Colinhill Farm, Strathaven
The land at Colinhill Farm, Strathaven has been successfully promoted by Wallace for 200 homes, through the South Lanarkshire Local Development Plan review process. The site is now allocated in the adopted local development plan and has planning permission. The site had been openly marketed to a number of house builders. Stewart Milne and Robertson Homes have now purchased the site and are currently building homes.
PROMOTION & ENGAGEMENT
Prior to Wallace becoming involved, the land had been unsuccessfully promoted by a major house builder through previous development plan reviews.
Wallace entered into a promotion agreement with the landowners in 2012 to promote their land for development. Through extensive discussions with the Council, and Wallace having instructed and funded a full team of professional consultants, the site became a preferred residential allocation.
Following examination, the plan was adopted and the site was taken forward as a housing allocation. Wallace then worked with the Council to agree a detailed development framework document for the site that set out the principles for the planning permission.
After presenting to the landowners a detailed sale strategy, Wallace took the site to the open market for sale and a number of offers were received. Wallace, in consultation with the landowner, selected a preferred bidder and entered into a conditional contract to sell the site to two house builders each taking 50% of the site. The site has now gained a planning permission and the unconditional purchase achieved.
From the landowner’s perspective, the right planning strategy was implemented by Wallace and planning consent was achieved in under two years. The site was then sold for maximum value due to the right marketing strategy being employed by Wallace.