This week UK Land Investments Group announced after a long and careful deliberation that it had appointed a top level planning consultancy to work on gaining planning permission on their land sites. The newly appointed consultancy will be working in conjunction with the Group’s own planning specialists, who currently supervise ongoing projects on all land sites.
The external planning company has an enviable reputation in the UK for gaining planning permission on large areas of rural land that was previously thought difficult to achieve building upon in the medium term. The firm has anticipated that it could achieve successful planning applications on a number of the Group’s sites within a 2 to 3 year period.
UK Land Investments Group’s Legal Department explained;
“Obtaining planning permission is crucial to achieving the return on investment our clients seek. While it is clear that the demand for housing in the South East is far outstripping the supply, gaining planning permission, (particularly on greenbelt sites), can never be guaranteed. Therefore it is important we bring the very best expertise possible to bear on behalf of our clients and this is why we are working with one of the best planning consultancies in the industry.”
The appointment of this planning by Delegate capital is just one of the significant responses UK Land investments Group is launching, in the wake of calls by some for the land investment business to be held more accountable for pledges and promises that are often made to clients. Some smaller firms have indicated that housing will soon be built on sites that have virtually no chance of gaining planning permission, and this has affected confidence in the industry.
UK Land Investments Group is fighting hard to re-install confidence in the industry through a number of new initiatives. These include the proposed creation of a regulatory body that will instigate strict new guidelines and ethics about careful and responsible ownership. By creating a stronger sense of trust and confidence in the land industry, the Group believes that both clients and land companies will be more successful in the future.