Category: planning and development.
Role: advisory to a private investor.
Holding period: less than 1 year.
An existing office block with vacant possession in a prominent location was purchased unconditionally. Immediately after securing the site, an application for a Permitted Development Rights (“PDR”) conversion for 30 units was submitted. Discussions with the local authority for a new development began as well, with a view to secure a permission for a new development with double the density.
Prior to submitting an application for a new planning permission, the property was sold to one of the UK’s largest house-builders.
- Skills needed:
- Past Investments