Project summary
- Sale of consented development site in Shepshed, Leicestershire faster than anticipated in tough market conditions.
- Liz Truss' infamous mini-budget on 23rd September towards the end of the marketing process impacted on the market conditions.
- Negotiation of detailed Heads of Terms were key.
Solution
- Through the design and implementation of a detailed disposal strategy including a detailed sale pack, we were able to achieve unconditional offers and therefore the land could be sold in a short timescale.
- Fisher German created competitive tension through the use of interviews and Best and Final offers to ensure maximised commercial terms for our clients.
- Thorough preparation of a legal pack, including legal searches, to ensure that the legal process was streamlined and completion took place 3 weeks after the offer was accepted.
Benefits
- Maximised commercial terms and speed for our clients.
- Provision of much needed private and affordable homes in Leicestershire.
- Provision of a Section 106 package of over £500,000.
