U AND I GROUP 
By 24 Jan 2012
Barwood Development Securities Ltd (BDSL), a joint venture
between Barwood and Development Securities PLC, today
announces that it has joined forces with a client of Aberdeen
Asset Management to set up a £15 million fund that will focus
on promoting unallocated land through the planning process
for primarily residential development.
Several sites have already been secured into the new fund and
the fund is actively seeking further opportunities throughout
the UK.BDSL will consider a broad range of opportunities from
small stand alone sites to major urban extensions and mixed
use development opportunities.Opportunities can be structured
by way of:
- Joint ventures with landowners to maximise the value of their land by promoting it through the planning process.The consented land is then sold in the open market following receipt of planning consent in order to maximize sale receipts; the fund takes a profit share from the sale receipts
- Outright purchase of freeholds with or without an uplift provision
- Option to purchase subject to planning
"We are delighted that Aberdeen Asset Management has
recognised the fantastic opportunity to achieve strong
returns from deliverable and sustainable land planning
opportunities in the medium term."Jamie Gibbins - Managing
Director, BDSL.
or contact Jo Greenslade on 08701 677600.
Notes to editors
About Barwood
Barwood is an entrepreneurial UK property investor and
developer. The Barwood team has a proven track record
throughout the Midlands, East Anglia and the South of England
and adopts a hands on dynamic approach at every stage of the
process, including securing sites with landowners, the
promotion of sites through the intricacies of the UK planning
system and the end sale of the consented land to maximize
sale receipts.
About Development Securities
Development Securities PLC is an experienced, FTSE-listed, UK
property investor and developer. It applies a creative and
expert approach to complex and major developments, strategic
investment and asset management in order to create maximum
value for its shareholders. The Company follows a consistent
risk-averse strategy built on low levels of gearing and
financial risk sharing. Its major schemes under development
are forward-funded by leading institutional
partners.
Since July 2009, Development Securities has completed two
capital raises, generating £200 million of new equity. The
proceeds of this raised equity have been largely invested in
selected secondary assets with the potential for development
into prime or near-prime, with more than 40 deals completed
in the period.
About Aberdeen Asset Management
Aberdeen Asset Management PLC is a global investment
management group, managing assets for both institutional and
retail clients from offices around the world.As at 30
September 2011 it had £170.0 billion under
management.Aberdeen was advised by Bidwells Property
Consultancy.
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