Consultancy and Subsequent Disposal Advice in Respect of Former Colliery

Location

Project summary

• Initial consultancy services advising on development potential in conjunction with planning consultants
• Advice given in respect of phasing and infrastructure
• Disposal of phase one of three parcels of residential development land for 135 units. Ongoing instructions to dispose of two further parcels of 400 and 65 units respectively

Solution

• Marketed the relevant phase to housebuilders
• Held technical meetings to allow interested parties to further understand the site-specific constraints
• Provided summary and analysis of offers received
• Interviewed a shortlist to scrutinise offers
• Selected Taylor Wimpey as the preferred purchaser and progressed the deal through to legal completion

Benefits

• Provision of agency advice in respect of a brownfield site which poses a number of technical risks and constraints, resulting in a positive financial result for the client