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Strategic development advice on the promotion and delivery of a farm holding.

Project summary

  • The Local Authority retain an overage over the site however the landowners own the access land thus effectively ransoming themselves.

Solution

  • Our Planning Department undertook the planning representations for the site and advised on the planning potential including risks, challenges and strategy.
  • Advised on the promotion strategy including marketing as a strategic development opportunity to both land promoters and housebuilders to enter into a strategic development agreement.
  • Advising the landowners of the price per net developable acre that they should be looking to achieve upon the site gaining a satisfactory planning permission.

Benefits

  • Negotiated an Option Agreement with a plc housebuilder on attractive terms for our clients which seek to protect against risks and is designed to allow the financial return to be maximised.
  • Proceeded with the party that had a planning strategy that suited the client’s aspirations.
  • Regular updates with the solicitors throughout the legal stages.
  • Future advice on disposal including price negotiation and ensuring a minimum price per net developable acre was inserted within the contract.
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