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PROPERTY Former BBC HQ to become new leisure haven

Allford Hall Monaghan Morris Architects (AHMM) has released new images of its proposed masterplan for the former BBC headquarters site in London’s White City area. Developer Stanhope has

commissioned AHMM to be in charge of the redevel- opment at the site, with work due to start in Q2 2015. Following its transfor-

mation, the site will include office and studio space for the BBC, a range of enter- tainment and leisure facilities, a hub for creative industries and new busi- nesses, public open spaces, a thousand new homes and a new boutique hotel. Te hotel is rumoured to be a Soho House hotel, offering at least 47 rooms, a terrace and a swim- ming pool. Te site as it stands is made up

AHMM is working with several other firms on the impressive masterplan

mainly of listed buildings, this includes the Television Centre forecourt, Studio 1 and the central Helios Plaza. Tese famed loca- tions will be preserved and made accessible to the public for the very first time by AHMM. Details:

Investors drive golf resort renaissance

Investors are rediscover- ing the appeal of European golf resorts, with in excess of £301m worth of major sin- gle asset transactions in golf occurring this year, according to a new report by global hotel consultancy HVS London. Te European Golf Resort

Investment report suggests the sector is starting to regain its momentum, with institu- tional investors and private equity organisations making more moves into golf resorts. It is believed that the resur-

gence is being led by the idea that resorts carry multiple revenue streams, as well as solid potential for future development. Golf offerings also tend to already feature

Scotland’s famed Gleneagles course hosted the Ryder Cup last month

well-built hotel properties, golf courses and a diverse guest profile. Such is the uptake in transactions this year, major single asset transactions in golf resorts have increased by £7.8m – with American investors now seemingly keen on the European market. “American investors are seeking high profile

trophy assets on the back of the high level of home demand, a familiarity with the business and intense competition for assets signalling lower returns stateside,” said report author Harry Douglass at HVS London. “We have found the difference now is that today’s golfing


clientele demand very exacting standards of golf course, facilities and food & beverage. To be successful resort owners need to invest in these, maintain them and continue investing to stay ahead of the competition.” Despite a boom in the 1990s, golf resorts

had reportedly been over-supplied in many locations in recent times, with a reduction in both corporate and leisure spend driving down RevPAR (revenue per available room) to make the sector’s predicament more problematic. However, with hotel performance stabilis-

ing, a number of resorts have changed hands as investors seek to benefit from the upturn. Details:

Twitter: @leisureopps

A planning application is expected in the new year

British Land set to develop £40m Drake Circus Leisure

Developer British Land has signed an agreement with Plymouth City Council to develop Drake Circus Leisure, a £40m leisure scheme next to its Drake Circus Shopping Centre in Plymouth city centre. The proposed development is set to

include a 12-screen cinema operated by Cineworld, 13 restaurant units and 450 car park spaces, while the site’s current coach station is planned to be relocated. Te move comes as the owners of the

Drake Circus offering seek to broaden its appeal, establishing it as an evening destination – with its trading hours also being extended. Following the agreement, a detailed planning application for the scheme is now being developed, which is due to be submitted early next year. Corstorphine + Wright is the architect

for the planned 100,000 sq ſt (9,290sq m) scheme, with Wareing & Partners serving as the letting agent for Drake Circus Leisure. “Plymouth has a very strong local catch-

ment, and a vibrant and successful city centre, which will be further enhanced by our investment,” said David Pollock, retail development director for British Land. Details:

Dumbarton reveals mixed- use development plans

Scottish football club Dumbarton has revealed plans for a new 4,000-capacity stadium to replace the club’s present home, which it only moved to in the year 2000. Te reason for the move is so that the club

can build “a centre of excellence for sport, health and wellbeing.” Te plans include a 4,000 capacity football stadium compris- ing 3,000 seats and 1,000-person capacity terracing that can be delivered in separate phases. Te proposal includes complemen- tary non-football related offerings including gym/leisure facilities, a hotel, conferenc- ing facilities, a restaurant, shop and offices, dedicated training facilities and addi- tional playing pitches for community use. Details:

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