CAMPBELL PARKNORTHSIDEMILTON KEYNES

VISION FOR A CITY DESIGN THAT COULDINSPIRE A FUTURE MILTON KEYNES

CAMPBELL PARKNORTHSIDE

Illustration: Indicative image for illustrative purposes only. Project by C.F. Møller Sverige and Kjellander + Sjöberg.

THE OPPORTUNITYMilton Keynes Development Partnership (MKDP) isseeking Expressions of Interest and invites indicativeproposals and offers to develop this significantresidentially led, mixed use opportunity on the northside of Campbell Park.There is no fixed development brief for this prominent 12 hectare siteand therefore MKDP is looking for an innovative longterm StrategicDevelopment Partner to master plan, build and deliver a pioneeringdevelopment. The developer may like to consider including high qualityfood and beverage outlets, quality office accommodation, and apremium hotel with a conference centre and spa. There are norestrictions on the storey height and there is the possibility of exceeding10 storeys to create a feature gateway to Central Milton Keynes fromthe canal end of the site.

EXCITINGRESIDENTIALLY-LED,MIXED USE DEVELOPMENTOPPORTUNITY.• Greenfield site of approximately 12 hectares(29.3 acres)• Comprising F1, G1 and H1 between MarlboroughGate and the Grand Union Canal

Oxford 42 miles • Cambridge 47 miles • London 53 milesBirmingham 69 miles

Train Times (from Milton Keynes Central):Northampton 16 mins • London Euston 35 minsBirmingham New Street 55 mins • Leicester 91 mins

AirportsLondon Heathrow 75 mins • Luton Airport 35 minsBirmingham Airport 73 mins • Stansted Airport 74 mins(All distances and times are approximate)

These particulars are intended only as a guide and must NOTbe relied upon as statements of fact.Your attention is drawn to the IMPORTANT NOTICE on the lastpage of the text.

CMK BlockIdentification Plan

F1

G1

LOCATIONMilton Keynes is located at the very heart of theUK, and is the epicentre point between London,Birmingham, Oxford and Cambridge. Its road andrail connections put you at the heart of one of themost dynamic regions in Europe. Just 35 minutesby train from Central London, the city offers globalbusiness opportunities without the stress and costof being located in the capital.Milton Keynes is served by international airports such as LondonHeathrow, London Luton, London Stansted, Birmingham and EastMidlands, all of which can be reached within 90 minutes.This extraordinary connectivity offers businesses direct access to one ofthe world’s leading talent pools, makes it easy to do business across theUK and beyond, and puts 18 million consumers within a one hour drive.Milton Keynes is one of the fastest growing cities in the UK and home toover 700 companies. The city has attracted more than 500 inwardinvestors and is home to some of the largest concentrations of North

American, German, Japanese and Taiwanese firms in the UK. The city isconsistently ranked at the top of economic benchmarking surveys. In2015 Centre for Cities ranked Milton Keynes as number one for jobgrowth in the last decade and number one location for start-ups outsideof London. Experian ranked the city as the place with the best growthprospects for jobs and output for 2013-2017.Milton Keynes is also Britain’s fastest growing city by population.The population has grown 18% between 2004 and 2013 and the job basehas expanded by 24,400, a growth of 16%.

The City will support thousands of new jobs and widespreadprosperity as:• One of the most accessible city centres in the UK• A vibrant and safe place to live• An admired, prestigious city centre• A home for people and organisations working to reduce theircarbon footprint• An inclusive place encouraging participation and interaction

H1

Location Plan

There are still significant opportunities to be part of a visionary city andthriving community. The city centre is a magnet for premier business,retail and leisure occupiers and recent developments will enhance itsreputation.Milton Keynes Development Partnership LLP (MKDP) is an independentlegal entity wholly owned by Milton Keynes Council to facilitate MiltonKeynes’ continued growth and economic success by promoting thedevelopment of its land assets in line with the Council’s Plan 2016-2020and the MK Futures 250 Commission report - Making a Great CityGreater. MKDP takes a commercial and entrepreneurial approach to sell anddevelop these assets with third party developers and investors. MKDP’s development land bank comprises over 120 hectares (300acres) suited to employment, residential and commercial leisure uses.

For more information about MKDP:www.mkdevelopmentpartnership.co.uk

PLANNINGIn March 2007, the Campbell Park Northsidesite received outline planning consent underApplication Reference 04/00586/OUT for mixeduse comprising the following:• Up to 2400 residential units• Up to 140,385 sqm office/retail space• Up to 2366 sqm leisure/community uses• Up to 6640 sqm “live work” units• New marinas along the Grand Union Canal

Some of this has already been delivered and further development isunderway with Crest Nicholson. The Strategic Development Partneris encouraged to review this planning application and the Section 106which can be found in the Knight Frank Data Room. It is envisaged that the Strategic Development Partner will bringforward its vision and plans for the site and submit a new planningapplication to the Local Planning Authority for their consideration.

Milton Keynes has the only Business Neighbourhood Plan in theUK which sets out a clear vision for developing Central MiltonKeynes (CMK) which by 2026 will be the dynamic centre of one of thefastest growing regions in the southeast of England and the UK.MK’s aspiration for the future as set out in the MK Futures 2050 reportmay also be a material consideration.

THE DEVELOPER SELECTIONWith these ideals in mind, MKDP does not seek topre-determine its potential Strategic DevelopmentPartner’s vision for the site but, as a broadbrush guide, the following are considered important:• The Developer to bring forward comprehensive market-facing strategicvision for the whole site and promote through the planning process.

• Architectural excellence, innovation, solid environmental sustainabilityand high quality build are a pre-requisite to delivering a qualitydevelopment to meet the balance between social and economicobjectives.

• Long term continuity and commitment to develop and deliveringthe whole project is essential as it is the balance between creationof a vibrant new community and provision of a meaningful capitalreceipt.

• The design and delivery of the scheme will need to be carriedout with the cooperation of the Local Planning Authority. Excellentcommunication will be required to ensure that policy requirementssuch as Affordable Housing, environmental stability, its parkingprovision and contribution to the improved transport network in thecity can be incorporated into the scheme.

KNIGHT FRANK DATA ROOMFurther planning information can be found within a dedicated extranet site: http://extranet.knightfrank.info/CampbellParkNorthside/default.aspxUsername: CampbellPark Password: N0rthside759!

SELECTION PROCESSA staged tender process will be undertaken to find anappropriate developer for the scheme, with offersjudged on the basis of the quality of the indicativedesign proposals and layout, together with theexperience of the Tenderer on similar projects andthe indicative financial offer.Stage I - Expressions of InterestExpressions of Interest which must include indicative offers for thewhole development site to include sketch designs and scheme layout.Stage I bids will be assessed against the following criteria:• a: 50% - experience on similar projects and financial standing.Evidence to be supplied.

• b: 30% - suitability and quality of designs and deliverability, includingplanning

• c: 20% - the financial offer and financial return to MKDP

Stage II - Detailed BidsDepending on the level of interest and the quality of the proposalsreceived, MKDP will invite 4-5 parties to prepare detailed proposals andfirm up their financial offers. As part of the Stage II tender process, partiesmust invest heavily in presenting their masterplan and designs to theBoard of MKDP. They will be considering layouts, land use, massing,elevation treatments, parking, affordable housing at a minimum, alongwith deliverability and capital receipt. A final criteria will be given to theTenderers as part of their Stage II Information Pack.Proposed Deal StructureMKDP owns the freehold of the subject site and their preference is forthe disposal of the long leasehold interest by way of an “agreement tolease” and “building lease” subject to a premium, ground rents andoverage provisions. This is the standard approach that MKDP take withall of their sites, both large and small. Furthermore, developers arewelcome to submit additional offers with alternative deal structures. Thedisposal process will be used to assess the best value for the site.Please note: MKDP reserves the right not to accept any bid. All costs incurred in this tenderingprocess are at the Tenderer’s risk.

SERVICESWe understand that mains services are available tothe site.However, it is the responsibility of the Prospective Purchaser to ensurethat these services are available and adequate for the future use ofthe land.

LOCAL AUTHORITYMilton Keynes Council: Civic Offices1 Saxon Gate EastCentral Milton KeynesMK9 3EJTel: 01908 691 691www.milton-keynes.gov.uk

LINKS & REFERENCESThe recently released “Milton Keynes: Making aGreat City Greater” report was published by theMilton Keynes Futures 2050 Commission. This journal outlines the roots of the proposed future for the city’sgrowth to contribute to the nation’s prosperity whilst leading by exampleas a smart, sustainable and clean economic hub. A copy of this canbe found within Knight Frank’s data room.The following links and resources are provided for your reference:MK Futures 2050 website: • www.milton-keynes.gov.uk/MKFutures2050CommissionPrevious stages in the Plan:• MK process www.milton-keynes.gov.uk/PlanMKPlan: MK Topic Papers and consultation responses • http://miltonkeynes-consult.objective.co.uk/portal/planmkConsultation Statement:• www.milton-keynes.gov.uk/PlanMKVision Workshops Report:• www.milton-keynes.gov.uk/PlanMK

Evidence Base documents:• www.milton-keynes.gov.uk/planning-and-building/planning-policy/evidence-base-documents

• www.milton-keynes.gov.uk/planning-and-building/planning-policy/five-year-housing-land-supply-annual-monitoring-reportCore Strategy 2013:• www.milton-keynes.gov.uk/planning-and-building/planning-policy/core-strategy-2013Local Plan 2005: • www.milton-keynes.gov.uk/planning-and-building/planning-policy/local-plan-2005Site Allocations Plan: • www.milton-keynes.gov.uk/planning-and-building/planning-policy/site-allocations-pnNeighbourhood Plans: • http://cmktowncouncil.gov.uk/referendum-on-cmk-business-neighbourhood-plan/Local Transport Plan: • www.milton-keynes.gov.uk/streets-transport-and-parking/transport-policyNational Planning Policy Framework and Planning Policy Guidance: • http://planningguidance.planningportal.gov.uk/

FURTHER INFORMATIONFor further information, please contact any of thefollowing persons:

Residential Development LandDavid Fenton Partner David.fenton@knightfrank.com 07836 587 931

Residential Development LandJonathan Wish Associate (Main Contact) Jonathan.wish@knightfrank.com 07468 727 667

Residential Development CapitalTim Treadwell Partner (PRS)Tim.treadwell@knightfrank.com 07792 765 156

01789 269853Bridgeway HouseBridgeway Stratford-upon-Avon CV37 6YX KnightFrank.co.uk

IMPORTANT NOTICE1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing(“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about theproperty, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of theproperty as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any partof the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that thesematters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. 5. Viewing by appointment only.6. Particulars dated April 2016. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London,W1U 8AN, where you may look at a list of members’ names.

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Images shown are representative of MiltonKeynes and the surrounding area.