Investing in Science Parks Michael Donnelly Bonnie Dean.

Investing in Science Parks

Michael Donnelly

Bonnie Dean

090604APQuintain Estates& Development plcQuintain Estates& Development plc

Contents

Quintain Estates & Development plc

Quantum

The Investment Opportunity

Bristol and Bath Science Park


Quintain Estates and Development plc

Facts & Figures

Established: 1992, LSE listed: 1996

Gross Assets: £1.2bn (09/10)

Funds under Management: £1bn (09/10)

Gross Rental Income: £42.4m (09/10)

Gross Profit: £25.9m (09/10)

Executive Directors: 4, People: 181

Business Activities

Quintain Fund Management

- Quantum (Science Park Fund)

- Quercus (Healthcare Fund)

- iQ (Student Accommodation Fund)

- SeQuel (Secondary Property Fund)

-Urban Regeneration

- Wembley City

- Greenwich Peninsula

- Bioregional

- Regional Regeneration Projects


Quantum

50/50 Joint Venture between Aviva Investors and Quintain

Investments in Cambridge and Edinburgh

Bristol & Bath (SPark) under construction

Dedicated and experienced management team established

Further science park acquisitions under consideration


The Investment Opportunity

Imperative to develop the ‘knowledge economy’

Initiatives to encourage innovation, education

Corporates changing approach to R&D – outsourcing, collaboration, co-location and consolidation

Under-priced sector where scale and specialist asset management can release latent value

Fragmented market with substantial scale, opportunity for ‘first mover’ advantage

Strong Government support, but uncertainty in the transition from the RDA’s and financial pressure in the HEI sector.





55 acre site at Emerson’s Green, North Bristol

Planning permission for 820,000 square feet of occupied space First two buildings: SPark One and National Composites Centre under

construction

‘Gateway’ policy

Designed for an open and sustainable environment Site access Creative Common The Forum

£300M investment over 15 - 20 years of development

6,000 high value jobs


Aerial Photograph: Phase 1


An approach that works

Public/Private Partnership Getting the best mix between the public and private sectors Meeting of minds between local Government, presence of the Universities (the brains!)

and the entrepreneurial sector.

24 year impasse !!

Common objectives – A hub to enhance the economic strength of Bristol & Bath Open up access to cutting edge technologies A place designed to accelerate growth On-going commitment to building and operating in a low carbon and sustainable

environment Local management integrated into commercial, social and cultural life of the region

The 4th Space in the HEI eco-innovation system


Low carbon and sustainability challenges

Green field site

Existing natural eco-system

Changing technologies, changing national priorities – renewables

Future proofing the site


SPark one - Buildings

Exposed concrete slabs to provide the thermal mass to support natural cooling within the office areas.

Reinforced concrete incorporates recycled aggregates.

Significant proportion of steel reinforcement bars sourced from recycled materials.

Windows that open are included to provide natural ventilation. Improvement of u- and g-values in The Forum

Enhanced BMS controls and tenant sub-metering

First energy centre will be powered by a biomass boiler

Photo Voltaic cells will provide additional power to the building.


SPark one - Infrastructure

23,000 m3 of top-soil has been stripped and retained for re-use in new development.

36,000 m3 of excavated material has been processed for re-use as fill material for creating building platforms, formation levels for roads and paving and fill in foundations and drainage trenches.

Toptrec recycled pathways used throughout the communal areas.

Street lighting can be dimmed (individually or in sections) to match the time of year.

New bus shelter will be constructed from recycled timber and incorporates existing trees into it’s design


SPark one - Infrastructure

• New bridleway will be constructed from recycled material obtained from the site.

• Approx 2,200m of existing hedgerows have been retained.

• Bat poles and badger tunnels will be installed to allow animals to move around the site following established routes.

• Strategy of distributed energy centres down the site to take advantage of advances in technology.

• Infrastructure works designed to achieve a CEEQUAL Excellent certification.


Occupier Interest

• Two early occupiers: National Composites Centre and CFMS

• Embody Science Park raison d’etre

• Candidates for TIC status

Michael Donnellye: [email protected]: (0)20 7495 8968

Bonnie Deane:[email protected]: 07979 700310

Investing in Science Parks Michael Donnelly Bonnie Dean.

Documents

site slide

new development

quintain investments

years of development

development plc facts

consideration slide

design slide

bath science park