Nick Ireland

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PROVIDING SHORT-TERM FLEXIBILITY • Planning consents beyond 3 years • Reviewing S106 package/ requirements • Re-phasing infrastructure provision • Cascade mechanisms for tenure mix Providing property services with business focus www.glhearn.com
BENEFITS OF FLEXIBILITY • In some circumstances, reducing the S106 requirement can make the scheme viable • For larger development schemes, the phasing of infrastructure can have a significant impact on cashflow. Base With 20% Drop in GDV With Reduced S106 GDV £18,500,000 £14,800,000.0 £14,800,000.0 Land £5,000,000 £5,000,000 £5,000,000 Build £6,000,000 £6,000,000 £6,000,000 Fees £800,000 £800,000 £800,000 S106 £2,000,000 £2,000,000 £450,000 Profit £4,700,000 £1,000,000 £2,550,000 % Profit on GDV 25% 7% 17% Providing property services with business focus www.glhearn.com
Page 1 and 2: RTPI Network Event: S106 - Time for
Page 3 and 4: NICK IRELAND, MRTPI • Joined GL H
Page 5 and 6: WHERE ARE WE NOW? • Falling value
Page 7 and 8: RESIDUAL DEVELOPMENT APPRAISAL SCHE
Page 9 and 10: WHERE DOES THIS LEAVE US? A funding
Page 11: EFFECTIVE PLANNING REGIME • Polic
Page 15 and 16: WHERE NEXT? • Tariff Mechanisms ?
Page 17: The End Nick Ireland: Associate Dir

Nick Ireland

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