M60 Towns: John Searle, Rochdale Development Agency
•Download as PPTX, PDF•
1 like•474 views
The chief executive of Rochdale Development Agency presents on the retail-led development of Rochdale town centre and the opportunities in the borough
Recommended
Recommended
More Related Content
What's hot
What's hot (20)
Viewers also liked
Viewers also liked (13)
Similar to M60 Towns: John Searle, Rochdale Development Agency
Similar to M60 Towns: John Searle, Rochdale Development Agency (20)
More from Place North West
More from Place North West (20)
Recently uploaded
Recently uploaded (20)
M60 Towns: John Searle, Rochdale Development Agency
- 1. John Searle Chief Executive Rochdale Development Agency
- 3. Rochdale Development Agency • Established in 1993, by Rochdale Borough Council as a not- for-profit organisation • Takes the lead role in – Driving regeneration and development – Project manages major schemes on behalf of the Council – Offers business support and advice to both existing businesses and inward investors – Have a dedicated business advisor, co-funded with the Business Growth Hub
- 4. Its Not Easy! Local Authority “Toolkit” has changed to: – Income - Business Rates, New Homes Bonus, – Land/assets, – Covenant strength, – Commercial understanding/business approach Rochdale = RDA single point of contact
- 6. Kingsway Business Park • Over £200m already invested • Over 2m ft 2 already built • Over 2000 jobs created • 5x speculative builds on site with units ranging from 35,000 ft 2 to 216,000 ft 2 • 130 acres available for development, creating a further 5,000 jobs
- 7. Kingsway 216
- 11. South Heywood • M62 J19 direct Link Road – GM priority funding • Will connect existing employment sites such as Heywood Distribution Park/Hareshill • Harbert just completed 2 spec builds of 145k & 67k sqft at HDP • Graftongate construction of 95k sqft at Hareshill
- 12. Successes over the last 12 months
- 16. Rochdale Town Centre £250m investment programme - £170m since 2010, mainly public sector, but……………
- 17. ………..now for the Private sector investment: Rochdale Town Centre
- 21. Rochdale Town Centre Business Rates Sale! • We’re offering businesses moving into selected empty units 80% off their business rates for 12 months from 1 April 2015 and 50% off the following year
- 23. Housing & Employment Land Opportunities? Housing – Completion rate of 400 units last year – 30% increase in planning applications in last 12months – Sites identified to deliver over 9,000 dwellings over 15 years Employment Land – Current supply of 130 hectares – Core Strategy identifies 210 hectares by 2028
- 24. Are We On The Right Track? • RDA/Rochdale Council approach to development • Investor and occupier confidence riding high • Land Availability • Transport Connections • Skills investment
- 26. Thank you
Editor's Notes
- Now a LACC Has ability to work outside of the Borough
- DEVELOPMENT IS NOT EASY, if it was it would have been done by now. Income – affects business case and viability
- So what does Rochdale have to offer? - No site more than 3 miles from a motorway Opportunities at KW/HDP/Stakehill 12 miles from Manchester City Centre 31 miles from Leeds City Centre Only 40 minutes from Manchester Airport Served by excellent rail and tram links to Manchester and beyond Metrolink has dedicated stops in Rochdale town centre and on Kingsway Business Park
- Business rate income in excess of £3.5m Plot H – 216,000 sq ft - £18m investment by Standard Life - On site now with completion due later this year Warehousing and distribution unit Due to rising construction costs the RDA negotiated a shared risk/reward deal with the Council and Wilson Bowden Business rate income on this unit alone is over £200k pa 4 smaller units being funded by Ropemaker – already talking to one end user Evidence that the market is buoyant
- Plot H aerials from last month 216k sqft by Standard Life Can see proximity to the motorway
- Plot K units, 35k to 70k sqft by Ropemaker
- Not just Logistics!! Affordable quality homes – 4 Beds - £220k Manufacturing – CR Lawrence (kitchen & glass), Source Bioscience (manufacture & cryogenic storage)
- Takeuchi, Green King Hornet family pub/restaurant Metrolink – 8,000 journeys from the stop per month WCCTV – bullet hole wireless CCTV cameras Opportunities in Hotel/leisure, B1/2/8 space – 6 acres
- SH Preliminary masterplan covering 140 acres of land Aim to deliver 1.5m ft 2 employment space and 400 new homes Potential to generate 1,000 – 3,000 jobs HDP Total commercial floorspace now over 2m ft 2 Boost the local economy
- PIN – £million investment in two large existing sites in the Borough Rileys G-suite, a Chinese led business, bought Warwick Mill and London House in Middleton, to create a £50m Chinese business hub Stakehill – older estate in Middleton recently had over £1m investment by land owners. Led to 1m ft 2 being let or re-let, Recent sale of 170,000 ft 2 unit to Howard Tenens, a major warehousing and distribution company
- So, is there investor confidence in Rochdale, and why? Relatively low land costs Land available But, viability is challenging, however……….
- 8 spec employment units, 4 investors, Total >3/4m sqft ÂŁ40m+ investment,
- ÂŁ11.5m TI Metrolink into heart of the TC (and connects to Rail station and Kingsway), via Oldham into Manchester
- Public sector investment has created a catalyst and the environment for private sector growth……. NOR – award winning building Reopening the river Town Hall – Grade 1 listed Victorian Gothic Town Hall. HLF bid submitted, awaiting decision.
- T
- Working title was TCE Mixed use 200,000 ft 2 retail & leisure scheme with Genr8 as development partner Detailed planning application late this year Start on site early next year Family friendly cafes/restaurants Transform Rochdale town centre
- Unique approach attracting national press coverage A genuine invest to save approach Introduced Jan 15 Identified 24 vacant properties To boost business and create a more vibrant town centre 80% discount in first year and 50% in second year Attracted Shoemaster and Cock-a-doodle Moo, along with others 16 properties now let Now being extended into Heywood and Middleton and for a 3rd year
- Its not just about development, what about skills? Moving away from a low skill town………. Brand new £26m Sixth Form College, with 99% pass rate. First 6th form college to be number 1 for A level progress for 3 years running in the UK HHC - £30m investment. Our NEET figures have fallen year on year to only 5%
- 1,324 housing units last year