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Wilson O R G A N I S A T I O N. Wilson O R G A N I S A T I O N Peter Connolly Development Director Blueprint.

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Presentation on theme: "Wilson O R G A N I S A T I O N. Wilson O R G A N I S A T I O N Peter Connolly Development Director Blueprint."— Presentation transcript:

1 Wilson O R G A N I S A T I O N

2 Wilson O R G A N I S A T I O N Peter Connolly Development Director Blueprint

3 Wilson O R G A N I S A T I O N What are we? A Property Development Company that specialises in regeneration but different and distinctive A different structure A different remit A different approach

4 Wilson O R G A N I S A T I O N The Blueprint Structure A Property Regeneration Partnership formed in May 2005 Igloo, EMDA, EP as shareholders Igloo as an ethical regeneration fund (first of its kind) A true Public Private Partnership – no one dominant partner Shared investment, ownership, risk, profit and control

5 Wilson O R G A N I S A T I O N Igloo Regeneration Igloo is described by the United Nations as the Worlds first sustainable property investor and is the only substantial socially responsible real estate investment vehicle in the UK. Igloo is developing a real estate investment portfolio founded on an SRI policy.

6 Wilson O R G A N I S A T I O N Socially Responsible Investment 21 criteria across 3 themes Regeneration Regeneration - investing in the regeneration of the social, physical and economic fabric of urban neighbourhoods; Environmental Environmental - investing in schemes that demonstrate the environmentally sustainable use of resources during construction and subsequent occupation; and Urban design Urban design - investing in an urban renaissance through the design of buildings and public realm that are distinctive, vibrant and urban in character. Health and Wellbeing Health and Wellbeing – Ensuring that the people that will live, work and dwell in the places we create are right at the centre of the design.

7 Wilson O R G A N I S A T I O N Igloo Regeneration Igloo currently has 23 projects across its direct development and partnership portfolios with a completed development value of £2.5bn creating 8,500 homes and 10,000 jobs on around 250 acres of brownfield land. Igloo continues to market for further equity and is actively assessing new development opportunities in edge of city-core locations within the UK's Top 20 centres.

8 Wilson O R G A N I S A T I O N Creates – A Potent Mix Brings together public sector influence and resource with private sector money, skills and experience. Generates more money, more people and more expertise to support the East Midlands regeneration agenda. A partnership where all can benefit.

9 Wilson O R G A N I S A T I O N The Blueprint Remit Public benefits, shared profits. Help EMDA / English Partnerships and associated stakeholders to deliver core objectives. Focus on projects where the mainstream private sector might struggle to deliver desired outcomes. Concentration on the regions six Urban Priority Areas.

10 Wilson O R G A N I S A T I O N Commercial Property Market Occupier Enquiries remain strong, but expected to tail off Funds reducing their exposure to property Bank Finance terms tighter. Business Rates UNCERTAINTY

11 Wilson O R G A N I S A T I O N Residential Property Market Mortgage Lending Conditions City Centre Buy to let investments Family Housing Key Workers Migrant Populations Owner Occupier Demand HCA

12 Wilson O R G A N I S A T I O N Derby Opportunities Cathedral Quarter Riverside Castleward DRI Science/Knowledge Park

13 Wilson O R G A N I S A T I O N Leicester Opportunities St Georges – Cultural Quarter Waterside Abbey Meadows Science Park Station Gateway

14 Wilson O R G A N I S A T I O N Nottingham Opportunities Extended Eastside Bio City and Science Park – QMC Medipark Waterside Station Gateway City Centre – Conversion of existing buildings

15 Wilson O R G A N I S A T I O N Leicester, St Georges – DMC

16 Wilson O R G A N I S A T I O N Nottingham Science Park

17 Wilson O R G A N I S A T I O N Derby – Bold Lane/Sadlergate Architect design competition Sympathetic design to repair streetscape Biodiversity Natural ventilation and light High insulation and low energy Real mixed use community

18 Wilson O R G A N I S A T I O N Derby – Bold Lane/Sadlergate 45,000 sq ft flexible office space 24 apartments 6 retail/café bar/restaurant units Car and cycle parking Public space New routes and connections Planning application – September 2007 Completion Spring 2009

19 Wilson O R G A N I S A T I O N The Blueprint Solution Be Innovative and seek opportunities to improve design quality and build distinctive places that reflect our SRI policy Footprint. Create places where people want to be. Seek solutions that will add value to the whole life of the project. Take a longer term view.

20 Wilson O R G A N I S A T I O N Peter Cochrane Senior Economic Adviser RBS Group Economics

21 Wilson O R G A N I S A T I O N Economic words of wisdom from a sage…….. My friends, as I have discovered myself, there are no disasters, only opportunities……… ……. and, indeed, opportunities for fresh disasters

22 Wilson O R G A N I S A T I O N Talking ourselves into recession? Source: Factiva Early 90s Recession Asian Financial Crisis Dotcom Bubble & Sep 2001 Credit Market Turbulence

23 Wilson O R G A N I S A T I O N Commercial Property has had a rough ride Source: IPD Monthly Index

24 Wilson O R G A N I S A T I O N Doom in the residential housing market…. Source: Halifax, Bank of England

25 Wilson O R G A N I S A T I O N Labour market still looks strong in the UK Source: Datastream

26 Wilson O R G A N I S A T I O N Households are rebuilding their balance sheets Source: Bank of England

27 Wilson O R G A N I S A T I O N A weaker pound helps exporters…. Source: Datastream

28 Wilson O R G A N I S A T I O N The Bank of England is cutting interest rates…. Source: Datastream

29 Wilson O R G A N I S A T I O N But inflation beginning to bite …. Source: Datastream

30 Wilson O R G A N I S A T I O N And cuts not impacting LIBOR much anyway Source: Datastream

31 Wilson O R G A N I S A T I O N Real Estate in the US lurches downwards Source: Datastream

32 Wilson O R G A N I S A T I O N Global Commodity prices show no sign of retreating Source: Datastream

33 Wilson O R G A N I S A T I O N UK Government not in a strong position Source: Datastream

34 Wilson O R G A N I S A T I O N What for the UK? The Labour Market is key to the fortune of the UK Economy in 2008 GOODUGLY Plenty of vacancies and some wage inflation keep consumers spending moderately Reinforces ongoing demand in the Labour Market A virtuous circle Retail property sees decent rental growth Overvaluations softened through increasing income while capital values stabilise Mortgage payments continue – only limited forced selling in the residential market Stabilising house prices – a soft landing Consumer Spending weakens as people worry about house prices and recession Tough retail environment triggers some job losses Self-fulfilling prophecy – vicious circle Commercial Property rental growth slumps, leading to double whammy on capital values Forced selling and repossessions as mortgages default House prices fall sharply following negative demand shock

35 Wilson O R G A N I S A T I O N East Midlands faces more headwinds than most Source: RBS/NTC Economics

36 Wilson O R G A N I S A T I O N Online registration form: Website: Contact us: Our reports by

37 Wilson O R G A N I S A T I O N A word from our lawyers…… This material is published by The Royal Bank of Scotland plc (RBS) which is authorised and regulated by the Financial Services Authority for the conduct of regulated activities in the UK. It has been prepared for information purposes only and does not constitute a solicitation or an offer to buy or sell any securities, related investments, other financial instruments or related derivatives (Securities). It should not be reproduced or disclosed to any other person, without our prior consent. This material is not intended for distribution in any jurisdiction in which its distribution would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by RBS and RBS makes no representation, express or implied, nor does it accept any responsibility or liability of any kind, with regard to the accuracy or completeness of this information. Unless otherwise stated, any views, opinions, forecasts, valuations, or estimates contained in this material are those solely of the RBS Groups Group Economics Department, as of the date of publication of this material and are subject to change without notice. Recipients of this material should make their own independent evaluation of this information and make such other investigations as they consider necessary (including obtaining independent financial advice), before acting in reliance on this information. This material should not be regarded as providing any specific advice. RBS accepts no obligation to provide any advice or recommendations in respect of the information contained in this material and accepts no fiduciary duties to the recipient in relation to this information.


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