S106 Management acted for the applicant in this case through viability reporting and negotiations.
The scheme comprised a commercial building being redeveloped as a 15-flat built to rent (BTR) scheme.
S106M provided a detailed viability report to support the application which was reviewed by the council’s consultant.
The key points contested by the council’s consultant were build cost methodology, profit margin and the commercial valuation of the existing building.
We discussed these inputs at length, providing extensive precedent and market evidence to support the assumptions made.
Following this a compromise outcome was agreed of a £10,000 cash in lieu contribution.
Contact us today to discuss your s106 affordable housing viability needs.