Making a mark within a masterplan
Every development has to reach a compromise with competing agendas whether from landowners, developers or local authorities. Where it is part of a wider development scheme, there are often additional considerations which demand careful negotiation and tact to navigate. This project, which began almost by chance, had more than its share of challenges, but their resolution proved the value of perseverance.
Initially skeptical about the opportunity, the TPS team reassessed it and concluded that with the right partner it was worth bidding. Anchor Hanover is the UK’s largest not-for-profit provider of housing and care for over-55s. It has an enviable track record and its standing in the sector is based on a reputation for delivery. We took the opportunity to the Anchor Hanover team, proposing TP as the development management partner.
The bid was generated between both organisations and successfully submitted by TPS. We subsequently handled the acquisition with the legal team and secured Anchor Hanover’s board approval to exchange on the purchase, subject to obtaining the necessary planning approvals.
The shape of the site led to an initial plan of a seven storey building offering 65 residential units. But further consideration of the land inspired a new idea using the topography of the site to greater advantage. A fall in the site from back to front suggested an undercroft car park. While such an approach would mean offering improved lift access for residents – Anchor normally likes everything at grade — it also enabled us to increase the units from 65 to 72, which paid for the technical demands of the undercroft. To keep to the original purchase price, we were also able to trade a surplus parcel of the site back to the land owner.