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Land at Callendar Farm South, Nuneaton, Warwickshire

Project summary

  • Advising the landowners and land promoter on the disposal of land with the benefit of planning permission for up to 1000 dwellings and neighbourhood retail
  • Sale of phase 1 for 150 dwellings sold to Jelson in March 2017
  • Planning permission granted for phase 2, up to 850 dwellings in February 2018 (subject to Section 106 Agreement)

Solution

  • Created, managed and gave advice on the tender of phase 1 with the benefit of planning permission for 150 dwellings to house builders
  • Focus on generating competition between interested parties to maximise value
  • Operated a two-stage approach to the offer process, invitation of offers, interviews with shortlisted parties and best and final offers
  • Provided advice on planning and technical matters to protect the value and delivery of future phases

Benefits

  • Negotiated a 19% increase in sale price from the opening offer received from the preferred party to the terms agreed
  • Advised on uncertainty centred around the Brexit vote in June 2016
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