Global Logistic Property

Iceni Projects was instructed by Global Logistic Property (GLP) to undertake a due diligence portfolio review on the acquisition of the UK development pipeline of Gazeley (pre-planning / planning) portfolio.

The acquisition by GLP ultimately won ‘Corporate Deal of the Year’ at the 2018 Property Awards and represents access to the largest industrial development pipeline in the country. Iceni’s strategic level advice on the development potential and likelihood of success of individual sites across the country contributed towards a successful outcome in discussions.

Iceni’s portfolio review service provided a clear and concise format in which investors and those operating outside of the UK were able to use to review and analyse planning matters associated with each site. This included a review of: the historic planning decisions and conditions associated with each permission; legal obligations enforced by the Local Authority; state of implementation of development on each site; current and future zoning on each site; recommended actions and questions for clarity; and discreet liaison with relevant local authority personnel to obtain the most up to date position on each asset and provide appropriate planning strategy advice.

This service served to add value to the acquisition by providing an independent opinion on planning matters associated with the portfolio. Our commercial and strategic capabilities allowed us to identify key opportunities to diversify the current planning position on a number of sites, which could be influenced by national and local infrastructure changes, including HS2.

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