LOGISTICS CITY - Kier Group - Construction, Support .../media/Files/K/Kier/documents/capabilities/Property... · KIER PROPERTY LOGISTICS CITY 04_ ANDOVER 50 Evolution 50 is a new

LOGISTICS CITY

Kier Propertywww.logistics-city.co.uk

The Property division is an integral part of the Kier Group and we are keen to utilise Group resources to continue to grow.

The Kier Property division undertakes investment, development and asset management across a broad spectrum of property assets.

Kier has built up an enviable track record of performance within the industrial market. Kier Property’s success is driven by determination not to overcomplicate the development process, and deliver against key milestones for occupiers and investors alike.

The Logistics City brand has been developed by Kier Property in an aim to offer a unique warehousing concept to occupiers throughout the UK. The brand will reinforce Kier’s significant presence in the industrial sector.

INTRODUCTIONKIER PROPERTY INTRODUCTION

02

INTRODUCTION

KIER PROPERTY CONTENTS

Current Sites

01 Tyne and Wear 4

02 Thurrock 6

03 Reading 8

04 Andover 10

05 Normanton 12

06 Frimley 14

Completed Sites

07 Bicester 16

08 Costco 18

09 Enfield 20

10 Geopost 22

11 Milton Keynes 24

12 Waltham Point 26

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KIER PROPERTY LOGISTICS CITY

01_SWANS TYNE & WEARSwans in Wallsend is a manufacturing and technology hub for first class leading companies involved in the offshore and renewable industries.This site offers opportunities to lease or purchase bespoke built accommodation from 465 sq m (5,000 sq ft) up to 46,450 sq m (500,000 sq ft). Preferential access for occupiers to the Swans deep water quay, cranes and loading facilities.

The strategically located riverside site proposes bespoke advanced manufacturing units, with a fully operational quay, heavy load out facilities and access to the North Sea. This site benefits from Enterprise Zone status which includes business rates discounts for occupiers.

This project is an Infrastructure and Investment partnership between North Tyneside Council and Kier Property.

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SWANSTYNESIDE.CO.UK

SWANSTYNESIDE.CO.UK

Kier Property and their agents give notice that this brochure is produced for general promotion of the development and for no other purpose, particulars are intended as a general outline only forthe guidance of intending occupiers and do not constitute part of an offer or contract. All descriptions, references to conditions and necessary permissions for use and occupation and other detailare given in good faith, and are believed to be correct, as at date of publication, but any intending occupiers should not rely on them as statements of representation of fact, but must satisfythemselves by inspection or otherwise to the correctness of each item. No person in the employment of the agents has any representation or warranty of whatsoever in relation to this property.

SWANSAdvanced Manufacturing on the Tyne

PGN PROPERTY CONSULTANTS

Paul NicholsonT: 0191 264 6638E: [email protected]

BNP PARIBAS REAL ESTATE

Richard DunhillT: 0113 237 6661E: [email protected]

Aidan BakerDDI: 0191 227 5737E: [email protected]

TO FIND OUT MORE CONTACT

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02_THURROCKLogistics City, Thurrock is a major new development set in the heart of the West Thurrock industrial area on Motherwell Way, close to Junction 30/31 of the M255.West Thurrock is strategically located in order to access Central London, as well as the north and south M25 markets. Local occupiers include DHL, Co-op, Royal Mail, Tesco and Carpetright.

Logistics City, Thurrock is within a short distance from the Intu Lakeside Shopping Centre and various Lakeside Retail Parks which comprise one of the largest shopping areas in Europe with approximately 2.6 million sq ft of retail accommodation.

Foremost occupiers include: IKEA, Costco, B&Q, Decathlon, Next, M&S, Debenhams, House of Fraser, TGI Fridays, Pizza Hut, KFC and Costa Coffee.

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CLIENT: Speculative

LOCATION: West Thurrock, Essex

DESCRIPTION: Light Industrial

VALUE: £39 million

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4 5

ReadingGateway ReadingGateway

J11 M4

To London

To Bristol


03_READINGThis site extends to a total of 20.5 acres (8.3 hectares) on a level, island site with frontages to the A33, Imperial Way and Basingstoke Road.The site previously accommodated 393,000 sq ft (36,500 sq m) of office accommodation and research and development facilities, with parking for 1,182 vehicles. The previous buildings have been demolished and the site is largely clear, with some areas of hard standing (access roads and surface parking).

Reading is an affluent town in the heart of the Royal County of Berkshire, know as the major commercial centre within the Thames Valley.

On completion, the mixed use scheme will provide commercial accommodation across the front 12.5 acres, incorporating industrial uses, retail and a 120 bed hotel. Residential units will be developed on the remaining 7.5 acres.

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CLIENT: Investec Structured Property Finance

LOCATION: Reading


VALUE: £75 million

4 5

ReadingGateway ReadingGateway

J11 M4

To London

To Bristol

09


04_ANDOVER 50Evolution 50 is a new high quality detached distribution warehouse building with integral first floor offices constructed on a prominent fully self contained site of 2.74 acres in a joint development by Kier Property and Test Valley Borough Council.The unit is of steel portal frame construction with profile metal twin skin insulated cladding on a reinforced concrete slab.

Evolution 50 benefits from a clear height of 10 metres to the underside of the eaves. The space is serviced by 2 dock level loading doors and 4 full height level access doors via a separate yard area with a depth of 41 metres which is accessed off Walworth Road.

There are two separate office car parking areas. The offices are arranged over the first floor over looking Walworth Road and will be accessed via a staircase. They are fitted to a high standard in a generally open plan environment.

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CLIENT: Speculative

LOCATION: Walworth Business Park, Andover


VALUE: £4.5 million

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05_NORMANTON The 6-acre development in Normanton, entitled Tri-Link140 LLP, is a joint venture between Kier Property and Leeds-based Yorvale, and Maple Grove Developments, part of the Eric Wright Group.The two-storey, 142,000 sq ft unit comprises 135,000 sq ft of B2 and B8 warehouse and distribution space and 7,000 sq ft of office accommodation. Located at Wakefield Europort, it will accommodate 160 parking spaces for cars and HGVs and 13 dock-level loading doors, with two level access doors.

The development, which is located at junction 31 of the M62, benefits from unrivalled commuter links and access from Europort freight terminal.

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FRONT

REAR

CLIENT: Kier Property, Maple Grove and Yorvale

LOCATION: Normanton, Wakefield

DESCRIPTION: Industrial


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06_FRIMLEYKier Park Frimley offers an exciting opportunity to deliver “build to suit” units of up to 41,120 sq ft. The site is adjacent to the recently completed Trade City multi-let light industrial estate and offers a high quality landscaped environment.

The site has the ability to provide units from 8,800 sq ft, with generous car parking ratios on a busy logistical scheme.

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CLIENT: Speculative

LOCATION: Lyon Walk, Frimley

DESCRIPTION: Light Industrial/Distribution


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07_BICESTERKier purchased this 15 acre site on Skimmingdish Lane, Bicester in Oxfordshire, having successfully secured planning permission for up to 260,000 sq ft of industrial space. Kier went on to develop the scheme over four phases. The first phases were anchored by a 38,000 sq ft pre-let to Bicester Logistics, Tibbett & Britten and Fresh Direct, a food wholesaler and distributor.

The final phase delivered a 30,000 sq ft and a 55,000 sq ft unit for Target Parcels and Cooper Callis respectively, together with ten Trade City units totalling 45,000 sq ft.

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CLIENT: Speculative

LOCATION: Oxfordshire

DESCRIPTION: Industrial warehousing

VALUE: £21 million

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08_HAYESKier was selected ahead of stern competition as the preferred developer by the London Borough of Hounslow Council.Phase I comprised relocating the historic market onto the adjacent site. A new 100,000 sq ft fruit and vegetable hall and a 38,000 sq ft flower hall were constructed. In exchange Kier took ownership of the former market site.

Working alongside the Council, Kier secured planning consent for a Costco membership warehouse club by negotiating a change of use from employment uses to Sui Generis. Consent was granted for a 136,500 sq ft warehouse with 550 car parking spaces. Kier also worked closely with Wimta (market tenants association) who represent in excess of 100 tenants to enable the Costco use on the site.

The building was forward funded at a price of £41m.

The residual phases include 180,000 sq ft data centre and a speculative Trade City development of 56,000 sq ft in 9 terraced units.

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CLIENT: Costco

LOCATION: Hayes Road, Hayes, West London

DESCRIPTION: 136,500 sq ft Membership Warehouse Club

VALUE: £41 million

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09_ENFIELDKier has completed two successful developments in Enfield attracting major companies in the distribution, trade and data centre sectors. Enfield is the second largest industrial area in London after Park Royal and is a strategic location serving the surrounding area and London. The development included the acquisition of two sites and was developed in two phases.

The first phase included a pre-let to Selco for a 55,000 sq ft distribution unit to serve north London and a new 22,000 sq ft car dealership to Renault due to the proximity of the site to the Retail Park. The second phase was built on the adjoining site and following the success of Phase I, Kier speculatively developed 80,000 sq ft of distribution space in three units.

The three units were sold on completion to Quality UK, a clothing distributor, Chris & Sons, a hairdressing product distributor and Virtus, who converted the building to a datacentre.

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CLIENT: Virtus Data Centres

LOCATION: Enfield

DESCRIPTION: Trade City

VALUE: £22 million

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10_FELTHAMKier exchanged a sale and purchase agreement in an off-market deal, to purchase this five acre cleared site to deliver a GeoPost pre-let.The agreement for lease was exchanged with GeoPost in June 2013 for a 41,000 sq ft pre-let distribution centre on a 20 year term which, when at full operation, will handle up to 4,000 parcels an hour.

Prior to completing the site purchase, Kier secured forward funding on a developer’s lease basis from AXA’s UK long lease property fund. As part of the forward funding, the sales agreement was varied to transfer the site directly from the existing owner to AXA, thus achieving a SDLT saving.

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CLIENT: GeoPost

LOCATION: Forest Road, Feltham

DESCRIPTION: Developer

VALUE: £9.6m

PARTNER: AXA

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11_MILTON KEYNESKier speculatively committed to develop a two-unit 176,000 sq ft distribution scheme on a 10 acre site, close to junctions 13 and 14 of the M1 Motorway.The 110,000 sq ft XXL unit was pre-let to Cullina Logistics Three months before practical completion and the smaller 60,000 sq ft XL unit was let to MacFarlane Packaging Group.

The development was pre-funded with British Gas pension fund and the scheme was a short-listed finalist for “Best Bespoke Development” in the Industrial Agents Society awards.

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CLIENT: British Gas Pension Fund

LOCATION: Milton Keynes

DESCRIPTION: Industrial


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12_WALTHAM POINTWaltham Point was a mixed commercial and residential scheme demonstrating Kier’s major redevelopment and regeneration expertise.Kier was able to offer Royal Ordnance a ‘one stop shop’ to this major project that included the remediation and redevelopment of a former weapons and propellants manufacturing establishment and was previously considered one of the most contaminated sites in the UK.

Kier developed over 800,000 sq ft of industrial space which included the largest leasehold distribution facility in the South East (pre-let to Sainsbury’s and forward sold to Aviva Investment Management), as well as 34,000 sq ft of Business Starter Units developed under Kier’s Trade City brand.

Kier also developed over 450 residential units in conjunction with several other developers and transferred a 300 acre country park to the Lee Valley Regional Park Authority.

On behalf of Essex County Council, Kier also constructed a relief road under a Design and Build contract totalling c.7km in length and connected Waltham Abbey with Junction 26 of the M25.

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CLIENT: Aviva

LOCATION: Waltham Abbey

DESCRIPTION: Industrial / Redevelopment

VALUE: £120 million

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CONTACT_Kier Property Ltd 6 Cavendish Place London W1G 9NB

t 020 7462 2750 w kier.co.ukw logistics-city.co.uk

Documents

LOGISTICS CITY - Kier Group - Construction, Support .../media/Files/K/Kier/documents/capabilities/Property... · KIER PROPERTY LOGISTICS CITY 04_ ANDOVER 50 Evolution 50 is a new