A 135,000 sq ft BREEAM Excellent Office Building The premier professional services office location in the centre of CARDIFF
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INTRODUCTION Rightacres is the exclusive developer of Capital Square Cardiff s new premier financial and professional services destination at the heart of the Cardiff Enterprise Zone that will set a new standard for city centre regeneration. The 800,000 sq ft development will be officeled, but with a mixture of uses, providing high quality commercial, civic, residential, hotel, leisure and retail space in a carefully planned and managed environment. Incorporating a contemporary integrated transport hub, Capital Square will afford unrivalled local and international transport links, the latest in sustainable design and a lively interaction of retail, leisure and public spaces. The first development, One Capital Square, a 135,000 sq ft (12,549 sq m) BREEAM Excellent office building is due for completion in autumn 2015. 3.
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THE VISION Rightacres, in conjunction with Cardiff Council, have created a powerful public/private partnership that will realise Capital Square s potential by transforming one of the Principality s most important urban regeneration sites into the region s premier financial and professional services centre. A contemporary integrated transport hub will be provided in the immediate vicinity of Capital Square. The redevelopment project will include unrivalled local and international transport links, the latest in sustainable design and a vibrant mix of business, retail, leisure and public spaces. Capital Square is a 21st century expression of business excellence aiming to set new standards for the future of Cardiff as a modern international city. Rightacres will be creating an exciting new cityscape set in a lively and dynamic public realm that will be planned and finished to international standards. The project aims to leverage and endorse Cardiff s status as an international commercial and economic capital. No other city offers such a wide range of business location benefits and Capital Square is set to become the capital s new commercial and social hub. 8.
Elec 3.30 m² Store 1.58 m² Mech 01 4.41 m² Female 31.38 m² Corridor 9.74 m² U Fire Lobby 15.16 m² UP IT Riser 0.91 m² Elec 3.30 m² Store 1.58 m² Mech 01 4.41 m² Male 22.51 m² Female 31.38 m² Corridor 9.74 m² Dis WC 3.30 m² Fire Lobby 15.16 m² Cleaner 3.28 m² Landlord 2.14 m² Lift lobby 37.07 m² DN UP 1500.19 m² Mech 03 3.24 m² Office Space IT Riser 0.91 m² Elec 3.30 m² Store 1.58 m² Mech 01 4.41 m² Male 22.51 m² Female 31.38 m² Corridor 9.74 m² Dis WC 3.30 m² DN UP Fire Lobby 15.16 m² Cleaner 3.28 m² Landlord 2.14 m² Lift lobby 37.07 m² Mech 02 3.24 m² Mech 03 3.24 m² UP DN UP Rightacres acquired the one acre site in may 2013. There is currently planning consent for two hotels on the site but having talked with the city planners, an office development of the scale we are proposing would be acceptable to the council planning officers. 1 AX 01 2 AX 02 THE SITE Rightacres has been working with leading UK engineering consultants ARUP over the past six months to prepare ground investigation factual and interpretive reports, existing utility information, agreements with Network Rail and acoustic studies The site is owned freehold by Rightacres and has been prepared ready for construction. PLANNING Rightacres have submitted a full planning application in February 2014 and they expect to secure a detailed consent in April 2014. Having announced the Capital Square development, the politicians are keen to see progress on site and One Capital Square will be the first new development within the Cardiff Enterprise Zone and as such will be fast tracked for a planning approval. The Council has been closely involved with the design of the new building as part of the overall master plan for Capital Square. DEVELOPMENT PROGRAMME The 72 week construction programme will begin in May 2014. The programme will allow tenants to open for business in One Capital Square by October 2015. 9.
STAFF BENEFITS LOCATION LOCATION LOCATION Accepted universally as the most important component in any property selection decision. Question: Why will Capital Square provide professional and financial service companies with THE best location for their new offices? Answer: Because Capital Square will unquestionably provide clients and visitors with the most convivial, convenient and safe environment in the centre of Cardiff in which to work and enjoy life. 10.
LOCATION LOCATION LOCATION...fitness...transport...relaxation Cardiff Council and Rightacres have engaged an experienced team of consultants to master plan the future layout and mix of property uses for Capital Square. Capital Square will be at the commercial heart of the capital city, linking the Central Station transportation hub with the iconic Millennium Stadium and with the vibrant retailing areas from the Victorian arcades through to the state of the art St David s 2 Centre. New offices in the centre of Capital Square will be synonymous with this futuristic scheme, which will project Cardiff to become one of the most recognized capital cities in Europe. The profile of the offices will be immense. To the millions of people who pass through the centre of Cardiff yearafteryear for their business, pleasure and retailing pursuits, One Capital Square will be unavoidable. Network Rails intention to commit significant capital expenditure on the expansion and enhancement of Cardiff Central Station, will certainly be a significant added benefit to the Capital Square location. It will transform the experience for rail passengers arriving in and departing from Cardiff and One Capital Square will undoubtedly benefit from its adjacency. 11.
LEVEL 1 (SEMIBASEMENT) VEHICLE ACCESS/ EGRESS The semibasement contains 48 car parking spaces together with 95 bicycle stands and associated male and female changing rooms and showers sized to meet BREEAM Excellent standards. Also contained within this space are the buildings bin and recycling areas together with certain plantrooms containing standby generation, LV switchgear and the like. Vehicular access is via the main ramp in the western elevation with pedestrian access via the central core in the northern elevation. 12.
LEVEL 0 GROUND FLOOR The double height entrance foyer is accessed from Central Square off the raised external podium on the northern side of the building. The entrance foyer houses the building s reception and security functions together with controlled access to the central core. A cafe area adjoins the entrance foyer providing space and facilities for informal meetings, functions etc. Back of House space includes a kitchen and a dedicated tenant comms area that can be discreetly accessed directly from the main core. 13.
LEVEL 1 A double height void over the entrance foyer visually connects Level 0 and Level 1. The office floorplate at this level is connected via a balcony that looks into the ground floor entrance space, onto the podium area and beyond. The shorter wing of the building is angled producing an external terrace which affords views towards the Millennium Walk and the river. 14.
LEVELS 27 Each typical floorplate (levels 27) provides circa 16,549 sq ft (1538 sq m) of Net Lettable space arranged around a central core. Two staircases are strategically located to allow interconnectivity between each floor plate and to maximise the flexibility for future sublettings. 15.
LEVEL 8 The building s uppermost floorplate consists predominantly of office space. Sitting on the lower triangular roof is a separate office space with a dedicated link to the main core. This space, together with its associated terracing could be used for functions, as a meeting room suite, boardrooms etc. 16.
FUTURE SUBLETTING Given the centralised location of the main core and the escape staircase, each typical floorplate (levels 27) is capable of being sublet in a number of configurations. A typical sublet option as illustrated on this floor layout plan would provide: Unit 1 5468 sq ft (508 sqm) Unit 2 7664 sq ft (712 sqm) Unit 3 3175 sq ft (295 sqm) 17.
HOW THE BUILDING FUNCTIONS The building operation is generally controlled at ground floor entrance level. Building User The building user will enter the building at ground floor level via the main entrance doors and proceed to the control point. A security pass will provide access from this point into the lift lobby. Users arriving by car or bicycle will park at basement level. A security pass will provide access from this point into the lift lobby. Building Visitor Any visitor to the building will enter at ground floor level via the main entrance and proceed to reception. A temporary security pass will be issued at reception providing access through the control point into the lift lobby. Post Deliveries Post deliveries will enter the building at ground floor level via the main entrance revolving doors and proceed to reception. Post will be taken from here to the post room beyond reception. 18. Security / Administration The Security / Administration room is situated behind the building reception desk. From this point building staff can gain secure access into the lobby, cafe, core and back of house areas.
PARKING STRATEGY INCLUDING BICYCLE PARKING & SHOWER/CHANGING FACILITIES All parking facilities for both cars and bicycles are provided at basement level. Access to this level is provided via an external ramp with security barrier access in the western elevation of the building. CAR ACCESS Car Parking 48 car parking spaces (including disabled) are provided within the basement. Each parking space will be 2400mm wide by 4800mm deep. Along the southern elevation the car parking spaces project 1400mm beyond the building footprint this area is protected above. Bicycles Stands are located at the northern side of the basement to cater for 95 bicycles. From this point the building user can gain convenient access into the building core and into the designated female and male changing rooms where showers are provided. The bicycle and shower provision aims to meet the requirements of BREEAM 2011. Shower / Changing Facilities Male & female shower and changing facilities are provided adjacent to the bicycle stand area. PARKING 19.
NET LETTABLE FLOOR AREAS The schedule below sets out the extent of the net lettable office floor areas within One Capital Square. The flexibilities for subdividing individual floors is referred to on page 17 above. Level 8 = 1,296 sqm (13,945 sqft) Level 7 = 1,538 sqm (16,549 sqft) Level 6 = 1,538 sqm (16,549 sqft) Level 5 = 1,538 sqm (16,549 sqft) Level 4 = 1,538 sqm (16,549 sqft) Level 3 = 1,538 sqm (16,549 sqft) Level 2 = 1,538 sqm (16,549 sqft) Level 1 = 1,157 sqm (12,449 sqft) Level 0 = 868 sqm (9,340 sqft) Total NIA = 12,549 sqm (135,027 sqft) 20.
INDICATIVE SERVICE CHARGES Client Name: Property Name: Rightacres Property Co Ltd One Central Square, Cardiff PM&A Property Reference: Service Charge Budget Year Start: Service Charge Budget Year End: 01/01/2014 31/12/2014 2014 Next Budget Current Budget Previous Actuals SCHEDULE 1 SCHEDULE 2 Comments for Future Reference (Not used in model) COST CLASS COST CATEGORY DESCRIPTION PM&A 2014 2013 2012 Main Utilities Management Fee Management Commission 1505 30,000.00 30,000.00 Fixed fee Accounting Fees Professional Fees Audit 1406 2,250.00 2,250.00 Fixed fee Management Salaries 1301 40,000.00 40,000.00 Cost of full time Building Manager Staff Training 1313 1,500.00 1,500.00 MANAGEMENT Site Management Management Office Running Costs 1320 6,000.00 6,000.00 Resources Facilities Management Resource 1327 7,500.00 7,500.00 General Help Desk Fees 1341 1,500.00 1,500.00 24/7/365 call desk Health, Safety & Health & Safety 0902 3,500.00 3,500.00 Maximo H&S management system, FRA, Water and UTILITIES SOFT SERVICES HARD SERVICES INSURANCE EXCEPTIONAL Electricity Gas Water Security Cleaning and Environmental Marketing & Promotions Mechanical & Electrical Maintenance Lift & Escalator Maintenance Fabric Repairs & Maintenance All Risks Insurance Cover Major Works Electricity Charges 0306 90,000.00 90,000.00 Assuming central AHU plant common but FCUs tenants Electricity Procurement/Consultancy 0310 2,000.00 2,000.00 Cost of calculating recharges Gas 0308 70,000.00 70,000.00 Rates Water Common Parts 1210 20,000.00 20,000.00 Contract Security 0103 100,000.00 100,000.00 24 hr cover Cleaning Contract 0202 80,000.00 80,000.00 Assuming WCs in common parts Cleaning Materials 0209 10,000.00 10,000.00 Pest Control 0211 2,000.00 2,000.00 Roof top gull and pigeon control Refuse Collection General 0213 15,000.00 15,000.00 Maintenance Int Plants/Flowers 0512 5,000.00 5,000.00 External Landscaping Contract 0602 10,000.00 10,000.00 Seasonal Decorations 5003 1,000.00 1,000.00 Christmas tree Air Conditioning Maint. Contract 0402 80,000.00 80,000.00 Cost beyond Y2 after warranties Mechanical & Electrical Misc 0420 20,000.00 20,000.00 Cost beyond Y2 after warranties Lifts Maintenance Contract 0702 5,000.00 5,000.00 Lifts Repairs 0705 2,500.00 2,500.00 Maintenance External Repairs 0510 7,500.00 7,500.00 Cost beyond Y2 after warranties Fabric Repairs Internal 0515 7,500.00 7,500.00 Cost beyond Y2 after warranties Public Liability 1135 3,000.00 3,000.00 Legal & Professional Fees 1405 3,000.00 3,000.00 Total Floor Area of Property = For VAT Purposes, the property is: TOTAL 625,750.00 0.00 0.00 463,750.00 162,000.00 136,738 sq.ft TOTAL PER SQ.FT. 4.58 0.00 0.00 3.39 1.18 12,702.96 sq.m TOTAL PER SQ.M. 49.26 0.00 0.00 36.51 12.75 Demised Electricity 0.00 0.00 0.00 0.00 0.00 Elected Total plus Demised Electricity 625,750.00 0.00 0.00 463,750.00 162,000.00 Basis of Management Fee Calculation: Basis of Insurance Recovery: FIXED DIRECT RECOVERY 21.
THE PROFESSIONAL TEAM THE DEVELOPER PROPERTY CONSULTANTS ARCHITECTURAL CONSULTANTS Rightacres Helmont House Churchill Way, Cardiff CF10 3PN DTZ Marchmont House Dumfries Place Cardiff CF10 3RJ RIO Architects The Studio 21a Allensbank Road Cardiff CF14 3PN Paul McCarthy Email: paul@rightacresproperty.com Office: 029 2022 0767 Mobile: 07768 601717 Rhys James Email: rhys.james@dtz.com Office: 029 2026 2250 Mobile: 07850 264066 MECHANICAL & ELECTRICAL ENGINEERS McCann & Partners Faraday House Terra Nova Way Penarth Marina Penarth CF64 1SA 22. STRUCTURAL, CIVIL & ACOUSTICS ENGINEERS ARUP 4 Pierhead Street Cardiff CF10 4QP
Helmont House, Churchill Way, Cardiff CF10 3PN