London Borough of Sutton
S106 Viability Review Sutton Point
The Sutton Point development is one the council’s largest regeneration project. The development comprises; 332 apartments (including an element of built to rent), 59 serviced apartments, 99 bed hotel, 25,000 sqft grade A office and 20,000 sqft retail. Due to the costs involved in bringing forward this complex brownfield development the applicant was seeking to reduce the affordable housing contribution.
Whilst at AspinallVerdi Stuart Cook, Director at Urbà undertook a review of the applicant’s viability statement following best practice set by the RICS and Planning Practice Guidance (PPG).
Stuart agreed with the developer a suitable level of affordable housing the scheme could viably provide, and was subsequently retained to review a S273 application and the late stage reviews.
S106 Viability Lot’s Ait, Hounslow
The client was seeking a planning permission to redevelop a small island site on the River Thames. The site comprised existing workshops and canal boat moorings. The client was seeking to develop the site for 9 units of flexible commercial space (E, B2 and B8 uses) totaling 10,525 sqft and 40 apartments which include 1, 2 and 3 bed-flats. Viability was challenging due to the abnormal costs of bringing forward an island site along with the non-viable nature of re-providing employment space.
Whilst at AspinallVerdi Stuart Cook, Director at Urbà undertook a viability assessment following best practice set out in the PPG and RICS Professional Statement, Financial viability in planning: conduct and reporting.
Stuart provided a detailed evidenced based S106 Viability Statement which was used to support the negotiations in the planning application.