PROMOTION AGREEMENT

PAPWORTH TRUST

for PAPWORTH TRUST & THE VARRIER-JONES FOUNDATION

Bidwells acted on behalf of the client to negotiate a promotion agreement. The promoter achieved planning permission on the client’s land. The land was then sold and sale proceeds realised.

What we did

  • Advised the client on entering into a promotion agreement with the promoter

  • Approved the planning application to ensure the site’s value was being maximised

  • Acted as marketing agent to advise on the marketing and disposal strategy and sale of the site

  • Completed the sale of the site to Flagship Housing Group

 Result

  • Negotiated a promotion agreement with the promoter
  • Promoted the site through the planning process
  • Achieved planning permission for 66 dwellings and a community building to provide a brewhouse, bakery, floor area for the consumption of food and drink and community rooms
  • Sold the site with the benefit of planning permission achieving a price in excess of £3m for the client

£3m+

land sale

 

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