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New publication urges Yorkshire developers to continue embracing heritage

11 February 2013

Developers in Yorkshire are being urged to embrace heritage as a new industry publication praises the success of heritage-led projects across the region.

Property experts at Deloitte Real Estate, which contributed to the newly-republished Heritage Works, hope more developers will follow the best-practice examples of successful heritage-focused developments such as Leopold Square in Sheffield and Leeds’ Holbeck Urban Village, Majestic City Square and Trinity Leeds.

The 9,000 sq m mixed-use development at Leopold Square, for example, has created 200 new jobs, seen the arrival of 10 new businesses and brought five buildings into use.

More generally, it is claimed that for every £1 of investment in the historic environment generates an average additional £1.60 in the local economy over a ten year period*.

Alex McCallion, Assistant Director at Deloitte Real Estate in Leeds said: “Enlightened developers and authorities in Yorkshire are leading the way in realising that heritage assets can play a central role in achieving the successful and sustainable revitalisation of our towns, cities and rural areas.

“There is no shortage of historic buildings in every town and city in Yorkshire – and now these are increasingly seen as an opportunity rather than a constraint, creating focal points of character and conferring economic and social value beyond their own boundary”.

“The development at Leopold Square in Sheffield and at Holbeck Urban Village in Leeds are great examples that heritage really works.

“Conservation defined as strict preservation is thankfully progressing towards a more balanced, flexible and enlightened approach, with a greater degree of consultation and collaboration between owners, developers, occupiers and planning authorities.”

The new Heritage Works publication, updated from the 2006 first edition, and now takes into account the new National Planning Policy Framework and provides new case study evidence to show how heritage-based regeneration can work in practice.

Heritage Works is collectively written by The British Property Federation (BPF), English Heritage, The Royal Institution of Chartered Surveyors (RICS) and Deloitte Real Estate, combining their expertise and in-depth knowledge of heritage properties and the market.

It offers a practical, step-by-step guide for developers, owners, local authorities and advisers, provides invaluable advice and warns of common pitfalls and points to ways of overcoming them.  It signposts more than 30 information sources and is intended as the ‘first-stop’ reference document or ‘toolkit’ for the regeneration of the historic environment and heritage buildings.

The publication features a chart for navigating listed building consent and lists issues to consider when assessing heritage properties.  It also considers the importance of breaking cycles of decline, as well as a range of issues such as concept development, economic benefits, characterisation, VAT, fund-raising, CIL, the public realm and conservation management plans.

More than 80 per cent of applications for listed building consents are granted. Forthcoming research from English Heritage and the Heritage Lottery fund indicates that listed buildings are particularly favoured by retail and restaurant occupiers, helping to create vibrant urban environments, and that more than half of commercial occupiers of listed buildings are from professional services. In certain areas we see major concentrations of creative industries based in listed buildings and The Calls in Leeds is a prime example of this.

Join the conversation on Twitter at #heritageworks.

* Heritage Counts, 2010

Ends

Note to editors:

About Deloitte Real Estate
Deloitte Real Estate redefines the concept of a full-service real estate business, offering a breadth of capability and an innovative approach unequalled in the market.

Our team combines traditional property services with financial and business advisory expertise to deliver integrated solutions on the most simple assignment to the most complex.  We apply a depth of insight drawn from our understanding of all industries and sectors to advise occupiers, lenders, investors and the public sector on every aspect of real estate in an increasingly complex world.

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

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