Alfa Laval Tower, Brentford
Ropemaker Properties Limited
Expert Evidence Witness
Financial Viability Assessments
Rapleys’ viability team was instructed, jointly with Ropemaker Properties Ltd and Hyundai (UK), to assist with a planning appeal in relation to the redevelopment of the Alfa Laval Tower in Brentford.
The development comprised a new car showroom (sui generis) including ancillary facilities, car parking, MOT testing, repairs and servicing and new digital advertisement on the western elevation following change of use and extension of the existing buildings.
The viability team was brought in to assess the scheme’s financial viability due to the LPA decision to remove the advertising hoarding on the west elevation from the development.
We worked with the project team to assess the financial viability of the site, taking into account all potential revenue streams and development costs, if the digital advertisement was removed from the development and compared this to the scheme including the advertising board at various sizes.
From this analysis we were able to work out the size the advertising board needed to be to ensure the scheme could be constructed viably. It was necessary to work closely with the project team to ensure the viability argument did not contradict the planning permission.
Working with specialist valuers and cost consultants, Rapleys successfully argued at Public Inquiry that the advertising hoarding would need to be included, at a sufficient size, to ensure the development was financially viable and could be constructed out.
Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
12,000 Stock Condition Surveys – Yorkshire Housing
Appointed by Yorkshire Housing via the Fusion21 Framework to complete 12,000 stock condition surveys over a 3-year period
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
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
London and Regional
Albert Island Redevelopment
Providing Cost Management & Quantity Surveying services on an exemplar industrial intensification project
Aldersbrook Baptist Church
Aldersbrook Baptist Church, Wanstead
Sale of church hall and provision of cost advice regarding development and refurbishment of church.
Orchard Street Investment Management
Altrincham Retail Park expansion
Secured planning permission via a Section 78 appeal