We're regularly asked to advice on potential joint venture deals. The landowner is normally motivated by some form of tax mitigation, whereas the keen developer is the one that typically can't raise the funds to buy a site outright.
The former applied in the case of this smart site in Sundridge Park. The owner had let the converted Victorian building for many years, and subsequently secured planning permission for the construction of 10 new apartments. Keen to retain ownership and income from the project but devoid of any construction expertise, we were instructed to introduce a suitable JV partner.
After many months of negotiation it became apparent that a joint venture agreement simply wouldn't work in this particular case. Instead the landowner sought funding for the entire scheme, and the developer we'd introduced secured the build contract.
We're not just selling agents - we're problem-solvers too, so if there's a piece missing from your development jigsaw give us a ring.
PROJECT ADDRESS: 61 Plaistow Lane, Bromley, Kent BR1 3TU