Project 1 of 5
The potential of
Hammersmith Grove
London

The 1.5 acre Hammersmith Grove property has lain fallow since it was used as a marshalling yard for the construction of the Hammersmith and City Line. Sites of this size adjacent to a London Underground station are a rare opportunity, particularly in West London, between the West End and Heathrow. Lyric Square has improved immeasurably as a public space, and we look forward to the prospect of extending this public realm.

Accommodation:

275,000 sq. ft. net

Office space on a 1.5 acre site

Key information:

Phase 1: 105,000 sq. ft. Office building to commence mid 2011

Phase 2: 170,000 sq. ft. Office building, timing to be determined

Funding:

to be determined

End value
Circa

£140
m

Project 2 of 5
The potential of
Hale Barns
Manchester

Constructed in the 1960s, the existing shopping centre has long failed to deliver the quality of retail provision required by the local community in this affluent suburb of Manchester. We acquired the property in March 2010. The planned redevelopment is anchored by Booths, which will attract further high quality retailers to the scheme.

Accommodation:

60,000 sq. ft.

Key information:

30,000 sq. ft. food store pre-let to Booths.

12,000 sq. ft. retail space

24 residential units

Planning:

Submitted January 2010

Funding:

to be determined

End value
Circa

£22
m

Project 3 of 5
The potential of
Stanground
Peterborough

HDD is developing a convenience retail centre as part of a new community at Stanground, South Peterborough. During 2010 we obtained planning consent for a 45,000 sq. ft. food store on part of the site, and this land has now been sold to Morrisons, who are proposing to develop an eco-store, with a high standard of environmental performance. HDD will bring forward plans for adjacent retail units during 2011.

Accommodation:

6.1 acres of land

Key information:

4.7 acre land sale, with planning for 45,000 sq. ft. food store completed February 2011

Planning achieved for a public house, children's day nursery and retail parade on the remainder of the site.

Funding:

Corporate funding

Project 4 of 5
The potential of
Manchester Arena Complex
Manchester

The Manchester Arena Complex, the largest indoor venue in Europe, was acquired in June 2010. The Arena offers key asset management opportunities to the Group and its joint venture partner, Patron Capital Partners.

Accommodation:

21,000 seat entertainment venue, 158,000 sq. ft. office accommodation

Key information:

30 per cent joint venture asset

Lease with venue operator regeared on acquisition resulting in a significant valuation uplift

Project 5 of 5
The potential of
Atlantic Village
Bideford

In 2008 we identified significant opportunities to enhance and expand this 102,000 sq. ft. factory outlet centre in North Devon, capitalising on the footfall from an adjacent new ASDA and introducing several high street brands. The case study sets out our asset improvement plans in more detail.

Accommodation:

102,000 sq. ft. retail floor space, 850 car parking spaces

Key Tenants:

Marks and Spencer PLC, GAP, Nike

Planning:

Application submitted for an 84,000 sq. ft. extension