Mike Horner
Regional Director
Muse Developments
17 June 2014
> An introduction to Muse
> City Place and Chester CBD
> A developer’s perspective
> Established 1984
> UK development company
> Proven track record
> Experts in partnership delivery
> Four regional offices
3,600,000 sq ft 2,000,000 sq ft 1,500,000 sq ft 1,500,000 sq ft 3,000,000 sq ft 1,725 units
Commercial
Offices
Public Sect...
Quayside, Newcastle upon Tyne a new commercial quarter with offices, a hotel, leisure and car parks
Durham Walkergate a new city centre venue with a hotel, restaurants,leisure, car park and residential
Barbirolli Square, Manchester canal-side office and leisure development 85% pre-let and forward funded
Phase 1- new 1,000 space MSCP; Phase 2 – office/ retail
Phase 1 commercial - offices, hotel and MSCP
Retail/ leisure, new market and Council offices
60,000 sq ft office development for KPMG
A new mixed-use quarter fully funded by Aviva Investors
Phase 1 - civic offices for Blackpool Council, Sainsbury’s supermarket and MSCP
77 new apartments and 6,000 sq ft ground floor commercial space
Office, retail/ leisure scheme plus new Council offices and MSCP
Residential and leisure scheme plus new Council offices and MSCP
Council offices, commercial space and up to 275 new homes
Phase 2 - 184 apartments in two buildings with ground floor retail
Phase 1 - 193 apartments in two buildings with 5,500 sq ft retail
> One of the UK’s foremost developers
> Delivering in partnership
> Track record in regeneration
> Experts in mixed-use sc...
> Up to 10 buildings
> Up to 500,000 square feet of space
> c.200 canal side residential units
> c.£120m development value...
> New station car park
> New gateway and pedestrian access
> Relocated police station
> New public realm
> Six storey, Grade A office building
> 70,000 square feet
> Minimum BREEAM Excellent
> Potential ground floor active use
...
c.70,000 sq ft
> Complete new station car park May 2014
> Commence phase 1 building June 2014
> Commence public realm works August 2014
>...
> Transport hubs
> Regeneration/ Planning Policy
> Lifestyle choice
> Knowledge workers
> Investor demand
> The urban tend...
> Grade A supply very low
> Rents starting to climb again – slowly!
> Investment activity in Manchester, not in Liverpool
...
> Investors increasingly focused on city centres
> City sub regions
> Lease length issues/ flexible work space
> Entrepren...
> Pull of city centres will get stronger
> Live, work and play – residential, commercial and leisure
> Challenges across t...
Mike Horner
Regional Director
Muse Developments
17 June 2014
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
PlaceEXPO Future Cities: Mike Horner, Muse Developments
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PlaceEXPO Future Cities: Mike Horner, Muse Developments

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PlaceEXPO Future Cities: Mike Horner, Muse Developments

  1. 1. Mike Horner Regional Director Muse Developments 17 June 2014
  2. 2. > An introduction to Muse > City Place and Chester CBD > A developer’s perspective
  3. 3. > Established 1984 > UK development company > Proven track record > Experts in partnership delivery > Four regional offices
  4. 4. 3,600,000 sq ft 2,000,000 sq ft 1,500,000 sq ft 1,500,000 sq ft 3,000,000 sq ft 1,725 units Commercial Offices Public Sector Offices Leisure Retail Distribution Residential
  5. 5. Quayside, Newcastle upon Tyne a new commercial quarter with offices, a hotel, leisure and car parks
  6. 6. Durham Walkergate a new city centre venue with a hotel, restaurants,leisure, car park and residential
  7. 7. Barbirolli Square, Manchester canal-side office and leisure development 85% pre-let and forward funded
  8. 8. Phase 1- new 1,000 space MSCP; Phase 2 – office/ retail
  9. 9. Phase 1 commercial - offices, hotel and MSCP
  10. 10. Retail/ leisure, new market and Council offices
  11. 11. 60,000 sq ft office development for KPMG
  12. 12. A new mixed-use quarter fully funded by Aviva Investors
  13. 13. Phase 1 - civic offices for Blackpool Council, Sainsbury’s supermarket and MSCP
  14. 14. 77 new apartments and 6,000 sq ft ground floor commercial space
  15. 15. Office, retail/ leisure scheme plus new Council offices and MSCP
  16. 16. Residential and leisure scheme plus new Council offices and MSCP
  17. 17. Council offices, commercial space and up to 275 new homes
  18. 18. Phase 2 - 184 apartments in two buildings with ground floor retail
  19. 19. Phase 1 - 193 apartments in two buildings with 5,500 sq ft retail
  20. 20. > One of the UK’s foremost developers > Delivering in partnership > Track record in regeneration > Experts in mixed-use schemes > Strong city centre portfolio
  21. 21. > Up to 10 buildings > Up to 500,000 square feet of space > c.200 canal side residential units > c.£120m development value > Enhanced gateway > CW&C delivered public realm and relocated car park
  22. 22. > New station car park > New gateway and pedestrian access > Relocated police station > New public realm
  23. 23. > Six storey, Grade A office building > 70,000 square feet > Minimum BREEAM Excellent > Potential ground floor active use > £16.5m value > £19.50 - £21.00 psf rent (inc. parking) > Evergreen and ERDF funding
  24. 24. c.70,000 sq ft
  25. 25. > Complete new station car park May 2014 > Commence phase 1 building June 2014 > Commence public realm works August 2014 > Complete phase 1 building and public realm September 2015 > Commence residential development August 2015
  26. 26. > Transport hubs > Regeneration/ Planning Policy > Lifestyle choice > Knowledge workers > Investor demand > The urban tendency is here to stay
  27. 27. > Grade A supply very low > Rents starting to climb again – slowly! > Investment activity in Manchester, not in Liverpool > Large corporates; large floorplates > 2013 – 865k sq ft take up in Manchester > Ownership challenges > Viability challenges
  28. 28. > Investors increasingly focused on city centres > City sub regions > Lease length issues/ flexible work space > Entrepreneurial landlords > PRS – a new sector > Mixed-use schemes > Airport City
  29. 29. > Pull of city centres will get stronger > Live, work and play – residential, commercial and leisure > Challenges across the board > Need expertise, strong back-up, patience, persistence and a long term vision
  30. 30. Mike Horner Regional Director Muse Developments 17 June 2014

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