A refreshed and streamlined toolkit for practitioners working with heritage assets
On the 16 May 2017, the Deloitte Real Estate Planning team hosted the launch of the newly revised Heritage Works. Heritage Works is a document which we have researched and written on behalf of Historic England, the Royal Institution of Chartered Surveyors (RICS) and the British Property Federation (BPF).
What is Heritage Works?
The document is a best practice toolkit for the use of heritage assets and historic buildings in regeneration. It provides a practical step by step guide on how to bring forward a heritage-led regeneration project; it can be used as a reference document to assist developers, owners, community groups, practitioners and others in bringing forward successful schemes.
The document was first published in 2006. This latest update, presents the most streamlined addition yet and includes fresh, new case studies and updated guidance.
A Streamlined Toolkit
A Streamlined ToolkitThe refreshed toolkit comprises six steps of best practice advice:
- Paying the right price when buying the asset: – Which should reflect full knowledge of conservation constraints and realistic repair and other costs. Ensuring commercial viability is central to the success of the project and ultimately the regeneration and future security of the heritage asset.
- Getting the project started on the right foot, forming the project team: – When initiating the project it is important to create the right partnerships with a strong shared vision, clear set of objectives and realistic expectations, ensuring the project can move forward without stalemates and delays.
- Understanding the Heritage Asset and its potential: – Preparing a Heritage Appraisal or Conservation Management Plan at the outset of the project will be invaluable at later stages of the project, both in terms of securing funding and obtaining planning permission.
- Preparing a delivery strategy: – This stage of the project emphasises the importance of creating an effective strategy, for funding, town planning, design, delivery and implementation.
- Securing planning consent and implementation: – Securing planning consent and completing design and construction works. If stages 1-4 have been implemented effectively, this stage should run more smoothly.
- Finding the right occupier and long term use: – The final key to unlocking a successful regeneration project is finding the right occupier to ensure the long term viable use of the asset, bearing in mind that not all original uses are now viable or necessarily appropriate and accounting for market demand.
Following its latest refresh, the aim of Heritage Works is to provide all those involved in the development process with the guidance they need to help make successful heritage-based regeneration achievable.
Fresh Case Studies
The document includes new case studies to demonstrate practical application of the toolkit. One of these new case studies within the document is the Titanic Hotel, Stanley Dock, Liverpool.
Here, Stanley Dock Properties Limited (SDPL) purchased the site in 2010, and saw the potential of Stanley Dock and the opportunity to use its restoration as a catalyst for the regeneration of the area. When problems were encountered, these were overcome through the spirit of partnership working, co-operation and practicality shown by both SDPL and their professional advisors, as well as Liverpool City Council’s Planning Team and Historic England.
The North Warehouse has now been fully restored and converted into a 153 room luxury hotel, the Titanic Hotel, wining a number awards for its successful completion and regeneration of the Stanley Dock. Future planned works include the restoration of the Tobacco Warehouse and South Warehouse.