Science City Property Strategy

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• Science City Property Strategy
• Neil Horsley
• Nottingham Development Enterprise

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Content

• Outline of Nottingham Property strategy
• Science City Property Workshop Feb 2006
• Emerging Property trends and ideas
• Next steps

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Priority themes
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Key Issues and Opportunities

• Rapidly developing Science and high tech sector
  struggling to find accommodation
• Need to create a ladder of accommodation
• Safeguard key strategic sites
• Projects need to have a differentiated offer
• Financing private sector development
• Marketing and profile using Science City brand

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Delivery Trends and Issues

• Sector Property hubs or quarters within Science
  Cities
• Planning for future expansion
• Mixed use integration of academia and business
  in city centre or inner city locations
• Technology neighbourhoods
• Private sector investment

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Gateway Connections Business Centre

• Triumph Road, University of Nottingham Campus
• 29 million investment
• 12 acre inner city site. First phase available
  2007/8
• Emphasis on Advanced Engineering and Physical
  Sciences
• Range of incubation and grow on business units
  including lab space
• Mixed use approach integration of academia and
  business

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Boots Site

• 279 acres
• Reduced HQ staff by 1,000
• Healthcare sold to Reckitt Benckiser
• Appx 100 acres available for development
• Close to Uni of Nottingham
• Master plan being produced
• Science City hub and technology neighbourhood
  concept

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Nottingham Science and Technology Park II

• Blueprint (EMDA Priv Sect Morley Igloo)
• 8.20 acres
• 220,000 sq ft 10 yr period, first phase
  40,000 sq ft
• Start on site Spring 2007
• Heavy focus on sustainability
• Longer term return, design investment, untapped
  sectors of the market

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Delivery - Funding

• Fiscal Incentives to lever Private sector
  investment
• Joint public-private sector delivery vehicles
• Technology Property Gap Funding for Developers
  undertaking Science Property schemes
• Development Tax incentives, Science Property
  Allowances scheme

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Marketing Times Headline
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Science Citys contribution

• SC can add value
• Property Market Intelligence to safeguard key
  sites and support funding investments
• Brokerage, intermediary role to create a ladder
  of accommodation
• Influence development of key Property projects
• SC Property Investment Plan - resourcing
• SC branding and marketing

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Next steps
Strategy still at a very early stage 1)
Refinement of demand model 2) Fiscal incentives
dialogue needed with Govt 3) Science Cities can
be a test bed to pilot new approaches
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Contact
Neil Horsley NDE nh_at_nde.org.uk [phone]