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New plans submitted for major mixed-use development in York
Redesigned plans have been submitted for The Roman Quarter project in York, a major mixed-use development in the City Centre that includes a world class Roman visitor attraction.
Original plans for the project were recommended for approval by Officers but were refused by City of York’s Planning Committee in February 2021 and the development has been fully redesigned, taking on board feedback from the Council and other stakeholders.
It is now a “truly mixed-use development” including the Roman attraction – called EBORACUM – Grade A office space, an aparthotel and new homes. The project is a partnership between joint applicants Rougier Street Developments, owners of the site, and York Archaeological Trust.
Redeveloping Northern House, Rougier House and Society will be a major economic boost for York, delivering over £315m for the local economy over 30 years, as well as 625 new jobs for local people and a vibrant addition to the city’s cultural offer.
Architect Vincent & Brown has remodelled the plans and the vision is now made-up of two distinct buildings, that showcase the Roman attraction and breathe new life into Rougier Street.
The EBORACUM museum attraction will be a major addition to York’s economy, celebrating the city’s early Roman past and providing a major boost in the City’s visitor economy. It will also provide educational benefits and inspire the next generation of archaeologists and historians. The new attraction will be more than twice the size of the JORVIK Viking Centre, which the Trust has run successfully for over 35 years. In that time it has welcomed around 20 million visitors.Integral to the plans are a two-year archaeological dig that will be streamed across the world and will give the opportunity for every school child in York to take part. This landmark dig will help to tell York’s unique story and provide more information on the lives of previous generations.
This mixed-use scheme includes an 88-room aparthotel and 153 new apartments with both being run by ‘Beyond’ an innovative sustainable operator. The sites will be carbon neutral, minimise waste and use zero chemicals to clean to provide healthy spaces for guests, staff and the wider community.
An additional 25,000 sq ft of new Grade A Office space will complete the scheme, providing much-needed quality, modern office space in the heart of York city centre.
The proposed building will sit lower than its neighbours, the new Malmaison hotel, Aviva offices and The Grand Hotel.
The new proposals deliver vastly improved public realm with improved active frontages at ground level on Rougier Street. It will re-open a historic Roman street – Tanner Street – and provide a connection between Tanner’s Moat and Tanner Row, bringing a new vibrancy to this area with public open space and soft landscaping introduced.
A spokesperson for North Star, who are working alongside the applicants, said: “During the past year, we have worked closely with the Council and taken on board feedback to ensure that the new proposals offer as many benefits as possible and address the reasons for refusal.
“We are grateful for the feedback from the Planning Committee and have addressed the comments that the previous design was ‘monolithic’ by making the design more fluid and breaking up the massing of the development. The new plans retain the benefits of the original concept but in much improved design.
“These plans offer a once in a generation opportunity to regenerate this part of the City Centre, as well as creating a globally unique Roman visitor attraction, in a high-quality mixed-use scheme.”
David Jennings, Chief Executive of the York Archaeological Trust, said: “We are still very excited by this project, seeing how much the Roman Quarter can potentially contribute to York’s economy and future. Plans for the Coppergate Centre – including the basement attraction that became JORVIK – were approved at the second submission by members of a planning committee who shared the vision for an attraction that built on York’s heritage as part of a wider, mixed-use development. We would urge their counterparts to do the same.
“What is also important to recognise is that this is an incredibly rare opportunity: the location, quality of archaeological deposits and partnership of developer and archaeological charity is highly unlikely to be offered to the city again. The high cost of undertaking this work means that it needs a special commitment to realise the public value – without recourse to the public purse – that, like JORVIK before it, will give back to the community for decades to come.”
A decision on the plans is expected in the coming months.
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Harworth provides Year-end Trading Update for 2021
Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, is today providing a trading update in respect of its financial year ended 31 December 2021, ahead of the announcement of its Full Year Results on 22 March 2022.
The Company now anticipates that EPRA NDV as at 31 December 2021 will be ahead of current consensus1 as a result of Harworth’s strong operational performance throughout the year, good progress against the strategic objectives outlined in September 2021, and the impact of the tailwinds of a buoyant land and occupational market, particularly in the industrial & logistics sector, on its year-end portfolio valuation. Lynda Shillaw, Chief Executive, Harworth Group plc said: “Harworth continued its strong momentum in the second half, as we stepped into our ambitious strategy to double the size of the business over the next five to seven years, and continued to deliver places where people want to live and work. Our performance, combined with underlying market growth, has translated into a substantial year-on-year increase in EPRA NDV and Total Return. “In addition to the significant progress made during the second half across planning, direct development, lettings and land sales, we agreed terms for the conditional sales of our Ansty strategic land site and Kellingley development site, at significant premiums to book value. The proceeds from these sales once completed, alongside the larger senior debt facility we are currently finalising, should provide us with additional firepower to deploy across our development sites and near-term acquisition pipeline.” Harworth’s industrial & logistics pipeline2 as at 31 December 2021 totalled 28.2 million sq. ft (31 Dec 2020: 27.3 million sq. ft) of which 7.3 million sq. ft was consented. Highlights of the second half included: • exchanging on the conditional sales of a strategic land site in Ansty, Warwickshire for £53.5 million and the Kellingley development site in Selby, North Yorkshire for £54.0 million; • acquiring a strategic land site in Rothwell, Northamptonshire, with the potential to deliver 1.5 million sq. ft of Grade A industrial & logistics space; • signing two final lettings at Logistics North in Bolton, Greater Manchester, completing the development and triggering one-off promote fees; and • an £11.6 million land sale at Gateway 36 in Barnsley, South Yorkshire for the development of a 340,000 sq. ft logistics facility. Harworth’s residential pipeline as at 31 December 2021 totalled 30,804 plots (31 Dec 2020: 30,668 plots), of which 9,978 plots were consented. Residential land sales accelerated during the year, totalling 1,411 plots (FY20: 873 plots), across sites including: Moss Nook, Merseyside; Simpson Park, South Yorkshire; and South East Coalville, Leicestershire. The average sales price per serviced plot ranged from £30k to £73k (FY20: £37k to £70k). The Investment Portfolio continues to deliver robust operational metrics, with 99% of rents relating to FY21 now collected, and, as at 31 December 2021, the portfolio had a vacancy rate of 2.7% (31 Dec 2020: 4.5%) and a WAULT of 11.5 years (31 Dec 2020: 12.5 years). Harworth remains well-capitalised and continues to manage its cashflows sustainably. As at 31 December 2021, net debt was £25.7 million (31 Dec 2020: £71.2 million). The Company has recently agreed in principle a new debt package comprising a five-year £200 million revolving credit facility together with a £40 million accordion, provided by RBS, Santander and HSBC. It has credit approval from all three lenders and negotiation of the facility agreement is at an advanced stage. The Company intends to deploy both proceeds from sales and the funds provided by its new debt facilities to: deliver the 3.2 million sq. ft first phase of direct development that it has identified within its consented industrial & logistics pipeline; broaden the range of residential products across its development sites, including the launch of a 600-unit single-family rental product in 2022; and scale up its land acquisition and promotion activities. In the second half, the Company also made a number of appointments to enhance further its senior leadership team and deliver its growth strategy, including Andrew Blackshaw as Chief Operating Officer, Jonathan Haigh as Chief Investment Officer, Haroon Akram as Head of Strategy, Investment & Business Development and James Crow as Head of Mixed Tenure. These appointments bring significant expertise to the business and place Harworth in a strong position to deliver future growth. 1 Current analyst consensus for 31 December 2021 EPRA NDV per share is 189p, comprising four analyst forecasts ranging from 187p to 194p. 2 Includes Ansty strategic land site and Kellingley development site, for which sales had conditionally exchanged at year-endOpera North announces new trustees appointed to Board
Three new Trustees have joined the Board of Opera North, bringing to the Company’s governance significant experience across finance, arts and entertainment, and corporate law at a critical time for the arts industry.
Rachel Elwell is a qualified actuary and is the CEO of the Leeds based asset management company, Border to Coast Pension Partnership Ltd. Rachel is currently a Board member of the Investment Association and has previously worked for PwC and Royal London. Rachel lives in Hebden Bridge and has been a regular attender at Opera North for many years. Sarah Hall qualified as a Chartered Accountant with Touche Ross (now Deloitte) in Leeds, worked in audit there and subsequently with KPMG in Hong Kong before becoming a financial analyst with HSBC Securities. She had leadership roles in international stockbroking and has CEO experience of the media services industry. She was MD of Dewynters Ltd, the leading live entertainment marketing agency, and in 2018 served as the Interim Executive Director of the Young Vic Theatre. She has significant experience as a Trustee in the Charity/Arts sector and lives in Retford. Dominic Wallis has a background as a corporate lawyer and investment banker and 26 years of advisory work in Mergers & Acquisitions and Corporate Finance. Since 2014, he has been MD of Stephens Europe Ltd, Investment Bankers. His charitable activities embrace arts and education – he is a Trustee of the Saffron Hall Trust and of Uppingham School, where he is a Trustee, Chair of the Foundation Board and Chair of the Audit Committee. For a time, he was on the Development Board of the Orchestra of the Age of Enlightenment. He lives in Cambridge. Opera North is among the largest arts organisations based outside of London, with a diverse portfolio of artistic activity including full scale touring opera, a year-round programme of gigs, films, talks and family events in the Howard Assembly Room, and an orchestral concert season, in addition to wide ranging education and community partnership programmes. The Company is extremely proud to be the first opera company designated as a Theatre of Sanctuary and is also a leader in sustainability within the arts industry. Following the £18 million capital Music Works redevelopment project to transform the Company’s base in Leeds, which reopened in Autumn 2021, Opera North’s artistic, education and community work continues to develop in scope, ambition and diversity.