Last edited 29 Jan 2019

Development appraisal

Development appraisal involves research into constraints and opportunities evolving from the location, legal and planning aspects of potential sites as well as their physical characteristics.

This can be a complex process, and independent client advisers may be required by the client to supplement in-house expertise and assist research and evaluation. This might include:

Potential sites will need to fit reflect the developers corporate strategy in relation to:

Research into legal issues may include:

Government policy on planning is now set out in the National Planning Policy Framework. When considering potential sites, developers may which to consider whether the proposed development will impact on, or be impacted by:

NB: For more information on the powers and influence of local authorities and local communities on local planning policy and permissions see the article on the National Planning Policy Framework.

Key physical characteristics of a potential site will need to be assessed. This assessment might include:

NB: For additional information see articles on technical due diligence, site appraisals, site information and site surveys.

Market research might include:

  • Estimate of time before the development is completed
  • Local amenities attractive to the market, such as; location, ease of parking , public transportation.
  • The scale of potential tenants' or purchasers' requirements.
  • Site and local features that may be attractive to future tenants or purchasers.
  • Lessons learned from similar developments.
  • Current demand and competing supply of facilities coming onto the market within the timeframe of the development.
  • Future proofing building requirements.
  • National and regional economic trends.
  • The potential effect of technical change.
  • The potential effect of social trends such
  • The potential effect of changes in working practices.

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