Delivery & Implementation
Parm was appointed by the HCA (then known as English Partnerships) to advise them on the redevelopment and extension of the existing shopping centre to provide an additional 54,800 sq. m (590,000 sqft) of retail space and 250 residential units. The scheme was being promoted by Hermes and Prudential, the joint owners of the shopping centre. HCA owned land (currently flanking the centre and used as surface car parking) which was required to enable the extension to be developed out. This appointment followed delivery and implementation advice Parm had given the HCA on the Central Milton Keynes Development Framework. The key aims of the project were to ensure that the scheme was brought forward in accordance with the Central Milton Keynes Development Framework whilst maximising the capital value of HCA’s land. In addition, there was a need to ensure that public realm elements of the scheme in relation to Midsummer Boulevard were undertaken in conjunction with HCA’s own scheme for this road.
Parm Dosanjh was responsible for:
- Advised on scheme viability, including replicating developer’s appraisal and populating with own assumptions;
- Advice on scheme content and retail mix;
- Negotiated Heads of Terms and Development Agreement;
- Best Consideration report.