The Liberty of Southwark - Funding Document

Core LONDON, FULLY CONSENTED, OFFICE LED, FORWARD FUNDING OPPORTUNITY

THE LIBERTY OF SOUTHWARK

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The Liberty of Southwark is an investment opportunity to fund U+I and TfL in the delivery of a 204,782 sq ft, ESG focused, mixeduse scheme that offers a brilliantly-located, value-driven product in one of London's most exciting and creative places.

THE LIBERTY OF SOUTHWARK

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AS WE EMERGE FROM LOCKDOWN THOSE SEEKING HIGH QUALITY FLEXIBLE OFFICE SPACE ARE LOOKING FOR SOMETHING DIFFERENT. FOR A THOUSAND YEARS PEOPLE HAVE MIGRATED SOUTH FROM THE CITY TO THE FREEDOM AND SPIRIT INHERENT IN SOUTHWARK. 2024 will be no DIFFERENT. THE LIBERTY OF SOUTHWARK

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The Liberty: EXECUTIVE SUMMARY

B RI L L I AN TLY LO CAT E D

1.7 AC R E S I T E

VI B R ANT MI X O F USES

OFFICE LED S CHEME

HIGH QUA LIT Y RESIDENTIA L

Situated at the heart of one of London’s most vibrant sub-markets, immediately to the south west of London Bridge Station and Borough Market.

A substantial site in the heart of Southwark with an 80m frontage to Southwark Street, 1 minute from London Bridge Station.

A scheme of three parts, the Liberty is an office-led development that will also deliver new residential, retail and workspace accommodation, as well as public realm improvements and a new local market with 9 stalls.

Led by a 159,874 sq ft landmark office building delivered to the highest environmental and occupational standards to meet post-pandemic occupier demands.

36 mixed tenure residential units, with de-risked package for affordable.

PR I ME D F O R D E V E LOP M E N T

29 9 Y EAR S P EP P ERC O R N

ES G

PUBLIC REA LM

THE RIGHT PA RTNER

The scheme received resolution to grant on 15 June 2020 and planning agreements are signed. The site is cleared and ready for development to commence.

Offered by way of a new 299 year peppercorn lease from TfL.

The building will be net zero carbon emissions in operation with low embodied carbon targets.

The development will include a wealth of high quality walkway and courtyard spaces as well as the newly landscaped Crossbones community garden.

Opportunity to partner with experienced regeneration and development specialist, U+I.

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A COMMITMENT TO THE HIGHEST ESG STANDARDS TfL and U+I have set themselves the highest Environmental, Social and Governance (ESG) standards.

Delivered in accordance with a Sustainable Development Framework, The Liberty will be a fully GLA compliant, ESG focused regeneration scheme, offering the end user the specification, flexibility and amenity demanded in a post-pandemic world.

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The Liberty: ESG Standards The Liberty will deliver innovative, modern, futureproofed buildings to create office and retail accommodation appropriate for the modern workplace alongside well appointed, highly specified and socially inclusive residential accommodation.

20 Southwark Street will deliver Net Zero Carbon emissions in operation and low embodied carbon in construction. In addition, the scheme will deliver the new Crossbones Gardens and approximately 50% affordable housing as well as extensive affordable and flexible workspace providing opportunities for a diverse range of small to medium enterprises.

ENVIRONMENT, S O CIAL IMPACT AND INCLUSIVIT Y

NET ZERO A N D C I RC U L A R ECONOMY

RES I L I EN C E A N D PA N DEM I C P RO OF DES I G N

H EA LTH , W EL L B EI N G A N D A M EN I T Y

•

•

Embodied Carbon Targets of:

•

Secure by Design

•

WELL v2 ‘Ready’

• Commercial 650 kgCO2/m2

•

Underfloor Air Displacement

•

• Residential 550 kgCO2/m2

•

•

Very low refrigerant GWP target

Exemplar Fresh Air Rates enhanced by 20% beyond BCO

Rooftop and Terrace Amenity to all levels

•

Enhanced biophilic strategy

•

Adaptive Comfort Enabled

•

Future Adaptation with Openable Windows

•

Cycle Storage and Changing Facilities

•

A variety of roof terraces, both publicly and privately accessible across the development

•

50% affordable housing

•

Modularisation and Offsite Manufacture

•

Affordable flexible workspace

•

Materials Passports

•

Variety of retail space (sizing varied to support a variety of businesses)

•

Over 1,600 new jobs

•

£158m additional economic output per year

•

512 new cycle spaces site wide

ENERGY

BIODIVE RS E

C ERTI F I CATI ON

S M A RT

•

•

Urban Greening

•

•

•

Biodiversity Net Gain

BREEAM ‘Excellent’ with aspirations for ‘Outstanding’

•

Native Habitat introduction, including a number of roof gardens across 20 Southwark Street and St Margaret’s Lane North, with circa 300 sq m of wildflower meadow habitats, bird and bat boxes and insect hotels

•

EPC Rating Minimum of ‘B’, Targeting ‘A’

Data Disclosure of Building Performance for Energy and Water consumption

•

Smart vehicle and Bike Charging

•

Wiredscore Target of ‘Platinum’

•

IP Backbone

•

Cloud based system

•

5G Ready via a Distributed Antenna System

•

THE LIBERTY OF SOUTHWARK

Greenspace at Crossbones Memorial Garden

All-Electric Development using Heat Pumps and Photovoltaics, Zero Emissions at Source District Heating 5th Generation Networks Ready

•

NABERS minimum 5 Star, targeting 6 Star

•

Energy Use Intensity (EUI) Targets of:

• Commercial target 60-70 kWhe/ m2(GIA)/year

• Residential target 35-45 kWhe/ m2(GIA)/year

•

Demand Response Adaptation

•

Incentivise and Encourage Occupant Responsible Behaviour

•

Opportunity for symbiotic exchange between Residential and nonResidential areas

• AirRated

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The Liberty: ESG Standards

B REE AM E XCEL L E NT C ERTI F I CATI ON

WIRE DS C O R E P L AT INU M C E RT IF ICAT I O N

W EL L V 2 R EA DY

5 STA R R ATI NG TA RGETED

EPC B

A I R R ATED

BREEAM is the world’s leading sustainability assessment method for masterplanning projects, infrastructure and buildings. It recognises and reflects the value in higher performing assets across the built environment lifecycle, from new construction to in-use and refurbishment.

WiredScore certification is a digital connectivity certification that rates the quality and resilience of digital infrastructure in buildings.

The WELL Building Standard is a vehicle for buildings and organizations to deliver more thoughtful and intentional spaces that enhance human health and wellbeing. Backed by the latest scientific research, WELL includes strategies that aim to advance health by setting performance standards for design interventions, operational protocols and policies and a commitment to fostering a culture of health and wellness.

The Design for Performance (DfP) initiative is an industry backed project established to tackle the performance gap and provide an approach, based on measurable performance outcomes, to ensure new office developments deliver on their design intent.

An Energy Performance Certificate (EPC) measures the energy efficiency of a property on a scale of A-G. Legislation currently requires a minimum of a Grade B by 2030.

An AirScore is a simple and reliable measure for Indoor Air Quality in the built environment. The latest sensor technology is used to monitor five key parameters for IAQ: humidity, temperature, PM2.5, TVOCs and carbon dioxide.

THE LIBERTY OF SOUTHWARK

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Waterloo Station 21 minutes

Bank of England 20 minutes

Cannon Street Station 15 minutes

Southwark Bridge 5 minutes

THE LIBERTY OF SOUTHWARK

Southwark Station 13 minutes

London Bridge 2 minutes

Borough Market 30 seconds

Tower of London 20 minutes

The Shard 2 minutes

Guy’s Hospital 2 minutes

Borough Station 7 minutes

London Bridge Station 1 minute

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Q U EEN ’ S PA RK

MOR NINGTON CR ESCENT

KI LBURN HI G H RO A D

The Liberty: Connectivity M A I D A V A LE

K ING ’ S C R O S S & S T P A NC R A S INT E R NA T IO NA L

SWISS COTTAGE

K I LB U R N PA R K

P A DDI N G T O N

MAR YL EBONE

E D G WAR E RO AD

RO AD & BA RN S BURY

H AMP STEAD

FI N C H L EY R OAD

DA LS T O N JUN C T IO N

HA G G ERS TO N

ST JOH N’S WOOD

EU S T O N

AN G EL

WA R WI CK A V EN U E

HO XTO N BETHN AL G REEN

ROYAL OAK

ON

The Liberty is fantastically connected, located within Zone 1 and benefitting from key mainline rail, London Underground, Thames riverboat and cycle facilities.

EU STON SQU AR E

GR EAT P OR TL AND STR EET

BAKER STR EET

EDGWAR E R OAD

WES T B O U R N E PARK

ST

ON

A C TO N

CI T Y

SHE PHERD ’S BUSH

NORTH

R EGENT’S P AR K

BA Y SW ATER

N T R AL

NOTTING HI LL G A TE

Access to London Bridge (Underground and Mainline Services) is located diagonally opposite the site, at the junction of Southwark Street and Borough High Street.

S O U TH

MAR BL E AR CH

QU EENSWAY

OXFOR D CIR CU S

R NH AM

G R EE N

The Shard

2 minutes

Shakespeare’s Globe S TA M FORD R A V EN S CO U R T

9E Aminutes RL’S

The Bank of England

C H M O ND

C A N N O N S TREET

11 minutes

W ES TF ERRY

MO N UM EN T

TO W ER G A TEW AY

London Bridge

W ES T IN DIA CH AR I N G C RO S S

SL OANE SQU AR E

ST JAMES’S P AR K

WESTMINSTER

Q UAY

MAN S IO N HO US E

BL AC KF RIARS

TEM PL E

RO THERHITHE VICTOR IA

SOU TH KENSINGTON

EMBAN KMEN T

C A N ARY W HARF

BERMO N D S EY LO N DO N BRI DG E

15 minutes

C A N AD A W ATER HERO N Q UAY S

19 minutes

WATER L OO

Borough

FULHA M BRO A D WA Y

PUT N E Y BRI D G E

MUDC HUT E

BO RO UG H

7 minutes

Monument

11 minutes

Southwark

13 minutes

Waterloo

21 minutes

IS LAN D G ARDEN S L AMB ETH NOR T H

I MP ER IAL WH AR F

DEPTF O RD

C UTTY S ARK EL EPHAN T & C A S TL E

N EW C RO S S G AT E

VAU XH AL L

F O R M ARITIM

N EW C RO S S

G REEN W I C H

E A ST PUT N E Y

SO UT HFI E LD S

WANDSWOR TH R OAD

Q UEEN S RO A D PEC KHAM PEC KHAM RY E

KENNINGTON OVAL

WI MBLED O N PA RK

THE LIBERTY OF SOUTHWARK WI M BLED O N

C RO S S HA RBO UR

SO UTHW ARK

1 minute

GR

S O UTH Q UAY

P IML ICO

PA RSO N S G RE E N

BL AC K W A

W A PPIN G

S URREY Q UA YS

STATI O N WAL KIN G T IM E S

PO PL A R

LI MEHO US E

WE ST BRO MPT O N

St Paul’s Cathedral

U N NE R SBURY

E W GARDEN S

S HADW EL L

H YDE P AR K COR NER

CO URT

WE ST K EN SI N G T O N

AL L S AIN TS

P ICCADIL L Y CIR CU S

30 seconds

PA R K

PA RK

TO W ER HILL

G LO U CESTER ROAD

CO URT

LA N G D O N

AL DG A TE EA S T

BA N K

S T PA UL ’S

L EICESTER S Q UARE

KNIGH TSBR IDGE BA RON S

ROOK TateB Modern

C I TY THAMES LI N K

DEV O N S RO

W HITEC HAPEL

AL DG A TE GR EEN P AR K

WA L K I N G T IM E S H A M M ER S M I T H

LI V ERPO O L S T REET

C HAN C ERY L AN E

TOTTENH AM COU R T R OAD

HI G H STR EET KE N SI NGTON

KE N SI N G T O N ( O LY MPI A )

Borough Market

RO AD

CO V EN T G ARD EN

GOL DHA W K R O A D

CTON

MO O RG AT E

H OL BO RN

BOND STR EET

L ANCASTER GATE

S H EPH ER D ’ S

B U S H M A R K ET

BO W BO W S T EPN EY C HURC H G REEN

WO O D LA N E

CTON

EN D

R U SSEL L S Q UARE GOODGE S TREET

HOLLAND PARK

A C TON

O L D S TREET

MI LE

S HO REDI TC H HI G H S T REET

LA T I M ER RO A D

WHI T E

BETHN AL G REEN

F A RRI N G DO N

WAR R EN STR EET

BA RBI C A N

LA D B R O K E G RO VE

EAST

HO MERTO N

LO N DO N F I ELD S C A MBRID G E HEATH

BRO C KLEY HO N O R O AK PARK

EL V ERSO N R F O RES T HIL L

CL AP H AM JU NCTION

CL AP H AM H IGH STR EET

CL AP H AM NOR TH

STOCKWEL L

L O UG HBO RO UG H J UN C TIO N

DEPTF O RD B

N UN HEAD

9 L EW IS HA M

S Y DEN HA M

C RO F T O N PEN G E W EST

PA RK

The Liberty: Frontier Territory The Liberty is situated within one of London’s most vibrant and dynamic sub-markets, London Southbank.

London Southbank perfectly combines culture and commerce to form a London district like no other, home to world-renowned art institutions (including Tate Modern and Globe Theatre), the tallest mixeduse office building in Western Europe (the Shard), a market dating back to 1014 (Borough Market) and high quality office and live/work accommodation in both modern and period developments.

This exciting area of London has continued to improve over the last decade with a combination of significant inward investment in large placemaking development schemes alongside notable infrastructure improvements. Indeed, the extension of the Tate Modern has cemented the Southbank’s cultural appeal, while London Bridge, Waterloo and Blackfriars station have all benefited from major upgrade projects.

In 2024, The Liberty of Southwark will place you at the heart of this inspiring melting pot.

THE LIBERTY OF SOUTHWARK

( CLO CKWISE FROM ABOVE) BOROUGH MARK ET, STONEY ST REET; SH AK ESP EA RE ’S G LOB E TH EATRE ; POT T ERS FIELDS PARK , T H E QUEEN’S WALK ; TATE M ODERN , B A N KS I DE

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The Liberty: LOcal Occupiers

ALD A LD G AT E

ST PAUL ' S

BAN K

COVE NT G A R D E N

LO CAL O C C UP IE R S M AN S I ON H O U S E

LON D ON BL AC K FRI A RS

AD

20

SO

2 5

13

21

UT

HW

AR

K S TRE

ET

S OUTH WA RK

ID O

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O A

D

24

WA

B BORO

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LO ND O N BR ID G E

23

14

19

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H

IG

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LO

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LA

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OAD UGH R

U 10 MIN

THE LIBERTY OF SOUTHWARK

Y S TR EE

16

BO RO UG H

TH

7

RK

BR LO

16

LE

AD

17

U

R

8

TOO

15

6

SO

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WESTMINSTER BRIDGE

BLACKFRIARS ROAD

23

8

4

WATE RLO O

AT

WESTMINSTE R

15

1

12

W

7

GE

20

RO

22

10

GE

14

5

11

22 6

18

GE

3

24

ID

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D STREET

R B R

G

FOR

WE

ID

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TA M

T

TO

BR

12

9

EE

BRID

O

NKMENT E MB A N KMENT

4

BR

LO

CH A R I N G CROS S CHA

19

RIA STR

DON

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11

21

N VIC TO

LON

AT

3

QUEE

E R O

W

13

TOWE R H I LL

CAN N O N ST R E E T

IDG

18

M O NU M E NT

RK

10

VICTORIA EMBANKMEN T

SOUT

2

17

T EMPL E

HWA

9

BLACKFRIARS BRIDGE

1

FE N CH U RCH ST R EE T

TES

11

The Liberty: NEIGHBOURS

8

ST PAUL ' S

ALD A LD G AT E

6 BAN K

S HO PPIN G

AD

4

UT

AR

1

S OUTH WA RK

1 CitizenM 2 DoubleTree by Hilton 3 Shangri-La Hotel at the Shard 4 The Hoxton Southwark

HW

15

K S TRE

3

1

11

12

TOO

2

9

Y S TR EE

3

7

T

3

3

14

3

LE

GE

6

ID

2

16

7

LO ND O N BR ID G E

13

18

RO BR

ID

GE

1

R

RK WA TH

U

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BO RO UG H

LO O

SO

AT

R

O A

D

BLACKFRIARS ROAD

W

BRIDGE

BORO

OAD UGH R

10

B

O

R

O

U

G

H

H

IG

H

S

T

R

E

E

LO

T

NG

LA

8 N

E

12

U 10 MIN

THE LIBERTY OF SOUTHWARK

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R B R

4

1

AD

WATE RLO O

T

DON

5

3

EE

LON

5

6

ET

RIA STR

BRID

IDG

HWA

E

SOUT

G

6

1 SO

N VIC TO

GE

E R O

ID

D STREET

HOTELS

QUEE

BR

BR

S

FOR

TOWE R H I LL

WE

BLACKFRIARS BRIDGE

5

7 TA M

2

CAN N O N ST R E E T

RK

1 3Tribes 2 Boom Cycle 3 Crossfit 4 Digme Fitness 5 Gymbox 6 The Fitting Rooms 7 Thirdspace

FE N CH U RCH ST R EE T

11

M O NU M E NT

5

O

1 BAO 2 Bermondsey ‘Beer Mile’ 3 Boot & Flogger 4 Brigadiers 5 Flat Iron Square 6 Flor 7 Hawksmoor 8 José 9 Maltby Street Market 10 Mercato Metropolitano 11 Monmouth Coffee Company 12 Padella 13 Restaurant Story 14 The Breakfast Club R WESTMINSTE 15 The Gentlemen BaristasW E S T M INSTER 16 The Rake 17 Tortilleria El Pastor 18 Vinegar Yard

F ITNES S & WE LLBEING

2

4

LO

NKMENT E MB A N KMENT

VICTORIA EMBANKMEN T

ER

E AT & D R IN K

M AN S I ON H O U S E

LON D ON BL AC K FRI A RS

AT

CH A R I N G CROS S CHA

1 Aesop 2 Borough Kitchen Cookshop 3 Hays Galleria T EMPL E 4 Neal’s Yard Dairy 5 Paul Smith 6 The Ginger Pig W

1 Bankside 2 Borough Market 3 City Hall 4 Omeara 5 Shakespeare’s Globe 6 St. Paul's Cathedral 7 Tate Modern 8 The Gherkin (30 St Mary Axe) 9 The Shard 10 Tower of London 11 Walkie Talkie (20 Fenchurch Street) 12 White Cube Bermondsey

4

TO

COVE NT G A R D E N

TH I N G S TO S E E & D O

2 9

17

TES

12

2

B O RO UG H M A R KET B O RO UG H H IG H STR E ET

9 THE LIBERTY OF SOUTHWARK

M A LTBY STREET M A RKET B ERM ON DS EY

13

12

15

PADELLA RESTAUR A N T S OUT H WARK ST R EET

T H E G E N T L E M EN BARISTAS U N IO N ST R E E T

3 THE LIBERTY OF SOUTHWARK

TH E B O OT A N D F LO G G ER P U B RED C ROS S WAY

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The Liberty: THE SITuation The Liberty occupies a prominent 1.7 acre site on Southwark Street, in the heart of London’s Southbank, one of London’s most vibrant and sought-after sub-markets.

Southwark Street runs between Borough High Street to the east and Blackfriars to the west, giving direct access to London Bridge and the City to the north and Borough and Elephant & Castle to the south.

The site has an 80m frontage to Southwark Street to the north, Redcross Way to the west and Union Street to the south.

The development will include the provision of substantial additional public realm with the creation of a new landscaped public space and a market place.

Crossbones Garden forms the southern section of the site which will be enhanced to create a memorial garden as part of the development.

THE LIBERTY OF SOUTHWARK

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THE LIBERTY OF SOUTHWARK

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The Liberty: DESIGN EVOLUTION

The design of the project has been informed by extensive consultation with key stakeholders including the London Borough of Southwark, the Greater London Authority, Transport for London as well as local residents, amenity groups and stakeholders. With place making and pragmatic planning at its heart, the design has sought to capture six key principles.

AP P ROP R I AT E M I X OF U S E S

A U NI Q U E NET WO R K O F ST R EETS A ND SPACES

CRO S SBONES G A RDEN, AVA IL A BLE TO A LL

Designed around 20 Southwark Street, providing residential enclaves and smaller scale workplaces at the centre of the site.

Delivering exemplar neighbourhood permeability, the scheme is arranged around a collection of new and reinstated pedestrianised streets and public spaces, linking Southwark Street, Union Street and Borough High Street.

In conjunction with the Bankside Open Spaces Trust and the Friends of Crossbones, the design incorporates and highlights the cultural and historical significance of the gardens.

RI CH U R BA N M I X OF ACT I V I T IES

VAR I ET Y O F WO R KSPACES

A SUSTA INA BLE PL ACE

Designed to promote a culturally dynamic and materially rich place to live, work and visit.

Designed for a mix of commercial occupiers with a rich mix of space configurations, sizes and specifications. Smaller flexible commercial accommodation and discounted affordable workspace will also bring a vibrant mix of occupiers across the site.

Critical to design are sustainability and ESG considerations. With passive design measures integrated from an early stage alongside a selection of active sustainable design choices.

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ST

RE

ET

BE

DA

LE

ST .

RO

DC

RE

ET

RE

S O U T H WA R K B R IDGE

ST

ET

LE

RE

RA

ST

TH

SS

W

AY

K

EY

R OA D

BOROUGH MARKET

N

R

O

Designed by award winning architects, Allies & Morrison, the scheme comprises four distinct elements:

PA

ST

The Liberty: Scheme Overview

20 S OUTHWARK STRE E T ET RE ST

H

IG

OU

WA RO DC

RA EA

T

YA R

YA

RD

D

H

H G

HI

GH

ST. MA RG A RET ’S LA NE S OUTH EET

O

RT

H

STR

LB

HA

UG

ON

TA

ITE

RO

BOROUGH

BO

UNI

WH

ST

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ET

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C ROS S B O N ES G A R DEN

AY E R

Newly landscaped areas will be provided across the site, including a new market place.

THE LIBERTY OF SOUTHWARK

ST. MA RG A RET ’S LA NE NORTH

SS S S TRE ET

S O U T H WA R K B R I D G E R OA D

FLAT IRON W O O DS YARD, C ROS SBO NE S SQUARE

O’M

Newly developed residential, retail and workspace accommodation across two interconnected buildings situated either side of St Margaret’s Lane, at the centre of the site.

G A RDEN AN D CALVE RTS YAR D M ARK E T

BOR

MARG ARE T ’S L ANE NO RTH AN D S O U T H

Y

ST

U

CA LV ERTS YA RD MA RKET GH

RE ST

HIG

WO O DS YA R D

ET

15 Southwark Street will be redeveloped behind a retained period façade to provide ground floor retail with four beautifully proportioned residential units over four upper floors.

LONDON BRIDGE

RO

15 S OUTH WARK ST RE E T

15 S OUTH WA RK STREET S O U T H WA R K S T R E E T H S T.

20 S O U T HWA R K ST R EET

BO

A new 159,874 sq ft Grade A office building, with ground floor retail fronting Southwark Street, arranged over basement, ground, and 8 upper floors with stunning upper floor terraces.

18

The Liberty: schedule of use

20 SOUTHWARK STREET USE

ARTISTS RENDER, VIEW LO OKING WEST

GIA

NIA

SQ FT

SQ FT

Office

177,331

144,839

Retail

13,776

13,314

229,133

159,874

GIA

NIA

USE

SQ FT

SQ FT

Retail

1,969

Affordable Workspace Other

SUB-TOTAL 15 SOUTHWARK STREET

Residential SUB-TOTAL ST MARGARET'S LANE (N&S) USE

Residential

Affordable Workspace

Market Storage SUB-TOTAL

MARKETPLACE USE

Marketplace Stalls SUB-TOTAL TOTAL

THE LIBERTY OF SOUTHWARK

1,841

36,184

15 Southwark Street

-

3,606

6,183

5,458

GIA

NIA

SQ FT

SQ FT

1,852

32,523

24,886

487

462

13,466

49,702

38,814

GIA

NIA

635

635

285,654

204,782

635

20 Southwark Street

1,721

4,214

16,693

St Margaret’s Lane (N&S)

635

19

20 southwark street: overview 20 Southwark Street will comprise a newly developed high specification Grade A office building, providing 159,874 sq ft, arranged over 10 storeys. With 80 metres of frontage onto Southwark Street and expansive roof terraces at floors four, five, six and eight, the scheme will provide stunning views over London Bridge and the Shard as well as to the south.

Highly flexible and capable of single or multi-occupation, the office accommodation will provide high specification, highly efficient space. Office floor plates will range from 24,400 sq ft to 3,672 sq ft allowing for significant occupational flexibility.

Approximately 14,051 sq ft of terrace and balcony space will be provided over first to eighth floors, providing stunning 360 degree views over London. The office accommodation will be accessible via a double height reception fronting Southwark Street.

The building will further deliver 13,314 sq ft of ground floor retail accommodation across eight units providing extensive frontage on Southwark Street, Redcross Way and Woods Yard.

The ground floor will provide a new double height walkthrough, known as Union Walk, with access to the market stalls and creative hub at the heart of the development.

THE LIBERTY OF SOUTHWARK

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A RT I STS R E N D E R O F O F FIC E LO BBY AN D CAF É

THE LIBERTY OF SOUTHWARK

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20 southwark street: schedule of uses FLOOR

USE

GIA (SQ FT)

NIA (SQ FT)

8TH

Office Balcony and Terrace (7,483)

6,472

3,672

7TH

Office Balcony (267)

17,932

14,146

6TH

Office Balcony and Terrace (1,514)

17,932

14,146

5TH

Office Balcony and Terrace (1,826)

24,470

20,257

4TH

Office Balcony and Terrace (2,256)

26,766

22,456

3RD

Office Balcony (267)

28,788

24,400

2ND

Office Balcony (267)

28,788

24,400

1ST

Office Balcony (171)

26,185

21,363

GROUND

Retail Affordable Workspace Reception / Loading Bay / Core

13,776 1,841 10,812

13,314 1,721 -

BASEMENT

Cycle / Plant / Back of House

23,628

-

Office Total

177,331

144,839

1,841

1,721

Retail Total

13,776

13,314

Plant and Ancillary Total

36,184

-

229,133

159,874

ROOF

Plant

Affordable Workspace Total

TOTAL

THE LIBERTY OF SOUTHWARK

1,744

-

Allies and Morrison

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A RT I STS R E N D E R O F 20 S O U THWARK STREET

THE LIBERTY OF SOUTHWARK

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THE LIBERTY OF SOUTHWARK

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20 southwark street: specification

20 Southwark Street has been designed to meet future occupational and sustainability requirements and offers exceptional flexibility and high quality systems and finishes.

340

2.8M

Typical office floor ceiling height of 2.8 metres on typical upper floors

Feature double height entrance lobby with full height glazing throughout

Occupational density of 1 person per 8 sq m

340 cycle spaces and 1 shower per 10 bike spaces*

Exterior terraces or balconies on floors 1–8 with feature roof gardens and terraces on floors four, five, six and eight

Cooling and heating ventilation provided by underfloor air displacement systems, delivering exemplar fresh air rates, 20% beyond BCO

Raised access floors with 150mm clear void on typical upper floors

Exposed ceilings giving occupiers flexible fit-out options

Fully flexible floor plates with sub-division potential

5

5 × 21 person passenger lifts 1 × goods lift 1 × fire fighting lift

THE LIBERTY OF SOUTHWARK

* Provided at basement level and partly shared with St Margarets Lane workspace. 512 spaces site wide, final number may vary.

25

A RT I STS R E N D E R O F T E RR AC E

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20 southwark street floorplans: GROUND FLOOR

REC EP TI ON F L EX I B L E WORKS PAC E RETA I L LOA DI N G B AY C ORE

Not to scale. For indicative purposes only.

THE LIBERTY OF SOUTHWARK

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20 southwark street floorplans: 2nd & 3rd Floors

THE LIBERTY OF SOUTHWARK

OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.

28

20 southwark street floorplans: 4th Floor

THE LIBERTY OF SOUTHWARK

OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.

29

20 southwark street floorplans: 5th Floor

THE LIBERTY OF SOUTHWARK

OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.

30

20 southwark street floorplans: 6th Floor

THE LIBERTY OF SOUTHWARK

OF F I C E F LO OR OU TS I DE S PAC E G REEN RO OF C ORE

Not to scale. For indicative purposes only.

31

20 southwark street floorplans: 7th Floor

THE LIBERTY OF SOUTHWARK

OF F I C E F LO OR OU TS I DE S PAC E C ORE Not to scale. For indicative purposes only.

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20 southwark street floorplans: 8th Floor

THE LIBERTY OF SOUTHWARK

OF F I C E F LO OR OU TS I DE S PAC E G REEN RO OF C ORE

Not to scale. For indicative purposes only.

33

A RT I STS R E N D E R O F T Y PICAL O F F IC E L E VEL Final Category A office fit out including ceiling treatment will vary

THE LIBERTY OF SOUTHWARK

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15 southwark street: overview 15 Southwark Street will redeveloped behind its retained façade to provide 3,606 sq ft of residential accommodation on four floors in four separate units.

It will also provide a 1,852 sq ft retail unit fronting Southwark Street.

Access to the residential units will be via a dedicated entrance in the courtyard to the rear, and retail and residential plant is located in the basement areas.

The four residential units provided at 15 Southwark Street are designated for private sale and will be completed to a high specification.

THE LIBERTY OF SOUTHWARK

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15 southwark street: schedule of uses

FLOOR

USE

GIA (SQ FT)

NIA (SQ FT)

3RD

Residential - Private

948

915

2ND

Residential - Private

948

915

1ST

Residential - Private

948

915

GROUND

Residential - Entrance Retail

469 1,302

1,186

BASEMENT

Retail

666

666

Residential Total

4,214

3,606

Retail Total

1,969

1,852

TOTAL

6,183

5,458

4TH

Residential - Private

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900

861

Allies and Morrison

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15 southwark street: In More Detail RE PAIRE D AND RE TAINE D FRONT AND RE AR FACADE

ONE RE SIDE NTIAL U NIT PE R FLO OR

NE W LY RE INSTATE D NORTH-S OU TH PAS SAGE WAY GROU ND AND BASE ME NT RE TAIL U NIT, W ITH RE AR G ARDE N RO OM E X TE NSION

THE LIBERTY OF SOUTHWARK

37

St Margaret’s LanE North and South: overview Arranged either side of St Margaret’s Lane, St Margaret’s Lane North and South will deliver a vibrant mix of retail, flexible workspace and residential accommodation.

Together, the new buildings will provide 13,466 sq ft of affordable workspace and 24,886 sq ft of residential accommodation across 32 units.

Abutting 20 Southwark Street to the north and arranged around a central courtyard St Margaret’s Lane North will comprise a newly developed eight storey mixed use building, arranged over basement, ground and seven upper floors providing affordable workspace on ground and part 1st floors and residential accommodation on part 1st floor and above.

Situated abutting the southern boundary of the site, St Margaret’s Lane South forms a low-rise block of affordable workspace and flexible commercial accommodation arranged over ground and two upper floors.

The buildings will be linked by a new foot bridge between the workspace accommodation at first floor level.

The Liberty will deliver 16 affordable housing units, with a mix of social rented and intermediate affordable units. Located within St Margaret’s Lane North, the units will be delivered in a ‘tenure blind’ manner, over first to fourth floors.

THE LIBERTY OF SOUTHWARK

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St Margaret’s LanE North and South: schedule of uses NORTH

SOUTH

FLOOR

USE

GIA (SQ FT)

NIA (SQ FT)

6TH

Residential - Private

3,170

2,917

5TH

Residential - Private

3,170

2,917

4TH

Residential - Private Residential - Intermediate

3,940

2,734 926

3RD

Residential - Social Residential - Intermediate

5,341

2,497 2,540

2ND

Residential - Social

5,341

5,038

Affordable Workspace

2,786

1,865

1ST

Residential - Social Affordable Workspace

2,638 2,705

2,400 2,683

Affordable Workspace

3,917

2,972

GROUND

Residential - Entrance Affordable Workspace

1,453 3,861

3,705

Affordable Workspace Core and Back of House Affordable Workspace Market Storage

1,137 2,287 487

2,240 462

BASEMENT

Residential Plant and Back of House

4,300

-

11,485

Affordable Workspace

10,127

7,077

32,523

3,466

Market Storage

487

462

9,935

TOTAL

10,613

7,539

6,566

6,388

39,089

31,275

7TH

Residential - Private

3,170

Residential - Private Residential - Intermediate Residential - Social Affordable Workspace TOTAL

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2,917

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St Margaret’s LanE North and South: schedule of uses

S OUTH ELEVATION - ST MARG ARET ’S L ANE

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EAST ELEVATION - CALVERT ’S YARD

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St Margaret’s LanE North and South floorplans: ground & 1st floorS

CALVERT’S YARD

1st

CALVERT’S YARD

G

WO R KS PAC E CO R E

UNION WALK

ST MARGARET’S LANE

UNION WALK

ST MARGARET’S LANE

RE S I DEN TI A L OUTS I DE S PAC E WO RKS PAC E CORE

Not to scale. For indicative purposes only.

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41

St Margaret’s LanE North and South floorplans: 2ND & 4TH floorS

CALVERT’S YARD

4TH

CALVERT’S YARD

2ND

R ES ID E N T IAL OU TS ID E S PAC E WO R KS PAC E CORE

ST MARGARET’S LANE

UNION WALK

UNION WALK

ST MARGARET’S LANE

RE S I DEN TI A L OUTS I DE S PAC E RE S I DEN TI A L TERR AC E

Not to scale. For indicative purposes only.

THE LIBERTY OF SOUTHWARK

42

Allies and Morrison

THE LIBERTY OF SOUTHWARK

43

WOODS YARD, CROSSBONES GARDEN AND CALVERTS YARD MARKET: PUBLIC REALM The Liberty will deliver new and extensive landscaped public realm, providing new garden, piazza and community spaces, with links across the site between Union Street, Southwark Street and Borough High Street.

Nine new market stalls will be located within Calvert’s Yard, aimed at attracting independent retailers, providing a sense of dynamism, permeability and connectivity through the wider site.

Crossbones Garden will provide a new publicly accessible community garden, respectfully reinvigorating the site with enhanced access and biodiversity, while retaining and protecting its historic and cultural significance.

THE LIBERTY OF SOUTHWARK

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ground floor activiation The ground floor of The Liberty will provide a vibrant mix of retail, restaurant and services, catering for the immediate office and residential catchment.

Treatments and services will ensure repeat business and a chance to engage with customers, whilst creating a sense of convenience and community.

Permanent and pop-up and market stalls will encourage emerging independent brands seeking short term representation, ensuring both a point of difference and a reason to visit.

G R O U N D F LO O R A R E A

NIA (SQ. FT)

20 southwark street

13,314

15 southwark street

1,186

calverts yard market

635*

*9 permanent stalls

THE LIBERTY OF SOUTHWARK

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PA DDI N GTON C EN TR A L LON D ON 10 & 12 H AMMERSMIT H GROVE LOND ON

U+I is a specialist mixed-use regeneration, development and investment company with a long history of working successfully in partnership with the public sector. We have a 26-year track record of change in the places where we build. Our mixeduse public private partnership regeneration projects take unloved and overlooked land and through clever design, planning and curation create places that deliver jobs, economic growth, homes, huge social impact and communities with a future.

P L U S X I N N OVATI ON H U B B RI G H TON

M ORDEN W H A RF G REEN W I C H CI RCU S ST R E E T BR I GHTO N

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M AY F IELD M ANC HESTE R

TH E OL D V I N YL FACTORY H AYES

46

U+I is a specialist regeneration developer, recognised for creative vision and entrepreneurial flair. It has a £10bn+ development pipeline (grown from approximately £2.5bn in 2015) of complex, mixed-use, community-focused regeneration projects in three regions: the London City Region – an area within a one-hour commute of central London – Manchester, and Dublin. (The company also has an investment portfolio with a capital value of £85m that is spread across the United Kingdom.)

U+I’s business model is to deliver returns through regeneration. The company realises profits by successfully transforming undervalued land and assets into new places that deliver social and economic value to a wide range of stakeholders.

THE LIBERTY OF SOUTHWARK

£10bn+

20,000

GDV IN OU R PIPEL INE

JOB S C RE AT ED BY 20 30

18,500

7m+ SQ/FT

NE W HOMES B U ILT BY 20 30

C OMMERC I A L S PAC E

26

40

LOCA L AU T HORI T IES IN WHIC H WE A RE AC T I V E

PRO JEC T S IN OU R PIPEL INE

1,000

£10.5BN

E V EN T S A ND C OMM U NI T Y AC T I V I T IES HEL D ON OU R ME A NWHIL E S I T ES

SOC IO EC ONOMIC VA LU E A DDED OV ER T HE NE X T 10 Y E A RS

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Delivery Team:

We have an experienced and determined team to lead the business and deliver value for all shareholders.

RIC HARD UPTON

MIK E H O O D

RO B S LO P ER

PAUL PATENA LL

H ENRI ET TA NOWNE

SA M JA RRET T

CEO

Managing Director

Development Director

Projects Director

Senior Development Manager

Head of Marketing

RichardUpton@uandiplc.com

MikeHood@uandiplc.com

RobSloper@uandiplc.com

PaulPatenall@uandiplc.com

HenriettaNowne@uandiplc.com

SamJarret@uandiplc.com

THE LIBERTY OF SOUTHWARK

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The Liberty: Project team

A well respected and established professional team has been instructed to help deliver a best-in-class, mixed use regeneration project, fit for modern post-pandemic occupier needs.

ARCH I TECT

SU STAINAB I L I T Y C ONSU LTAN TS

C OST C O N S U LTA N TS

B U I LD I NG A ND S ERV I CES ENGI NEER

PLA NNI NG CONSULTA NTS

Founded in 1984, Allies and Morrison is an award winning architecture and urban planning practice based in London, Cambridge and Dublin.

AECOM are listed on the Fortune 500 as one of the worlds largest infrastructure consulting firms with a focus on delivering sustainable projects.

Faithful+Gould is an integrated project and programme management consultancy, part of Atkins – a design, engineering and project management consultants.cy.

AECOM are listed on the Fortune 500 as one of the worlds largest infrastructure consulting firms with a focus on delivering sustainable projects.

Lichfields are a leading planning and development consultancy based in the UK, with over two hundred people operating from eight offices across the UK.

www.alliesandmorrison.com

www.aecom.com

www.fgould.com

www.aecom.com

www.lichfields.uk

THE LIBERTY OF SOUTHWARK

RI GH TS OF LI GH T/ PA RT Y WA LL CONSULTA NTS GIA is an independent firm of chartered surveyors and technical specialists. They offer services in rights of light and neighbourly matters and in the field of designing for daylight in increasingly dense cities.

www.gia.uk.com

49

The Liberty: OPPORTUNITY P RO P OSAL

L EG A L M AT T ER S

FUND I NG STRUCTURE

• We are instructed to seek a funding partner for the Liberty of Southwark.

• New 299 year long leasehold interest from London Underground Limited.

• U+I and TfL seek funding partner to acquire the long leasehold interest and fund development.

• Interested parties will be granted access to the Phase 1 VDR (access to Phase 2 Data Site in due course).

• Granted on site acquisition.

• All development costs to be paid by funder, in accordance with certified drawdown notices.

• Offers are invited for the long leasehold interest.

• Proposals shall set out the basis of forward funding.

• Financial models are included in the Phase 1 VDR. • Total construction and other costs anticipated as c £210m.

• Any proposals will include promote structure to U+I and TfL.

• Peppercorn rent.

• Summary of key legal provisions in data site.

• U+I will act as Development and Letting Manager with DM fee.

• U+I will manage procurement of project, including appointment of contractor.

• On full letting, U+I and TfL will benefit from promote payment on basis to be agreed.

• U+I have a negotiated position with an affordable housing provider to de-risk the affordable housing accommodation.

• U+I and TfL remain flexible on the structure of the residential element of the scheme.

THE LIBERTY OF SOUTHWARK

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The Liberty: Development timeline JU N 2021

ARC H A E O LO GY STU DY

R I B A STAG E 3 D E S IG N WO R K

P RO C U R E M E N T PRO C E S S

L E AS E D R AWD OWN

20 S O UT H WARK STREET CONST RUCT IO N P RO G R AM M E

15 S O UT H WARK STREET CONST RUCT IO N P RO G R AM M E

ST. M ARG ARET ’S LAN E C ON ST RUCT IO N P RO G R AM M E

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SEP 2021

DEC 20 21

MAR 20 22

J UN 20 22

SEP 20 22

DEC 20 22

MA R 20 2 3

S EP 2 02 3

DEC 2 02 3

MAR 2 024

JU N 2 024

S EP 2 024

DEC 2 024

MAR 2 02 5

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • v

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The Liberty: Readiness for Development THE STORY S O FA R

P RO CUREMENT STR ATEGY

• U+I were selected in June 2016 as as TfL’s joint venture partner to deliver a state of art mixed use scheme.

• A comprehensive programme for the delivery of the masterplan has been formulated and costed.

• U+I and TfL entered into a Development Agreement, dated 22 December 2017.

• The design has been completed to RIBA Stage 2+.

• After significant design work and stakeholder involvement, a resolution to grant planning permission was approved in June 2020. Planning Reference Number: 19/AP/0830.

• RIBA Stage 3+ design work commences in August 2021.

• All planning agreements have been signed.

• All third party matters have now been resolved, including:

• F&G have prepared a Stage 2 Design Order of Costs Report together with a comprehensive construction programme for the delivery.

• All relevant documentation is contained within the VDR.

• land assembly; • rights to light; • Network Rail Basic Asset Protection Agreement (BAPA) and Asset Protection Agreement (APA); and • vacant possession.

• U+I have appointed leasing agents and have early engagement with the market.

• Archaeology underway , with construction to start in Q1 2022.

• U+I and TfL have prepared a cleared site with construction to start in Q4 2021.

THE LIBERTY OF SOUTHWARK

52

THE LIBERTY IS AN INVESTMENT OPPORTUNITY WITH A THOUSAND-YEAR PROOF OF CONCEPT

1107

1270

1462

1550

1599

B IR T H OF T HE L IB ER T Y

A N IRRI TAT ION TO AU T HORI T Y

H U MOU RS OF T HE FA IR

B RIDGE WI T HOU T WA RD

PL E AS U RE S EEK ERS

Having been granted sole authority over ‘The Liberty of the Clink’, The Bishop of Winchester imposes order — and collects rents and fees from businesses, both legitimate and illicit...

The presence of hawkers beside the bridge, on land owned by the crown, provides stiff competition to the City of London.

Edward VI grants a royal charter to the Southwark Fair, a raucous affair attracting farmers, players and entertainers every September.

Most of Southwark’s somewhat lawless manors are incorporated as ‘Bridge Without Ward’. The Liberty of the Clink, however, retains its independence, as well as its reputation for ‘lax’ morals.

The Globe Theatre is built. Theatres came to the area for the same reason as other enterprises from the fringes of society did – because they were forbidden in The City.

THE LIBERTY OF SOUTHWARK

53

Southwark has always been a home for the outsiders — a sanctuary from the mainstream

1756

1762

1889

1987

2024

T HE T RI A NGL E

‘A N A F F RON T TO LONDON ’

L IB ER T Y NO MORE

S C H — OOM !

T HE L IB ER T Y L I V ES ON

Parliament declares the market south of the bridge must close, so local residents petition to start a new one — Borough Market has found a new home.

After 300 rowdy years, Southwark Fair is abolished. The lively and at-times unruly event had eventually come to last a fortnight each September.

The Liberty of the Clink is abolished, becoming part of the new county of London created within the metropolitan area.

Seminal nightclub Shoom, later credited as one of the birthplaces of the UK’s dance music scene, opens for the first time on Southwark Street.

S EN S AT ION S EEK ERS !

The Liberty of Southwark will continue to grant licence to the outlaw spirit of this extraordinary area. Its inhabitants will be Liberty Seekers – custodians of the spirit of Southwark.

THE LIBERTY OF SOUTHWARK

54

Southwark, from Roman outpost to last-ditch defence against invaders, from sanctuary for pleasure-seekers and libertines to the crucible of rave culture, this was always Londinium’s wild side.

THE LIBERTY OF SOUTHWARK

55

WWW.TH ELIBERT YOFS OUTHWARK .COM

JAMES GOLD SMITH

WILLIAM CL ARKE

HENRY TIMMIS

RASHEED HAS SAN

DIRE CTOR, CENTRAL LOND ON INVESTMENT

AS S O CIATE , CENTRAL LOND ON INVESTMENT

DIRE CTOR, CENTRAL LOND ON INVESTMENT

DIRE CTOR, CRO S S BORDER INVESTMENT

jgoldsmith@savills.com

wmclarke@savills.com

htimmis@savills.com

rhassan@savills.com

07870 555747

07969 509231

07972 000 248

07870 999 776

020 7409 9918

020 7330 8606

Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.

They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

020 7409 8915

020 7409 8836

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

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