Successfully transforming large pieces of land from concept to completion  

Landowners

Solving the Problem

Site Profile

Landowners may not have access to financial resources or the experience to bring redundant sites forward for comprehensive redevelopment.

Contamination

Many brownfield sites are contaminated giving rise to ongoing liabilities and risk. The levels of which are generally unknown or existing surveys are out of date and superseded by current legislation. Alternatively the existing solution may be prohibitively expensive.

Unlocking the Potential

Site Survey

Bericote will undertake and finance all surveys required to submit a full planning application to include:

  • Topographical
  • Geo-environmental
  • Ecological
  • Flood Risk
  • Highways Impact
  • Archaeological

Planning

Bericote will work up a masterplan which will form the basis of an outline planning application.

Demolition

Bericote will undertake site clearance and demolition work.

Remediation

Bericote will negotiate the best remediation strategy with the Environment Agency.

Marketing

Occupiers will be attracted to sites provided there is a credible and competitive developer working jointly with a landowner. Bericote will retain the landowner’s advisory agent as part of the marketing team to promote the site and secure pre-lets/pre-sales.

Sharing the Profit

Pre Lets / Pre Sales

Development plots will be drawn down as pre-let/pre-sale Design & Build opportunities are secured.

Fixed Land Price

The Landowner will benefit from the land drawdown payment. A gross land value will be agreed reflecting current open market value. Deductions will be made for remediation, infrastructure and abnormal costs to provide a net purchase price.

50:50 Profit

Firstly, the landowner would receive proceeds from the draw down land payment. Then, Bericote would take a 5% priority return on total costs. All additional profit would be split 50:50 between the Landowner and Bericote/occupier. This would generate significant enhanced returns to the Landowner and would ensure exposure to an improved upside as a result of improving yields or land values.

Sample Appraisal

An appraisal reflecting a specific plot drawdown will be agreed with the landowner fixing the drawdown price to be paid up front and the profit share to be paid upon practical completion. Bericote will work on an open book basis, offering complete transparency.