The Theatres Trust

Conference 15 Web Banner Final Welcome:  Valuing Theatres


Conference 15: Valuing Theatres
Tuesday 23 June 2015

What value do theatres bring to regeneration, commercial development and mixed use schemes?

Conference 15: Valuing Theatres considered ways in which we can work with the property sector to achieve shared cultural, social and economic returns and create new partnerships with developers to build and protect the theatres of the future.

How do we engage with developers who are playing an increasingly important role as theatre builders and capital investors?

The Conference 15: Valuing Theatres Report is available now.

Valuing Theatres was chaired by Jim Beirne, Chief Executive of Live Theatre who is leading Live Works, a new £10 million capital scheme in Newcastle to purchase and develop Quayside frontage and land and buildings adjacent to the theatre.

A full day of presentations and debate featured leading-edge projects including the proposed Factory Manchester; Sadler’s Wells new dance theatre in Olympicopolis – the culture and education quarter at Queen Elizabeth Olympic Park; Harvey Goldsmith on his new Wembley Theatre; the Nine Elms Vauxhall Partnership and Battersea Power Station; Bradford Live; and the redevelopment of Riverside Studios in London.

We heard from landowners and developers including Shaftesbury PLC on its relationship with West End Theatres; Land Securities engagement with Victoria Palace Theatre; and Cathedral Group PLC’s Richard Upton who recently played a key role in the Smithfield Planning Inquiry. And from the artist’s perspective, Theatre Peckham and Theatre Delicatessen will talk about how they have secured theatre and performance facilities through planning obligations and working with developers.

Contributors also covered valuation methodologies, including the Treasury’s guidance on economic appraisals and valuing well-being in the Green Book and market valuations such as the recently completed valuation of York Theatre Royal for its transfer from York City Council to York Conservation Trust.

We’re delighted that Conference 15 was held at Milton Court Theatre, formally opened in September 2013 and delivered through a partnership between the Guildhall School of Music and Drama, the City of London Corporation and Heron Land Developments. We’re very grateful for the support of the Guildhall School and its Principal, Professor Barry Ife. The school’s new facilities are part of the 36-storey 112m Milton Court tower.

Post-conference Update

You can view Valuing Theatres Press, Resources and Contributor’s Presentations, and Photos online.

The Conference 15: Valuing Theatres Report is due out at the PLASA Show London 2015.

Conference Chair

Jim Beirne MBE, Chief Executive, Live Theatre, Newcastle

Conference Reporter

Emily Wright, Features and Global Editor, Estates Gazette


Julia Wilkinson, Chief Surveyor, Shaftesbury PLC
Dave Moutrey, Director & Chief Executive, HOME
Rosanna Lawes, Executive Director of Development, London Legacy Development Corporation
Alistair Spalding CBE, Chief Executive & Artistic Director, Sadler’s Wells
Melanie Leech CBE, Chief Executive, British Property Federation
Phil Holden MRICS, Assistant Director, Deloitte Real Estate
Neil Richmond FRICS ACIArb, Principal, Neil Richmond & Co
David Rossington ACMA, Finance Director, Department for Culture, Media & Sport (DCMS)
Nigel Taylor FRICS, Registered Valuer, Taylor York Commercial
Ollie Saunders MRICS, Lead Director – Alternatives, JLL
Tim Jones, Head of Strategy and Placemaking, Futurecity
Susie Gray, Arts Partnership Manager, Wandsworth Borough Council & Cultural Development Co-ordinator at Nine Elms Vauxhall Partnership
Ben Ridgwell, Portfolio Director – West End, London, Land Securities
Harvey Goldsmith CBE
Barry Pritchard, Executive Director, Aedas and Head of Aedas Arts Team
Teresa Early, Artistic Director, Theatre Peckham
Nick Starr CBE, London Theatre Company
Lee Craven, Project Director, Bradford Live
Guy Hornsby, Executive Director, Riverside Studios and Riverside TV Studios
Roland Smith, Founding Member & Artistic Director, Theatre Delicatessen

Valuing Theatres is produced by The Theatres Trust.
Sponsorship and Events Consultant: Nicky Rowland.
Production Manager: Andy Shewan.
Conference Website Photos: Courtesy of Guildhall School of Music and Drama. Aedas Arts Team and Morley Von Sternberg.

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