FSP advises Jaynic Properties on residential development sale
Dean Bickford, Partner in the Real Estate Team has advised Jaynic Properties in relation to its management of the sale of the 15.7 acre former Newlands School in Seaford, East Sussex.
In 2018 Jaynic Properties successfully secured outline planning consent for a 183 unit residential scheme, under a promotion agreement with the landowners. The process involved extensive consultation with residents and local interested parties.
The scheme provides 167 new-build private and affordable homes and the conversion of the original school building to provide a further 16 apartments. It will deliver public sports pitch facilities and open play areas which will benefit the local community.
Following a competitive tender process, Bellway were successful in acquiring the site.
FSP worked with Jaynic from the outset throughout the complex process, up to securing planning permission and then managing the disposal.