Core LONDON, FULLY CONSENTED, OFFICE LED, FORWARD FUNDING OPPORTUNITY
THE LIBERTY OF SOUTHWARK
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The Liberty of Southwark is an investment opportunity to fund U+I and TfL in the delivery of a 204,782 sq ft, ESG focused, mixeduse scheme that offers a brilliantly-located, value-driven product in one of London's most exciting and creative places.
THE LIBERTY OF SOUTHWARK
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AS WE EMERGE FROM LOCKDOWN THOSE SEEKING HIGH QUALITY FLEXIBLE OFFICE SPACE ARE LOOKING FOR SOMETHING DIFFERENT. FOR A THOUSAND YEARS PEOPLE HAVE MIGRATED SOUTH FROM THE CITY TO THE FREEDOM AND SPIRIT INHERENT IN SOUTHWARK. 2024 will be no DIFFERENT. THE LIBERTY OF SOUTHWARK
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The Liberty: EXECUTIVE SUMMARY
B RI L L I AN TLY LO CAT E D
1.7 AC R E S I T E
VI B R ANT MI X O F USES
OFFICE LED S CHEME
HIGH QUA LIT Y RESIDENTIA L
Situated at the heart of one of London’s most vibrant sub-markets, immediately to the south west of London Bridge Station and Borough Market.
A substantial site in the heart of Southwark with an 80m frontage to Southwark Street, 1 minute from London Bridge Station.
A scheme of three parts, the Liberty is an office-led development that will also deliver new residential, retail and workspace accommodation, as well as public realm improvements and a new local market with 9 stalls.
Led by a 159,874 sq ft landmark office building delivered to the highest environmental and occupational standards to meet post-pandemic occupier demands.
36 mixed tenure residential units, with de-risked package for affordable.
PR I ME D F O R D E V E LOP M E N T
29 9 Y EAR S P EP P ERC O R N
ES G
PUBLIC REA LM
THE RIGHT PA RTNER
The scheme received resolution to grant on 15 June 2020 and planning agreements are signed. The site is cleared and ready for development to commence.
Offered by way of a new 299 year peppercorn lease from TfL.
The building will be net zero carbon emissions in operation with low embodied carbon targets.
The development will include a wealth of high quality walkway and courtyard spaces as well as the newly landscaped Crossbones community garden.
Opportunity to partner with experienced regeneration and development specialist, U+I.
THE LIBERTY OF SOUTHWARK
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A COMMITMENT TO THE HIGHEST ESG STANDARDS TfL and U+I have set themselves the highest Environmental, Social and Governance (ESG) standards. Delivered in accordance with a Sustainable Development Framework, The Liberty will be a fully GLA compliant, ESG focused regeneration scheme, offering the end user the specification, flexibility and amenity demanded in a post-pandemic world.
THE LIBERTY OF SOUTHWARK
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The Liberty: ESG Standards The Liberty will deliver innovative, modern, futureproofed buildings to create office and retail accommodation appropriate for the modern workplace alongside well appointed, highly specified and socially inclusive residential accommodation. 20 Southwark Street will deliver Net Zero Carbon emissions in operation and low embodied carbon in construction. In addition, the scheme will deliver the new Crossbones Gardens and approximately 50% affordable housing as well as extensive affordable and flexible workspace providing opportunities for a diverse range of small to medium enterprises.
ENVIRONMENT, S O CIAL IMPACT AND INCLUSIVIT Y
NET ZERO A N D C I RC U L A R ECONOMY
RES I L I EN C E A N D PA N DEM I C P RO OF DES I G N
H EA LTH , W EL L B EI N G A N D A M EN I T Y
•
•
Embodied Carbon Targets of:
•
Secure by Design
•
WELL v2 ‘Ready’
• Commercial 650 kgCO2/m2
•
Underfloor Air Displacement
•
• Residential 550 kgCO2/m2
•
•
Very low refrigerant GWP target
Exemplar Fresh Air Rates enhanced by 20% beyond BCO
Rooftop and Terrace Amenity to all levels
•
Enhanced biophilic strategy
•
Adaptive Comfort Enabled
•
Future Adaptation with Openable Windows
•
Cycle Storage and Changing Facilities
•
A variety of roof terraces, both publicly and privately accessible across the development
•
50% affordable housing
•
Modularisation and Offsite Manufacture
•
Affordable flexible workspace
•
Materials Passports
•
Variety of retail space (sizing varied to support a variety of businesses)
•
Over 1,600 new jobs
•
£158m additional economic output per year
•
512 new cycle spaces site wide
ENERGY
BIODIVE RS E
C ERTI F I CATI ON
S M A RT
•
•
Urban Greening
•
•
•
Biodiversity Net Gain
BREEAM ‘Excellent’ with aspirations for ‘Outstanding’
•
Native Habitat introduction, including a number of roof gardens across 20 Southwark Street and St Margaret’s Lane North, with circa 300 sq m of wildflower meadow habitats, bird and bat boxes and insect hotels
•
EPC Rating Minimum of ‘B’, Targeting ‘A’
Data Disclosure of Building Performance for Energy and Water consumption
•
Smart vehicle and Bike Charging
•
Wiredscore Target of ‘Platinum’
•
IP Backbone
•
Cloud based system
•
5G Ready via a Distributed Antenna System
•
THE LIBERTY OF SOUTHWARK
Greenspace at Crossbones Memorial Garden
All-Electric Development using Heat Pumps and Photovoltaics, Zero Emissions at Source District Heating 5th Generation Networks Ready
•
NABERS minimum 5 Star, targeting 6 Star
•
Energy Use Intensity (EUI) Targets of:
• Commercial target 60-70 kWhe/ m2(GIA)/year
• Residential target 35-45 kWhe/ m2(GIA)/year
•
Demand Response Adaptation
•
Incentivise and Encourage Occupant Responsible Behaviour
•
Opportunity for symbiotic exchange between Residential and nonResidential areas
• AirRated
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The Liberty: ESG Standards
B REE AM E XCEL L E NT C ERTI F I CATI ON
WIRE DS C O R E P L AT INU M C E RT IF ICAT I O N
W EL L V 2 R EA DY
5 STA R R ATI NG TA RGETED
EPC B
A I R R ATED
BREEAM is the world’s leading sustainability assessment method for masterplanning projects, infrastructure and buildings. It recognises and reflects the value in higher performing assets across the built environment lifecycle, from new construction to in-use and refurbishment.
WiredScore certification is a digital connectivity certification that rates the quality and resilience of digital infrastructure in buildings.
The WELL Building Standard is a vehicle for buildings and organizations to deliver more thoughtful and intentional spaces that enhance human health and wellbeing. Backed by the latest scientific research, WELL includes strategies that aim to advance health by setting performance standards for design interventions, operational protocols and policies and a commitment to fostering a culture of health and wellness.
The Design for Performance (DfP) initiative is an industry backed project established to tackle the performance gap and provide an approach, based on measurable performance outcomes, to ensure new office developments deliver on their design intent.
An Energy Performance Certificate (EPC) measures the energy efficiency of a property on a scale of A-G. Legislation currently requires a minimum of a Grade B by 2030.
An AirScore is a simple and reliable measure for Indoor Air Quality in the built environment. The latest sensor technology is used to monitor five key parameters for IAQ: humidity, temperature, PM2.5, TVOCs and carbon dioxide.
THE LIBERTY OF SOUTHWARK
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Waterloo Station 21 minutes
Bank of England 20 minutes
Cannon Street Station 15 minutes
Southwark Bridge 5 minutes
THE LIBERTY OF SOUTHWARK
Southwark Station 13 minutes
London Bridge 2 minutes
Borough Market 30 seconds
Tower of London 20 minutes
The Shard 2 minutes
Guy’s Hospital 2 minutes
Borough Station 7 minutes
London Bridge Station 1 minute
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Q U EEN ’ S PA RK
MOR NINGTON CR ESCENT
KI LBURN HI G H RO A D
The Liberty: Connectivity M A I D A V A LE
K ING ’ S C R O S S & S T P A NC R A S INT E R NA T IO NA L
SWISS COTTAGE
K I LB U R N PA R K
P A DDI N G T O N
MAR YL EBONE
E D G WAR E RO AD
RO AD & BA RN S BURY
H AMP STEAD
FI N C H L EY R OAD
DA LS T O N JUN C T IO N
HA G G ERS TO N
ST JOH N’S WOOD
EU S T O N
AN G EL
WA R WI CK A V EN U E
HO XTO N BETHN AL G REEN
ROYAL OAK
ON
The Liberty is fantastically connected, located within Zone 1 and benefitting from key mainline rail, London Underground, Thames riverboat and cycle facilities.
EU STON SQU AR E
GR EAT P OR TL AND STR EET
BAKER STR EET
EDGWAR E R OAD
WES T B O U R N E PARK
ST
ON
A C TO N
CI T Y
SHE PHERD ’S BUSH
NORTH
R EGENT’S P AR K
BA Y SW ATER
N T R AL
NOTTING HI LL G A TE
Access to London Bridge (Underground and Mainline Services) is located diagonally opposite the site, at the junction of Southwark Street and Borough High Street.
S O U TH
MAR BL E AR CH
QU EENSWAY
OXFOR D CIR CU S
R NH AM
G R EE N
The Shard
2 minutes
Shakespeare’s Globe S TA M FORD R A V EN S CO U R T
9E Aminutes RL’S
The Bank of England
C H M O ND
C A N N O N S TREET
11 minutes
W ES TF ERRY
MO N UM EN T
TO W ER G A TEW AY
London Bridge
W ES T IN DIA CH AR I N G C RO S S
SL OANE SQU AR E
ST JAMES’S P AR K
WESTMINSTER
Q UAY
MAN S IO N HO US E
BL AC KF RIARS
TEM PL E
RO THERHITHE VICTOR IA
SOU TH KENSINGTON
EMBAN KMEN T
C A N ARY W HARF
BERMO N D S EY LO N DO N BRI DG E
15 minutes
C A N AD A W ATER HERO N Q UAY S
19 minutes
WATER L OO
Borough
FULHA M BRO A D WA Y
PUT N E Y BRI D G E
MUDC HUT E
BO RO UG H
7 minutes
Monument
11 minutes
Southwark
13 minutes
Waterloo
21 minutes
IS LAN D G ARDEN S L AMB ETH NOR T H
I MP ER IAL WH AR F
DEPTF O RD
C UTTY S ARK EL EPHAN T & C A S TL E
N EW C RO S S G AT E
VAU XH AL L
F O R M ARITIM
N EW C RO S S
G REEN W I C H
E A ST PUT N E Y
SO UT HFI E LD S
WANDSWOR TH R OAD
Q UEEN S RO A D PEC KHAM PEC KHAM RY E
KENNINGTON OVAL
WI MBLED O N PA RK
THE LIBERTY OF SOUTHWARK WI M BLED O N
C RO S S HA RBO UR
SO UTHW ARK
1 minute
GR
S O UTH Q UAY
P IML ICO
PA RSO N S G RE E N
BL AC K W A
W A PPIN G
S URREY Q UA YS
STATI O N WAL KIN G T IM E S
PO PL A R
LI MEHO US E
WE ST BRO MPT O N
St Paul’s Cathedral
U N NE R SBURY
E W GARDEN S
S HADW EL L
H YDE P AR K COR NER
CO URT
WE ST K EN SI N G T O N
AL L S AIN TS
P ICCADIL L Y CIR CU S
30 seconds
PA R K
PA RK
TO W ER HILL
G LO U CESTER ROAD
CO URT
LA N G D O N
AL DG A TE EA S T
BA N K
S T PA UL ’S
L EICESTER S Q UARE
KNIGH TSBR IDGE BA RON S
ROOK TateB Modern
C I TY THAMES LI N K
DEV O N S RO
W HITEC HAPEL
AL DG A TE GR EEN P AR K
WA L K I N G T IM E S H A M M ER S M I T H
LI V ERPO O L S T REET
C HAN C ERY L AN E
TOTTENH AM COU R T R OAD
HI G H STR EET KE N SI NGTON
KE N SI N G T O N ( O LY MPI A )
Borough Market
RO AD
CO V EN T G ARD EN
GOL DHA W K R O A D
CTON
MO O RG AT E
H OL BO RN
BOND STR EET
L ANCASTER GATE
S H EPH ER D ’ S
B U S H M A R K ET
BO W BO W S T EPN EY C HURC H G REEN
WO O D LA N E
CTON
EN D
R U SSEL L S Q UARE GOODGE S TREET
HOLLAND PARK
A C TON
O L D S TREET
MI LE
S HO REDI TC H HI G H S T REET
LA T I M ER RO A D
WHI T E
BETHN AL G REEN
F A RRI N G DO N
WAR R EN STR EET
BA RBI C A N
LA D B R O K E G RO VE
EAST
HO MERTO N
LO N DO N F I ELD S C A MBRID G E HEATH
BRO C KLEY HO N O R O AK PARK
EL V ERSO N R F O RES T HIL L
CL AP H AM JU NCTION
CL AP H AM H IGH STR EET
CL AP H AM NOR TH
STOCKWEL L
L O UG HBO RO UG H J UN C TIO N
DEPTF O RD B
N UN HEAD
9 L EW IS HA M
S Y DEN HA M
C RO F T O N PEN G E W EST
PA RK
The Liberty: Frontier Territory The Liberty is situated within one of London’s most vibrant and dynamic sub-markets, London Southbank. London Southbank perfectly combines culture and commerce to form a London district like no other, home to world-renowned art institutions (including Tate Modern and Globe Theatre), the tallest mixeduse office building in Western Europe (the Shard), a market dating back to 1014 (Borough Market) and high quality office and live/work accommodation in both modern and period developments. This exciting area of London has continued to improve over the last decade with a combination of significant inward investment in large placemaking development schemes alongside notable infrastructure improvements. Indeed, the extension of the Tate Modern has cemented the Southbank’s cultural appeal, while London Bridge, Waterloo and Blackfriars station have all benefited from major upgrade projects. In 2024, The Liberty of Southwark will place you at the heart of this inspiring melting pot.
THE LIBERTY OF SOUTHWARK
( CLO CKWISE FROM ABOVE) BOROUGH MARK ET, STONEY ST REET; SH AK ESP EA RE ’S G LOB E TH EATRE ; POT T ERS FIELDS PARK , T H E QUEEN’S WALK ; TATE M ODERN , B A N KS I DE
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The Liberty: LOcal Occupiers
ALD A LD G AT E
ST PAUL ' S
BAN K
COVE NT G A R D E N
LO CAL O C C UP IE R S M AN S I ON H O U S E
LON D ON BL AC K FRI A RS
AD
20
SO
2 5
13
21
UT
HW
AR
K S TRE
ET
S OUTH WA RK
ID O
R
O A
D
24
WA
B BORO
T
LO ND O N BR ID G E
23
14
19
O
R
O
U
G
H
H
IG
H
S
T
R
E
E
LO
T
NG
LA
N
E
OAD UGH R
U 10 MIN
THE LIBERTY OF SOUTHWARK
Y S TR EE
16
BO RO UG H
TH
7
RK
BR LO
16
LE
AD
17
U
R
8
TOO
15
6
SO
E
WESTMINSTER BRIDGE
BLACKFRIARS ROAD
23
8
4
WATE RLO O
AT
WESTMINSTE R
15
1
12
W
7
GE
20
RO
22
10
GE
14
5
11
22 6
18
GE
3
24
ID
E
D STREET
R B R
G
FOR
WE
ID
S
TA M
T
TO
BR
12
9
EE
BRID
O
NKMENT E MB A N KMENT
4
BR
LO
CH A R I N G CROS S CHA
19
RIA STR
DON
ER
11
21
N VIC TO
LON
AT
3
QUEE
E R O
W
13
TOWE R H I LL
CAN N O N ST R E E T
IDG
18
M O NU M E NT
RK
10
VICTORIA EMBANKMEN T
SOUT
2
17
T EMPL E
HWA
9
BLACKFRIARS BRIDGE
1
FE N CH U RCH ST R EE T
TES
11
The Liberty: NEIGHBOURS
8
ST PAUL ' S
ALD A LD G AT E
6 BAN K
S HO PPIN G
AD
4
UT
AR
1
S OUTH WA RK
1 CitizenM 2 DoubleTree by Hilton 3 Shangri-La Hotel at the Shard 4 The Hoxton Southwark
HW
15
K S TRE
3
1
11
12
TOO
2
9
Y S TR EE
3
7
T
3
3
14
3
LE
GE
6
ID
2
16
7
LO ND O N BR ID G E
13
18
RO BR
ID
GE
1
R
RK WA TH
U
E
BO RO UG H
LO O
SO
AT
R
O A
D
BLACKFRIARS ROAD
W
BRIDGE
BORO
OAD UGH R
10
B
O
R
O
U
G
H
H
IG
H
S
T
R
E
E
LO
T
NG
LA
8 N
E
12
U 10 MIN
THE LIBERTY OF SOUTHWARK
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R B R
4
1
AD
WATE RLO O
T
DON
5
3
EE
LON
5
6
ET
RIA STR
BRID
IDG
HWA
E
SOUT
G
6
1 SO
N VIC TO
GE
E R O
ID
D STREET
HOTELS
QUEE
BR
BR
S
FOR
TOWE R H I LL
WE
BLACKFRIARS BRIDGE
5
7 TA M
2
CAN N O N ST R E E T
RK
1 3Tribes 2 Boom Cycle 3 Crossfit 4 Digme Fitness 5 Gymbox 6 The Fitting Rooms 7 Thirdspace
FE N CH U RCH ST R EE T
11
M O NU M E NT
5
O
1 BAO 2 Bermondsey ‘Beer Mile’ 3 Boot & Flogger 4 Brigadiers 5 Flat Iron Square 6 Flor 7 Hawksmoor 8 José 9 Maltby Street Market 10 Mercato Metropolitano 11 Monmouth Coffee Company 12 Padella 13 Restaurant Story 14 The Breakfast Club R WESTMINSTE 15 The Gentlemen BaristasW E S T M INSTER 16 The Rake 17 Tortilleria El Pastor 18 Vinegar Yard
F ITNES S & WE LLBEING
2
4
LO
NKMENT E MB A N KMENT
VICTORIA EMBANKMEN T
ER
E AT & D R IN K
M AN S I ON H O U S E
LON D ON BL AC K FRI A RS
AT
CH A R I N G CROS S CHA
1 Aesop 2 Borough Kitchen Cookshop 3 Hays Galleria T EMPL E 4 Neal’s Yard Dairy 5 Paul Smith 6 The Ginger Pig W
1 Bankside 2 Borough Market 3 City Hall 4 Omeara 5 Shakespeare’s Globe 6 St. Paul's Cathedral 7 Tate Modern 8 The Gherkin (30 St Mary Axe) 9 The Shard 10 Tower of London 11 Walkie Talkie (20 Fenchurch Street) 12 White Cube Bermondsey
4
TO
COVE NT G A R D E N
TH I N G S TO S E E & D O
2 9
17
TES
12
2
B O RO UG H M A R KET B O RO UG H H IG H STR E ET
9 THE LIBERTY OF SOUTHWARK
M A LTBY STREET M A RKET B ERM ON DS EY
13
12
15
PADELLA RESTAUR A N T S OUT H WARK ST R EET
T H E G E N T L E M EN BARISTAS U N IO N ST R E E T
3 THE LIBERTY OF SOUTHWARK
TH E B O OT A N D F LO G G ER P U B RED C ROS S WAY
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The Liberty: THE SITuation The Liberty occupies a prominent 1.7 acre site on Southwark Street, in the heart of London’s Southbank, one of London’s most vibrant and sought-after sub-markets. Southwark Street runs between Borough High Street to the east and Blackfriars to the west, giving direct access to London Bridge and the City to the north and Borough and Elephant & Castle to the south. The site has an 80m frontage to Southwark Street to the north, Redcross Way to the west and Union Street to the south. The development will include the provision of substantial additional public realm with the creation of a new landscaped public space and a market place. Crossbones Garden forms the southern section of the site which will be enhanced to create a memorial garden as part of the development.
THE LIBERTY OF SOUTHWARK
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THE LIBERTY OF SOUTHWARK
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The Liberty: DESIGN EVOLUTION
The design of the project has been informed by extensive consultation with key stakeholders including the London Borough of Southwark, the Greater London Authority, Transport for London as well as local residents, amenity groups and stakeholders. With place making and pragmatic planning at its heart, the design has sought to capture six key principles.
AP P ROP R I AT E M I X OF U S E S
A U NI Q U E NET WO R K O F ST R EETS A ND SPACES
CRO S SBONES G A RDEN, AVA IL A BLE TO A LL
Designed around 20 Southwark Street, providing residential enclaves and smaller scale workplaces at the centre of the site.
Delivering exemplar neighbourhood permeability, the scheme is arranged around a collection of new and reinstated pedestrianised streets and public spaces, linking Southwark Street, Union Street and Borough High Street.
In conjunction with the Bankside Open Spaces Trust and the Friends of Crossbones, the design incorporates and highlights the cultural and historical significance of the gardens.
RI CH U R BA N M I X OF ACT I V I T IES
VAR I ET Y O F WO R KSPACES
A SUSTA INA BLE PL ACE
Designed to promote a culturally dynamic and materially rich place to live, work and visit.
Designed for a mix of commercial occupiers with a rich mix of space configurations, sizes and specifications. Smaller flexible commercial accommodation and discounted affordable workspace will also bring a vibrant mix of occupiers across the site.
Critical to design are sustainability and ESG considerations. With passive design measures integrated from an early stage alongside a selection of active sustainable design choices.
THE LIBERTY OF SOUTHWARK
17
ST
RE
ET
BE
DA
LE
ST .
RO
DC
RE
ET
RE
S O U T H WA R K B R IDGE
ST
ET
LE
RE
RA
ST
TH
SS
W
AY
K
EY
R OA D
BOROUGH MARKET
N
R
O
Designed by award winning architects, Allies & Morrison, the scheme comprises four distinct elements:
PA
ST
The Liberty: Scheme Overview
20 S OUTHWARK STRE E T ET RE ST
H
IG
OU
WA RO DC
RA EA
T
YA R
YA
RD
D
H
H G
HI
GH
ST. MA RG A RET ’S LA NE S OUTH EET
O
RT
H
STR
LB
HA
UG
ON
TA
ITE
RO
BOROUGH
BO
UNI
WH
ST
RE
ET
RE
C ROS S B O N ES G A R DEN
AY E R
Newly landscaped areas will be provided across the site, including a new market place.
THE LIBERTY OF SOUTHWARK
ST. MA RG A RET ’S LA NE NORTH
SS S S TRE ET
S O U T H WA R K B R I D G E R OA D
FLAT IRON W O O DS YARD, C ROS SBO NE S SQUARE
O’M
Newly developed residential, retail and workspace accommodation across two interconnected buildings situated either side of St Margaret’s Lane, at the centre of the site.
G A RDEN AN D CALVE RTS YAR D M ARK E T
BOR
MARG ARE T ’S L ANE NO RTH AN D S O U T H
Y
ST
U
CA LV ERTS YA RD MA RKET GH
RE ST
HIG
WO O DS YA R D
ET
15 Southwark Street will be redeveloped behind a retained period façade to provide ground floor retail with four beautifully proportioned residential units over four upper floors.
LONDON BRIDGE
RO
15 S OUTH WARK ST RE E T
15 S OUTH WA RK STREET S O U T H WA R K S T R E E T H S T.
20 S O U T HWA R K ST R EET
BO
A new 159,874 sq ft Grade A office building, with ground floor retail fronting Southwark Street, arranged over basement, ground, and 8 upper floors with stunning upper floor terraces.
18
The Liberty: schedule of use
20 SOUTHWARK STREET USE
ARTISTS RENDER, VIEW LO OKING WEST
GIA
NIA
SQ FT
SQ FT
Office
177,331
144,839
Retail
13,776
13,314
229,133
159,874
GIA
NIA
USE
SQ FT
SQ FT
Retail
1,969
Affordable Workspace Other
SUB-TOTAL 15 SOUTHWARK STREET
Residential SUB-TOTAL ST MARGARET'S LANE (N&S) USE
Residential
Affordable Workspace
Market Storage SUB-TOTAL
MARKETPLACE USE
Marketplace Stalls SUB-TOTAL TOTAL
THE LIBERTY OF SOUTHWARK
1,841
36,184
15 Southwark Street
-
3,606
6,183
5,458
GIA
NIA
SQ FT
SQ FT
1,852
32,523
24,886
487
462
13,466
49,702
38,814
GIA
NIA
635
635
285,654
204,782
635
20 Southwark Street
1,721
4,214
16,693
St Margaret’s Lane (N&S)
635
19
20 southwark street: overview 20 Southwark Street will comprise a newly developed high specification Grade A office building, providing 159,874 sq ft, arranged over 10 storeys. With 80 metres of frontage onto Southwark Street and expansive roof terraces at floors four, five, six and eight, the scheme will provide stunning views over London Bridge and the Shard as well as to the south. Highly flexible and capable of single or multi-occupation, the office accommodation will provide high specification, highly efficient space. Office floor plates will range from 24,400 sq ft to 3,672 sq ft allowing for significant occupational flexibility. Approximately 14,051 sq ft of terrace and balcony space will be provided over first to eighth floors, providing stunning 360 degree views over London. The office accommodation will be accessible via a double height reception fronting Southwark Street. The building will further deliver 13,314 sq ft of ground floor retail accommodation across eight units providing extensive frontage on Southwark Street, Redcross Way and Woods Yard. The ground floor will provide a new double height walkthrough, known as Union Walk, with access to the market stalls and creative hub at the heart of the development.
THE LIBERTY OF SOUTHWARK
20
A RT I STS R E N D E R O F O F FIC E LO BBY AN D CAF É
THE LIBERTY OF SOUTHWARK
21
20 southwark street: schedule of uses FLOOR
USE
GIA (SQ FT)
NIA (SQ FT)
8TH
Office Balcony and Terrace (7,483)
6,472
3,672
7TH
Office Balcony (267)
17,932
14,146
6TH
Office Balcony and Terrace (1,514)
17,932
14,146
5TH
Office Balcony and Terrace (1,826)
24,470
20,257
4TH
Office Balcony and Terrace (2,256)
26,766
22,456
3RD
Office Balcony (267)
28,788
24,400
2ND
Office Balcony (267)
28,788
24,400
1ST
Office Balcony (171)
26,185
21,363
GROUND
Retail Affordable Workspace Reception / Loading Bay / Core
13,776 1,841 10,812
13,314 1,721 -
BASEMENT
Cycle / Plant / Back of House
23,628
-
Office Total
177,331
144,839
1,841
1,721
Retail Total
13,776
13,314
Plant and Ancillary Total
36,184
-
229,133
159,874
ROOF
Plant
Affordable Workspace Total
TOTAL
THE LIBERTY OF SOUTHWARK
1,744
-
Allies and Morrison
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A RT I STS R E N D E R O F 20 S O U THWARK STREET
THE LIBERTY OF SOUTHWARK
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THE LIBERTY OF SOUTHWARK
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20 southwark street: specification
20 Southwark Street has been designed to meet future occupational and sustainability requirements and offers exceptional flexibility and high quality systems and finishes.
340
2.8M
Typical office floor ceiling height of 2.8 metres on typical upper floors
Feature double height entrance lobby with full height glazing throughout
Occupational density of 1 person per 8 sq m
340 cycle spaces and 1 shower per 10 bike spaces*
Exterior terraces or balconies on floors 1–8 with feature roof gardens and terraces on floors four, five, six and eight
Cooling and heating ventilation provided by underfloor air displacement systems, delivering exemplar fresh air rates, 20% beyond BCO
Raised access floors with 150mm clear void on typical upper floors
Exposed ceilings giving occupiers flexible fit-out options
Fully flexible floor plates with sub-division potential
5
5 × 21 person passenger lifts 1 × goods lift 1 × fire fighting lift
THE LIBERTY OF SOUTHWARK
* Provided at basement level and partly shared with St Margarets Lane workspace. 512 spaces site wide, final number may vary.
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A RT I STS R E N D E R O F T E RR AC E
THE LIBERTY OF SOUTHWARK
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20 southwark street floorplans: GROUND FLOOR
REC EP TI ON F L EX I B L E WORKS PAC E RETA I L LOA DI N G B AY C ORE
Not to scale. For indicative purposes only.
THE LIBERTY OF SOUTHWARK
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20 southwark street floorplans: 2nd & 3rd Floors
THE LIBERTY OF SOUTHWARK
OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.
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20 southwark street floorplans: 4th Floor
THE LIBERTY OF SOUTHWARK
OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.
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20 southwark street floorplans: 5th Floor
THE LIBERTY OF SOUTHWARK
OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.
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20 southwark street floorplans: 6th Floor
THE LIBERTY OF SOUTHWARK
OF F I C E F LO OR OU TS I DE S PAC E G REEN RO OF C ORE
Not to scale. For indicative purposes only.
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20 southwark street floorplans: 7th Floor
THE LIBERTY OF SOUTHWARK
OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.
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20 southwark street floorplans: 8th Floor
THE LIBERTY OF SOUTHWARK
OF F I C E F LO OR OU TS I DE S PAC E G REEN RO OF C ORE
Not to scale. For indicative purposes only.
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A RT I STS R E N D E R O F T Y PICAL O F F IC E L E VEL Final Category A office fit out including ceiling treatment will vary
THE LIBERTY OF SOUTHWARK
34
15 southwark street: overview 15 Southwark Street will redeveloped behind its retained façade to provide 3,606 sq ft of residential accommodation on four floors in four separate units. It will also provide a 1,852 sq ft retail unit fronting Southwark Street. Access to the residential units will be via a dedicated entrance in the courtyard to the rear, and retail and residential plant is located in the basement areas. The four residential units provided at 15 Southwark Street are designated for private sale and will be completed to a high specification.
THE LIBERTY OF SOUTHWARK
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15 southwark street: schedule of uses
FLOOR
USE
GIA (SQ FT)
NIA (SQ FT)
3RD
Residential - Private
948
915
2ND
Residential - Private
948
915
1ST
Residential - Private
948
915
GROUND
Residential - Entrance Retail
469 1,302
1,186
BASEMENT
Retail
666
666
Residential Total
4,214
3,606
Retail Total
1,969
1,852
TOTAL
6,183
5,458
4TH
Residential - Private
THE LIBERTY OF SOUTHWARK
900
861
Allies and Morrison
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15 southwark street: In More Detail RE PAIRE D AND RE TAINE D FRONT AND RE AR FACADE
ONE RE SIDE NTIAL U NIT PE R FLO OR
NE W LY RE INSTATE D NORTH-S OU TH PAS SAGE WAY GROU ND AND BASE ME NT RE TAIL U NIT, W ITH RE AR G ARDE N RO OM E X TE NSION
THE LIBERTY OF SOUTHWARK
37
St Margaret’s LanE North and South: overview Arranged either side of St Margaret’s Lane, St Margaret’s Lane North and South will deliver a vibrant mix of retail, flexible workspace and residential accommodation. Together, the new buildings will provide 13,466 sq ft of affordable workspace and 24,886 sq ft of residential accommodation across 32 units. Abutting 20 Southwark Street to the north and arranged around a central courtyard St Margaret’s Lane North will comprise a newly developed eight storey mixed use building, arranged over basement, ground and seven upper floors providing affordable workspace on ground and part 1st floors and residential accommodation on part 1st floor and above. Situated abutting the southern boundary of the site, St Margaret’s Lane South forms a low-rise block of affordable workspace and flexible commercial accommodation arranged over ground and two upper floors. The buildings will be linked by a new foot bridge between the workspace accommodation at first floor level. The Liberty will deliver 16 affordable housing units, with a mix of social rented and intermediate affordable units. Located within St Margaret’s Lane North, the units will be delivered in a ‘tenure blind’ manner, over first to fourth floors. THE LIBERTY OF SOUTHWARK
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St Margaret’s LanE North and South: schedule of uses NORTH
SOUTH
FLOOR
USE
GIA (SQ FT)
NIA (SQ FT)
6TH
Residential - Private
3,170
2,917
5TH
Residential - Private
3,170
2,917
4TH
Residential - Private Residential - Intermediate
3,940
2,734 926
3RD
Residential - Social Residential - Intermediate
5,341
2,497 2,540
2ND
Residential - Social
5,341
5,038
Affordable Workspace
2,786
1,865
1ST
Residential - Social Affordable Workspace
2,638 2,705
2,400 2,683
Affordable Workspace
3,917
2,972
GROUND
Residential - Entrance Affordable Workspace
1,453 3,861
3,705
Affordable Workspace Core and Back of House Affordable Workspace Market Storage
1,137 2,287 487
2,240 462
BASEMENT
Residential Plant and Back of House
4,300
-
11,485
Affordable Workspace
10,127
7,077
32,523
3,466
Market Storage
487
462
9,935
TOTAL
10,613
7,539
6,566
6,388
39,089
31,275
7TH
Residential - Private
3,170
Residential - Private Residential - Intermediate Residential - Social Affordable Workspace TOTAL
THE LIBERTY OF SOUTHWARK
2,917
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St Margaret’s LanE North and South: schedule of uses
S OUTH ELEVATION - ST MARG ARET ’S L ANE
THE LIBERTY OF SOUTHWARK
EAST ELEVATION - CALVERT ’S YARD
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St Margaret’s LanE North and South floorplans: ground & 1st floorS
CALVERT’S YARD
1st
CALVERT’S YARD
G
WO R KS PAC E CO R E
UNION WALK
ST MARGARET’S LANE
UNION WALK
ST MARGARET’S LANE
RE S I DEN TI A L OUTS I DE S PAC E WO RKS PAC E CORE
Not to scale. For indicative purposes only.
THE LIBERTY OF SOUTHWARK
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St Margaret’s LanE North and South floorplans: 2ND & 4TH floorS
CALVERT’S YARD
4TH
CALVERT’S YARD
2ND
R ES ID E N T IAL OU TS ID E S PAC E WO R KS PAC E CORE
ST MARGARET’S LANE
UNION WALK
UNION WALK
ST MARGARET’S LANE
RE S I DEN TI A L OUTS I DE S PAC E RE S I DEN TI A L TERR AC E
Not to scale. For indicative purposes only.
THE LIBERTY OF SOUTHWARK
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Allies and Morrison
THE LIBERTY OF SOUTHWARK
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WOODS YARD, CROSSBONES GARDEN AND CALVERTS YARD MARKET: PUBLIC REALM The Liberty will deliver new and extensive landscaped public realm, providing new garden, piazza and community spaces, with links across the site between Union Street, Southwark Street and Borough High Street. Nine new market stalls will be located within Calvert’s Yard, aimed at attracting independent retailers, providing a sense of dynamism, permeability and connectivity through the wider site. Crossbones Garden will provide a new publicly accessible community garden, respectfully reinvigorating the site with enhanced access and biodiversity, while retaining and protecting its historic and cultural significance.
THE LIBERTY OF SOUTHWARK
44
ground floor activiation The ground floor of The Liberty will provide a vibrant mix of retail, restaurant and services, catering for the immediate office and residential catchment. Treatments and services will ensure repeat business and a chance to engage with customers, whilst creating a sense of convenience and community. Permanent and pop-up and market stalls will encourage emerging independent brands seeking short term representation, ensuring both a point of difference and a reason to visit.
G R O U N D F LO O R A R E A
NIA (SQ. FT)
20 southwark street
13,314
15 southwark street
1,186
calverts yard market
635*
*9 permanent stalls
THE LIBERTY OF SOUTHWARK
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PA DDI N GTON C EN TR A L LON D ON 10 & 12 H AMMERSMIT H GROVE LOND ON
U+I is a specialist mixed-use regeneration, development and investment company with a long history of working successfully in partnership with the public sector. We have a 26-year track record of change in the places where we build. Our mixeduse public private partnership regeneration projects take unloved and overlooked land and through clever design, planning and curation create places that deliver jobs, economic growth, homes, huge social impact and communities with a future.
P L U S X I N N OVATI ON H U B B RI G H TON
M ORDEN W H A RF G REEN W I C H CI RCU S ST R E E T BR I GHTO N
THE LIBERTY OF SOUTHWARK
M AY F IELD M ANC HESTE R
TH E OL D V I N YL FACTORY H AYES
46
U+I is a specialist regeneration developer, recognised for creative vision and entrepreneurial flair. It has a £10bn+ development pipeline (grown from approximately £2.5bn in 2015) of complex, mixed-use, community-focused regeneration projects in three regions: the London City Region – an area within a one-hour commute of central London – Manchester, and Dublin. (The company also has an investment portfolio with a capital value of £85m that is spread across the United Kingdom.) U+I’s business model is to deliver returns through regeneration. The company realises profits by successfully transforming undervalued land and assets into new places that deliver social and economic value to a wide range of stakeholders.
THE LIBERTY OF SOUTHWARK
£10bn+
20,000
GDV IN OU R PIPEL INE
JOB S C RE AT ED BY 20 30
18,500
7m+ SQ/FT
NE W HOMES B U ILT BY 20 30
C OMMERC I A L S PAC E
26
40
LOCA L AU T HORI T IES IN WHIC H WE A RE AC T I V E
PRO JEC T S IN OU R PIPEL INE
1,000
£10.5BN
E V EN T S A ND C OMM U NI T Y AC T I V I T IES HEL D ON OU R ME A NWHIL E S I T ES
SOC IO EC ONOMIC VA LU E A DDED OV ER T HE NE X T 10 Y E A RS
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Delivery Team:
We have an experienced and determined team to lead the business and deliver value for all shareholders.
RIC HARD UPTON
MIK E H O O D
RO B S LO P ER
PAUL PATENA LL
H ENRI ET TA NOWNE
SA M JA RRET T
CEO
Managing Director
Development Director
Projects Director
Senior Development Manager
Head of Marketing
RichardUpton@uandiplc.com
MikeHood@uandiplc.com
RobSloper@uandiplc.com
PaulPatenall@uandiplc.com
HenriettaNowne@uandiplc.com
SamJarret@uandiplc.com
THE LIBERTY OF SOUTHWARK
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The Liberty: Project team
A well respected and established professional team has been instructed to help deliver a best-in-class, mixed use regeneration project, fit for modern post-pandemic occupier needs.
ARCH I TECT
SU STAINAB I L I T Y C ONSU LTAN TS
C OST C O N S U LTA N TS
B U I LD I NG A ND S ERV I CES ENGI NEER
PLA NNI NG CONSULTA NTS
Founded in 1984, Allies and Morrison is an award winning architecture and urban planning practice based in London, Cambridge and Dublin.
AECOM are listed on the Fortune 500 as one of the worlds largest infrastructure consulting firms with a focus on delivering sustainable projects.
Faithful+Gould is an integrated project and programme management consultancy, part of Atkins – a design, engineering and project management consultants.cy.
AECOM are listed on the Fortune 500 as one of the worlds largest infrastructure consulting firms with a focus on delivering sustainable projects.
Lichfields are a leading planning and development consultancy based in the UK, with over two hundred people operating from eight offices across the UK.
www.alliesandmorrison.com
www.aecom.com
www.fgould.com
www.aecom.com
www.lichfields.uk
THE LIBERTY OF SOUTHWARK
RI GH TS OF LI GH T/ PA RT Y WA LL CONSULTA NTS GIA is an independent firm of chartered surveyors and technical specialists. They offer services in rights of light and neighbourly matters and in the field of designing for daylight in increasingly dense cities.
www.gia.uk.com
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The Liberty: OPPORTUNITY P RO P OSAL
L EG A L M AT T ER S
FUND I NG STRUCTURE
• We are instructed to seek a funding partner for the Liberty of Southwark.
• New 299 year long leasehold interest from London Underground Limited.
• U+I and TfL seek funding partner to acquire the long leasehold interest and fund development.
• Interested parties will be granted access to the Phase 1 VDR (access to Phase 2 Data Site in due course).
• Granted on site acquisition.
• All development costs to be paid by funder, in accordance with certified drawdown notices.
• Offers are invited for the long leasehold interest. • Proposals shall set out the basis of forward funding. • Financial models are included in the Phase 1 VDR. • Total construction and other costs anticipated as c £210m. • Any proposals will include promote structure to U+I and TfL.
• Peppercorn rent. • Summary of key legal provisions in data site.
• U+I will act as Development and Letting Manager with DM fee. • U+I will manage procurement of project, including appointment of contractor. • On full letting, U+I and TfL will benefit from promote payment on basis to be agreed. • U+I have a negotiated position with an affordable housing provider to de-risk the affordable housing accommodation. • U+I and TfL remain flexible on the structure of the residential element of the scheme.
THE LIBERTY OF SOUTHWARK
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The Liberty: Development timeline JU N 2021
ARC H A E O LO GY STU DY
R I B A STAG E 3 D E S IG N WO R K
P RO C U R E M E N T PRO C E S S
L E AS E D R AWD OWN
20 S O UT H WARK STREET CONST RUCT IO N P RO G R AM M E
15 S O UT H WARK STREET CONST RUCT IO N P RO G R AM M E
ST. M ARG ARET ’S LAN E C ON ST RUCT IO N P RO G R AM M E
THE LIBERTY OF SOUTHWARK
SEP 2021
DEC 20 21
MAR 20 22
J UN 20 22
SEP 20 22
DEC 20 22
MA R 20 2 3
S EP 2 02 3
DEC 2 02 3
MAR 2 024
JU N 2 024
S EP 2 024
DEC 2 024
MAR 2 02 5
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • v
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The Liberty: Readiness for Development THE STORY S O FA R
P RO CUREMENT STR ATEGY
• U+I were selected in June 2016 as as TfL’s joint venture partner to deliver a state of art mixed use scheme.
• A comprehensive programme for the delivery of the masterplan has been formulated and costed.
• U+I and TfL entered into a Development Agreement, dated 22 December 2017.
• The design has been completed to RIBA Stage 2+.
• After significant design work and stakeholder involvement, a resolution to grant planning permission was approved in June 2020. Planning Reference Number: 19/AP/0830.
• RIBA Stage 3+ design work commences in August 2021.
• All planning agreements have been signed. • All third party matters have now been resolved, including:
• F&G have prepared a Stage 2 Design Order of Costs Report together with a comprehensive construction programme for the delivery. • All relevant documentation is contained within the VDR.
• land assembly; • rights to light; • Network Rail Basic Asset Protection Agreement (BAPA) and Asset Protection Agreement (APA); and • vacant possession. • U+I have appointed leasing agents and have early engagement with the market. • Archaeology underway , with construction to start in Q1 2022. • U+I and TfL have prepared a cleared site with construction to start in Q4 2021.
THE LIBERTY OF SOUTHWARK
52
THE LIBERTY IS AN INVESTMENT OPPORTUNITY WITH A THOUSAND-YEAR PROOF OF CONCEPT
1107
1270
1462
1550
1599
B IR T H OF T HE L IB ER T Y
A N IRRI TAT ION TO AU T HORI T Y
H U MOU RS OF T HE FA IR
B RIDGE WI T HOU T WA RD
PL E AS U RE S EEK ERS
Having been granted sole authority over ‘The Liberty of the Clink’, The Bishop of Winchester imposes order — and collects rents and fees from businesses, both legitimate and illicit...
The presence of hawkers beside the bridge, on land owned by the crown, provides stiff competition to the City of London.
Edward VI grants a royal charter to the Southwark Fair, a raucous affair attracting farmers, players and entertainers every September.
Most of Southwark’s somewhat lawless manors are incorporated as ‘Bridge Without Ward’. The Liberty of the Clink, however, retains its independence, as well as its reputation for ‘lax’ morals.
The Globe Theatre is built. Theatres came to the area for the same reason as other enterprises from the fringes of society did – because they were forbidden in The City.
THE LIBERTY OF SOUTHWARK
53
Southwark has always been a home for the outsiders — a sanctuary from the mainstream
1756
1762
1889
1987
2024
T HE T RI A NGL E
‘A N A F F RON T TO LONDON ’
L IB ER T Y NO MORE
S C H — OOM !
T HE L IB ER T Y L I V ES ON
Parliament declares the market south of the bridge must close, so local residents petition to start a new one — Borough Market has found a new home.
After 300 rowdy years, Southwark Fair is abolished. The lively and at-times unruly event had eventually come to last a fortnight each September.
The Liberty of the Clink is abolished, becoming part of the new county of London created within the metropolitan area.
Seminal nightclub Shoom, later credited as one of the birthplaces of the UK’s dance music scene, opens for the first time on Southwark Street. S EN S AT ION S EEK ERS !
The Liberty of Southwark will continue to grant licence to the outlaw spirit of this extraordinary area. Its inhabitants will be Liberty Seekers – custodians of the spirit of Southwark.
THE LIBERTY OF SOUTHWARK
54
Southwark, from Roman outpost to last-ditch defence against invaders, from sanctuary for pleasure-seekers and libertines to the crucible of rave culture, this was always Londinium’s wild side. THE LIBERTY OF SOUTHWARK
55
WWW.TH ELIBERT YOFS OUTHWARK .COM
JAMES GOLD SMITH
WILLIAM CL ARKE
HENRY TIMMIS
RASHEED HAS SAN
DIRE CTOR, CENTRAL LOND ON INVESTMENT
AS S O CIATE , CENTRAL LOND ON INVESTMENT
DIRE CTOR, CENTRAL LOND ON INVESTMENT
DIRE CTOR, CRO S S BORDER INVESTMENT
jgoldsmith@savills.com
wmclarke@savills.com
htimmis@savills.com
rhassan@savills.com
07870 555747
07969 509231
07972 000 248
07870 999 776
020 7409 9918
020 7330 8606
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.
020 7409 8915
020 7409 8836
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.
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