Campus developments: helping you avoid the snakes and jump up the ladders Speakers:

1. Campus developments: helping you avoid the snakes and jump up the ladders Speakers: Tim Allsop, Partner Beverley Firth, Partner Stuart Pemble, Partner

2. Introduction Assumptions: • You occupy an existing campus with adjacent vacant land • Your estates strategy requires substantial new development on the adjacent land • The development is going to be as sustainable as possible

3. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE Let’s play!

4. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 2!

5. Your site is allocated in the LDF • Lesson: be aware of emerging policy documents and get involved

6. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 3!

7. Problem: site is subject to a restrictive covenant Solution: investigation shows covenant likely to be unenforceable. Title insurance is obtained Lesson: carry out a title investigation/risk analysis before you start

8. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 3 again!

9. Drafting for sustainability • Prepare early • You may need increased planning time • Initial construction costs may be higher but you should save money in the long term

10. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 4

11. Guaranteed maximum price

12. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 6

13. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You get to roll again and get a 2!

14. You make your planning application Problem: application was invalid Solution: make changes to ensure it complies Lesson: employ an experienced town planner

15. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 3

16. Opportunity: you decide to bring a developer with specialist expertise on board and your scheme is restructured • Lesson: property development is not your core business. Make sure you have the right team working with you

17. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 2

18. Planning permission granted JR challenge • Problem: a third party is threatening to challenge your permission • Solution: work with the LPA to present the arguments clearly to deflect the challenge • Lesson: be alive to the risk of challenge and manage that risk even before an application is made. Work with the LPA

19. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 1

20. Control the University team

21. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE

22. Nearly there but… • Opportunity: your scheme is more expensive than expected but you obtain external funding • Lesson: make the most of all of the available opportunities

23. 29 31 32 33 35 30 34 FINISH 25 23 28 27 26 24 22 15 19 20 16 17 18 21 14 13 12 11 10 9 8 6 7 1 2 3 4 5 STARTHERE You roll a 3

24. Summary • Preparation, preparation, preparation • Get the right team of advisers/consultants/partners on board at the start • If all else fails: carry a big stick, stay out of the long grass and take the lift!