Aberdeen Exhibition and Conference Centre Aberdeen Exhibition and - - PowerPoint PPT Presentation

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Aberdeen Exhibition and Conference Centre Aberdeen Exhibition and - - PowerPoint PPT Presentation

Oct 31, 2022 125 likes •405 views

Aberdeen Exhibition and Conference Centre Aberdeen Exhibition and Conference Centre 2 Progress to date and future projects David Anderson Managing Director Aberdeen Exhibition and Conference Centre 3 Our activity We operate nationally

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Aberdeen Exhibition and Conference Centre

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Progress to date and future projects David Anderson Managing Director

Aberdeen Exhibition and Conference Centre 2
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Our activity

  • We operate nationally via our six regional offices including our newly opened

Birmingham office.

  • Our multi-sector activity continues within the industrial & logistics, office,

retail & leisure and residential sectors, primarily on a demand led basis.

  • A high proportion of our schemes are joint ventures with both public bodies

and private landowners.

  • The majority of our projects are pre-let and / or forward funded.
  • Our retained investment property portfolio is currently valued at £130 million,

generating an annual rental return of over 7% p.a.

Aberdeen Exhibition and Conference Centre 3
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SLIDE 4 Aberdeen Exhibition & Conference Centre

Current and future projects

Our current projects have a total estimated GDV of £900 million including 360,000 sq ft

  • f industrial schemes at Markham Vale, Derbyshire, Luton and Southend. Residential led

projects in York, Manchester, Skipton and Huddersfield are delivering over 1,000 units. 315,000 sq ft of new pre-let and D&B schemes agreed in 2018 to date with a GDV of

  • ver £35m million.

8 new “near term” development projects secured over the last 12 months including 100,000 sq ft office development in Manchester and JVs controlling over 680 acres

  • f employment land in Wakefield, Sunderland, Enfield, Taunton, Walsall and Preston.

These schemes are capable of delivering over 8 million sq ft of space with a GDV of

  • ver £1 billion.
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Montagu 406 Enfield

Aberdeen Exhibition and Conference Centre 5 20 Year 50:50 JVC with London Borough of Enfield 29 acre existing employment site predominantly in the ownership of LBE Phased redevelopment providing c.650,000 sq ft of new industrial space Completed investment to be managed and retained by the JVC Initial development of 70,000 sq ft targeted for early 2019 Forecast GDV £130 million+
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IAMP North East

Aberdeen Exhibition and Conference Centre 6 JV with Sunderland City and South Tyneside Councils 370 acre employment site with the ability to deliver up to 4 million sq ft Adjacent to Nissan and targeted at the Nissan supply chain £40m LEP infrastructure funding with phase one commencing Q3 2018 Potential GDV of up to £450 million
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Nexus Business Park Taunton

Aberdeen Exhibition and Conference Centre 7 20 year drawdown option agreement Located at Junction 25 of the M5 motorway 146 acres gross with 65 acres of net developable land Allocated for industrial, business, showroom and ancillary uses Highways England funded infrastructure commences Q4 2018
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Nick Harris Director

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How did we get from here...

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...to here?

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Aberdeen City Council’s (ACC) development partner procurement process

19 June 2012 OJEU notice issued 20 July 2012 PQQ submission date 3 September 2012 Shortlisted bidders’ conference 4 September onwards Dialogue period begins 12 October 2012 Invitation to participate in dialogue 28 March 2013 Invitation to submit a detailed solution 26 August 2013 Final tender 6 January 2014 Formally announced as preferred development partner 4 March 2015 ACC approved the £333m spend on new facility 4 July 2016 Site purchased and contractor mobilised to commence construction

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AECC at The Rowett

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AECC at The Bridge of Don

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SLIDE 16 Aberdeen Exhibition and Conference Centre 16 Subterranean Space Anaerobic Digestion Plant Secondary Access/Egress Primary Site Emergency/Egress Surface Car Park Business Space (Class 4)/ Leisure (Class 11) Burn Parkland Business Space (Class 4)/ Leisure (Class 11) Energy Centre AECC Building Secondary Access/Egress Central Square Hotels (Class 7) Overspill Car Park/ Recreational Area
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Design evolution

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Phase 1 Development

AECC, Energy Centre (& Anaerobic Digestion Plant), Hotel 1 (Hilton by Hilton), Hotel 2 (Aloft by Starwood/Marriot) & all infrastructure works.

Phase 2 Development

  • 10 year development agreement on 30 acre business park adjacent to new AECC.
  • 10 year development agreement on 45 acre original AECC site now has planning

permission for 521 residential units.

  • Both activated upon completion of new AECC development.
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Nigel Munro Regional Project Manager

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Contractor Procurement

  • Two stage design and build route.
  • In depth contractor involvement in the design process, buildability

and value engineering advice.

  • Open book approach to the sub-contract tenders.
  • Contractor works with the client team and so less chance of

unpleasant surprises down the line.

  • Large fixed element.
  • Final price based on more design.
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Project overview

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£270m

Construction value Infastructure AECC Subterranean Hotel 1 Hotel 2 Energy Centre Total

£10m £148m £35m £18m £25m £270m £34m
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Construction challenges

  • Limited RRI access pre-construction
  • Extensive demolition
  • Utility diversion
  • Ground conditions and weather
  • Resources
  • Delivering on programme
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Construction challenges

Earthworks

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  • Topsoil strip – 150,000m3
  • Cut / fill – 400,000m3
  • Screening – 50,000m3
  • Crushing 10,000m3
  • Modification/stabilisation 100,000m3
  • Imported capping 30,000m3
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Resources

  • Oil industry factor but diminished
  • Geographical location
  • Affordable accommodation
  • Peak labour anticipated of 650
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Actual peak July 2018 of 780 achieved because:

  • Well run site
  • Good facilities
  • Profitable work
  • Accommodation allowances made
  • Prestige of the project
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July 2018

  • Despite the challenges the

project is on programme.

  • High level of confjdence that PC

will be on or before the target.

  • Works to complete.
Aberdeen Exhibition & Conference Centre 25 A D A O F J S J M N M J A Energy Centre Internal Fit Out Shell Hotels Hard and Soft Landscaping Snag/Test/Commission PC
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