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
Simon Corp
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.
Partner
Simon Corp
This deal is a great example of smaller stakeholders working together to deliver high quality homes that are both private and affordable. It demonstrates that the sector can collaborate effectively and, while only small in terms of unit numbers, more of these deals nationwide between likeminded partners, will help to drive the sector forwards.
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.
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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