Our experts were appointed by Brick by Brick, a private development company established by Croydon Council, having previously guided Croydon Healthcare Services NHS Trust on its strategic estate planning, and advising and negotiating terms for seven premises.
We were required to advise on a proposed primary care development in Coulsdon. Our planning team successfully secured outline planning permission for a development of 15,000 sq ft. We worked with the NHS Clinical Commissioning Group to establish demand for the development, negotiate terms and market rent.
There was an overriding lease of the premises, which is part funded from CIL contributions elsewhere in the borough. We have provided advise on the level of receipt that could be expected from a forward sale of the pre-let opportunity to an investor.