CAMPBELL PARK NORTHSIDE MILTON KEYNES

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1 CAMPBELL PARK NORTHSIDE MILTON KEYNES

2 CAMPBELL PARK NORTHSIDE VISION FOR A CITY DESIGN THAT COULD INSPIRE A FUTURE MILTON KEYNES Illustration: Indicative image for illustrative purposes only. Project by C.F. Møller Sverige and Kjellander + Sjöberg.

3 EXCITING RESIDENTIALLY-LED, MIXED USE DEVELOPMENT OPPORTUNITY. Greenfield site of approximately 12 hectares (29.3 acres) Comprising F1, G1 and H1 between Marlborough Gate and the Grand Union Canal Oxford 42 miles Cambridge 47 miles London 53 miles Birmingham 69 miles Train Times (from Milton Keynes Central): Northampton 16 mins London Euston 35 mins Birmingham New Street 55 mins Leicester 91 mins Airports London Heathrow 75 mins Luton Airport 35 mins Birmingham Airport 73 mins Stansted Airport 74 mins (All distances and times are approximate) These particulars are intended only as a guide and must NOT be relied upon as statements of fact. Your attention is drawn to the IMPORTANT NOTICE on the last page of the text. THE OPPORTUNITY Milton Keynes Development Partnership (MKDP) is seeking Expressions of Interest and invites indicative proposals and offers to develop this significant residentially led, mixed use opportunity on the north side of Campbell Park. There is no fixed development brief for this prominent 12 hectare site and therefore MKDP is looking for an innovative longterm Strategic Development Partner to master plan, build and deliver a pioneering development. The developer may like to consider including high quality food and beverage outlets, quality office accommodation, and a premium hotel with a conference centre and spa. There are no restrictions on the storey height and there is the possibility of exceeding 10 storeys to create a feature gateway to Central Milton Keynes from the canal end of the site.

4 CMK Block Identification Plan

5 G1 F1 LOCATION Milton Keynes is located at the very heart of the UK, and is the epicentre point between London, Birmingham, Oxford and Cambridge. Its road and rail connections put you at the heart of one of the most dynamic regions in Europe. Just 35 minutes by train from Central London, the city offers global business opportunities without the stress and cost of being located in the capital. Milton Keynes is served by international airports such as London Heathrow, London Luton, London Stansted, Birmingham and East Midlands, all of which can be reached within 90 minutes. This extraordinary connectivity offers businesses direct access to one of the world s leading talent pools, makes it easy to do business across the UK and beyond, and puts 18 million consumers within a one hour drive. Milton Keynes is one of the fastest growing cities in the UK and home to over 700 companies. The city has attracted more than 500 inward investors and is home to some of the largest concentrations of North American, German, Japanese and Taiwanese firms in the UK. The city is consistently ranked at the top of economic benchmarking surveys. In 2015 Centre for Cities ranked Milton Keynes as number one for job growth in the last decade and number one location for start-ups outside of London. Experian ranked the city as the place with the best growth prospects for jobs and output for Milton Keynes is also Britain s fastest growing city by population. The population has grown 18% between 2004 and 2013 and the job base has expanded by 24,400, a growth of 16%. The City will support thousands of new jobs and widespread prosperity as: One of the most accessible city centres in the UK A vibrant and safe place to live An admired, prestigious city centre A home for people and organisations working to reduce their carbon footprint An inclusive place encouraging participation and interaction

6 H1 Location Plan There are still significant opportunities to be part of a visionary city and thriving community. The city centre is a magnet for premier business, retail and leisure occupiers and recent developments will enhance its reputation. Milton Keynes Development Partnership LLP (MKDP) is an independent legal entity wholly owned by Milton Keynes Council to facilitate Milton Keynes continued growth and economic success by promoting the development of its land assets in line with the Council s Plan and the MK Futures 250 Commission report - Making a Great City Greater. MKDP takes a commercial and entrepreneurial approach to sell and develop these assets with third party developers and investors. MKDP s development land bank comprises over 120 hectares (300 acres) suited to employment, residential and commercial leisure uses. For more information about MKDP:

7 PLANNING In March 2007, the Campbell Park Northside site received outline planning consent under Application Reference 04/00586/OUT for mixed use comprising the following: Up to 2400 residential units Up to 140,385 sqm office/retail space Up to 2366 sqm leisure/community uses Up to 6640 sqm live work units New marinas along the Grand Union Canal Some of this has already been delivered and further development is underway with Crest Nicholson. The Strategic Development Partner is encouraged to review this planning application and the Section 106 which can be found in the Knight Frank Data Room. It is envisaged that the Strategic Development Partner will bring forward its vision and plans for the site and submit a new planning application to the Local Planning Authority for their consideration.

8 Milton Keynes has the only Business Neighbourhood Plan in the UK which sets out a clear vision for developing Central Milton Keynes (CMK) which by 2026 will be the dynamic centre of one of the fastest growing regions in the southeast of England and the UK. MK s aspiration for the future as set out in the MK Futures 2050 report may also be a material consideration. THE DEVELOPER SELECTION With these ideals in mind, MKDP does not seek to pre-determine its potential Strategic Development Partner s vision for the site but, as a broad brush guide, the following are considered important: The Developer to bring forward comprehensive market-facing strategic vision for the whole site and promote through the planning process. Architectural excellence, innovation, solid environmental sustainability and high quality build are a pre-requisite to delivering a quality development to meet the balance between social and economic objectives. Long term continuity and commitment to develop and delivering the whole project is essential as it is the balance between creation of a vibrant new community and provision of a meaningful capital receipt. The design and delivery of the scheme will need to be carried out with the cooperation of the Local Planning Authority. Excellent communication will be required to ensure that policy requirements such as Affordable Housing, environmental stability, its parking provision and contribution to the improved transport network in the city can be incorporated into the scheme. KNIGHT FRANK DATA ROOM Further planning information can be found within a dedicated extranet site: default.aspx Username: CampbellPark Password: N0rthside759!

9 SELECTION PROCESS A staged tender process will be undertaken to find an appropriate developer for the scheme, with offers judged on the basis of the quality of the indicative design proposals and layout, together with the experience of the Tenderer on similar projects and the indicative financial offer. Stage I - Expressions of Interest Expressions of Interest which must include indicative offers for the whole development site to include sketch designs and scheme layout. Stage I bids will be assessed against the following criteria: a: 50% - experience on similar projects and financial standing. Evidence to be supplied. b: 30% - suitability and quality of designs and deliverability, including planning c: 20% - the financial offer and financial return to MKDP Stage II - Detailed Bids Depending on the level of interest and the quality of the proposals received, MKDP will invite 4-5 parties to prepare detailed proposals and firm up their financial offers. As part of the Stage II tender process, parties must invest heavily in presenting their masterplan and designs to the Board of MKDP. They will be considering layouts, land use, massing, elevation treatments, parking, affordable housing at a minimum, along with deliverability and capital receipt. A final criteria will be given to the Tenderers as part of their Stage II Information Pack. Proposed Deal Structure MKDP owns the freehold of the subject site and their preference is for the disposal of the long leasehold interest by way of an agreement to lease and building lease subject to a premium, ground rents and overage provisions. This is the standard approach that MKDP take with all of their sites, both large and small. Furthermore, developers are welcome to submit additional offers with alternative deal structures. The disposal process will be used to assess the best value for the site. Please note: MKDP reserves the right not to accept any bid. All costs incurred in this tendering process are at the Tenderer s risk.

10 SERVICES We understand that mains services are available to the site. However, it is the responsibility of the Prospective Purchaser to ensure that these services are available and adequate for the future use of the land. LOCAL AUTHORITY Milton Keynes Council: Civic Offices 1 Saxon Gate East Central Milton Keynes MK9 3EJ Tel:

11 LINKS & REFERENCES The recently released Milton Keynes: Making a Great City Greater report was published by the Milton Keynes Futures 2050 Commission. This journal outlines the roots of the proposed future for the city s growth to contribute to the nation s prosperity whilst leading by example as a smart, sustainable and clean economic hub. A copy of this can be found within Knight Frank s data room. The following links and resources are provided for your reference: MK Futures 2050 website: Previous stages in the Plan: MK process Plan: MK Topic Papers and consultation responses Consultation Statement: Vision Workshops Report:

12 Evidence Base documents: evidence-base-documents Core Strategy 2013: Local Plan 2005: Site Allocations Plan: site-allocations-pn Neighbourhood Plans: Local Transport Plan: National Planning Policy Framework and Planning Policy Guidance: FURTHER INFORMATION For further information, please contact any of the following persons: Residential Development Land David Fenton Partner Residential Development Land Jonathan Wish Associate (Main Contact) Residential Development Capital Tim Treadwell Partner (PRS)

13 Bridgeway House Bridgeway Stratford-upon-Avon CV37 6YX KnightFrank.co.uk Images shown are representative of Milton Keynes and the surrounding area. nthemarket.com IMPORTANT NOTICE 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing ( information ) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. 5. Viewing by appointment only. 6. Particulars dated April Knight Frank LLP is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members names.

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