Today, Paul is joined by the Director of Town Centre Regeneration Ltd, David Van Der Lande, a development consultant, viability, land assembly and compulsory purchase expert with many decades of experience. He and Paul discuss how CPOs have been used historically and how they are likely to be used in the future to enable local authorities to
deliver on the government´s new housing targets.
KEY TAKEAWAYS
All local councils can use compulsory purchase powers (CPOs) to deliver a public benefit.
CPOs are still mainly used for road building and occasionally for regeneration or key infrastructure projects.
More councils are starting to once again take advantage of Compulsory Purchase Orders.
We can expect to see CPOs being used more in the near future as the government pushes local authorities to meet new housing targets.
In the past, CPOs have been used to deliver large projects, e.g. town centre regeneration, a road or a power station.
Potentially, developers could ask local authorities to use CPOs at a much more granular level. David explains how this might be done and the likelihood of success.
You have to demonstrate that the development can actually be delivered before a council will seriously back the use of CPOs.
There are rules coming down the road which might impact on capital values for certain types of land.
BEST MOMENTS
“Government has been caught out a few times by the cost of buying land using CPO powers.
So there is motivation, shall we say, to try and curtail the amount of money that has been paid to landowners.”
ABOUT THE GUEST
https://www.linkedin.com/in/david-van-der-lande-2b947413
ABOUT THE HOST
Paul Higgs is a Chartered Planning and Development Surveyor with 40+ years experience in land, planning and development and a 100% success track record in winning planning consents.
Paul undertook his first refurb project when he was just 17 and then worked his way up from labouring on building sites to becoming Head of Land for renowned plc housebuilder, Barratt Developments. He managed to escape the corporate world in 2002 to set up what is now a
multimillion-pound award-winning property development company, Millbank Group. In 2013 Paul founded the Millbank Land Academy, the UK’s first training company dedicated to property development; to teach established and aspiring developers the insider secrets
the big housebuilders don’t want you to know!
Paul is also a founding investor and former board director of the industry-leading PropTech Co, LandTech, and has lectured on Advanced Development Valuations on the MSc Property
Development at London South Bank University.
CONTACT METHOD
LinkedIn: https://www.linkedin.com/in/paul-higgs
Millbank Land Academy: https://www.millbanklandacademy.co.uk
Instagram - https://www.instagram.com/paulhiggsofficial
YouTube - https://www.youtube.com/@InsidePropertyDevelopment
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/