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Bruntwood reports strong financial results following year of transformational growth

Bruntwood relatou fortes resultados financeiros após um ano de crescimento transformacional.

Bruntwood relatou fortes resultados financeiros após um ano de crescimento transformacional. No contexto de incerteza política e econômica sem precedentes, o principal grupo de propriedades revelou planos para novos desenvolvimentos emblemáticos e investiu na reforma de ativos existentes no norte e na Midlands. Reino Unido. £ 1,3 bilhão a £ 1,4 bilhão. Foi alcançado o lucro antes dos impostos de £ 52 milhões. Isso caiu no ano anterior, mas à frente das expectativas e reflete a natureza re-riscada do grupo, pois a porcentagem do capital da empresa alocada ao desenvolvimento foi reduzida para um terço do nível do ano anterior, em grande parte, como resultado da introdução de Scitech Legal & Geral como um parceiro JV. Os fundos dos acionistas subiram 8%, para £ 614m. Investimos um valor recorde na criação de lugares para as empresas prosperarem, refletindo nossa crença na força subjacente e potencial de grandes cidades como Birmingham Liverpool, Leeds e Manchester. itens. ”

The results for the year to the end of September represent the first financial period since the group created Bruntwood SciTech, a 50-50 joint venture with Legal & General, to develop a network of innovation districts across the UK.

The creation of Bruntwood SciTech and the launch of Bruntwood Works – a new brand for its core office business – allowed the group to better respond to its customers’ increased and diverse expectations, and strengthened its ability to deliver its purpose of creating thriving cities.

Turnover for Bruntwood Group Limited rose 16.6% to £160.1m, whilst the total value of its assets under management increased from £1.3bn to £1.4bn. Pre-tax profit of £52m was achieved. This was down on the prior year, but ahead of expectations and reflective of the re-risked nature of the group as the percentage of the company’s capital allocated to development was reduced to a third of the level of the previous year largely as a result of the introduction of Legal & General as a JV partner.

Profits included £10m for Bruntwood SciTech following a successful first year for the joint venture. Shareholders’ funds rose 8% to £614m.

Chief Executive Chris Oglesby said: “At Bruntwood we are relentless in our passion to support our customers and to work closely with our civic and academic partners to help them grow by unlocking economic opportunities through the development of their property assets.

“In a year where the UK saw a sharp fall in inward investment as a result of the uncertainty over Brexit, we invested a record amount in creating places for businesses to thrive, reflecting our belief in the underlying strength and potential of great cities like Birmingham Liverpool, Leeds and Manchester.

“While we invest for the long-term, and never judge our performance in the context of a single year’s figures, these are strong results following a record year where our profits were buoyed by a number of one-off exceptional items.”

Resultados do primeiro ano para a Bruntwood Scitech Limited mostrou lucros antes de impostos de 10,1 milhões de libras e ativos líquidos de £ 240,6m como resultado de 12 meses de progresso significativo sendo feitos no desenvolvimento da Circle Square, CityLabs 2.0 e Alderley Park. Liverpool e Liverpool John Moores University e

The company was appointed as 25% shareholder in Sciontec Liverpool, alongside partners – Liverpool City Council, the University of Liverpool and Liverpool John Moores University, and
Anunciou o Próxima fase do campus da inovação de Birmingham, com o desenvolvimento dos 120.000 pés quadrados, Enterprise Wharf, Devido à abertura em 2021.

O desenvolvimento também continuou na Circle Square, no distrito de inovação de Manchester Oxford Road. Os planos foram anunciados no início deste ano para apresentar o desenvolvimento da Circle Square No.3, um edifício comercial de 15 andares de 220.000 pés quadrados, até março de 2020, enquanto a KPMG estabeleceu um novo centro de inovação no Manchester Technology Center.

CityLabs 2.0 liderado em setembro de 2019 e abrigará a empresa global de diagnóstico molecular Qiagen como parte de um novo campus de genômica e medicina de precisão. Após o sucesso do CityLabs 1.0 e 2.0, a permissão de planejamento foi concedida para o desenvolvimento de £ 50 milhões do CityLabs 4.0 para criar uma capacidade adicional no campus. A reconstrução de 150.000 pés quadrados de Glashouse que oferece espaço de coworking, manutenção, gerenciado e arrendado para empresas inovadoras e inovadoras, deve ser lançado em fevereiro de 2020.

At Alderley Park, a £10m investment into new biology and chemistry labs was announced, whilst a new coworking space, gym and sports complex also launched. The 150,000 sq. ft. redevelopment of Glasshouse offering coworking, serviced, managed and leased space for forward-thinking, innovative businesses is set to launch in February 2020.

= 2019 também foi um ano de evolução para a Bruntwood Works, que lançou seu programa de £ 50 milhões. The building transformation scheme is reinventing a number of its landmark buildings across the North and Midlands including 111 Piccadilly and Blackfriars to create environments focused on offering market leading innovation and amenity.

Bruntwood Works’ joint venture with Trafford Council saw the redevelopment of the former Kellogg’s HQ building reopen as new university UA92 whilst further plans have since been revealed for investment in housing, Uma nova escola primária e espaço comercial. Em outubro, a Bruntwood Works estendeu a joint venture - com a aquisição de 50 milhões de libras do Stretford Mall e Stamford Quarter em Altrincham, um investimento que enfatiza o compromisso da empresa com a regeneração do centro da cidade e o papel que eles desempenham para ajudar as comunidades a prosperar. Ano. que visa melhorar a sustentabilidade do estoque de edifícios comerciais existentes. Para ajudá -los a atrair e reter o melhor talento. O compromisso de longa data de Bruntwood em apoiar as comunidades viu o grupo e o Oglesby Charitable Trust, doar mais de 5 milhões de libras para instituições de caridade e iniciativas locais que trabalham em várias áreas, incluindo sustentabilidade ambiental, artes, pesquisa médica, educação e desigualdade social. Downtown in Business

The partnership with Trafford Council has continued to evolve. In October Bruntwood Works extended the joint venture – with the £50m acquisition of Stretford Mall and Stamford Quarter in Altrincham, an investment that underlines the company’s commitment to town centre regeneration and the role they play in helping communities thrive.

Reflecting the continued growth of Bruntwood and its focus on recruiting and nurturing promising talent, employee numbers increased by nearly 100 to 850 over the last year.

Bruntwood also continued its pioneering work on sustainability as part of its commitment to be net zero carbon by 2030, by signing up to the Better Buildings Partnership’s new Climate Change Commitment; which aims to improve the sustainability of existing commercial building stock.

Chris Oglesby added: “The cities in the North and Midlands are still growing and have proved to be very resilient as a result of the strong progress they have made in recent years and this gives us confidence for the future.

“We are seeing businesses demand far more from their workspaces and the wider place making offer in our cities; to help them attract and retain the best talent.

“Our overarching purpose to create healthy, vibrant and, ultimately, thriving cities will continue to see us doing far more than simply developing individual buildings, but rather working hand in hand with civic, business and third sector leaders, to make cities that work for their people.”

Continuing the legacy of founder Michael Oglesby – who passed away in November – Bruntwood’s long-standing commitment to supporting communities saw the Group and the Oglesby Charitable Trust, donate more than £5m to local charities and initiatives working in a number of areas, including environmental sustainability, arts, medical research, education and social inequality.

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