From planning strategy to a consented development opportunity.
An airspace development progressed by Tay from pre-application through planning and technical preparation before the consented opportunity was sold.
Six × two-bedroom apartments
Six new homes above an existing building.
Tay identified the potential to create six new two-bedroom apartments through airspace development above an existing property in Watford. Rather than acquiring a fully prepared consent, Tay became involved much earlier in the development process and progressed the opportunity towards a deliverable scheme.
Pre-application & Consent
Submitted pre-application before progressing the scheme through the planning process and securing consent for six new two-bedroom apartments.
Site Investigation
Site-specific ground investigation works were commissioned and completed to support the development strategy and technical due diligence.
Section 5 Notices
Worked with freeholders to ensure that the required Section 5 notices were served and managed through the process.
Conditions Discharge
Progressed the project through the discharge of the relevant pre-commencement conditions so that the consent was materially closer to implementation.
Consented & Sold
Following the planning, technical and legal work, Tay sold the consented development opportunity.
Creating value before construction starts.
Watford demonstrates Tay's ability to create value at an earlier stage of the development process; identifying an opportunity, progressing planning, dealing with technical and legal requirements and preparing a scheme for delivery. The development opportunity was then sold with planning consent in place.
A different kind of development story.
Much of Tay's activity involves acquiring sites with planning consent and delivering construction. Watford sits elsewhere on the spectrum—it shows our capability to identify, strategy and progress opportunities that create value before a shovel ever enters the ground. That makes Watford an important part of our development narrative.
Interested in our development strategy capability?