Team:

Planning and Development

Project:

Centre Point, London

Client:

Almacantar

Gerald Eve was appointed by Almacantar to secure planning permission and listed building consent for the retention and comprehensive refurbishment of the iconic Centre Point site.

Applications were submitted for the change of use from office to residential to create 82 new homes and over 7,000 sq m of high quality, mixed retail, floor space. The applications included the provision of affordable housing within a new self-contained block and also facilitated the creation of a new public piazza.

Gerald Eve’s development team provided viability advice in respect of the existing office use, the level of provision of affordable housing and the level of contribution towards other obligations.

Members of Camden’s Development Control Committee resolved to grant planning permission and listed building consent for the proposals.

Team:

Rating

Client:

David Lloyd Leisure

Changing hands three times en route, David Lloyd Leisure has since gone on to open nearly 110 more health clubs, both in the UK and across Europe, retaining a strong tennis influence within the brand.

For the 2010 Rating List, Gerald Eve’s Leisure team persuaded the Valuation Office that the changing consumer trends and market conditions, coupled with a stagnation in new development, merited significant reductions in value assessments. On behalf of the health and fitness industry, Gerald Eve headed negotiations that led to age and obsolescence allowances of up to 12.5% on all clubs built before 2005. We were also able to secure further concessions for the industry’s backmarkers, and agreed a framework for further valuation allowances to reflect changes in competition.

In total, our holistic rating service, historic rates audit and other services to DLL have recouped savings of more than £12m over the course of the 2010 Rating List. For a business with a focus on racquet sports, you could call it a great service and an even better return.

Team:

Rating

Client:

Costa Coffee

From one south London cafe opened by a pair of brothers in the 1970s, Costa Coffee has grown into an international operator. In the UK, their expansion in the last 10 years has been explosive.

In 2005, Costa operated 350 sites. Five years later, that had doubled, and by 2019, there were circa 1,400 company-owned stores.

Gerald Eve has provided business rates advice to Costa throughout this period of growth. This has involved lodging and undertaking all appeals, paying all of Costa’s rates, auditing the company’s rates history and lobbying on their behalf. Appeals are managed by specialist rating surveyors in each of our offices across the UK. We are also Costa’s outsourced property manager, and our London ratings surveyors sit right beside our property management team, receiving the latest information on the portfolio.

As a Costa barista might say, it’s a well-rounded service which has delivered a satisfying effect. During our time as Costa’s rating adviser, we’ve generated savings of around £9m since 2010.

Team:

Planning

Project:

Nova, Victoria, London

Client:

Land Securities

Gerald Eve secured permission for three planning applications on behalf of Land Securities plc for the comprehensive redevelopment of the Nova site, covering 2.5 ha in the heart of Victoria.

The £1.1bn development comprises approximately 130,000 sq m including nearly 85,000 sq m of offices, 1,200 sq m of shops, cafes and restaurants, 170 private and 35 affordable residential units together with a new library for Westminster.

The development also includes major new north/south and east/west pedestrian routes and facilitates the dispersal of buses from the congested Victoria bus station. It also includes the construction of Transport for London’s Victoria Station Upgrade proposal and significantly enhances public realm.

Gerald Eve led negotiations with Westminster City Council, the Greater London Authority and other key stakeholders. The scheme is one of the largest ever submitted to Westminster City Council.

Team:

Rating and Valuation

Client:

London Legacy Development Corporation (LLDC)

Gerald Eve are retained by the London Legacy Development Corporation (LLDC) to advise on rating strategy and valuation matters across the Queen Elizabeth Olympic Park.

The brief also includes complex budgeting advice on each individual venue, including advice on temporary usage, building works and structuring of occupational agreements.

The appointment follows a previous instruction with both the Olympic Development Authority (ODA) and LOCOG during the lead up to the 2012 Olympic Games, advising on individual appeals and mitigation of rates liability, through to handover to the LLDC.

Team:

Rating

Client:

Heathrow Airport

Heathrow Airport has the largest single rating assessment, and one of the most complex, in the UK. The assessment is larger than the entire rateable value of all properties within 285 of the 350 billing authorities in England and Wales.

Gerald Eve was appointed as sole rating adviser in 2011, a role which requires active dialogue with the Valuation Office and Billing Authority to deal with the almost daily changes to the 48.3 million sq ft of accommodation.

A major aspect of the contract is to provide budgeting and rates forecasting advice across the portfolio which is subject to significant change from redevelopment as the airport facilities are renewed and upgraded to meet the changing demands of airlines and passengers.