Land
Seeking Land For Development Throughout The South of England
At GJS Partners we are always actively seeking out large and small land development opportunities. This can be arranged in a couple of different ways: -
Purchase
Land is purchased unconditionally or purchased with an uplift paid when planning consent is achieved at a future date. This could for example be agricultural land without the benefit of a planning consent.
Promotion Agreement
Under this arrangement GJS Partners, using its considerable knowledge and experience, would fund all the promotion and planning application costs. If we are successful the land would then be sold on the open market with the benefit of planning consent. The landowner retains ownership of their land right up until the development site is sold. Our costs are then reimbursed out of the sale proceeds and we would also receive a proportion of the sale receipt. If the planning consent has not been secured by a certain date the agreement terminates and our costs are not reimbursed. The benefit of this approach is that the land generally attracts a premium by being sold on the open market through a competitive bidding process, thereby maximising the financial return for the landowner. The landowner is not exposed to any significant financial risk as they do not have to fund any of the site promotion or planning application costs. Furthermore GJS Partners will also pay the landowner an upfront fee for entering into the promotion agreement.
Option Agreement
Option agreements can be more beneficial if the landowner does not want to go through the marketing exercise involved with promotion agreements. Once the consent is gained this an result in a quicker sale. Also, on challenging sites in sensitive locations where detailed engagement with local communities, councils and other parties are required to come up with sensitive designs to unlock sites’ development potential, having a developer on board who will build the consented development can be a significant advantage when promoting such sites.
Subject to Planning Purchase
GJS Partners enters into a contract with a landowner to purchase land for an agreed sum subject to securing a satisfactory planning permission.
Due to the nature of how our business is run we can be flexible in how we structure our agreements with landowners and tailor them to their individual needs and preferences. If you have a land opportunity that you think may be of interest please do not hesitate to get in touch and we would be pleased to discuss its potential with you without onbligation.