ABP Techpack (Plot A - 8 buildings) - English Version (Mar 2015)

Page 1

London’s Next Business District



Royal Albert Dock London’s Next Business District

ABP’s development at Royal Albert Dock will create London’s newest business district – after the City of London and Canary Wharf. The majority of business occupiers will be from Asia who will set up their UK and European headquarters here along with UK and European companies seeking to trade with them. Several companies already based in London will be attracted to establish offices within the development in order to meet their expansion needs.

Executive Summary In the first phase of development there will be 28 Type A buildings – small office buildings with ‘their own front door’ specifically designed to meet the requirements of Chinese occupiers. They are situated along the dock side, between the dock side and the main street in two rows, with a mews area between them. Listed Buildings – the two listed buildings on each side of the Royal Albert DLR/roundabout

entrance will be refurbished for leisure uses. The rear elevation will include new lift and stair core to assist with articulation of the rear elevation and enhance the arrival experience of the ground floor. Compressor House will be an amenity building with retail and leisure uses.

A key feature of the high-quality office buildings will allow buyers to have their own interior building design and customised fittings. ABP has the sole private ownership of the whole estate which, at the same time, is a publicly accessible space. It is a 4.7 million sq ft GEA mixed use development comprising principally offices along with retail, residential, leisure and public realm.

-

Office space – 3,300,000 sq ft Residential – 935,000 sq ft Retail/leisure – 166,000 sq ft Other – 314,000 sq ft (including energy centre, car parking, management offices, retail outlet etc.)

ABP Royal Albert Dock | 01


Royal Albert Dock London’s Next Business District

Executive Summary ABP’s Royal Albert Dock project has four key components:

1. The 21st Century Asian Business Main Street

A 21st century business high street - a vibrant, active urban street, incorporating a variety of uses - business receptions, residential entrances, cafes, local retail, showrooms, and meeting hubs. The high street provides East-West connectivity and creates the commercial spine for an Asian flagship retail store.

2. The 3rd London Financial District Promenade

Another key element is the opening of the dock edge promenade. The aspiration is to create an active waterfrontage with a focus on Asian financial enterprise.

3. The Central Square

The establishment of an active mixed use development and the creation of a large square on the waterfront incorporating a variety of uses and activities.

4. Streets and Squares

The urban character of the development is based on the creation of active streets and squares which establish places and create addresses for the variety of business and commercial uses proposed. Public open space comes before development of the individual building plots and creates a robust urban framework which makes places for people to work, live and enjoy.

ABP Royal Albert Dock | 02



Location

Royal Albert Dock London’s Next Business District

East London is now recognised as the centre for growth, and it is widely accepted and promoted as the area of London where business will locate to and so become the destination for businesses of the 21st century. The UK Government describes the area as the ‘arc of opportunity’ where London will develop in the future with £26 billion of development projects planned over the next ten years. Royal Albert Dock is an iconic location situated between the ExCeL International Exhibition Centre and the University of East London and next to London City Airport. ExCeL and London City Airport have established London’s Royal Docks as a destination and together they provide the wider area with a critical mass of activity and international connectivity. London City Airport has direct flight links to more than 30 international business cities and weekly flights to New York with planned expansion to include the Middle East and Russia. The Royal Albert Dock development site already has the benefit of extensive infrastructure including a modern road network into Central London and to the M11 linking Cambridge, and there are 3 Docklands Light Railway stations on the site with average 5 minute journey times to nearby Canary Wharf with further upgrades planned.

The £15 billion Crossrail transport scheme will be operational by 2018, providing east-west services across London and the South East, at the same time the first phase of ABP’s development at Royal Albert Dock will be completed. With a station at Custom House, Crossrail will transform the strategic accessibility of the Royal Docks. (5 minutes to Canary Wharf, 13 minutes to City of London, 20 minutes to West End, 46 minutes to Heathrow)

The location of the Royal Docks on the River Thames and close to the River Lea allows water access for major vessels and during the Olympic Games in 2012, Royal Albert Dock was used as the berth for cruise liners. A few miles downstream is Europe’s most up-to-date deep sea port ‘London Gateway’.

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The Site

Royal Albert Dock London’s Next Business District

• 35 acres

• 2km waterfront promenade with London skyline

• 88 new buildings

• 1,000+ residential and serviced apartments

• 4.7

million sq ft of mixed development

• 3 Docklands Light Railway stations

• Restoration of 3 historic buildings

• 166,000 sq ft retail and leisure

• 21 Century Business High Street

• Crossrail link 2018

• 8 new London Squares st

• 80 acres of Beckton District Park to the north

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Royal Albert Dock London’s Next Business District

A B D E R CSC LB

Phase1

- Type A building - Type B building - Type D building - Type E building - Type R building - Commercial Service Centre - Listed Buildings ABP Royal Albert Dock | 06


Phase 1: Plot 8 - Block B

Royal Albert Dock London’s Next Business District

Beckton Park

Cyprus

Royal Albert

3A 3B

A2.1

A1.2

5A 5B

A1.2

8A 8B

A1.2

A1.2

A1.1

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Phase 1: Plot 8 - Buildings

Royal Albert Dock London’s Next Business District A1 GIA

A2

A1.1 sq ft

A1.2 sq m

A2.1

sq ft

sq m

sq ft

A3 A2.2

sq m

sq ft

A4

A3.1 sq m

6/F

A3.2

A4.1

A4.2

sq ft

sq m

sq ft

sq m

sq ft

sq m

sq ft

sq m

3,594

334

3,734

347

2,475

230

2,615

243

5/F

2,475

230

2,615

243

3,594

334

3,734

347

4,110

382

4,035

375

2,905

270

2,819

262

4/F

2,905

270

2,819

262

4,110

382

4,035

375

4,110

382

4,035

375

2,905

270

2,819

262

3/F

2,905

270

2,819

262

4,110

382

4,035

375

4,110

382

4,035

375

2,905

270

2,819

262

2/F

2,905

270

2,819

262

4,110

382

4,035

375

4,110

382

4,035

375

2,905

270

2,819

262

1/F

2,905

270

2,819

262

4,110

382

4,035

375

4,110

382

4,035

375

2,905

270

2,819

262

GF

2,905

270

2,819

262

4,110

382

4,035

375

4,110

382

4,035

375

2,905

270

2,819

262

17,001

1,580

16,710

1,553

24,145

2,244

23,909

2,222

28,256

2,626

27,944

2,597

19,906

1,850

19,529

1,815

A3.1 20

A3.2 19

Total

A3.1 28 A2.1 24

A3.2 27 A1.2 A1.2 23 22

A3.2 26 A2.1 21

A3.1 25

A2.1 14

A2.2 13

A4.2 A3.2 18 17 A2.2 12

A2.1 11

A3.2 16

A3.1 15 A2.1 6

A3.1 10

A4.2 A4.2 A4.1 7 8 9

A1.2 A1.2 A1.2 A1.2 A1.1 5 4 3 2 1

ABP Royal Albert Dock | 08



Royal Albert Dock London’s Next Business District

TYPE A - GROUND FLOOR

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Royal Albert Dock London’s Next Business District

TYPE A - TYPICAL FLOOR

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Royal Albert Dock London’s Next Business District

TYPE A - TOP FLOOR

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Royal Albert Dock

2

Unit A1.1 Typical Floor Plan SCALE 1 : 100

London’s Next Business District Beckton Park Station

Energy Centre

Building A1.1

Ground Floor 270 sq m / 2,905 sq ft GIA 11.2 m

16.6 m

15.3 m

12.4 m

3.2 m

Retail (Retail)

A1

Floor to ceiling height 3.2 m

GIA Demise

NIA

sq ft

sq m 230

sq ft

1,861

sq m

Fourth floor

2,905

270

2,260

210

Third floor

2,905

270

2,260

210

Second floor

2,905

270

2,260

210

First floor

2,905

270

2,260

210

Ground floor

2,905

270

1,410

131

17,001

1,580

12,309

1,144

Fifth floor

2,475

Total

173

ments

* Retail Area: NIA 131 sq m, 1,410 sq ft (Retained by landlord)

1

Unit A1.1 Ground Floor Plan

SCALE 1 : 100

ABP Royal Albert Dock | 13


an

7.2 m

Building A1.1

Royal Albert Dock London’s Next Business District

2

Top Floor 230 sq m / 2,475 sq ft GIA

Floor to ceiling height 2.6 m

Floor to ceiling height 2.6 m

Unit A1.1 Typical Floor Plan SCALE 1 : 100

3.2 m

Typical Floor 270 sq m / 2,905 sq ft GIA 2.6 m

2.6 m

n

8.2 m

ABP Royal Albert Dock | 14

3

Unit A1.1 Fifth Floor Plan


Royal Albert Dock

2

Unit A1.2 Typical Floor Plan

1

Unit A1.2 Ground Floor Plan

SCALE 1 : 100

London’s Next Business District

Building A1.2

Ground Floor 262 sq m / 2,819 sq ft GIA 11.2 m

3.2 m

16.6 m

15.3 m

12.4 m

A1

Floor to ceiling height 3.2 m

GIA Demise

NIA

sq ft

sq m 243

sq ft

1,969

sq m

Fourth floor

2,819

262

2,184

203

Third floor

2,819

262

2,184

203

Second floor

2,819

262

2,184

203

First floor

2,819

262

2,184

203

Ground floor

2,819

262

1,334

124

16,710

1,553

12,040

1,119

Fifth floor

2,615

gments

Total

183

SCALE 1 : 100

ABP Royal Albert Dock | 15


7.2 m

8.2 m

Building A1.2

Royal Albert Dock

2

Top Floor 243 sq m / 2,615 sq ft GIA

Floor to ceiling height 2.6 m

Floor to ceiling height 2.6 m

Unit A1.2 Typical Floor Plan SCALE 1 : 100

3.2 m

Typical Floor 262 sq m / 2,819 sq ft GIA 2.6 m

2.6 m

London’s Next Business District

3

Unit A1.2 Fifth Floor Plan SCALE 1 : 100

ABP Royal Albert Dock | 16


Building A2.1

Royal Albert Dock London’s Next Business District Beckton Park Station

Energy Centre

Ground Floor 382 sq m / 4,110 sq ft GIA 11.2 m

3

Unit A2.1 Fifth Floor Plan SCALE 1 : 100

3.2 m

16.6 m

15.3 m

12.4 m

A2

Floor to ceiling height 3.2 m

GIA Demise

Retail

NIA

sq ft

sq m 334

sq ft

2,970

sq m

Fourth floor

4,110

382

3,454

321

Third floor

4,110

382

3,454

321

Second floor

4,110

382

3,454

321

First floor

4,110

382

3,454

321

Ground floor

4,110

382

2,604

242

24,145

2,244

19,390

1,802

Fifth floor

Total

3,594

276

heck: 50mm Segments

* Retail Area: NIA 242 sq m, 2,604 sq ft (Retained by landlord)

1

Unit A2.1 Ground Floor Retail SCALE 1 : 100

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7.2 m

8.2 m

Building A2.1

Royal Albert Dock

2

Top Floor 334 sq m / 3,594 sq ft GIA

Floor to ceiling height 2.6 m

Floor to ceiling height 2.6 m

Unit A2.1 Typical Floor SCALE 1 : 100

3.2 m

Typical Floor 382 sq m / 4,110 sq ft GIA 2.6 m

2.6 m

London’s Next Business District

3

Unit A2.1 Fifth Floor Plan SCALE 1 : 100

ABP Royal Albert Dock | 18


Specification (Cat. A)

Royal Albert Dock London’s Next Business District

BUILDING SUMMARY • Piled foundations, reinforced concrete frame • Stone clad ground floor, brick clad upper floors with punch windows, metal clad set back top floor • Full height glazing at ground floor KEY DIMENSIONS • 2.6m clear floor to ceiling height • 80mm raised floor • 300mm clear services zone • 80mm lighting and ceiling zone • Fully accessible ceiling tiles FLOOR LOADINGS • Ground Floor (Retail) (kN/m2) Imposed load = 4.0 +1.0 (Partitions) Floor finish / ceiling / services = 3.6 • Office (kN/m2 ) Imposed load = 3.0 +1.0 (Partitions) Floor finish / ceiling / services = 0.85 • Roof (kN/m2) Plant areas – Imposed load = 4.0 General access – Imposed load = 1.5 Roof terrace (non-accessible) – Imposed load = 1.5 Floor finishes to roof areas vary ACOUSTICS • Open plan offices – NR38

WC PROVISION • 2 unisex WCs per floor; • 1 is a wheelchair accessible WC

VENTILATION, HEATING & COOLING • Openable windows • 4 pipe fan coil units mounted in the ceiling service zone • Central air handling unit • Offices – Summer 22oc +/- 2oc • Offices – Winter 20oc +/- 2oc • Heat exchangers connected to the Central Facility for heating and cooling

BLINDS • Blinds provided to all windows THE CENTRAL FACILITY District Energy Network • A combined heat and power system will serve the development. This will be located in the Central Facility • District Energy Network will distribute heating and cooling to each building • This achieves better overall efficiencies than a standalone system

ELECTRICAL SERVICES • Distribution boards located on each floor with the facility for sub metering. • Total capacity for 15W/m2 small power • Average open plan office maintained light level of 300-350lux (LG7 compliant). ACCESS CONTROL • Reception controlled intercom access for front and rear building access OCCUPANCY • Internal climate designed for 1 person / 10m2 • Means of escape designed for 1 person / 6m2 BREEAM • Target “Excellent”

CYCLIST FACILITIES • Central secure storage • Central showers, changing and locker facilities

P

CAR PARKING • 1 permanent parking space allocated per building • 2 rentable spaces available per building • 1 space per 600m2

LIFTS • 1 passenger lift (13 persons)

ABP Royal Albert Dock | 19



Rental Outlook

Royal Albert Dock London’s Next Business District

London Prime Office Rent - Overview

End 2014

End 2018

City

West End

-

Rental growth will be driven by supply shortages, particularly in the West End;

-

This will cause an eastward and northward drift, with Kings Cross/ Euston and Docklands benefitting from the rental differential;

Midtown

Docklands

-

South Bank

Kings Cross 20

40

60

80 100 ÂŁ / sq ft

120

140

The delivery of Crossrail across London will have a cumulative and transformative effect on value over time; Rental spread between the high and low rented locations will widen, and this offers the potential for more tenant drift and potentially stronger growth in fringe locations that we are forecasting.

160

Source: Savills UK, Jan 2015

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Growth Outlook

Royal Albert Dock London’s Next Business District

Rental prospects are stronger in East London East London

West End 4.8% pa £80.0 psf

5.0% pa

3.7% pa

£40.0 psf

£132.0 psf The City

2014

2015

2014-2018 avg.

Prime City rental growth

3.4%

5.3%

3.7% pa

Prime West End core rental growth

5.2%

6.4%

4.8% pa

Prime future core rental growth in East London

6.0%

5.8%

5.0% pa

Source: Savills UK, Jan 2015

ABP Royal Albert Dock | 22


Royal Albert Dock London’s Next Business District

Business Benefit

Royal Albert Dock sits within the Royal Docks Enterprize Zone and as such businesses locating here can enjoy a range of benefits from the UK Government designed to make it easier for companies to come here. These benefits incude:

• • •

Business tax relief; High speed broadband as standard; Capital allowances;

There are also several more business advantages because of the location:

• Cost effective – the total price per square •

foot around half of Canary Wharf and City of London; Regeneration uplift – Royal Albert Dock is a regeneration site. Previous regeneration projects across London have seen typical investment value increases up to 8% above the local market*; Crossrail uplift – an anticipated 10% investment value increase on properties within Crossrail radius over already rising baseline projections**.

* Source: Savills. ** Source: Crossrail Impact Study.

ABP Royal Albert Dock | 23



Connectivity

Royal Albert Dock London’s Next Business District

- Three DLR stations

- Extensive road network - London City Airport

48 business cities across Europe

- Crossrail

Canary Wharf

CROSSRAIL

5 minutes

City of London

13 minutes

Heathrow Airport

46 minutes

West End

20 minutes

ABP Royal Albert Dock | 25


Royal Albert Dock London’s Next Business District

Delivery Team Stanhope are developers with 30 years’ experience and more than £15 billion of completed projects. Its successful track-record includes landmark projects such as Broadgate, Paternoster Square and Chiswick Park. Its new projects include Television Centre, White City. They are a focused team of development entrepreneurs from professional property and construction backgrounds including surveyors, engineers and building experts, together with a finance team and support staff. Farrells are considered to be the UK’s leading architect planners with offices in London, Hong Kong and Shanghai. The company, led by Sir Terry Farrell, has an international reputation achieved through its work on several schemes including Edinburgh International Conference Centre, as well as landmark projects in London at Broadgate, Paternoster Square and Paddington. Current projects include the new transport ‘super-hub’ at Old Oak Common, Earls Court, the Embassy Quarter in Nine Elms, Convoys Wharf, Lots Road Power Station and Royal Albert Dock. In Asia, notable projects include Incheon Airport in Seoul, Beijing and Guangzhou High Speed Stations in China, a 440m tower in Shenzhen which is the tallest building ever by a British architect. WT Partnership is an international construction cost and project management consultancy which, from its initial base in quantity surveying, has evolved into a multi-disciplinary practice offering a wide range of services and delivering successful cost, time, quality and environmental outcomes for its clients. With main activity in the UK, mainland Europe, South East Asia, and Australasia, the company draws on the expertise of more than 1,200 staff operating from over 45 offices worldwide. Pinsent Masons is a fast growing international law firm employing over 2,600 people worldwide including over 1,500 lawyers. They offer market-leading UK coverage with a significant presence across the UK’s three legal jurisdictions. Their international profile covers the major international business and financial centres of Doha, Dubai, Beijing, Paris, Munich, Shanghai, Hong Kong, Istanbul and Singapore. A team in excess of 400 lawyers has the ability to handle projects of any size, across the whole country. Savills is a global real estate services provider with an international network of more than 600 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. It offers a broad range of specialist advisory, management and transactional services to clients all over the world. A combination of sector knowledge and entrepreneurial flair gives clients access to real estate expertise of the highest calibre. Savills is regarded as an innovative organisation backed up with excellent negotiating skills.

ABP Royal Albert Dock | 26


Royal Albert Dock London’s Next Business District

Delivery Team CBRE employs over 37,000 people in over 300 offices across 60 plus countries. Its network of local expertise, combined with its international perspective, ensures that it is able to offer a high standard of service to clients. A service that transcends language, culture and legal systems to enable the seamless implementation of real estate plans. The services provided include agency and brokerage, asset management, capital markets, corporate services, project management, residential, valuation and planning and development. PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. AKTII are a progressive design-led practice of Structural and Civil Engineers. The practice operates from London, whilst trading throughout the World. They have current and complete projects in over 25 countries. They have a reputation for innovative and high quality design. Since formation in 1995, their projects have won over 250 design awards. AKTII’s experience is extensive, covering the commercial, residential, retail, leisure, educational, health and transportation sectors of the market. Projects range from large new build developments to complex refurbishments of listed buildings, with contract values ranging from £100,000 to over £750 million. URS is a leading global provider of engineering, construction and technical services. Clients rely on its combined strengths in engineering design and environmental consultancy. With offices in nearly 50 countries and more than 50,000 employees, the company is a fully integrated services provider. It has the scale, global reach, local knowledge and deep sector expertise to meet the most complex and challenging assignments. In the UK, its design and infrastructure heritage, as well as its strong environmental and sustainability consultancy credentials, are a huge strength and differentiator. Hilson Moran is a leading independent multidisciplinary engineering consultancy for the built environment, providing a broad range of services and assisting its clients in every aspects of engineering and infrastructure for buildings. With in-house specialists in all principal engineering disciplines, the practice has the depth and diversity of expertise needed to take on any engineering project with confidence. Vectos is a dynamic transport planning consultancy with an extensive depth and range of experience. The practice has over 50 professional staff and is advising on the transport planning aspects of the some of the largest and most prestigious projects in the UK.

ABP Royal Albert Dock | 27


Royal Albert Dock London’s Next Business District

Summary

Summer 2015 Start on site. 4th quarter 2015

Central square open for public use and the first commercial activity established.

1st quarter 2017 The first building in Phase 1 completed. 2018 Completion of Phase 1, and start of Crossrail services.

ABP Royal Albert Dock | 28


Savills Beijing

Savills London

Grant Ji Senior Director

Nicole Feng Senior Associate

David Williams Executive Director

Piers Nickalls Director

+86 (0)10 5925 2088 +86 134 8886 9787 grant.ji@savills.com.cn

+86 (0)10 5925 2017 +86 186 1045 5325 nicole.feng@savills.com.cn

+44 (0) 20 7409 8709 +44 (0) 78 7940 2559 dwilliams@savills.com

+44 (0) 20 7409 8704 +44 (0) 79 7200 0138 pnickalls@savills.com

David Zhang Senior Manager

Oliver Fursdon Director

Eric Zhao Associate Director

+86 (0)10 5925 2016 +86 139 1092 7907 david.zhang@savills.com.cn

+44 (0) 20 7409 5900 +44 (0) 78 7099 9183 ofursdon@savills.com

+44 (0) 20 7299 3007 +44 (0) 77 3009 1400 ezhao@savills.com

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Art direction, design and production by ABP (London) Investment Ltd., Feb 2015.

T: +44 (0)20 3818 8540 E: sales@abp-london.co.uk www.abp-london.co.uk

ABP (London) Investment Ltd 4th Floor, East Wing Building 1000 Dockside Road London E16 2QU



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