Regeneration A Developers Perspective

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RegenerationA Developers Perspective

• Jonathan Emery
• Hammerson UK Development Director
• BA Project Director Bullring, Birmingham

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Hammerson

• A British plc Property Company
• Operate in UK and Mainland Europe
• Focus on large City Centre retail led projects
• Long term investors
• Good recent experience

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The Oracle, Reading
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West Quay, Southampton
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Cricklewood
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Spitalfields, London
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France Germany
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Bullring, Birmingham
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Bristol, Broadmead
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Sheffield - New Retail Quarter
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Lessons Learnt
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Urban Regeneration Companies

• Have an important role to play
• Looked on favourably
• Getting better

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Co-ordination of Agenciesremain key objective

• DTLR
• Government Office
• Regional Development Agencies
• English Partnerships
• URCs

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• Value of retail led regeneration is enormous but
  not fully maximised?

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• There are large barriers to successful delivery
  which put projects at risk
• Planning
• CPO
• Highway Closures
• Political Environment

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• Towns and cities must prepare and then respond
• Masterplanning
• City Centre Management
• Programme Management/Co-ordination
• Transport Infrastructure

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What Factors Influence our Investment Decision
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1. The Economics

• Scale of opportunity
• Catchment statistics
• Existing retail provision
• The market

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2. The Basics

• Planning framework
• Structure of deal
• Land holdings

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3. What Makes the Difference

• The political agenda
• The politicians
• The agency representatives
• The stakeholders
• The people

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The Future is Working With

• Other developers
• Architects and project team
• Local Authority
• Stakeholders
• Investors
• Retailers
• The Community

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The Future Is

• People
• Partnership
• Prosperity