CASE STUDY: The Importance of Independent Viability Assessments on Development Profitability

In 2022, Parkinson Real Estate advised clients on over 500 acres of Development land proving over 15,000 new build and converted dwellings and Mitigated over £50m in section 106 contributions through strategic advice and negotiation, following which, we have seen significant increases to our client’s construction and development costs in the past 12 months. This has placed significant pressure upon an already fragile market.

As Chartered Valuation Surveyors and Development consultants Parkinson Real Estate specialises in providing viability assessments, advice, and negotiations for both local authorities and developers. This unique perspective from both sides of the negotiations supports our clients’ applications in terms of strategies, credibility, and content.

Parkinson Real Estate has an exceptional track record in terms of the mitigation of S106 contributions for developers and the defence / retention of S106 contributions for Local Authorities.

Our overview of S106 Agreement can be viewed here S106 Overview

How can we help you?

The key to our effectiveness is early involvement at a design stage (pre LA planning contact) as we have recently seen substantial increases in instructions to rescue viability negotiations that have been prejudiced by inadequate viability submissions.

If you have any aspirations for planning permission, are struggling with S106 negotiations or are considering an appeal we can always add value through our expertise and experience.

We will make certain your S106 commuted sums are viable, deliverable and proportionate to your development.

If you have any S106 issues, let us resolve them.  Contact Mark Smith for further details.


Mark Smith BSc (Hons) MRICS

RICS Registered Valuer

Director – Valuation Advisory

M: 07796 825618  


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