Track record
Development of a mixed-use scheme, Great Western Park, Didcot
Henry Davidson Developments & Taylor Wimpey
Provided an FVA, development advice and affordable housing strategy
Financial Viability Assessments
Service
Circa £10-15m
Project value
Retail & Leisure
Transport & Infrastructure
Industry
Nick Fell
The project
We were instructed by HDD (Didcot) Ltd (the Applicant) in respect of their planning application to provide an assessment of the economic viability of their proposed mixed use development on the subject site at Great Western Park, Didcot.
The Applicant submitted a planning application to Vale of White Horse District Council for the erection of 10 ground floor retail units, 20 first and second floor apartments, car parking, landscaping and associated infrastructure.
Our solution
We provided detailed development advice and worked with the project team to confirm an affordable housing strategy with the client. We considered appropriate residential and commercial sales values, build costs and benchmark land value. Upon agreeing the affordable housing strategy, we prepared and submitted a full viability report to the local authority.
We engaged with the Local Authority who dealt with the viability negotiations in-house and agreed with them the affordable housing and s.106 financial contributions.
We achieved an affordable housing position in line with the client’s expectations and below
that which the Local Authority originally sought.
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Key contacts
Gain national and local expertise through our multidisciplinary teams of experts.
Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
Yorkshire Housing
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.
Kwik Fit
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Bernard Construction
Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Higgins Homes
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.
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