Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport

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Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport
Devonport Wharf
                                    Unit 5 and Unit 7
                                    Leasing Opportunities
                                    Expressions of Interest (EOI)

Procurement Number: 234-21-157-GS
Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport
The
Opportunity
AT is inviting Expressions of Interest (EOI) from
potential operators for two available retail units
in Devonport Wharf.
Devonport Wharf continues to be developed to be a world-class
facility, suitable for Auckland’s growing transport needs.
Units 5 and 7 are well positioned amongst other quality retailers
including large anchor tenants, restaurants Devon on the Wharf and
Fish Kitchen.
Any real estate agencies seeking to represent potential tenants
through the EOI process may participate through a general agency
on the terms set out in Attachment 9.
Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport
Belmont

Location
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Devonport Wharf is located in the harbour side suburb                     Bayswater
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of Devonport on Auckland’s North Shore, forming the                                                                                                                                                                         e

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northern side of the Waitemata Harbour.

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Devonport Wharf is operated by Auckland Transport                                                     Bay                                                           Ngataringa                    Neck Ascot d

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and is serviced by regular commuter and tourist ferries.

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                                                                                Wharf                              Stanley Bay Reserve                                          otsf
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The area has undergone extensive improvements

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including the roll out of new retail spaces in the wharf                                                             Bay

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building, improved pedestrian connections with the

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addition of a new modern board-walk and an upgrade                                                                                                               s Pde                                    Devonport                                                              North Head
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                                                    Ferry to Northcote                                                                  lio p                                                              Kerr St
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of Marine Square.                                                                                                                                            Devonport

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This follows the successful opening of new

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                                                                                      Ferry to                                                                                                                                                          Bay
                                                                                      Bayswater                                                         Devonport
retail tenancies and restaurants in the                                                                                                                   Wharf Devonport
wharf building.
                                                                                                                                                         Ferry to
                                                                                                                                                         Devonport
Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport
Customer                                                      The below graphs show the average number of
                                                              ferry Boarding’s and Alighting’s per 24 hour period
                                                              at Devonport Wharf. The time periods are between

Peak Times                                                    February 2019 – January 2020 and
                                                              February 2020 – January 2021.
                                                              Note: the data included in these graphs does not
                                                              include cash fares or multi-pass tickets or casual
                                                              users of the wharf.

      February 2019 - January 2020   Average Daily Tag Ons        1,435                                    February 2020 - January 2021   Average Daily Tag Ons    922

                                     Average Daily Tag Offs       1,429                                                                   Average Daily Tag Offs   913

                                                                                                           Transaction Hour
Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport
The
Tenancies
We are inviting EOI applications for a new 40m2
space with 46m2 seating area (Unit 7) and a
61m2 space (Unit 5) within Devonport Wharf.
Successful operators will be focused on delivering a
high-quality offering catered towards the commuter
market and tourists using Devonport Wharf.
Unit 7 is ready for tenant fit out with Lessor works
already completed. Unit 5 is currently a retail space
with the current tenant due to vacate. The tenancy
will be ready for internal fit out for a new tenant
following vacation of the current operator.
Please refer to Tenancy Manuals (Attachments
1 and 3) for tenancy base-build inclusions and
operational requirements for Unit 7 and Unit 5.

                                                                 7   5
                                                        Unit 5 & 7
Devonport Wharf Unit 5 and Unit 7 - Leasing Opportunities Expressions of Interest (EOI) - Auckland Transport
AT                                               Purpose
Purpose                                          Why we exist
& Values                                         Easy Journeys
                                                 Connecting people and communities

Successful operators will align their offering
to AT’s Purpose and Values.
Our purpose and values go to the heart of our
culture – who we are as an organisation, how     Values
we behave, our aspirations and what we want
to achieve together for Auckland.                Who we are
                                                 Auahatanga - Better, bolder, together
                                                 Manaakitanga - We care… Full stop
                                                 Tiakitanga - Safe with us
                                                 Whanaungatanga - We connect
Agreement   Attached to this EOI is AT’s standard Agreement to Lease for Unit 5
            (Attachment 7) and for Unit 7 (Attachment 6), Devonport Wharf.

to Lease
            The final terms of each Deed of Lease, attached to each Agreement
            to Lease, will be subject to AT Management approvals.

Details
            Proposals will be evaluated against expected market rental.
            As part of the evaluation criteria, AT will consider the use and
            tenancy mix in forming what it believes to be the best uses for Unit 5
            and Unit 7, Devonport Wharf.

            EOI Response Requirements
            We have provided specific criteria in this EOI document that must be
            met when submitting a proposal.
            We have provided the weighting for each category of the Evaluation
            Criteria shown as a percentage in the tables. All proposals received
            will be evaluated by an AT panel against this weighted criteria.
            What is required to submit an EOI:
                	Proposal document—applicants may follow the EOI Response
                  Template provided (Attachment 8).
              Acceptance of EOI Preconditions (outlined page 8). Please
             	
              accept the Preconditions in the EOI Response Template.
                Any
                	   other information or supporting documents that you
                believe is relevant to your submission.
EOI
Preconditions

In order to be successful applicants must acknowledge and accept the following preconditions:

  Preconditions
  The terms of Auckland Transports Agreement to Lease are acceptable.

  The tenant has the ability to sign the Agreement to Lease within two weeks of issue.

  The tenant acknowledges the fit out design and plans must meet all necessary consenting requirements.

  All associated costs and consents to meet the above requirement are the responsibility of the tenant.
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         EOI
         Response
         Time frame
                                                                                        EOI applications close: 4pm on 26 March 2021
                                                                                         	
                                                                                          Please submit in PDF format. Proposals may
                                                                                          include written and imagery components
         Below is an indicative time line for EOI responses, the AT                      	
                                                                                          Submissions to be no longer than 5 pages
         evaluation period and indicative timing for tenant fit out.                        	EOI submissions are to be emailed to:
         Please note, the below time line is indicative—Key dates                              harry.glynn@at.govt.nz
         may be subject to change. AT reserves the right to alter time                   	
                                                                                          Should you have any questions or queries about
         frames and/or processes to accommodate                                           preparing your proposals or responding to our
         for unforeseen circumstances.                                                    requests, please contact Harry Glynn.

          4 March 2021:           4pm, 26 March 2021:              5 April 2021:            30 April 2021:                  June 2021:
           EOI open for             EOI applications         AT to advise applicants      Tenant to submit               Expected tenant
           submissions               period closes           of preferred submission     Developed Design to              fit-out period
                                                                                            AT for review

                    Up to 19 March 2021:            2 April 2021:              16 April 2021:              31 May 2021:                  July 2021:
                     questions or further        AT evaluation of EOI            Execution             Tenant to submit Final          Expected first
                    information requests        application concludes             of Lease               Fit Out Design to              trading date
                                                                                                        Council for consent
Evaluation
Criteria
The below table shows the weighted criteria given to assess your proposal. Applicants are requested cover each
aspect of these criteria in their proposal submission. AT will also assess proposals in alignment with the AT the
criteria identified and AT Purpose and Values (Attachment 5).

 Evaluation Criteria            Requirements                                                                                                    Guidance
                                   Outline the proposed service offering for the tenancy.
                                    utline why the proposed service offering is complimentary to the transport network and supports
                                   O
 Proposed use, product             an enhanced transport experience in Devonport Wharf.
 or service offering                                                                                                                                 25%
                                   Define your target customer/audience and why your offering will appeal to them.
                                    utline the social impact and local relevance of your proposal including how you will engage locally
                                   O
                                   to benefit the wider community.

 Service Delivery Model            Outline your service delivery model including proposed hours of operation, staffing levels and training.          20%
 Rental offer and                  Outline your annual rental offering including the annual base rental and turnover percentage rental share.
 Covenant Strength                  rovide evidence to support your financial position (statement of financial position, company accounts
                                   P                                                                                                                 25%
                                   or bank guarantee).

 Track Record                      Outline you track record of operating in a commuter/transport-oriented setting. Include any references.           15%

 Business and Marketing             etail your business and marketing plans to show your ability to support the business and enhance the
                                   D
 Plan (including fit out)          commercial opportunity.                                                                                           15%
                                   Outline your fit out design and plan, detailing how it meets all consenting requirements for the site.
Attachments

Attachment   Document
    1        Tenancy Manual – Unit 7, Devonport Wharf
    2        Base build photos – Unit 7, Devonport Wharf
    3        Tenancy Manual – Unit 5, Devonport Wharf
    4        Base build photos – Unit 5, Devonport Wharf
    5        Auckland Transport Purpose and Values
    6        Draft AT Agreement to Lease and Draft Deed of Lease – Unit 7
    7        Draft AT Agreement to Lease and Draft Deed of Lease – Unit 5
    8        EOI Response Template
    9        Terms of General Agency
Thank you
                   We look forward to your proposals!
J006804_02.03.21
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