Otterlo works in partnership with institutional landowners with under-performing assets - helping reconcile obligations to maximise value with minimising risk exposure 

 
 

If you represent a landowner and are interested to know more, please get in touch.

 

Otterlo formulates bespoke development agreement frameworks suitable for institutional, public, and private landowners. These frameworks allow the landowner to place their asset into a development partnership whilst remaining insulated from the development risk.

This approach allows landowners to capture a significant part of the development gain. Depending on longterm goals, this value can be extracted following completion of the development and/or consolidated in the form of an enhanced asset fit for 21st Century purpose.

Otterlo's first development agreement was with The Corporation of Trinity House, a maritime charity granted Royal Charter by Henry VIII in 1514. We were selected to redevelop an urban block within The Corporation's Trinity Village Estate in Borough.

 

On completion July 2019 The Corporation was handed the redeveloped site with a Grade A commercial unit and a portfolio of apartments.

We are working on a similar basis with The Royal Foundation of St Katharine's. A Royal Peculiar Charity set up in 1147 by Queen Matilda to provide outreach to East London's poor. The partnership is working up plans to deliver a mixed use scheme in Limehouse which will expand, around a 21st Century quadrangle. The Foundation will be handed back the redeveloped site with facilities to expand their current activities: worship, retreat, hospitality and community outreach. 

If you represent a landowner and are interested to know more, please get in touch.

G P Hockley, Commander Royal Navy and Secretary to The Corporation of Trinity House:

“We were delighted when planning permission was successfully obtained last year; the fact that it was achieved on program reflects the considerable efforts by Otterlo and their partners, Acorn & Galliard, put into the community engagement, consideration of our requirements and constraints, and the outstanding design.

 

Since then they have fully engaged with us and the contractors ensuring clear understanding between all parties. The team have also worked hard to avoid foreseeable problems and overcome the unforeseeable.

As a charity taking on a project of this nature, it has been of real benefit to work with such diligent and forward-looking developers who have assumed the risk of the project, and allowed the charity to maintain and benefit from its investment property holdings. Once complete, this development will invigorate Trinity Village and will bolster the sustainability and growth of the Trinity House Maritime Charity’s work in support of maritime benevolence, education and safety at sea”

OTTERLO LONDON

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