Development

Development offers some of the greatest returns to landowners, however the pitfalls are numerous and the financial consequences can be dire in the event that the correct professional advice is not taken. We identify opportunities, as well as working with landowners who are approached by developers, to see the scheme from the beginning of negotiations with potential development partners, to local authority discussions through the planning process to the commencement of construction.

Our Hereford office specialises in creating development value for landowners and has been involved with residential, commercial and mixed use schemes from 5 acres to 1,400 acres across the southern half of the U.K. This has included Green Belt releases, brown field redevelopment, urban extensions and new settlements.

Our advice covers:

• Potential site identification
• Land assembly with adjoining owners, where necessary, to achieve better value or open up opportunities
• Appraisal and disposal reports
• Negotiation of terms for options, joint venture, promotional agreements and conditional contracts
• Project supervision to monitor and work with the development partner to represent and progress the landowners interests

We work closely with solicitors and tax advisors to ensure the correct arrangement is put in place for each particular client. We ensure that detailed heads of terms are negotiated in order that both sets of solicitors are aware of the objectives which we have been repeatedly told allows easier and more rapid drafting of the legal agreement.

If you believe that there are opportunities on your or your client’s land, please contact Andrew Bower or Tim King for a free initial consultation