4. HOW DO WE MAKE SPECULATIVE
DEVELOPMENT STACK UP?
Estuary Banks
5. WHAT DO WE LOOK
FOR?
Crown Business Park
Great design, buildings have to look fab A scheme that will create high quality jobs
Eco friendly, sustainable, low energy Locations close to high unemployment
14. CROWN BUSINESS PARK, ROCHDALE
Bought from distressed bank Fortis. c£4m
ERDF of £3.3m
Contractor 50/50 JV with RBS
Ongoing multi phased with 200,000 let or sold
400 jobs
15. ESTUARY BANKS, SPEKE
Bought from NWDA and HCA with ability to defer premium to PC
ERDF Funding £2.4m
Completed, 80,000 sq ft let and sold fitted out to 160,000
Contractor 50/50 JV
200 jobs
16. SPEKE BUSINESS PARK
Private land owner – loaned back funds against sales
ERDF of £1.4m
Under construction
100 jobs
17. DIGITAL VILLAGE
Planning stage
Local Authority land sale
Deferred payment based on profit
150 jobs
18. THE LIGHTBOX
Planning stage
Regeneration Agency acquisition
Deferred land payment post PC
100 jobs
19. LITTLEWOODS
Planning approved. Up to 250,000 sq ft Our own BPRA fund
Acquisition from Liverpool City Council and HCA Local authority loan
Phase 1 Bunker Building and infrastructure to 500 jobs
commence this year
ERDF of £1.1m to phase 1
20. TITHEBARN PROJECT
Planning Approved Our own BPRA fund of £3.2m
Refurbishment with BPRA Private equity loan of £2m
Private acquisition 300 jobs
ERDF of £2.4m