Industrial/Warehouse development, Watford
LaSalle Investment Management
Industrial & Logistics
The site comprised outdated industrial buildings within an established industrial estate that was subject to a high level of planning uncertainty, as the local authority’s aspirations for comprehensive regeneration of the area, combined with major risks to the delivery of necessary infrastructure, prevented further investment and improvements in rental income.
Rapleys’ role was to break through the deadlock, by utilising both the planning application and planning policy processes, to create value in the short and longer term.
To create value in the short term, Rapleys prepared and coordinated the planning application to renew and upgrade the existing outdated and inefficient buildings to a highly sustainable, modern and high quality industrial/warehouse scheme of approximately 8,000sqm through a comprehensive redevelopment of the site, in a manner which addressed the balance between the local authority’s regeneration aspirations and the uncertainty regarding the infrastructure required to deliver the aspirations.
To create value in the longer term, Rapleys engaged with the local authority through the emerging Local Plan process to negotiate a move away from a position where the site would have remained earmarked solely industrial use, to allow future development (post the life-cycle of the secured consent) of a mixed-use scheme including both residential and employment development as part of the local authority’s aspirations to create a new mixed use urban quarter.
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