THE BREWERY LEEDS
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<strong>THE</strong><br />
<strong>BREWERY</strong><br />
<strong>LEEDS</strong>
4 | St James Securities & Pears Property<br />
<strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 1<br />
Contents<br />
1. Deliverability of Proposal<br />
1.1 Name of the Proposed Purchaser or Purchase Vehicle X<br />
1.2 Our Vision for the Redevelopment of the Leeds Brewery<br />
Site<br />
and how this Reflects the Aspirations of Carlsberg UK<br />
1.2.1 Our Vision X<br />
1.2.2 Carlsberg UK Aspirations X<br />
1.3 How we will Draws on our Experience and Track Record to X<br />
Deliver a Successful Development in a Timely Manner<br />
1.4 Our Strategy to Secure Occupiers and How Occupation will X<br />
Align with the Proposed Development Programme<br />
1.4.1 Occupier Strategy X<br />
1.4.2 How Occupation will align with the Development<br />
Programme<br />
X<br />
1.5 Leaseback Proposal for Carlsberg X<br />
1.5.1 Tetley’s House X<br />
1.5.2 New Carlsberg UK Office X<br />
1.6 Programme Through to Occupation of the First Phase of X<br />
Development<br />
2. Commercial Proposal<br />
2.1 Confirmation as to Whether Our Proposal Relates to Purchase X<br />
of All or Part<br />
2.2 Price X<br />
2.3 Timetable & Approval Processes X<br />
2.4 Timetable for Exchange of Contracts & Payment of Monies X<br />
2.5 Timetable for Completion X<br />
2.6 Confirmation that Funds are in Place to Purchase the Site<br />
including Evidence<br />
X<br />
2.7 Confirmation that Funds are in Place to Finance Planning<br />
Design<br />
X<br />
& Initial Phase of Development including Evidence<br />
2.8 Proposed Mix of Uses and Quantum for the Initial Phase<br />
of Development<br />
X<br />
2.9 Financial Appraisal Summary including Detailed Cash Flow X<br />
from Site Purchase Through to First Phase of Development<br />
2.10 Conditions X<br />
Appendices<br />
Appendix 1 Masterplan X<br />
Appendix 2 Aerial View of Leeds (SJS schemes highlighted) X<br />
Appendix 3 Expression of Interest Document<br />
X<br />
Appendix 4 Leeds Beckett University Letter of Support X<br />
Appendix 5 LEP Prospectus<br />
X<br />
Appendix 6 Programme<br />
X<br />
Appendix 7 Site Plan<br />
X<br />
Appendix 8 Pears Property Bankers Letter (originally submitted<br />
with the original Expression of Interest)
2 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 3<br />
The brewery site is one of the largest sites<br />
that will ever become available in Leeds City<br />
Centre and is without doubt the best.<br />
Deliverability<br />
of Proposal<br />
1.1 Name of the Proposed Purchaser or Purchase Vehicle<br />
A Pears family company.<br />
1.2 Our Vision for the Redevelopment of the Leeds<br />
Brewery Site and how this Reflects the Aspirations<br />
of Carlsberg UK<br />
1.2.1 Our Vision<br />
The brewery site is one of the largest sites that will ever become<br />
available in Leeds City Centre and is without doubt the best. Its size<br />
and strategic location provide the ingredients for a development<br />
that has the ability to both build on and drive forward property<br />
markets in Leeds for a generation. We need to recognise and<br />
respect this potential.<br />
Significant work has been carried out by Leeds City Council in<br />
relation to their vision for the Brewery site and the South Bank as<br />
a whole. This is principally set out in the 2011 South Bank Planning<br />
Statement and the emerging Aire Valley Leeds Area Action Plan.<br />
This vision is built upon the ambition of the former Leeds City<br />
Architect, John Thorp, who joined the City Council in 1996 and<br />
during his time in office undertook a rigorous analysis of the<br />
Leeds city area with a view to mapping and providing a strategic<br />
framework for the renaissance, evolution and growth of the city. Key<br />
to John’s vision was the laying out of a large city centre park. Leeds<br />
has some of the largest municipal parks, and the greatest amount<br />
of green space per head of population of any major city. However,<br />
due to its evolution as an industrial city, most of these green spaces<br />
are located outside the centre as historically the wealthier people<br />
didn’t live in the dirty, noisy industrial centre. They preferred to live<br />
in the cleaner and quieter suburbs and villages surrounding the city.<br />
John’s aspiration was to provide a public park in a central location<br />
in an emerging part of the city. In doing so John hoped to provide<br />
the city centre with a facility to, amongst other things, increase its<br />
attractiveness as a residential location. John wanted to encourage<br />
people and families to live in the city centre.<br />
Another consequence of Leeds’ industrial heritage is that the<br />
city didn’t develop the infrastructure necessary to support the<br />
full complement of residential options in the city centre. At the<br />
same time as John Thorp was envisaging the growth of the city<br />
through his famous “flower diagrams” and exploring the benefits<br />
a park could bring, other groups such as the Leeds Sustainable<br />
Development Group were promoting the incorporation of primary<br />
and secondary education in the city centre to introduce the<br />
infrastructure required to further make the city centre an attractive<br />
place for families to locate. Such moves have successfully resulted<br />
in the relocation and consolidation of Leeds City College, the<br />
relocation of the College of Building and the establishment of the<br />
Ruth Gorse Academy, which will be one of the country’s largest<br />
secondary schools, serving 1,500 pupils and which is scheduled<br />
to open in September 2016. Whilst we have been preparing this<br />
document an announcement has been made that a University<br />
Technical College (UTC), to provide vocational education for<br />
600 students aged 14-19 with the curriculum focused on science,<br />
technology, engineering and maths, will open in September 2016<br />
located at the Braime Pressings Factory a short walk from the<br />
Brewery Site on Hunslet Road. All these educational initiatives are<br />
now located or locating in the South Bank area and will transform<br />
the areas credentials as a realistic and viable location for family<br />
housing. High profile influencers include people like Rachel<br />
Unsworth of the University of Leeds whose work on creating the<br />
right socio-geographic environment to allow a post-industrial city<br />
to thrive has informed these policies and this ambition generally.<br />
John’s aspiration<br />
was to provide a<br />
public park in a<br />
central location in<br />
an emerging part<br />
of the city
4 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 5<br />
Site Key<br />
Apartments<br />
Office<br />
Retail/Leisure<br />
Multi Storey Car Park<br />
Business Village<br />
Education<br />
Parking<br />
Data Centre<br />
Carlsberg Ownership Boundary<br />
In short, a lot of people have already fed into the vision for the<br />
South Bank area with the Brewery site at its heart. This ambition<br />
is to push the core city centre boundary to the south to create<br />
room for the city to grow, it being constrained in all other directions<br />
by the ring road and in doing so build a new city quarter that is<br />
attractive for commerce, leisure and living and which offers the full<br />
range of municipal and civic facilities required to make such a place<br />
a success. Our aim is to build on this vision and implement this<br />
ambition. Having been one of Leeds’ core developers for over thirty<br />
years we know the people and organisations that it is necessary to<br />
work and engage with to deliver this vision on the ground.<br />
It is fair to say therefore that we wish to build a new place, one that<br />
works for business where small start up’s and large established<br />
companies, private, corporate and public sector alike can be based<br />
in a range of appropriate types of office. We want to see the area<br />
developing into a 24 hour neighbourhood where people can live as<br />
well as work and in this regard we want to provide accommodation<br />
options to suit a diverse demographic mix from single people living<br />
alone through to housing options for families with small children and<br />
older children alongside retirement living opportunities across the<br />
tenure categories. To support both the commercial and residential<br />
uses we will provide retail and leisure spaces and as trumpeted in<br />
the paragraphs above this will all be located around a large publicly<br />
accessible park and other civic and municipal facilities. We hope<br />
to build on the educational achievements already realised in the<br />
South Bank and will go into this in more detail in section 1.4. The<br />
net result of this is that the Brewery site will be transformed into<br />
the heart of a vibrant and attractive new extension to Leeds City<br />
Centre.<br />
1.2.2 Carlsberg UK Aspirations<br />
We believe that Carlsberg UK’s aspirations are twofold. Firstly, and<br />
as a commercial prerogative, to secure the highest capital receipt<br />
for the site and secondly to ensure that the party they choose<br />
to sell the site to has the ability, capacity and intention to bring<br />
forward the redevelopment of the Brewery in a timely manner.<br />
Our development strategy is to work up a masterplan for the site<br />
with regard to both the Supplementary Planning Guidance and<br />
the Area Action Plan. (Whilst you have specifically not asked for<br />
architectural masterplans, it has been necessary for us to devise<br />
one to allow us to appraise the site to in turn work up our offer, and<br />
our masterplan is enclosed at Appendix 1 for your information). We<br />
intend to prepare an outline planning application, for the whole site<br />
and having met with the Chief Planning Officer, Tim Hill, on the<br />
30th of June in relation to this proposal we understand that this is<br />
the route the local authority would wish the developer to adopt,<br />
supported by a Planning Performance Agreement and working with<br />
members in the pre-application stages. Having secured a consent<br />
it is our conviction that in order to “kick start” the development of<br />
an entirely new urban quarter that the first phase of development<br />
should be of a significant scale such that it provides the market<br />
with an unequivocal statement of intent that our proposals are both<br />
serious, and importantly will have a lasting impact on markets in<br />
the future. At the same time we recognise that good place-making<br />
is most often not best served by the hand of a single architect,<br />
or indeed even a single developer. What makes places work are<br />
elements such as variety, contrast, quirkiness, points of interest,<br />
indeed the things that distinguish places from each other. No<br />
one developer or architect has a monopoly on good ideas so we<br />
propose to secure delivery of a significant first phase by looking<br />
to work with others. Within the context of our masterplan we will<br />
bring in three or four partners and will therefore be able to create a<br />
What makes places<br />
work are elements<br />
such as variety,<br />
contrast, quirkiness,<br />
points of interest,<br />
indeed the things that<br />
distinguish places<br />
from each other.
6 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 7<br />
6<br />
5<br />
Our local knowledge will give us speedy access to the right people at the right time and<br />
our experience across the use classes will ensure that we can translate the vision through<br />
planning and detailed design to procurring bricks on the ground.<br />
7<br />
8<br />
St James Securities developments total more than 1.5m sq.ft. of<br />
residential and commercial accommodation within a 1,250 metre<br />
radius of The Tetley Gallery.<br />
critical mass of first phase development that wouldn’t be possible<br />
for a single developer given the quantum of development and mix<br />
of uses. This “splash” needs to be sufficient to change perceptions<br />
in the local market and give the scheme impact.<br />
We believe this approach will secure a large volume of development<br />
quickly to deliver critical mass which will in turn fuel demand. This<br />
will ensure the site is developed quickly and in this way strategically<br />
we believe we meet Carlsberg’s aspirations.<br />
1.3 How we will Draw on our Experience and Track<br />
Record to Deliver a Successful Development in a<br />
Timely Manner<br />
Enclosed at Appendix 2 is an aerial view of Leeds with the Brewery<br />
site highlighted in red. The sites highlighted in blue are St James<br />
Securities developments and they total more than 1.5m sq.ft. of<br />
residential and commercial accommodation that we have delivered<br />
within a 1,250 metre radius of The Tetley Gallery. The grey-washed<br />
areas are sites where we have secured planning consents being<br />
implemented by others and these extend to a further 2.5m sq.ft. We<br />
have therefore been involved in more than 4m sq.ft. of residential<br />
and commercial accommodation within walking distance of the<br />
site. Leeds is a regional property market and were one to conduct<br />
an analysis of residential and commercial developments over the<br />
last thirty years the great majority of it would be found to have<br />
been delivered by Leeds based or Yorkshire based developers<br />
either directly or in joint venture arrangements. The great benefit<br />
we have if we are able to secure the Brewery site is that we know<br />
this city, the politicians, council officers and other stakeholders, all<br />
of whom will have a role to play in the delivery of the site.<br />
Our track record as set out in the Expression of Interest document<br />
(partially reproduced over thje follwiing x pages) shows that we have<br />
experience across the use classes and it is breadth of experience<br />
which you require in your chosen developer to ensure that they<br />
have the expertise and skill sets necessary to bring forward what is<br />
in effect a mixed use development.<br />
Our local knowledge will give us speedy access to the right people<br />
at the right time and our experience across the use classes will<br />
ensure that we can translate the vision through planning and<br />
detailed design to procurring bricks on the ground.<br />
7<br />
6<br />
2<br />
3<br />
1<br />
4<br />
Development Site<br />
The Tetley<br />
Key<br />
The Brewery Site<br />
St James Securities developments<br />
1. Bridgewater Place 2. Round Foundry<br />
3. Granary Wharfe Offices 4. The Embankment<br />
5. The Light 6. The Electric Press<br />
7. Wellington Place 8. Lisbon Square<br />
Secured planning consents being implemented by others<br />
3 4 5
8 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 9<br />
Bridgewater Place, Leeds<br />
Developed in our joint venture Landmark St James, Bridgewater Place is the largest single<br />
building we have developed to date. It is a 32 storey office and residential tower and was<br />
completed in 2007.<br />
There are a large number of high profile office tenants in the building including Eversheds,<br />
Ernst & Young, BDO Stoy Hayward, DWF and hair products company GHD have their head<br />
office here also. There are various retail units at ground floor including a Tesco Express,<br />
Philpotts, Starbucks, Fudi and Casa Mia.<br />
The offices extend to more than 25,000 m² and there are 200 apartments in the tower
10 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 11<br />
St Paul’s Place, Sheffield<br />
St Paul’s Place is a key element in the transformation of Sheffield City Centre. The<br />
development has seen the creation of a new prime pitch for offices and complements this<br />
with an exciting mix of cultural, retail, residential and restaurant uses to create a new part of<br />
the city. The offices adjoin The Millennium Galleries and The Winter Gardens and overlook<br />
The Peace Gardens next to the Town Hall. The masterplan integrates these buildings around<br />
a new square, St Paul’s Place, and includes a 32 storey residential tower and the award<br />
winning ‘Cheese Grater’ car park. The scheme was developed by CTP St James, one of our<br />
joint venture companies working in partnership with Sheffield City Council and Creative<br />
Sheffield. The residential element of the scheme was<br />
delivered by City Lofts.<br />
No.1 St Paul’s Place, 7,200 m² offices and 1,000 m² ground floor retailing, was completed<br />
in 2005. No.2 St Paul’s Place, also 7,200 m², was completed in 2009, as was the 520 space<br />
multi-storey car park.
12 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 13<br />
Round Foundry, Leeds<br />
This award winning development, the birthplace of the industrial revolution in Leeds, won<br />
the RICS award for International Regeneration Project of the Year in 2005 – testament<br />
to the quality of design and construction adopted by our team. The Round Foundry was<br />
originally built by Matthew Murray in the 18th century and is the oldest remaining specialist<br />
engineering works in the world. The site was developed by our CTP St James joint venture<br />
converting and adapting the existing structures sensitively, with modern elements to create<br />
an urban village just a few minutes walk from Leeds train station.<br />
The village is made up of 7,000 m² of offices together with apartments, two pubs, two<br />
restaurants, a juice bar, deli, café, newsagent and a small art gallery. The most recent phase<br />
was completed in 2008 and attracted a mix of tenants including an architects’ practice,<br />
Welcome to Yorkshire (The Yorkshire Tourist Board) and a barristers chambers.<br />
Phase 1 benefited from various grants from Yorkshire Forward whilst Phase 2 was the<br />
beneficiary of ERDF assistance.
14 | Invitation to Tender <strong>THE</strong> <strong>BREWERY</strong>, <strong>LEEDS</strong> | 15<br />
M&S Simply Food, Harrogate<br />
St James Securities worked as Hornbeam Park Developments Ltd’s Development Manager<br />
to deliver a new M&S Simply Food Store on a prominent gateway site on the Leeds Road<br />
approach to Harrogate Town Centre.<br />
We identified the opportunity and negotiated the site acquisition (including securing a<br />
relocation site and deal for the vendor), identified and secured the pre-let with the operator<br />
M&S, worked up and secured planning permission and delivered the completed store to<br />
M&S in June 2014.<br />
The store is one of the largest Simply Food stores in the M&S portfolio at 3,142m².<br />
Morrisons, Ilkeston<br />
Derby College selected St James Securities as their development partner to secure planning<br />
permission for and to deliver a new food store on the site of their Ilkeston Campus in 2012.<br />
The site proceeds provided the College with the funds necessary to build a new Campus<br />
in the town centre. St James Securities secured permission for a new 65,000 sq ft food<br />
store and 39 houses and agreed a lease deal with Morrisons who wanted to trade in the<br />
town. The retail development was forward funded by British Steel Pension Fund and the<br />
construction works were completed in 2014.<br />
The store opened in January 2015. The housing element was sold to local house builder<br />
Michael Goodall Homes in February 2015. This was a challenging project on many fronts<br />
however the project was delivered on time and to budget.