AHC have been working with a Sevenoaks-based property company, the Regalpoint since 2016. They are an experienced developer, set up by Tony Porter & John Griggs around 20 years ago, and are principally involved in the residential development sector operating throughout Kent, Sussex and Surrey. They specialise in new build houses and apartments, generally with schemes ranging from one to twenty units. Regalpoint Homes has an exciting collection of new home developments planned in premier locations details of which are featured on their website:
Their expertise is also channelled into the following:
mixed use schemes
obtain planning consents on land for onward sale
identifying and assembling strategic land working with the landowners to promote their sites and unlock value utilising their planning expertise through the local plan process
More recently they have been involved in a substantial commercial development site in Byfleet. The details, which are set out below, involved AHC providing development consultancy working closely with Graham Brown and Jack Booth, who are directors in the Savills National Industrial & Logistics team.
Regalpoint Development Requirements
Our clients are continuing to expand and we are currently seeking the following on their behalf :
Land for residential development in Kent, Surrey , Sussex, and in the Greater London Southern Boroughs, for up to 20 units for houses or apartments
Mixed use schemes combining residential with A1, A3 or B1 uses
Sites for the promotion of land for commercial and residential development through the local. plan system
Byfleet Case Study
In 2017 Regalpoint had an unconditional bid for a 20 acre site accepted with an intent to seek consent for residential development. The land in question had various issues to be addressed including flooding and both the overhead pylons and underground electric power cables. The boundaries of the land were a canal, a motorway , a railway and residential property along the Byfleet Road frontage.
The site was previously included in the local plan with a SLAA allocation, as a reserve housing site, which initially prompted the interest of Regalpoint. However after discussion with AHC the strategy changed to the pursuit of a consent for employment through an allocation in the emerging Local Plan. Graham’s colleagues in Savills planning team were instructed and representations made. The Local Plan was adopted in July 2020 and the rear land now has been zoned for employment development totalling circa 200,000 sq ft.
Working with Savills a short list of potential purchasers was identified and a deal agreed with Graftongate to acquire a substantial amount of the site leaving Regalpoint with a site of approx. 1 acre fronting onto Byfleet Road. Regalpoint will also receive an overage payment from Graftongate when consent is granted on the land for employment use.
In summary AHC’s advice , and Savills expert knowledge of the logistics market, has led to a solution which has improved the outcome for Regalpoint and on a risk free basis. AHC and Savills have been retained to advise on the overage settlement and in respect of the disposal of the frontage land as indicated below.