AC
Good morning, Adam
Land Acquisition Pipeline · Yorkshire & West Yorkshire
4 Active Sites
£96.4M Pipeline GDV
19.4% Avg Margin
Active Packs
4
All in active progression
Average Margin
19.4%
All above 14% hurdle
Pending Sign-Offs
4
Across 2 packs
Depts Overdue
1
Construction — pre-start phase
Pipeline Revenue
£76.4M
Total GDV across 4 active packs
Avg £ / sq ft
—
Based on submitted schedules
Infrastructure Costs
£2.35M
Across pipeline
Professional Fees
£1.7M
Margin avg 19.4% vs 14% hurdle
Land Acquisition Packs
Site
Margin
Status
Complete
In
Progress
Progress
Not
Started
Started
Board Date
Exchange
Department Status
Updated by each department
Latest Activity
All pack activity in one place
Commercials
Planning Position
| Current Use | Greenfield / Agricultural |
| Planning Status | Pre-application submitted |
| LPA Designation | None |
| Local Plan Allocation | Housing Allocation |
| Constraints | TPOs on northern boundary |
| Pre-App Response Due | 05/05/2025 |
| Planning Consultant | Turley Associates |
Section Notes
Sarah Mitchell2h ago
Pre-app lodged with LPA. Positive initial officer response. Policy support confirmed.
Technical / Due Diligence
| Ground Conditions | Phase 1 Complete |
| Drainage Strategy | Awaiting confirmation |
| Flood Risk | Zone 1 — Low Risk |
| Ecology Survey | Complete — no constraints |
| Highway Access | Under review |
| Utilities | Gas / Electric confirmed |
| GTEC Reference | GTEC_001 v1.3 |
Section Notes
James ReidYesterday
GTEC Phase 1 received. Drainage route agreed in principle — chasing formal report.
Action: Chase drainage confirmation
Accommodation Schedule & House Types
| House Type | Units | Area / Unit (sq ft) | Total Area (sq ft) | |
|---|---|---|---|---|
| Total | — | — |
Commercial Position
Accommodation Schedule
—
Commercial Summary
| Land Price | — |
| GDV | — |
| Build Cost (Total) | — |
| Build Cost Per Plot | £146,154 |
| Margin | — |
| Hurdle Rate | 14% |
Cost Breakdown
| Infrastructure | £1,820,000 |
| Externals | £680,000 |
| Superstructure | £7,200,000 |
| Professional Fees | £540,000 |
| Contingency (8%) | £912,000 — queried at board |
| Premiums | £248,000 |
| Estimating Workbook Due | 25/03/2025 |
Section Notes
Sarah Mitchell22/03/25
Margin revised from 19.1% to 18.2% following updated land price. Still above hurdle.
Contract / Legal Position
| Contract Type | Conditional |
| Heads of Terms | Agreed |
| Internal Solicitor | Claire Tomlinson |
| External Solicitor | Eversheds LLP |
| Subject to Planning | Yes |
| Option Period | 24 months |
| Overage | 25% above base GDV |
Section Notes
Claire Tomlinson3 days ago
HOTs signed. Draft contract received. Reviewing overage provisions.
All parties must sign prior to exchange. Must be submitted no less than 28 days prior to exchange date.
Health & Safety Sign-Off
Department
H&S Status
Completed By
Date
Note: Each department must confirm their H&S sign-off before exchange can proceed. Department users can update their own status from their login.
Documents & Attachments
Drawings, surveys, programmes and supporting reports
In the full build, documents are linked to your SharePoint / Z Drive folder. Files uploaded here are associated automatically with the pack reference.
Change Log
Automatic record of every key field change — who changed it, when, and why
Field Changes
FieldPrevious ValueNew ValueChanged ByReason
Automation Rules Active
Triggered rules for this packBoard & Exec Notes
Decisions, challenges and conditions logged after each board meeting — never lost in email
Board Meeting Log
Post-meeting decisions linked to packRegional Mgmt Review
Regional management team commercial review — before exec submission
Mark Davies — Regional DirectorApproved
Commercials stack up. Land price looks fair.
Rachel Holt — Commercial ManagerQuery
Challenge contingency — feels low given the drainage risk.
Exec Submission
Submitted to Exec—
Pack sent2–3 days before meeting
DecisionPending
AC
Comments
All activity stays in the system
Team
Portfolio Analytics
Performance overview across all active land acquisition packs
Total Pipeline Value (GDV)
£96.4M
Across 4 active sites
Total Plots
291
Target: 280+ plots
Avg Days to Exchange
127
+12 days vs target
Margin vs Hurdle Rate (14%)
Department Completion Rates
Pack Progress — Completion %
Time to Exchange (Months)
Sign-Off Status by Pack
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