The land at Shott Farm, High Blantyre, has been successfully promoted by Wallace Land Investments for 200 homes, through the South Lanarkshire Local Development Plan review process.
The site is now allocated for residential development and has Planning Permission in Principle. It has been openly marketed to a number of home builders and a contract has been agreed with Avant Homes to purchase the site.
Proposal & Promotion
The land at High Blantyre, prior to Wallace becoming involved, had been promoted by two major house builders through previous development plan reviews. The house builders were unsuccessful in achieving an allocation or planning permission over that period.
Wallace entered into a contract with the land owners in 2012 to promote their land for development. Wallace then instructed and funded a full team of professional consultants, including public communications strategist, to take forward the promotion of the site through each stage of the local development plan review. Following the examination into the plan by the Directorate for Planning and Environmental Appeals, the plan was adopted and the site became a housing allocation. Wallace worked with the council to agree a detailed development framework document for the site which set out the principles for the Planning Permission in Principle. The planning permission has now been issued, along with the planning agreement (s.75), which was negotiated by Wallace.
In the middle of 2014, the site was taken to the open market for sale and a number of bids were received. Wallace, in consultation with the land owners, were not satisfied with the level and terms of the offers received and it was agreed to take the site off the market for 12 months. The site has now been sold 12 months later for a price and terms that were considerably more favourable than those originally offered.
From the land owner’s perspective, the right planning strategy was implemented by Wallace and planning consent was achieved in under two years. The site was then sold for maximum value due to the right marketing strategy being employed by Wallace.