What is a Promotion Agreement?
Catesby Estates uses its resources to fund the promotion of the land through the planning process. Once planning permission has been achieved the site is then sold for the highest possible return.
The landowner is consulted during the whole process and our return is based on a pre agreed spilt of the sales proceeds.
What is a Option Agreement?
An option agreement is a legal agreement made between a landowner and Catesby Estates. In return for a non-refundable sum of money, Catesby Estates has a legally binding option to purchase the land at some point in the future. This period of time is known as an “option period”.
What is a Purchase Agreement?
For landowners wishing to dispose of land quickly, an outright purchase agreement of the land by Catesby Estates can be agreed. This can be with an overage in favour of the landowners to capture the uplift in value when a planning consent has been obtained.
How much land is Catesby Estates currently promoting?
Over 66 sites, 1,673 acres and 9,067 new homes. Visit our land sites page for more information.
Difference between Greenbelt, Greenfield & Brownfield?
Greenbelt is protected from development and is designated around certain cities and large built up areas. It has the following aims:
To check the unrestricted sprawl of large built-up areas
To prevent neighbouring towns from merging into one another
To assist in safeguarding the countryside from encroachment
To preserve the setting and special character of historic towns
To assist in urban regeneration, by encouraging the recycling of derelict and other urban land
Greenfield land is usually farmland, that has not been developed, and has no statutory protection.
Brownfield Land is land which is, or was occupied by a permanent structure, including the curtilage of the developed land and any associated fixed surface infrastructure. These sites have already been developed so their use for housing reduces urban sprawl.
What is a Section 106 Agreement?
A Section 106 Agreement is an obligation which makes a development proposal acceptable in planning terms. This can include a sum of money to the Local Authority to be used for other purposes or a restriction on part of the site or its use.