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NORTHERN TRUST’S STRATEGIC LAND TEAM ENJOYS SUCCESSFUL 12 MONTHS

13th July 2021

The Strategic Land team at Northern Trust has enjoyed a successful 12 months, finishing the financial year off strongly with completions on five residential land sales including sales to Vistry, Gleeson & Bellway which will see the delivery of over 1,000 new homes. During the year, the team has also secured new promotional sites with a mixture of PLC’s and Private landowners for over 1,000 acres.

Looking forward, the team is actively working on a further ten, live mixed used planning applications with the potential to deliver another 3,000 homes alongside employment space in the next 12 months.

Northern Trust is one of the most successful and long established land promotion company’s in the Country, with a land bank of over 5,000 acres, and is actively looking for further residential and commercial land opportunities to purchase or promote throughout the UK. 

Director, Mike Grindrod commented “The team has performed outstandingly well in very difficult market conditions, particularly as most local authority planning personnel have been working from home throughout the pandemic. Securing new opportunities has also been a challenge given the restrictions on meetings and travel. The team has an exciting pipeline of new sites coming forward to feed the high level of demand for consented residential sites from developers as the industry strives to achieve the government’s target of 300,000 new homes a year.”

With current projects, covering over 50 sites and incorporating a mixture of uses there is the potential to deliver more than 10,000 new homes. The team has extensive experience of working with private and public landowners, which has included private individuals / families and organisations.

Northern Trust has the flexibility to consider site acquisitions on an unconditional or conditional basis, joint ventures and promotion agreements for both residential and commercial sites. If you are a landowner and want to maximise the value of your land either on a sale or promotional basis, then please contact a member of the team to discuss. 

 

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