Head of Farms, Estates and Rural Land | Real Estate | Private Wealth
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In order to meet the needs of future sustainable development, there is now a need to amend strategic land and development agreements.
It is currently a time of great change with the Government’s 2030 target to end new petrol and diesel vehicle sales fast approaching alongside the phased withdrawal of gas for new build developments from 2025 under the proposed Future Homes Standard.
In line with this, most planning authorities are presently reviewing planning policies in order to adapt to their previously declared Climate Emergencies and Zero Carbon strategies.
With these and other changes taking place, developers and landowners would do well to consider whether their strategic land agreements are fit for purpose. Without careful consideration, the strategic land agreements being entered into today may not secure all necessary land rights and interests required to undertake new development 10-15 years in the future.
To help you to avoid the most common pitfalls we have put together a list of the major areas where current agreements could be found wanting, and new factors to consider when acquiring strategic land:
There is quite a lot that parties can achieve in relation to strategic land agreements which are currently under negotiation in order to anticipate and mitigate these changes.
We are now looking at how some of this "future track" can be incorporated into existing arrangements without upending what may be sensitive commercial relationships between landowners and developers.
With our recent experience of major projects, our multi-disciplinary team is ideally placed to guide you through the processes involved in strategic land acquisitions. Get in touch with our key contacts to see how we can help.