| the north east
KIER PROPERTY REGENERATES THE NORTH OF ENGLAND
of England, over the next five years. In the commercial sector; 3 Sovereign Square in Leeds has been developed in joint venture with Bruntwood totalling c110,000 sq.ft. Addleshaw Goddard has taken three and half floors of the five floors of offices, with two of the retail units also being under offer. This project won ‘Deal of the Year’ (Costar Group) in the recent Property Awards.
Kier Property’s partnerships are not only with the private sector; their 36 acre strategically located riverside site on north bank of the River Tyne is an investment partnership with North Tyneside Council and will see them develop the Swans scheme in Wallsend over the short and medium term.
The vision for the site, which has
Enterprise Zone status is to provide a state of the art ‘advanced manufacturing and technology hub’ for class leading companies involved in the offshore and renewable industries - with its fully operational deep water quay (approx. 380m quay edge) and heavy load out facilities including 40m wide lay down area and access to the North Sea.
The first phase of works has seen the development of a Centre for Innovation, offering office space for advanced manufacturing businesses and is almost 100% full within months of completion. In 2015 Kier set-up the ‘Penda Strategic
Swans - with enterprise centre
ier Property, the development arm of the Kier Group has established itself as a leading development and investment partner across the UK, with a £1.5bn+ development portfolio. The team is continuing to expand its presence in the north of England through the regeneration of land and their strategic leverage of co- investment partnerships which has continued to positively increase investment across all asset classes.
K
The property team, based in Leeds, Newcastle and Manchester has a wealth of experience and is pursuing projects throughout the north.
In Newcastle the team has recently completed the £17m, 222 bedroomed boutique hotel ‘Motel One’ on High Bridge and has also acquired the former Liquid Envy nightclub in the heart of the city. The intention is to give the site a new lease of life by offering a 329 bedroom high quality student accommodation scheme. The development which is currently on site will also provide 10,000 sq.ft of retail and leisure space when it opens in September 2017.
Kier Property has a proven track record in 60 Motel One COMMERCIAL PROPERTY MONTHLY 2016
delivering student accommodation, having successfully opened 264 student bedrooms in Glasgow last summer. It is looking to capitalise on this with a pipeline of over 1,000 student rooms in the north and south
Property Partnership’ in Staffordshire, following a selection process by Staffordshire County Council and the Police and Crime Commissioner. This joint venture will run for an initial 10-year term, with a potential five-year extension, encompassing schemes valued up to £400m.
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