Investor/developer client seeking to acquire strategic land interests for promotion through the planning system and onward sale for higher value uses.
Development Consultancy Expertise
- Acquisition advice on land assembly
- Marketing advice on letting of 260,000 sq ft of hangars
- Viability analyses and masterplanning advice on mixed use scheme
- Formation of JV partnership with third party to share planning risk
- Disposal of first phase to Bellway Homes
- Consent achieved for 550 residential units and 12 acres commercial
Pre-acquisition advice provided on purchase of former MoD Base secured through competitive tendering. Subsequent acquisition of adjoining land holdings off-market to significantly enhance the deliverability of planning gain.
Letting of vacant hangars and associated buildings to third parties to generate income to support financing of site promotion. Advice on formation of JV partnership with third party land promotion to deleverage financial exposure and share financial risk.
Undertaking viability analyses and providing masterplanning advice as part of team of consultants to secure the permanency of consent to utilise part for commercial uses and change of use for a mixed use scheme incorporating c.725 residential units, c.400,000 sq ft of commercial space, a neighbourhood centre, a primary school and associated community facilities.
Disposal of first 165 unit phase to Bellway Homes.
- Land secured through competitive tender and off-market negotiation
- Existing assets fully let and substantial income gained from temporary letting as central control and compound for major infrastructure works
- JV partnership secured through planning process and successfully exited thereafter
- Disposal of first phase of 165 units to a residential developer
- Consent achieved in 2013 for a 550-unit residential development, 12 acres of commercial, neighbourhood centre, primary school and community facilities
- Successfully managed interrelationship between third parties and retained land holdings
'250 acre former MoD base located in the greenbelt'