Project summary
- Promotion Agreement exchange with Clarendon Land & Development to promote the 25 acre parcel.
- After a competitive marketing process, Clarendon Land & Development were selected to maximise the financial return to the landowner.
- Fisher German advised the landowner throughout the marketing and legal process to ensure maximum value was derived.
Solution
- A competitive marketing process provided a range of offers including option and promotion agreements to promote the site for residential development.
- Clarendon Land & Development were chosen due to their excellent track record in promoting greenfield development sites.
- We ensured that regular legal calls were undertaken to overcome the legal issues that arose and retain focus.
Benefits
- A robust promotion agreement was completed and Clarendon Land & Development are now promoting the land for residential development.
- The terms achieved were very competitive and ensured the landowners interests were aligned with the promotion partner.
- The legal issues were overcome successfully with solutions in place to mitigate risks for the landowner.
