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Economic Viability

Trinity Rose were appointed by to review a request from the Local Planning Authority for financial contributions in respect of a residential development, and to assess whether this could be challenged on the basis of economic viability.

Our specialist valuers were able to demonstrate that the level of contribution requested from the developer rendered the development economically unviable and provided a detailed report and valuation which was submitted to the LPA.

The report was reviewed by the LPA’s advisers, who agreed with the case we put forward. The demand for contributions was withdrawn, saving our client in excess of £175,000.