The two usual ways of promoting land for development are typically by way of either a Promotion Agreement or an Option Agreement
In either case, Sigma Strategic Land will not own the land so the landowner is free to continue to use the land and to collect any rent or other income from the land whilst planning permission is being obtained. There are subtle, but distinct differences between these two forms of agreement:
What is a Promotion Agreement?
Sigma Strategic Land act on behalf of the landowner to promote and obtain planning permission. Once planning permission is obtained the site is marketed and sold to the best bidder at the time. Our return is by way of pre agreed split of the purchase price.
What is an Option Agreement?
Sigma Strategic Land have the option to purchase the site from the landowner once planning permission is granted at an agreed discount to the value of the site with the benefit of the planning permission obtained.
To discuss these options further and to find out which is the best for you, please contact our land & planning team.
Working in partnership with you
The costs and technical expertise involved in successfully promoting a site for development are considerable. Sigma Strategic Land take that financial risk and once planning permission is obtained, then either purchase the site at market value or advertise and sell the site to the highest bidder upon your behalf.
We only take our return from the proceeds of sale when the site is sold, so our objectives and those of the landowners are aligned from the very outset: to maximise the development value of the land within the shortest possible timescale.
Contact our team