Delivering OmegaA Presentation to

Place North West Logistics Conference

11 June 2013

• Miller Developments

• Omega

Miller Group

The Miller Group is the UK’s largest privately-owned, house-building, property development and construction business.

Divisions:

Omega

• Omega Warrington Ltd• Omega - A Brief History• Current Activity• Occupier Interest • Local Engagement• Next Steps

Omega Warrington Ltd

A joint venture between Miller Developments and West Register Property in partnership with HCA

supported by Warrington Borough Council, Warrington & Co & Warrington and Cheshire LEP

Omega

• Omega Warrington Ltd• Omega - A Brief History• Enabling Development• Current Activity• Occupier Interest • Local Engagement• Next Steps

Omega - A Brief History

• International competition 2000• Appointed June 2002• 33 years Development Agreement• Masterplan evolution

• Pre application Stakeholder Consultation• Public Exhibitions• UDP Consultation

Omega - A Brief History• International competition 2000• Appointed June 2002• 33 year Development Agreement• Masterplan evolution

• Preapplication Stakeholder Consultation• Public Exhibitions• UDP Consultation

• Phases 1 and 2 planning submitted in October 2003

• Consent granted June 2007

Phases 1 and 2 of Omega Masterplan

Omega - a Brief History – August 2007

Nationally, there was just over 27 million sq ft of new floorspace available in 2008 compared to 7 million sq ft today

End Dec 2006

End June 2007

End Dec 2007

End June 2008

End Dec 2008

End June 2009

End Dec 2009

End June 2010

End Dec 2010

End Dec 2011

End June 2012

End Dec 2012

End March 2013

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

Source: Jones Lang LaSalle Figures refer to new units of 100,000 sq ft and over.

In the North West there was 4.5 million sq ft available in 2009 compared to under 500k sq ft today

End of March 2007

End of March 2008

End of March 2009

End of March 2010

End of March 2011

End of March 2012

End of March 2013

0.0500,000.0

1,000,000.01,500,000.02,000,000.02,500,000.03,000,000.03,500,000.04,000,000.04,500,000.05,000,000.0

New floorspace

New floorspace

Source: Jones Lang LaSalleNote: New available supply at end of March 2013 includes 332,000 sq ft of new floorspace under construction.Supply figures for good quality secondhand floorspace only availble at End March 2012 and End March 2013

Enabling Development

Public Sector Private Sector

WBC- Phased S106 payments - Movement of S278 triggers - Planning in 5 weeks- LEP Funding

HCA- Commercial variations to Development Agreement- Phased land payment- Freehold option

- Continued equity investment- c.£2m utility orders- Site strip

Oven Ready Development

Omega

• Omega Warrington Ltd• Omega - A Brief History• Enabling Development• Current Activity• Occupier Interest • Local Engagement• Next Steps

Current Activity – Brakes Pre Let & Funding

• 200,000 sq ft cold/chilled/ ambient logistics centre• Forward funded by LaSalle Investment Management• Bowmer & Kirkland main contractor, D. Morgan

infrastructure• Practical completion August 2013• c.600 permanent jobs• New Omega North access road under construction• Utilities work on Omega South including new electricity

sub station

Current Activity – Hermes Pre Let & Funding

• 150,000 sqft cross docked automated parcel depot• Forward funded by LaSalle Investment Management• Practical completion October 2013• Bowmer and Kirkland main contractor• c.400 permanent jobs

Travis Perkins – Freehold Turnkey

• 630,000 sq ft cross docked RDC• 70,000 sq ft mezzanine• Planning permission granted 3 June 2013• Out to tender 17 June• Practical Completion due July 2014• c 460 permanent jobs

Omega South

Delivery Time

• Brakes March 2000 to Dec 2012: 2.75 years

• Hermes June 2011 to March 2013: 1.75 years

• Travis Perkins July 2011 to April 2013: 1.75 years

Omega

• Introduction• Omega - A Brief History• Enabling Development• Current Activity• Occupier Interest Omega North• Occupier Interest Omega South• Local Engagement• Next Steps

Local Engagement

• Liaised with WBC Community Employment Learning & Skills Team

• Signed Local Employment Agreement• Omega Partnership Group• Parish Council Presentations• Residents Mailer• Principal Contact: Jo Sistern – GL Hearn

Next Steps

• Marketing of remaining Omega North plots – 2.9 acres plus 3.25 acres

• Completing design of new Masterplan in line with Draft Core Strategy

• Submission and receipt of new outline planning permission for Omega South by year end

Conclusion

• 2013 defining year in development of Omega• On site developing 1.85 m sq ft by year end • Delivery c. 2,000 permanent jobs• No room for complacency, another 500 acres to go