Update of Development Trends in Westminster 27 June 2005 CITY DEVELOPMENT OVERVIEW AND SCRUTINY COMMITTEE.

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<ul><li> Slide 1 </li> <li> Update of Development Trends in Westminster 27 June 2005 CITY DEVELOPMENT OVERVIEW AND SCRUTINY COMMITTEE </li> <li> Slide 2 </li> <li> Westminster-The Development Context Westminster has a unique character with its complex land use mix and its buildings and functions of international, national and regional importance including: Historic Environment Institutions Church and State Employment Residents Entertainment The Arts Shopping Transport Education Deprivation </li> <li> Slide 3 </li> <li> Recent Planning Issues in Westminster Local Development Framework Funding for the Planning Service - planning fees and the Planning Delivery Grant Planning Obligations Use Classes Order </li> <li> Slide 4 </li> <li> Current Developments, Design Awards and Planning Obligations Developments Completed or Under Construction: Treasury Building, Parliament St, SW1 -completed (450,000sq.ft.) York House, W1 - under construction (100,000sq.ft.) Broadcasting House &amp; Egton House, W1 - under construction (500,000sq.ft) Design Awards for Buildings in Westminster in 2004: 4 Civic Trust Awards and 3 commendations, 2 Royal Fine Art Commission Trust Award 1 Institute of Civil Engineers Award 1 London Planning Award Planning Obligations completed in 2004/05 to secure: 4.3million+ for environmental improvements &amp; community benefits 11,380,475 for the affordable housing fund 151 affordable housing units </li> <li> Slide 5 </li> <li> ODPM Applications Determined by London Boroughs 2004 </li> <li> Slide 6 </li> <li> Planning Applications Received 2000 - 2005 </li> <li> Slide 7 </li> <li> ODPM Planning Application Processing Time </li> <li> Slide 8 </li> <li> Planning Appeals - 1999 - 2005 </li> <li> Slide 9 </li> <li> Planning Income - 1999 - 2005 Fee Increase </li> <li> Slide 10 </li> <li> The Office Market Westminster has a number of large development schemes under construction and demand is high for pre-application discussion on proposed major schemes. Predictions are that construction is likely to pick up. Drivers Jonas suggest that developers should start on speculative schemes but that these need to be the right property in precisely the right location. </li> <li> Slide 11 </li> <li> Recovery in Central London Source : DJ Research </li> <li> Slide 12 </li> <li> West End Office Market West End Core - Floor by floor basis - Floor plans of 4 -10,000 sq.ft - Top quality space - Serviced offices Outside Core - Larger Floorplates (e.g. Paddington &amp; Victoria) - Lower rents - Large Corporate / Professionals - Impact of Lyons Report Outlook - Speculative development returns - Right space - Right place </li> <li> Slide 13 </li> <li> The Residential and Retail Markets Residential Central Londons house prices remained largely unchanged in 2005, but residential rental values are rising at their fastest rate for 4 years. Housing starts have fallen but the number of planning applications and permissions for residential has increased in 2004. Retail The retail market was been the best performer over the last 3 years but total returns have fallen and, unlike previous years, predictions are not so positive. </li> <li> Slide 14 </li> <li> Tourism and Entertainment Londons attracts 13.1 million visitors a year - it ranks with Paris as the worlds most popular international holiday destination. Westminster is the focus of Londons tourist industry and the heart on Londons entertainment sector with the largest concentration of hotels and attractions. Hotels - permission for an additional 775 bedrooms by the end of 2004. There is pressure for growth in entertainment, leisure and food and drink uses bringing economic benefits but raising amenity issues. Permissions for such uses are decreasing in Westminster. </li> <li> Slide 15 </li> <li> Looking Forward - Issues New Development Plan System - the Local Development Framework, the Core Strategy and the Statement of Community Involvement Sustainable Development - planning is an important vehicle for promoting sustainability and the City Council has produced award winning supplementary planning guidance to help developers achieve this. Planning Obligations - Central Government guidance overdue. Relationship with the Mayor For London - despite differences on some issues, we need to work with the Mayor to promote the city. </li> <li> Slide 16 </li> <li> Large Scale Developments Coming Forward Paddington - Future Phases - Continue to implement approved schemes - Proposed schemes coming forward - Impact of possible expansion of Heathrow airport Victoria - Victoria has seen significant recent development - New development and improved transport facilities proposed - Impact on Victoria of possible expansion of Gatwick Airport Crossrail - Hybrid Bill before Parliament for implementing Crossrail - - Development Opportunities associated with Crossrail Olympics 2012 - Host city to be announced on 6 July 2005 - Venues for Olympic events within Westminster - Impact of the proposal to host the Games </li> <li> Slide 17 </li> <li> Major Applications in 2005 &amp; 2006 Applications for 16 Major Schemes in W1 are expected to be submitted during 2005 &amp; 2006 including -Swiss Centre (hotel, entertainment &amp; residential) -Dickens &amp; Jones (retail, offices &amp; residential) -Marshall St. Baths (leisure centre, refuse depot, residential &amp; offices) -Trenchard House (key worker or affordable housing) Applications for 14 major schemes in the north of the City are expected to be submitted during 2005 &amp; 2006 including -Paddington Central Phase 2 (hotel) -Carlton Gate (residential &amp; medical) -West End Green (retail &amp; residential) Applications for 16 major schemes in the south of the City are expected to be submitted during 2005 &amp; 2006 including -Bowater House (residential &amp; retail). </li> </ul>

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