Projects

PRD supported Guy’s & St Thomas’ (GSTT) on their 15-year, £4bn regeneration of its Westminster Bridge and London Bridge campuses. Pre-Covid, PRD worked alongside GSTT in their offices to provide on-demand advice on all property-related matters.

Recent work has included developing proposals for partnerships with key stakeholders and landowners; providing evidence and information to generate support from the governance teams; and identifying and working up proposals for assets that will allow assist with decanting in the short term and further capitalise on regeneration uplift in the long term.

PRD has developed a range of viability models to guide the work programme. We have also helped soft-market test ideas with developers, investors and occupiers, particularly in the MedTech and life sciences sectors, and have managed external consultants on behalf of GSTT to ensure that they receive the best advice possible.

Imperial College London’s White City estate is a world-class research campus located near a major London hub for media, leisure, retail, and nightlife. Imperial commissioned PRD to assess the amenities and public realm at the White City campus and make the case for new placemaking initiatives befitting of one of the most innovative universities in the world.

PRD reviewed the existing ‘landscape’ and asset base at White City, covering aspects such as public realm and connectivity, amenities such as eating places and public events, business/networking opportunities, and the university’s ties to surrounding communities. We engaged the Imperial board, development team, and on-site students, researchers, and incubator enterprises to gather wide-ranging views on what works well about the campus and what could be improved—from business support and networking opportunities to the campus food and beverage offer.

Our final report and presentation to Imperial included examples of inspirational, replicable placemaking interventions from leading research hubs in other cities; the cost of inaction; and a call to establish Imperial White City as an Innovation District with next steps to achieve this.

Our ongoing partnership with Redo is a platform to help local authorities create asset value strategies by using redundant buildings for social good, particularly to support co-working, start-up and scale-up businesses, and local enterprise.

Redo is the consulting arm of 3space, an affordable/flexible workspace provider. Their model for every space let at an affordable rate, another is given at peppercorn rent, while PRD brings expertise on innovative asset strategies and monitoring success once a space is under operation.

Together, we have delivered and monitored ongoing impact of projects in Brixton, Lancaster, Kensal, and Old Oak & Park Royal.

Worcester Shrub Hill Station is a Grade-II listed building nearing dereliction through lack of investment. The station surroundings are similarly disinvested and poorly signposted to the nearby city centre. Early business cases and cost-benefit ratios for redeveloping the station did not support investment.

PRD is working on a long-term project with Worcestershire County Council to develop a feasible strategy for station investment and development. Following extensive viability testing, socioeconomic profiling, visioning workshops, and reviewing funding and land value capture models, we advised WCC that unlocking wider regeneration around the station and land value capture would make investment viable.

This has enabled WCC to buy 4.5 hectares of land around the station with a view to catalysing 1000 homes, 7000 jobs, and 102,000 m² of new commercial space for Shrub Hill over the next 30 years, with flexibility built in so development can respond to market changes. WCC themselves will act as an anchor tenant, moving from an out-of-town office park back to the heart of the city and repurposing an underused asset.

We are now supporting WCC and Worcester City Council to form a development plan for the 4.5 ha plus surrounding sites under other ownership. This involves identifying reusable assets, deliverable parcels throughout the site, phasing options, and potential partners.