Plot 5, Elephant Park
Residential, Advisory, Advisory - Residential Valuation
ASK Partners
This project was worked on by the following people, working in partnership from across our business…
- Oliver Chivers Partner, Advisory - Residential Valuation
- Jack Hitchcock Senior Surveyor, Advisory - Residential Valuation
Key information
Long-standing clients ASK Partners approached Montagu Evans’ Residential Valuation team to provide valuation advice in respect of their proposed financing of HUB and H.I.G. Capital’s acquisition of a 1.2-acre development site in Elephant & Castle. The site constituted the final undeveloped parcel within Lendlease’s Elephant Park masterplan and benefited from outline planning permission for residential and detailed consent for an office development. ASK were providing a debt facility to support the acquisition and the promotion of the site for redevelopment.
The developer’s business plan was to seek a new planning consent for a residential-led scheme of significant scale, including co-living homes, affordable homes, new public realm, ground floor retail and a health hub.
Our valuation needed to reflect this strategy, assessing the challenges and risks of securing planning consent, analysing the co-living, affordable housing, retail and healthcare sectors, and preparing complex residual appraisals.
View our Residential Valuation page
Using our development valuation expertise, strong understanding of planning risk and knowledge of the co-living and affordable housing sectors, Montagu Evans was able to provide a detailed valuation report setting out our advice to ASK in a timely manner, allowing the acquisition and financing to complete on schedule.