DWD was appointed in 2017 to advise a national housebuilder on the prospect of overhead electricity lines being relocated and to provide associated valuation advice.
Our client has option agreements in place with landowners to purchase over 300 acres of greenfield land located in the South East, which has a draft site allocation. The Local Planning Authority’s draft allocation proposes 1,000 new homes on the land and neighbouring land parcels.
Overhead electricity lines cross the site and impact upon the land’s development potential and residual value.
DWD undertook a review of the wayleave agreements that are in place between the electricity companies and the landowners. We worked closely with our client to understand the development implications of the overhead electricity lines remaining in place, which sterilised part of the development land. To enable our client to manage risk as they continue to promote the land we advised on the potential loss and provided strategic advice.
Please contact Emma Penson or Adam Davis for further information.