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Land Bank? Act Now

14th August 2008

As land banks sit lifeless and buyer confidence slips once more, sellers should be reminded that although industry growth is stinted, ecological impacts on site are rising daily.

Whether a given site is destined for the cold store or it waits in limbo for a developer to see its potential, dealing with ecological issues now is guaranteed to pay dividends. Making sites attractive and worth the punt is as ever, down to risk. If sellers are to achieve optimal land values then reducing ecological risk could be the key. A sterile site that is free from ecological constraints and ready to work is far more likely to get snapped up.

There are ways and means to overcome these issues and incorporating the right skills base can solve issues quickly and efficiently.

Issues such as invasive weed removal, vegetation clearance and populations of Great crested newts, reptiles, snakes, water voles, bat and badgers, all cost money to resolve, however these costs spiral with every growing and breeding season that passes and land values shrink the more established these ecological environments become.

What to do? Get the right people involved now! There are multidiscipline organisations with the full spectrum skills base that can save developers hundreds of thousands of pounds in the space of a year and that can increase land values immediately. The phases of this process have traditionally been distinct and without continuity, however, for the first time consultancies and ecological contractors have put their heads together to develop a system that offers clients a complete design and seamless implementation service.

This joined up approach to ecological mitigation on land bank sites gives clients a guarantee of a prompt, high quality and seamless service. If these problems are dealt with early they will not impact negatively later, at a time that critical deadlines are becoming tighter and more pivotal.