Areas of Operation
A summary of the Group's completed developments is set out below. Unless otherwise stated, all of the residential apartments in each development have been sold:
Completed Developments:
- Quayside Lofts, Newcastle
- This elevated site is located in the centre of Newcastle, close to the East Quayside of the river. Planning permission was granted for 66 residential apartments in three blocks, 49 underground car parking spaces and ancillary commercial space. The project is owned by the Group in a joint venture with Ironside Developments Limited, has a sales value of £15.3 million and construction commenced in May 2004. Building completion took place in August 2006 after a 12 week delay due to archaeology investigation works.
- Roberts Wharf, Leeds
- We obtained planning permission for the redevelopment of a listed Victorian mill on the banks of the River Aire to provide 198 apartments and 112 car parking spaces together with 13,500 sq ft office space. This development has an estimated sales value of £36.7 million. Sectional building completion commenced in the autumn of 2006.
- Princes Dock, Liverpool
- An amended planning consent was granted in March 2004 for two linked 20 and 10 storey residential towers providing 162 apartments, 99 car parking spaces and some ancillary commercial space. This exciting site is part of the Princes Dock redevelopment being undertaken by the Mersey Docks and Harbour Company adjacent to the Liver Building on the River Mersey. Final building completion took place in the third quarter of 2006. The GDV of the scheme was £37.7 million.
- Salford Quays, Manchester
- Adjacent to the Lowry Centre on the Huron Basin in the Salford Quays, this site benefited from an existing planning consent for 160 apartments with parking. The design was amended and received a planning consent for 203 apartments within a similar net area, together with 134 parking spaces. Work commenced on this £46.1 million project in the spring of 2005. Building completion is taking place between December 2006 and July 2007.
- Admiral House, Cardiff
- Contracts were completed in September 2004, to acquire a vacant 1960's 13 storey office block close to the centre of Cardiff with a planning consent for 110 apartments. A revised planning application was approved to increase the development to 167 apartments, including the provision of 27 key worker apartments. Preliminary building works commenced in November 2004 with building completions took place in October 2006. The GDV of the scheme is £31.9 million.
- Springfield Mill, Nottingham
- Conditional contracts were exchanged in August 2004 to acquire a Victorian mill building in Sandiacre, Nottingham, with an existing planning consent for 80 apartments. A revised planning application was approved to convert the building into 105 apartments. Contractors started on site in early 2005 and sectional building completions occurred from March 2006. The GDV of the scheme is £17.6 million.
- Harrogate House, Harrogate - construction completed in October 2004
- Harrogate House, Harrogate, completed in October 2004, is a conversion of a 1960s office block in the town's centre and accommodates 20 apartments and 8,000 sq ft of office space and six retail units. This development, wholly owned by City LOFT Development, provided total sales of £9.6 million.
- Vantage Quay, Piccadilly Marina, Manchester - construction completed in September 2004
- Completed in September 2004 generated sales of £23.2 million. New build waterside development creating 117 apartments.
- 38 High Street , Manchester - construction completed in July 2004
- 38 High Street, Manchester, completed in March 2004, provided a seven storey new building adjacent to the Arndale Centre in the city's centre, accommodating 49 apartments and 4,800 sq ft of office space. This project, wholly owned by City LOFT Development, generated total sales of £9.6 million.
- St. Ann's Quay, Newcastle - construction completed November 2003
- Completed November 2003 generated sales of £28.5 million. A new build waterfront development of 91 apartments, 30,000 sq ft of office space pre-let to the government and 11,000 sq ft restaurant, bar and retail space.
- Argus Lofts, Brighton - construction completed October 2003
- Argus Lofts, Brighton, was completed in October 2003. This joint venture with Lehman Brothers involved the conversion of the Evening Argus newspaper offices and the addition of new build, producing 61 apartments, 20 affordable residential units and ancillary retail, leisure and office space. The scheme generated a total sales value of £21.3 million.
- Town Centre House, Harrogate - construction completed in September 2003
- Town Centre House, Harrogate, completed in September of 2003, is a wholly owned commercial scheme encompassing City LOFT Development's head office and two restaurant units, which provided a total sales value of £2.4 million.
- Timber Yard, Hoxton, London - construction completed June 2003
- Timber Yard, Hoxton, London, completed in June 2003, this joint venture development with Lehman Brothers created 12 apartments and 27 live/work units which were all sold off plan, generating a sales value of £16.8 million. The building won The London Evening Standard Award for 'Best New Development' in 2003 and in March 2004 won the prestigious Civic Trust Award.
- Queens Wharf, Reading - construction completed March 2002
- Completed August 2002 generated sales £19.7 million. Conversion of redundant 60's offices to create 78 apartments and 8,000 sq ft of office space.
- 25 Church Street , Manchester - construction completed September 2000
- Completed October 2000 generated sales £13.2 million. Conversion of former BT Exchange to create 78 apartments and 16,000 sq ft of leisure space.
- Grosvenor Buildings, Harrogate - construction completed September 2000
- Completed in June 2000 generated sales of £7.4 million. Conversion of a Grade II listed building to create 33 apartments and 16,000 sq ft of leisure space.
- Clare Court, Halifax - construction completed July 2000
- Completed in May 1999 generated sales of £2.4 million. Conversion of former magistrates court and a new build to create 29 apartments.
- Centaur House, Leeds - construction completed October 1998
- Completed in March 1999 generated sales of £5.5 million. Conversion of a Grade II listed textile mill to create 42 apartments and 12,000 sq ft of leisure space which was pre-let as a health club.
Current Developments:
- Half Tide Dock, Liverpool
- Contracts were exchanged to acquire a further site from Mersey Docks and Harbour Company, adjacent to our existing site at Princes Dock. This scheme comprises 121 new-build apartments with an anticipated GDV of £24.5 million. The scheme received detailed planning approval in December 2005. Construction commenced in the first quarter of 2007.
- Milliners Wharf, Manchester
- Contracts have been exchanged to acquire a site in Ancoats, Manchester for a new build scheme of 420 apartments and 25,500 sq ft of commercial space. With an anticipated GDV of £83.8 million, the scheme has a detailed planning content subject to a S106 agreement. The Group has a 50% interest in this development. Construction started in the record quarter of 2007.
- St Paul's, Sheffield
- Planning consent was received in October 2005 for the development of a Conran-designed new build scheme involving 316 apartments in two linked 31 and 9 storey towers with 22,000 sq ft of retail and restaurant space. Construction commenced in the first quarter of 2007. The forecast GDV value of the scheme is anticipated at around £63.7 million.
- 81 Avenue Victor Hugo
- In the 16me arrondissement of Paris, 81 Avenue Victor Hugo will be sensitively converted from it's historical configuration into 34 contemporary apartments. It was acquired in a joint venture, controlled 90% by JER Partners. The group's effective interest in this development is 2%. The development has an anticipated GDV of €74 million.
Future Developments
- Park Point, Sutton Coldfield
- Contracts were completed in August 2005 to acquire a site in the centre of Sutton Coldfield. The site received a planning consent in March 2005 for a mixed-use 9 storey scheme involving 295 apartments, 63,500 sq ft of retail/leisure space and car parking. The forecast GDV of the scheme is around £86.3 million. Construction commenced in the first quarter of 2007.