Campus developments: helping you avoid the snakes and jump up the ladders

Speakers:Tim Allsop, PartnerBeverley Firth, PartnerStuart Pemble, Partner

Introduction

Assumptions:

•You occupy an existing campus with adjacent vacant land

•Your estates strategy requires substantial new development on the adjacent land

•The development is going to be as sustainable as possible

Let’s play!

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You roll a 2!

Your site is allocated in the LDF

•Lesson: be aware of emerging policy documents and

get involved

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You roll a 3!

Problem: site is subject to a restrictive covenant

Solution: investigation shows covenant likely to be unenforceable. Title insurance is obtained

Lesson: carry out a title investigation/risk analysis before you start

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You roll a 3 again!

•Prepare early•You may need increased planning time

•Initial construction costs may be higher but you should save money in the long term

Drafting for sustainability

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You roll a 4

Guaranteed maximum

price

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You roll a 6

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You get to roll again

and get a 2!

You make your planning application

Problem: application was invalid

Solution: make changes to ensure it complies

Lesson: employ an experienced town planner

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You roll a 3

•Opportunity: you decide to bring a developer with specialist expertise on board and your scheme is restructured

•Lesson: property development is not your core

business. Make sure you have the right

team working with you

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You roll a 2

Planning permission grantedJR challenge•Problem: a third party is threatening

to challenge your permission •Solution: work with the LPA to

present the arguments clearly to deflect the challenge

•Lesson: be alive to the risk of challenge and manage that risk even before an application is made. Work with the LPA

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You roll a 1

Control the University team

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Nearly there but…

•Opportunity: your scheme is more expensive than

expected but you obtain external funding

•Lesson: make the most of all of the

available opportunities

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You roll a 3

•Preparation, preparation, preparation

•Get the right team of advisers/consultants/partners on board at the start

•If all else fails: carry a big stick, stay out of the long grass and take the lift!

Summary