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Taylors Yard, Oxford Road, Sutton Scotney, Winchester.
On behalf of an existing client (an investment and development fund), Groupwest implemented a bespoke marketing campaign focused on a short list of known and active purchasers. Contracts have now been exchanged with a national housebuilder subject to securing planning permission for 15 residential units.
Through proactive research, Groupwest identified this former playing field as having development potential for residential development. The site was subsequently introduced to a national housebuilder and acquired on a subject to planning basis for 80 dwellings. The land had a covenant in favour of the previous owner, Bristol City Council. Groupwest assisted the incoming purchaser and the existing landowner in successfully negotiating the covenant away.
site assembly & acquisition.
10 Anchor Road, Bristol, BS1 5TT.
This site was acquired on a subject to planning basis for a developer and an investment fund. Groupwest carried out financial modelling and viability testing in respect of a 133 bedroom student accommodation scheme. Detailed planning permission was granted and the project was sold to a student operator on a joint venture basis.
Bideford West, Devon.
Groupwest identified the site within the Torridge DC preliminary core strategy, as an area for future growth. The site is approximately 50 ha in area and belongs to two different landowners. Groupwest recognised that the Strategic Housing Land Availability Assessment (SHLAA) panel had decided to focus primarily on land which was developer led and in large areas. With this in mind, Groupwest identified an appropriate national housebuilder to promote the site for residential development.
The site is approximately 40 ha in area and belongs to three different landowners. The site has been draft allocated in the emerging Taunton Dean Core Strategy for residential development and supporting commercial /retail uses. Groupwest were instructed by a private equity fund to undertake negotiations and secure the site under a promotion agreement. Contracts were subsequently completed in February 2013. The fund is currently preparing an outline application for approximately 900 dwellings and retail/commercial uses.
Tiverton Road, Cullompton.
The principle site is approximately 10 ha in area and is under multiple ownership. The site has been allocated for residential development within the Mid Devon Development Framework. Groupwest were instructed by a private equity fund to undertake negotiations and secure the site under a promotion agreement. Contracts were completed in March 2013 and the fund is currently preparing an outline application for the first 50 dwellings.
Riverton Road, Puriton.
Groupwest identified the site(s) as having future development potential. There are three landowners, one of whom consists of five Trustees. Each landowner was approached independently and a site assembly exercise was undertaken and a collaboration agreement between all parties was implemented. The site(s) were then introduced to a national housebuilder and the terms of an option agreement negotiated. The contract will be exchanged and completed shortly.