Case Studies

Penniment Farm, Mansfield

Development Appraisal & Financial Modelling
Economic Viability Assessments
Planning & Development
Public Sector Funding
Site Specific S106/Affordable Housing Economic Viability Appraisals

CEG and Hallam Land Management

Background

AspinallVerdi is retained by CEG and Hallam Land Management to provide funding and economic viability advice in respect of this 430 unit scheme + employment land in Mansfield.

Issues

The key issue is economic viability.  The scheme requires substantial off-site highways and utilities works to be delivered by the developer.  In addition the Council requires a commuted sum for affordable housing and various phases of the employment land to be delivered in parallel with the housing. These issues have a substantial impact on viability.

Scope of Services

AspinallVerdi is retained to –

  • re-negotiate the S106 agreement – we have prepared a detailed Economic Viability Assessment (EVA) which has been submitted the Local Planning Authority and is being negotiated with the District Valuer, and
  • submit a Local Growth Fund bid to the HCA – this is for funding to facilitate the enabling development.
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Penniment Farm, Mansfield