Stewardship: Build to Last
Stewardship is an age-old concept for landowners, but it is fast becoming the buzzword in development.
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Central to Knight Frank’s involvement with the Building Better, Building Beautiful Commission (BBBBC) – a group advising the government on how to promote and increase the use of high-quality design – is the aim to incentivise responsibility to the future, through stewardship of land and infrastructure development.
Our research for the BBBBC identified that longer-term investment engendered a more sustainable, resilient, economically productive and beautifully built product while delivering more value for landowners. The stewardship model encourages landowners to maintain a beneficial interest throughout development projects until homes are sold. The development activity is captured within a development partnership agreement, such as an Agreement for Lease, providing the landscape for delivering ‘good growth’.
Watch this space, as Knight Frank is supporting the advocacy of a package of measures to encourage landowners to adopt the Stewardship Model.
Get in touch for a copy of our research for the Commission, or to discuss the Stewardship Model.
Charlie Dugdale, Residential Development