Development Land at £1,526 per sq m in London


Troy Steadman

London Developers' secrets are now in the public domain - incomes,
costs and profits.

Before I link you to a actual development, see if the Daytonas and John
Boyles amongst you can guesstimate it.

The development consist of:
1) 1.17 acre (4,738 sq m)
2) To build: 55 flats (31% to be affordable) and 6 x £900,000 semis
3) Cost of land - £7,400,000 - £1,526 per sq m

1) What grant is available per Social Rent unit?
2) What margin would the developer expect?
3) What margin would the contractor expect?


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