| Since 1987
ORS has promoted potential development sites totalling in excess of 1,100
acres of land. In excess of 7,000 houses have either received planning
permission or have been identified in a Local Plan.
Our core business is the strategic promotion of residential
and commercial land, at our expense and risk, through the planning system
to gain the valuable planning consent that the landowner seeks. Essentially,
we offer a service that can be obtained individually from a number of
professionals, but whereas these firms will charge the landowner for all
the specialist reports and promotional expenses, we carry these costs
ourselves earning our fee by taking a percentage of either the purchase
price of the land or the developer's selling price of each residential
unit eventually sold. Unlike a conventional builder/developer option where
land is sold to a single option holder at a "negotiated" value which may
be significantly less than the true market value, we offer consented land
to the open market, usually by formal or informal tender, thereby ensuring
that the maximum price is achieved for the landowner.
Land promotion can be a highly complex and expensive
process. We co-ordinate a multi-disciplined team of consultants (always
using the best to improve our chances of achieving a consent) and like
to involve the landowner's agent as an important member of the team. A
typical project could include Planning Consultants, Highway Engineers,
Architects, Ecologists, Environmentalists, Lawyers and often a QC to promote
the site to its best advantage through the planning process.
To secure a Promotion Agreement we will agree an up-front
payment - so the landowner realises some of the value of his asset long
before it gets to the open market, also covering the landowner's legal
and agent's costs.
Once the planning consent has been granted we work with
the landowner's agent to find a buyer from the open market. This does
not necessarily mean the land has to be sold as quickly as possible however,
we are prepared to wait for favourable market conditions to obtain the
best price.
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