLIENT The University of Leeds is delivering an PHYSICAL The University of Leeds ambitious new campus developments SCIENCES AND SERVICES programme which sets out a vision for its ENGINEERING, campus over the coming decade and will LEEDS Cost Consultancy VALUE see a significant £520m invested. £96m One of the most considerable elements of this programme will see the delivery of a new building in the north east quarter of the campus. An investment of £96m in Physical Sciences and Engineering will bring together the schools in the Faculty of Engineering, with those in Physical Sciences, involving the relocation of the Schools of Computing and Physics and Astronomy. The facility will include first- class laboratory and specialised teaching spaces, enabling cutting-edge research, and outstanding student experience, whilst enhancing the University’s research power and strengthening collaboration with industry.

© Forbes Massie

CLIENT Part of the King’s Cross Development site, COAL DROPS King’s Cross Central the project involves the restoration and YARD, LONDON Limited Partnership refurbishment of the existing Eastern and SERVICES Western Coal Drops building. Our analysis Cost Consultancy supported the achievement of the BREEAM 2014 Man02 credits for the development. Employer’s Agent This included working with the design team Life Cycle Cost to achieve the most advantageous blend Consultancy of construction and asset life cycle costs in VALUE relation to the unconventional roof features Confidential and paving to pedestrian areas.

48 49 15/16 Projects

© Andrew Holt

CLIENT The Brent Cross South masterplan CLIENT A major transformation project, BRENT CROSS Argent Related and includes 6,700 homes and NOVA, VICTORIA, Land Securities PLC dramatically reshaping the area SOUTH, LONDON the London Borough workspace for over 25,000 jobs, a LONDON SERVICES between Victoria station and the of Barnet new high street with local shops Cost Consultancy Royal Parks. SERVICES and restaurants, improved transport Project Management connections with the new station Cost Consultancy Employer’s Agent and better walking and cycle routes VALUE Capital Allowances together with new parks, squares Confidential and community facilities. VAT VALUE Confidential

50 51 15/16 Projects

CLIENT We continue to work on this landmark URBAN ESCAPE, AMF Fastigheter redevelopment of an existing quarter STOCKHOLM SERVICES in the heart of the city which will create Cost Consultancy 130,000m2 of office, hotel, conference, VALUE retail and restaurant facilities whilst maintaining trading of the city’s busiest Confidential shopping centre.

52 53 15/16 Projects


The site strategy for this This new build 518 bed A new purpose built We continue to work significant city centre student accommodation Higher Education facility on the redevelopment site located in a prime development provides as part of a sports and of a 20,500m2 retail business district of a range of high quality education village on a park with residential Dublin 2 proposes circa student residences as brownfield site on the modules, leisure and 420,000 sq ft of high well as ground level edge of the town centre. landscaping areas grade residential/office commercial space. built off the upper- and public realm space CLIENT most desk of the retail including a range of CLIENT Coventry University space. There is a further supporting amenities. Jackson & Jackson Group 16,000m2 of residential Developments SERVICES accommodation. CLIENT SERVICES Cost Consultancy CLIENT New Generation Cost Consultancy Project Management Solstra Capital SERVICES VALUE VALUE Partners Cost Consultancy £20m £14m Project Management SERVICES VALUE Cost Consultancy €150m Schedule Consultancy VALUE Confidential

54 55 Fairway

Fairway, our dispute resolution very varied and includes private to a number of major German specialist business, had another individuals and large multinational international engineering very successful year. The headline companies, as well as property companies. The demand for our fi gures show strong turnover and developers. services from these clients remains profi t levels across the business. strong. They have settled well into Fairway’s UK business focus is on their new London of ce at 265 The Fairway team remains one of quantum, planning and project Tottenham Court Road and the the most talented and respected management based disputes in all team has continued to grow with in the market place, which is the market sectors. Expert witness and a number of strategic senior primary reason why the business claims advice remain at the centre recruitments during the last 12 has been and continues to be of its work. months. extraordinarily successful in this specialised section of the There continues to be a good Fairway’s German business construction, engineering and balance of work emanating from the continues to be successful in property market. UK, as well as from an international providing commercial management setting. The client base has been and dispute consultancy services

56 57 Financial Results


2015/16 2014/15 FINANCIAL LONDON 90,831 24 % 73,487 35 % OTHER UK OFFICES 23,853 16 % 20,625 10 % RESULTS G&T FAIRWAY 9,028 (3)% 9,267 3 % UK TURNOVER 123,712 20 % 103,379 26 % USA 21,925 5 % 20,979 14 % CENTRAL & EASTERN EUROPE 81 (90)% 836 (61)% IRELAND 1,390 (13)% 1,594 9 % CHINA & INDIA 437 (4)% 454 (46)% SCANDINAVIA 1,774 10 % 1,610 24 % MIDDLE EAST 1,465 (37)% 2,341 (19)% OVERSEAS TURNOVER 27,072 (3)% 27,814 (2)% GROUP TURNOVER 150,784 15 % 131,193 19 %

TURNOVER BY TYPE (£000s) 2015/16 2014/15 COST MANAGEMENT 62,719 13 % 55,588 18 % PROJECT MANAGEMENT 51,983 18 % 44,146 19 % CONSTRUCTION MANAGEMENT 4,954 27 % 3,898 64 % CDM/PRINCIPAL DESIGNER 1,697 26 % 1,346 26 % RAIL & INFRASTRUCTURE 7,095 27 % 5,590 29 % DEVELOPMENT MONITORING 2,359 51 % 1,564 25 % TAX CONSULTANCY 873 14 % 767 33 % FACILITIES MANAGEMENT 1,013 42 % 714 (32)% DISPUTE RESOLUTION 9,028 (3)% 9,267 3 % FEES EARNED 141,721 15 % 122,880 18 % ADD SUB-CONSULTANTS 9,063 9 % 8,313 28 % FEES DECLARED 150,784 15 % 131,193 19 %


2015/16 2014/15 DISTRIBUTED PROFIT 40,512 30 % 31,194 35 %

58 59 About G&T

ABOUT GARDINER & THEOBALD G&T is an independent PROJECT LEADERSHIP construction and property - Project Management - Portfolio & Programme Management consultancy working across - Programme & Project Controls all sectors of the built - Development Management environment. We focus on minimising risk and creating COMMERCIAL SUCCESS opportunities to maximise - Cost Planning the value of our clients’ - Cost Management - Life Cycle Costing developments and property assets. CONSTRUCTION EXCELLENCE We deliver Project Leadership, - BIM - Construction Management Commercial Success, - Contract Administration - Employer’s Agent Construction Excellence - Principal Designer & CDM Consultancy and Specialist Consultancy working across all sectors of the built environment. SPECIALIST CONSULTANCY - Construction & Property Tax Advice - Development Monitoring - Dispute Resolution & Expert Witness - Strategic Asset & FM Consultancy - Procurement - Supply Chain Management - Sustainability



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