Initial review
Assess the land, property, ownership position, planning context and owner objectives.
Planning Promotion
Planning promotion for landowners.
Working together with landowners to maximise land value by gaining planning consents at no financial risk to the landowner.
Proposition
A planning route where interests are aligned.
Aside from developing our own real estate we look to work together with landowners to maximise land value by gaining planning consents at no financial risk to the landowner via Planning Promotion Agreements.
Planning Promotion Agreements, or PPA's, represent a way of working together with landowners, forming a partnership where both parties' interests are aligned. If a land or property owner wishes to add value to an asset through change of use or redevelopment, but is reluctant to take the risk of financial loss due to the cost of gaining or failing to win a planning consent, London & Provincial can work together with the client to realise that mutual goal.
London & Provincial would be remunerated via a percentage of the achieved market value when the asset is sold. Therefore, both parties' interests are aligned in maximising the value of the site.
Process
How it works.
A practical route from first review to consent and value realisation.
Feasibility
Consider change of use, redevelopment potential, viability, constraints and consultant input.
Planning strategy
Define the planning route, professional team and evidence required.
Consent
Progress the application and planning process with specialist support.
Disposal or value realisation
Support the agreed route to sale, disposal or retained value.
Benefits
Landowner advantages.
The PPA benefits are set out clearly for landowners considering a planning-led route.
No financial risk
Benefit from the promoter's team of professional property consultants
Less time intensive
Better chance of planning grant approval first time
Promoter experience and knowledge can increase the value of the asset
Correct marketing can add a further 10% - 15% of value to the asset
Proof project
Meadow Way Business Park
Meadow Way Business Park, formerly part of the Morphy Richards factory, sits on a 4 acre site in the Dearne Valley at the convergence of the A1, M1 and M18 motorways.
- Former Morphy Richards factory site
- 4 acre site
- 16 industrial units
- Circa 35,000 sqft
- B8 Open Air Storage consent
Suitability
Sites and assets where planning value may be unlocked.
The model is relevant where a landowner or property owner believes a site may have stronger value through planning, redevelopment, change of use or a more strategic route to market.
Typical enquiries might include underused land, legacy commercial assets, buildings with conversion potential or sites where the owner wants professional planning input without taking on the full expenditure risk.
Tell us about your site.
Share the location, ownership position and what you would like to explore.