logistics 2013: jonathan wallis
Post on 21-Aug-2015
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Miller Group
The Miller Group is the UK’s largest privately-owned, house-building, property development and construction business.
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
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
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
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