Optimis has successfully reduced section 106 requirements for affordable housing in Reading
Early into the New Year and Optimis can celebrate the receipt of planning permission for a residential development in Reading, Berkshire. After a protracted negotiation on planning obligations associated with a nine unit residential development project near to the centre of Reading Town Centre, a section 106 was signed in in early January. Optimis argued that the viability of the project was threatened by the imposition of unsubstantiated planning requirement for a modest development. Using viability analysis Optimis was able to successfully reduce the section 106 requirements for affordable by around £130,000. Although the Council was keen to maintain their position, the realisation that the evidence, robustly presented by Optimis, gave them little justification to request more.
Author: Justin Wickersham