Caddick Group announces new strategic land division
The Caddick Group, one of the UK’s leading family-run construction and property development businesses, has launched a new strategic land arm offering site assembly, negotiation, and promotion as well as planning services.
Focusing on the English regions, Caddick Land will offer “turnkey land solutions” to both residential and commercial developers. Unlike other strategic land companies, which typically only secure planning consent and then sell on a site, Caddick Land can help put the necessary infrastructure in place in order to make sites more viable.
The company has successfully delivered several high-profile commercial projects, most notably TJX Europe’s Crosspoint 33 distribution centre on a greenfield site near Wakefield, which was forward sold to specialist logistics investor Tritax and will create up to 1,800 jobs locally.
Spearheaded by Chris Procter, Caddick Land will sit as a separate division within the Caddick Group, allowing it to draw from the Group’s wider in-house multi-disciplinary expertise spanning civil engineering, construction and development.
Before setting up Caddick Land, Procter was previously at Resolved Renewables, which worked in partnership with the Caddick Group to deliver several multi-million-pound renewable energy schemes. Later broadening into other sectors, the company also partnered with Caddick Group to progress a number of residential and commercial schemes.
Procter will be joined by David Baker as land manager, who has several years’ experience working directly with landowners appraising sites for financial and planning viability, and Ian Laight, who joins from Caddick Developments who has a strong track-record in residential development through the delivery of over 20,000 homes during his career.
Recent projects range from assembling land totalling 160ha across multiple ownerships for 3,000 mixed-tenure homes near Harrogate, alongside care facilities, schools and GP surgeries to a high value, low density 49 home scheme in Bedfordshire.
Chris Procter, director at Caddick Land, said:
“While lots of other land companies simply come in get planning permission and sell a site, we are prepared to take a longer term view and create a turnkey land solution for commercial and residential developers by providing the necessary infrastructure to make a scheme work and maximise landowner returns.
“The creation of a strategic land division will also enable the wider Caddick Group to take a full lifecycle approach to development, from site identification through to planning and construction.”
Myles Hartley, director at Caddick, said:
“We’re delighted to welcome Chris and David to the Caddick team, the addition of the Caddick Land business represents a natural progression for the group that will continue to strengthen Caddick’s position within development and construction industry.”