Company format Lambeth SW 2 020 8348 8180
[Company format] Lambeth SW 2
020 8348 8180 Overview
Town Hall Section through new atrium Basement Plan First Floor Plan Ground Floor Plan Second Floor Plan
New Civic Office building Typical upper floor plan View along pedestrianised Buckner Road Main entrance atrium New office façade facing Brixton Hill Typical ground floor plan
Sustainability Proposals § § Our prime focus is to improve the Health & Wellbeing of the building users and to create a happy and stable community Low Carbon Design that meets the One Planet Living action plan: – The new Civic Office building is to be BREEAM “Excellent” – The whole Triangle site to benefit from a centralised gas CHP to generate electricity and hot water (boilers will run on bio diesel) – New homes to go beyond Code Level 4, exploiting Passivhaus principles – Zero waste with 95% construction waste by weight recycled – Sustainable transport – Local & sustainable materials – Local & sustainable food – Rainwater harvesting – Wildlife, habitat & biodiversity – Culture & community – Jobs & local community – Health, wellbeing & happiness
Surplus Sites Wanless Road Olive Morris House Hambrook House Ivor House
Affordable Housing Proposals § Affordable Housing calculated overall across all the residential sites: – Hambrook House – Ivor House – Wanless Road § Mix of housing including 5 x 4 bedroom family homes with private gardens § Discussions progressed with Family Mosaic HA, who fully support the scheme and offer
Financial Summary Output Template # Enterprise Centre Cost (incl CAT B and FF&E) £k Surplus land values £k Deficit (including CAT B + FF&E) £k 1 55, 490 13, 158 42, 332 2 55, 490 17, 870 37, 620 3 55, 490 16, 968 38, 522 4 55, 490 22, 908 32, 582 Please note: the above figures do not take account of proceeds from the sale of Phoenix House or Wynne Road
Commercial Summary § Phase 1: Enterprise Centre (new Civic office building and refurbishment of Town Hall), Hambrook House, Ivor House, Wanless Road § § § Phase 2: Olive Morris House Guaranteed minimum land values for each phase Prudential borrowing to fund Enterprise Centre → Maximum Commitment Land values from surplus sites offset → Maximum Deficit 3 month survey period after selection – Maximum Commitment ± 5% – Maximum Deficit ± 7. 5% § § Savings against Maximum Commitment: 80% of savings to Lambeth Revaluation at drawdown of Phase 1: 100% of upside to Lambeth Revaluation at drawdown of Phase 2: 100% of upside to Lambeth Overage: 50% of development surpluses to Lambeth
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