Our client, a family trust, needed to sell their farmland as a way to generate much needed income for the beneficiaries.
We helped the trust to negotiate the sale of former farmland to a national house builder for residential development.
Following the sale of the land we had an ongoing role to monitor the progress of the development to secure for our client overage based on sale prices achieved by the house builder. This involved regular monitoring of sales, verification of sale prices and calculation of overage based on a pre-agreed formula.
This has resulted in payments to our client to date in excess of £290k. The client has been able to benefit from our ongoing longstanding relationship, and our continued involvement in this transaction has helped them to achieve the best value.