Appointed to select a joint venture partner to bring forward a major employment site close to the A1 and A19 which has been undeveloped for over 20 years.
Our Approach
Review of existing site information
Preparation of marketing strategy for site and proposed structure for JV agreement
Open market process secured interest from 9 parties
Undertaking of the competitive two stage tender process and evaluation of tender submissions – Support in finalisation of legal agreements and supporting documents between the parties
Results
Appointment of Arlington as JV partner and JV agreement (October 2024)
Proposed outline planning application across the site in (July 2025)
Phase 1 (8ha) under offer to owner occupier
Thomas Lister appointed as monitoring surveyor under the JV agreement for Homes England
Location
Cramlington, Northumberland
Client
Homes England
Services
Developer selection for Joint Venture on new 50 ha (123.5 acre) business park
