Valuation advice for a city centre residential development site

How experience and local knowledge helped overcome ownership challenges

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Location

Birmingham, UK

Value

Gross development value of £120m

Topland Group was looking to fund the purchase of a prime residential development site in Birmingham city centre. The site had planning permission for 480 apartments across five towers up to 14-storeys tall, with a gross development value of £120m.

How we worked together

There was a complex ownership structure involving several freehold and long leasehold titles, and significant ground rent payments. The project also included the relocation of an existing occupier which meant phasing the proposed development.

We worked with both Topland Group and the developer to understand and address these issues.  With input from our residential agency team, we were able to provide accurate and market-driven valuation advice.

Resolution

By using our experience and local market knowledge, we accurately advised on all aspects of valuation affecting the property.