Keyland Developments – sister company to Yorkshire Water and a subsidiary of the Kelda Group – has announced plans to look to offer its services to landowners across the region.
Keyland has been operating across Yorkshire for more than 20 years, regenerating Yorkshire Water’s redundant sites.
With an extensive land bank of some 800 acres owned outright and a further 900 acres in joint venture partnerships, Keyland has a highly active development pipeline with over 6,000 residential units and in excess of 6m sq ft of commercial space.
Since the appointment of current managing director Peter Garrett in 2011, Keyland has already changed emphasis substantially with a shift away from undertaking the full development cycle with site retention and more focus on maximising the value of sites in order to progress to sale.
As a result, Keyland has built a reputation on its core strength of resolving highly complex development issues to facilitate the future development of sites. Since 2012 the team has submitted 28 planning applications with an impressive 100% success rate with planning permissions.
Until now, Keyland has worked solely on sites that Yorkshire Water has declared surplus to requirements. In a new move, the team is in discussions with representatives of a number of major landowners with interests in the north of England with a view to extending its service to them and bringing forward development on strategic sites across the region.
In the new approach, Keyland will assemble a bespoke team for each project to promote the site through the planning system, address development issues, conduct a pro-active marketing campaign and negotiate sale contracts.
M Garrett said; “Over many years we have developed a successful formula for maximising the value of strategic, and often very complex, sites and the next natural step is for us to seek to extend this reach beyond Yorkshire Water’s portfolio.
“Through working with regional landowners we hope to bring about the revival of strategic sites which have the potential to make significant regeneration contributions but have lain dormant.
“Often complexities involved with planning, legal and title issues, access or ground issues, contract negotiations and pro-active sales strategies create barriers to development but our expertise lies in overcoming these challenges.
“We also believe that there is a market for our services from major corporates who may have a cautious development approach and will value our experience of working within an organisation with a reputation worth protecting. It is incredibly exciting to be in a position where we can actively discuss opportunities to work in partnership with the region’s landowners to revive development across the north of the country.”