Carter Jonas Sells Residential Development Opportunity in Buckinghamshire
Date of Article
Aug 14 2018
Sector
Planning & Development

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@ James Bainbridge
James Bainbridge
FRICS
Partner - Head of Planning and Development Division
01865 404437 email me about James
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James is Head of the Planning and Development at Carter Jonas and is based out of our London and Oxford offices. James advises clients on proposed development projects throughout the south of England. He has over 20 years experience in residential and mixed use development acting for private, corporate, institutional, charity and public sector clients. This includes site identification, project management of planning and development strategies, valuation and viability appraisals, marketing and sale of development opportunities. He has specific expertise in options, promotion agreements, joint ventures and landowner agreements. James has been involved in sites ranging from new settlements to city centre regeneration and smaller provincial and rural schemes, and also provides expert witness and independent expert valuation services for dispute resolution.

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Carter Jonas, the national property consultancy, has sold a significant residential development opportunity on behalf of a consortium of private landowners to Abbey New Homes for in excess of the £12 million asking price.

The 15.49 acre (6.27 hectare) former agricultural site on the northern edge of Stoke Mandeville in Buckinghamshire has outline planning permission for up to 117 new homes, of which 30% will be allocated to affordable housing, and informal public open space with a children’s play area. Carter Jonas worked with Gladman Developments to gain planning permission before bringing the site to the open market.

The site is approximately 2.5 miles south of Aylesbury town centre and within walking distance (0.7 miles) of Stoke Mandeville train station, which provides connections to Oxford, London and Milton Keynes.

James Bainbridge, Head of Planning & Development, Carter Jonas said: “We identified the development potential of this well-situated site and negotiated a number of agreements to facilitate a planning permission. This included a collaboration agreement between the three landowners and a subsequent promotion agreement with Gladman. It generated a lot of interest during the informal tender process, with eleven regional and plc house builders coming forward with a bid. We were able to maximise the value of the site for the landowners with a sale at above asking price.”