For over 30 years RLE has worked with, and on behalf of, landowners and home builders to enable the development of land for residential housing, care homes and business parks. We acquire land for developer clients, often speculatively, promote land through the planning system for development.
RLE cover a very large area including London and the surrounding Home Counties such as Kent, Hampshire, Dorset, Berkshire, Bucks, Oxfordshire, Hertfordshire and Wiltshire as well as Cornwall etc.
The Company is privately owned and funded and has access to financial markets and investors for any scale of site. RLE hand pick each team based on the site and the planning constraints. Planning expertise is crucial to each project and RLE use a range of providers to triangulate opinions. Mark Doodes MRTPI is part of a retained larger team who provide much of the initial assessment expertise for RLE.
Land Promotion
We work with landowners to unlock development value. Typically this will be obtaining planning permission. The purchase price should be agreed either in terms of a fixed amount or through a formula. It is likely to be based on a land value which assumes that a planning commission will be granted that increases the value of the land from its current condition. This is the most popular form of agreement with landowners in recent years.
Unconditional Sales with Overage
This structure sees the land at a value closer to its current-use value, making no assumptions about value uplift that may arise through obtaining planning permission. However, the Overage Agreement elements will make a second payment potentially many years later upon the granting of consent from the new owner to the previous owner of the land.
Joint Ventures
This means that two parties have entered into some kind of arrangement where capital risk is shared (ie; half the promotion costs are paid in exchange for a greater share of the proceeds). The contract may also involve an agreement about working with the final development company. These arrangements are less commonplace.