LANDMARK DEVELOPMENT IN A MATURE PARKLAND SETTING

Hanstead Park, also known as the former HSBC training centre, is located in St Albans district. Bidwells acted on behalf of St Congar Land and Europa Capital to manage a bespoke marketing campaign and negotiate the sale of a trophy development site for 139 dwellings in a mature parkland setting within the metropolitan green belt.

What we did

• Explained the planning permission in detail to prospective buyers because the footprint and volume of the residential dwellings was limited to that of the existing buildings due development in the green belt 
• Understood an involved planning permission and Unilateral Undertaking requiring the conversion of Old Lodge and Hanstead House which is a Locally Listed Heritage Asset to 10 dwellings
• Tailored and managed a bespoke marketing campaign for the site including hosting viewings with foreign nationals
• Obtained competitive tenders for the development opportunity
• Negotiated a complex sale with the buyer

Result

• Completed an unconditional sale to Linden Wates (Bricket Wood) Ltd
• Maximised the purchase price of the property for the vendor
• Sale included overage arrangements which allows for surplus value to be realised