Build to rent development, Milton Keynes
Build to Rent
Financial Viability Assessments
Rapleys was instructed to coordinate the planning application and viability submission on a large development in central Milton Keynes.
The planning application sought consent for 294 rental apartments and an apartment hotel, forming part of a mixed use development also comprising a 200+ bedroom hotel and other commercial uses. The scheme is the largest build to rent development as well as the tallest residential building in Milton Keynes.
We coordinated the viability submission, during which we liaised with the client team to inform our financial appraisals and viability report. Following submission of the Financial Viability Assessment, we negotiated with the Council’s viability consultant, justifying our valuation approach and adopted appraisal inputs.
Rapleys ensured that the planning application and viability submission were prepared efficiently and according to the client’s desired timescales. We carried out negotiations in a timely manner and negotiated an affordable housing position that satisfied the council’s policy requirements and client’s objectives.
Our Track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Acquisition of a former public house, Godalming
Identified and acquired the site for Majestic Wine
Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Development Consultancy advice to support a planning application for a mixed use scheme
Ropemaker Properties Limited
Alfa Laval Tower, Brentford
Assessed the financial viability of the scheme for a planning appeal
Orchard Street Investment Management
Altrincham Retail Park expansion
Secured planning permission via a Section 78 appeal
The Crown Estate
Application and Environmental Impact Assessment for land off Beavor Lane, Axminster
Planning application and EIA for for part of the east Axminster urban extension
The Arch Company
Providing a full suite of Building Consultancy services throughout the UK
London and Regional
Archers Spring, land North of Welwyn Road, Hertford
Instructed to to provide strategic land and planning application advice