Welcome to Boros CRE
Welcome to Boros CRE

Contact and Appointments

Peter Boros

 

Mob: +44 7836 213 842

Tel:   +44 1189 406 335

 

Peter.Boros@Boroscre.com

 

And on Twitter!

Development Consultancy, a JV, and Project Leadership

The  concept, assembly, securing of planning consents (on appeal and also by  negotiation) and the introduction of infrastructure for this 250 acre site previously designated as a Community Woodland in the Local Plan was entirely  conceived managed and delivered to the point of sales proceeds in the bank by  Peter Boros.

 

I was  assisted by my construction manager who managed all civil works, inter-alia we  built a new District Distributor road, brought in a new foul sewer from over 2  miles away as well as all other utilities and crossing a live railway track  with a road over bridge.

 

This  project was the result of residual land being carved out of a major corporate  divestment, where my client was persuaded to retain the land for its medium  term development potential. This was a significant amount of unused farm land  and grazing marsh surrounding a major manufacturing facility in Kent, and the  decisions taken ensured a benefit to the client of c £25m net.

 

The  client accepted the advice, withheld the transfer of the land and was prepared to speculate £500,000 of seed capital to secure these results. 

 

JV Held the Key!

 

I  suggested to the client that by putting together its land with that of other
parties in the
area a sufficiently large  development site could be assembled to spread the infrastructure costsand make the whole project worthwhile.
  
 

The  approach was made; a Joint Venture was agreedbetween the landowners which also had the objective of buying further land plus a right of access  across the railway line.

 

The JV  partners agreed to provide the new JV vehicle with asmall amount of ‘seed corn’ working capital to facilitate site assembly and Planning Applications etc.

 

Financial Performance

 

The successful creation of a major development area as well as raising of the necessary funds to provide it with its  planned infrastructure needs ultimately resulted in a highly successfulproject for the JV making an overall profit of some £25 million.

 

The JV’s  risk was limited to delivering specific items of enabling infrastructure but  only after forward sales had been agreed with house builders and developers. In other words, the JV generated sufficient cash up front to deliver the infrastructure thus maximising the value of the land by delivering serviced sites to the market.

 

My Key Activities

 

I became the overall commercial manager and Project Manager for the JV and wasresponsible for recruiting and managing a large project team through the following activities and deliverables:-

 

  • Leading and Managing a team to secure all planning consents by both appeal and negotiation including negotiating a complex s106 and s 278 Agreement

  • Negotiating site assembly and access rights

  • Negotiations with Network Rail to cross the railway line

  • Arranging all necessary ecological and environmental surveys and the resulting accommodation, translocation and protection works

  • Leading a team in designing all infrastructure and services diversions for the scheme

  • Tendering the work packages

  • Managing the marketing of the first tranche of land to secure certainty of cash flow andfunding for the infrastructure

  • Tendering andletting and managing the construction contracts of each phase of infrastructure

  • Managing all subsequent sales, the selling agents and the solicitors includingincentivised fee structures

  • Agreeing each sale of land and its structuring

  • Agreeing all contractual obligations

  • Certifying all payments from the JV

  • Negotiations with all services/providers, including water drainage, power and gas

  • Negotiations with the Local Authorities for road adoption

  • Negotiations with all neighbouring landowners

  • Bringing the scheme in, in accordance with the JV business plan

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