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“Bespoke Land Solutions”

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1 “Bespoke Land Solutions”
In working with clients that have redundant landholdings, that are no longer required for core activities, BXB Limited will advise companies as to how to remove non-operational assets from their balance sheet with the surrender and closure of all environmental liabilities that may have existed. Gary Goodman Director BXB Ltd

2 What we do We act for landowners and investors in delivering innovative and profitable land disposal schemes to the residential and commercial development markets. With land blight often acting as a disincentive to investment, BXB serves to realise enhanced development land value through early removal of financial, planning and liability impediments. As the planning, marketing and development processes offers significant challenges, unfamiliar to many landowners, BXB works in partnership to deliver early: investment; planning strategy and market understanding. This provides the platform for structured exit, liability transfer and value realisation.

3 Who we are BXB has four directors with collectively over 100 years experience in UK Brownfield Regeneration offering expertise in the fields. Land Acquisition and Sales Planning Corporate Finance Property and Environmental Law Remediation Contract Management With its extensive network of contacts, BXB is able to discuss potential sites on a confidential basis with key personnel in many of the PLC Housebuilders and Commercial Developers. This allows BXB to determine likely demand for land in the future and provide an understanding of local, regional and national market trends.

4 Why BXB? With customers ranging from owner occupiers to blue chip companies the key objectives for our customers are as follows: Structured Facility Closure Cash Generation for Core Business Activities Strategic Management of Land Portfolio Asset Management to meet Corporate Objectives Liability removal

5 Why Act Now? Annual house building output set to increase from 90,000 units pa to 200,000 units pa. LPA’s undertaking significant revision of local plans New Homes Bonus Scheme benefits Local Authorities Target for 70% of new development should be on brownfield land Community Infrastructure Levy could have a negative impact on land values Greenfield Development is viewed as a negative by the local community and Politicians

6 The Market UK Economy Growth Relaxation of planning rules
Structural changes with Development PLCs UK has seen a reduction in Brownfield Development “Packaged” Acquisitions Preferred Preference for development of ‘oven ready’ Sites Complex sites difficult to deliver using the Traditional Surveying Approach

7 Constraint Land with Unknown Land Value and Regeneration Cost
Disposal Options Constraint Land with Unknown Land Value and Regeneration Cost Cash Buyer Quick Sale Peppercorn Acquisition Value On-going Liability risk > RISK Development Sector Complex Disposal Risk Defined Land Value > REWARD BXB Solution Early Liability Transfer Quantification of Risk Certainty for Legacy Management

8 BXB Solution The BXB Service provides an alternative solution for land owners to effect the renewal of redundant landholdings, ring ‘fence’ environmental liabilities and thereby maximise financial return. The Market Driven Project Management service provides structured exits with: Viability Led Planning Approach; Development Driven Remedial Design; Environmental Liability Transfer Financial Engineering of Balance Sheet Assets Shared Development Risk Compliance to Corporate and Legacy Objectives

9 Outcomes Land marketed with planning consent
The key principle of the service is to enable informed negotiation of land value and associated development deductions. Land marketed with planning consent Negotiation and completion of all Planning Agreements Strategy Design and Agreement of Remedial Works Quantification of Development Abnormal Cost Land Sale Secured by Conditional Contract

10 Case Study– Albion Mill
BXB advised two private investors in the acquisition of the former Albion Chemical works in Sandbach, Cheshire. In 2006 the vehicle, Bluefield Sandbach Limited (BSL) was incorporated to acquire the 57-acre, former Albion Chemical site from Hays Chemicals, (now called Brenntag). The key terms of the deal included the following: Sale and leaseback for a term of 3 years £2.5M paid for the land. £1m placed in an escrow account for remediation of the site. £0.5M of working capital. Negotiation of an environmental deed which secure the environmental ‘liability transfer’ to BSL. Remedial works was covered by a comprehensive environmental deed. All liabilities transferred to BSL.

11 Case Study - Albion Mill
To date under the guidance of BXB, the following site specific operational consents have been successfully surrendered: Top tier COMAH Status. Waste Management License. IPPC Consent. Hazardous substance consent. BXB have successfully secure planning for a mixed-use scheme. A sale has now secured for the disposal of the site to PLC house builders for part of the site, which has planning consent for 375 residential units. It is forecasted that this disposal will and generate a profit in excess of £10m. BSL will retain circa 15 acres of development land, which is valued at circa £5m

12 Can We Assist You? Contact Address Web E-mail Tel Mob Gary Goodman
BXB Ltd ,Exchange Station, Tithebarn Street, Liverpool L2 2QP


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