Track record
Land South of Heather Close, West Ashling, Chichester
Worthing Homes
Realising the maximum value from affordable housing within the greenbelt
Affordable Housing
Development Consultancy
Disposals & Acquisitions
Service
£1,600,000
Project value
Residential
Industry
The project
The developer, Newship Developments Ltd, is developing the greenfield development site with 18no new homes constructed using Modern Methods of Construction (MMC) volumetric construction. The planning consent included a s106 requirement to provide 9no affordable housing dwellings.
Rapleys’ Residential Development team procured the offer for the site from Worthing Homes, a local Registered Provider. We worked with both parties to agree the heads of terms and managed the acquisition on a land and build package deal basis through to exchange of contracts.
Our solution
We helped the developer to maximise the value for the s106 units to assist project viability.
We used our knowledge of the local RP market to find them the right partner who could achieve best value and see the acquisition through to completion.
We worked with the RP to provide the technical information they needed from the developer to get the transaction through the internal approval process, liaising between the parties.
Get in touch
Key contacts
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