Estate Management 

and planning advice

For Market Deeping Estate

The Estate comprises mainly farmland, most of which is earmarked for development. In 2014, the Trustees chose to sell off the farmland which did not have development potential. Of the land retained, planning permission for a mixed-use development, including 240 houses, has already been achieved. The Estate, with Bidwells’ support, is continuing to promote the remainder of the land through the local plan for 700-800 houses. The retained land to be developed continues to be farmed with Bidwells managing this arrangement.

 What we did

 

  • Worked with the Trustees to fully understand their requirements for the Estate

  • Understood that the Trustees wished to release capital, and the options were carefully considered, the land parcels were scrutinised to ensure land with development potential was retained, and the remainder was sold at the optimum time to achieve the best value

  • Advised the Trustees as to how best to capitalise on the development potential. Our experience in this field enables us to fully assess the options; from engaging with a promotor to securing an option agreement, we were able to put forward the pros and cons to the landowner enabling them to make a fully informed decision, taking risk and reward into careful consideration

  • Continue to look after the retained land, enabling the Trustees to focus on the development scheme and their other interests outside of the Estate

Result

 

  • Prime agricultural value for the nondevelopment land was achieved by marketing and selling the land at the optimum time

  • Bidwells has demonstrated flexibility by adapting to the changes in the composition and direction of the Estate

  • Engaged with Bidwells’ planning team and combined, both divisions successfully achieved two large-scale planning permissions with support from a promoter

  • Bidwells continues to promote the remainder of the developable land inhouse

 

240

New Homes

 

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