An adverse planning record often forces a landowner into giving up on the apparent development potential of a site. The Land & Strategic Property Division have assisted many landowners in such a predicament, and ultimately succeeded in resurrecting their hopes of achieving a development premium.
A recent case in point involved a redundant works in South East London. Despite a planning refusal and failed appeal, we were able to locate a buyer who shared our vendor's optimism for the potential for redevelopment.
An unconditional sale was agreed to Registered Social Landlords Wandle, who in partnership with Greenacre Homes are now pursuing a planning application for a revised scheme. It is hoped the concept of affordable family housing stock will be viewed as an appropriate re-use of the land by the Local Authority.
