Cooke & Arkwright is frequently asked to advise on specific development proposals and wider area development/regeneration schemes. Cooke & Arkwright is involved in such appraisals in its own right or as part of a wider multi-disciplinary team, where it brings its implementation knowledge
Michael Lawley BSc. FRICS MCIArb Chairman
Andrew Gardner BSc MRICS Managing Director
Tel: (029) 20 346346
Development Appraisals ranging from preliminary outline reviews to detailed implementation appraisals can be produced using the KEL and ACCESS development and investment appraisal software packages used by Cooke & Arkwright. Its input into this process is required generally in terms of market intelligence on sales values, take up rates, occupier profile and the optimum scheme. This involves working closely with the developer and other professionals.
Development Studies are undertaken for both public and private sector clients, often as part of multi-disciplinary studies covering, for example, town centres, waterfront development schemes, regeneration/reclamation sites often currently with a focus on Objective One funding areas.
Feasibility Studies are undertaken to ascertain not only the financial feasibility of a scheme but also its market feasibility and often the level of grant support needed. These are undertaken for both public and private sector clients.
Many UK based clients ask for periodic, or one off, reports on market sectors within Wales to help to inform their property strategy and also for internal charging reasons
Scheme Appraisals will involve a development/financial appraisal being carried out but will also involve comments on the market potential of particular scheme proposals based on prevailing market conditions. This will often involve working closely with the developer, its architects, quantity surveyors and other advisors.
Where land is being promoted for development status (in the case of greenfield sites), or where a change of use is being contemplated (in the case of brownfield sites) advice is required on the appropriate land use taking into account planning policies, the level of return, risk and other factors. This is provided in a land use appraisal.