Logistics 2013: Jonathan Wallis

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Director of Miller Developments and Omega Warrington told the story of how the major development on the M62 recovered from the market crash and started delivering.

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Logistics 2013: Jonathan Wallis

  1. 1. Delivering OmegaA Presentation toPlace North West Logistics Conference11 June 2013
  2. 2. • Miller Developments• Omega
  3. 3. Miller GroupThe Miller Group is the UK’s largest privately-owned,house-building, property development andconstruction business.
  4. 4. Divisions:
  5. 5. Omega• Omega Warrington Ltd• Omega - A Brief History• Current Activity• Occupier Interest• Local Engagement• Next Steps
  6. 6. Omega Warrington LtdA joint venture between Miller Developments andWest Register Property in partnership with HCAsupported by Warrington Borough Council,Warrington & Co & Warrington and Cheshire LEP
  7. 7. Omega• Omega Warrington Ltd• Omega - A Brief History• Enabling Development• Current Activity• Occupier Interest• Local Engagement• Next Steps
  8. 8. Omega - A Brief History• International competition 2000• Appointed June 2002• 33 years Development Agreement• Masterplan evolution• Pre application Stakeholder Consultation• Public Exhibitions• UDP Consultation
  9. 9. 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 October2003• Consent granted June 2007
  10. 10. Phases 1 and 2 of Omega Masterplan
  11. 11. Omega - a Brief History – August 2007
  12. 12. Nationally, there was just over 27 million sq ft of newfloorspace available in 2008 compared to 7 million sq fttoday-51015202530End Dec2006EndJune2007End Dec2007EndJune2008End Dec2008EndJune2009End Dec2009EndJune2010End Dec2010End Dec2011EndJune2012End Dec2012EndMarch2013MillionssqftSource: Jones Lang LaSalle Figures refer to new units of 100,000 sq ft and over.
  13. 13. In the North West there was 4.5 million sq ft available in2009 compared to under 500k sq ft today0.00.51.01.52.02.53.03.54.04.55.0End ofMarch 2007End ofMarch 2008End ofMarch 2009End ofMarch 2010End ofMarch 2011End ofMarch 2012End ofMarch 2013MillionssqftNew floorspaceNew floorspaceSource: 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
  14. 14. Enabling DevelopmentPublic Sector Private SectorWBC- Phased S106 payments- Movement of S278triggers- Planning in 5 weeks- LEP FundingHCA- Commercial variations toDevelopment Agreement- Phased land payment- Freehold option- Continued equityinvestment- c.£2m utility orders- Site strip
  15. 15. Omega• Omega Warrington Ltd• Omega - A Brief History• Enabling Development• Current Activity• Occupier Interest• Local Engagement• Next Steps
  16. 16. 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. Morganinfrastructure• Practical completion August 2013• c.600 permanent jobs• New Omega North access road under construction• Utilities work on Omega South including new electricitysub station
  17. 17. 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
  18. 18. 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
  19. 19. Omega South
  20. 20. 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
  21. 21. Omega• Introduction• Omega - A Brief History• Enabling Development• Current Activity• Occupier Interest Omega North• Occupier Interest Omega South• Local Engagement• Next Steps
  22. 22. 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
  23. 23. Next Steps• Marketing of remaining Omega North plots – 2.9 acres plus3.25 acres• Completing design of new Masterplan in line with DraftCore Strategy• Submission and receipt of new outline planning permissionfor Omega South by year end
  24. 24. 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

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