Promotion & Option Land Agreements
St Congar Asset Management Limited and Places for People have created at joint venture which undertakes the acquisition and promotion of residential land in the United Kingdom. We focus on small stand-alone opportunities, capable of supporting 100 – 250 residential units and we will only consider sites with strong planning potential. Opportunities identified as suitable for development by local authorities or are brownfield sites with a realistic prospect of securing planning consent within 3 to 4 years are considered.
Target equity returns between 15% to 20% IRR are considered, with a 2x equity multiple within 5 to 7 years of initial investment.