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Not the prettiest site you will ever see but we have recently completed the sale of 257m2 land for development in Leicester’s Cultural Quarter. Situated opposite the Phoenix Arts Centre and close to the Curve Theatre, the site offered an outstanding development opportunity for a mixed use development. The vendor submitted a planning application for…
The 2018 NPPF is based on a requirement for new local plans to deal with viability at the plan making stage. A viability assessment of each site in every local authority area in the country. We are reliably informed that, by way of training for this onerous task, local authority property departments are currently counting…
Back in 2013 we were asked if we could provide a day’s work experience to a young man who had decided that a criminology degree was not for him. We asked why he did not want to continue his studies. He replied that racking up a student debt of £700 a week in return for…
It’s here – the new all singing and dancing NPPF 2018 – now with added viability! Much cleverer people than us will provide comment on the planning issues this raises, but as our speciality is viability (400+ submissions and counting), we thought we had better have a look to see how this will affect our…
Don’t buy retail investments. As with any investment the risk is reflected in the price. As this is the business section I assume this does not require explanation. But what I can’t explain is why the huge risks of investing in the retail sector are not being reflected in the price. Retail has always been…
The picture is of Ramsgate Harbour which is far more attractive than the property we sold! We have been advising clients of the risks of retail investment for some time and have been recommending that they seriously consider disposing of any retail assets, especially secondary stock. The well documented structural changes in the High Street…