We have been very active in campaigning for transparency in viability testing. Viability assessments are a key factor in any planning application as they determine the level of planning obligations available for affordable housing. They are also routinely used as justification to breach policy requirements on the number of parking spaces and reduce contributions towards public infrastructure.
Following the publication of Part 1 our Viability for Dummies hanbook, we have had some success in obtaining viability information via the Information Commissioner and the Tribunal system.
Following our success in obtaining the viability assessment for the Heygate redevelopment, media pressure has resulted in three boroughs introducing policies to make viability assessments public (Islington, Greenwich and Southwark). It is understood that the Mayor is currently drafting supplementary planning guidance on viability testing.
Part 2 of Viability for Dummies will explain how viability assessments work and how to understand and challenge most of the basic assumptions using publicly available information. In the meantime this talk by Guardian reporter Olly Wainwright gives a good introduction to viability testing and how developers cook the books (starts around 11mins in).
Collated viability assessments
Heygate Viability Assessment
Appendix 6 (Existing Use Refurbishment Costs)
Appendix 7 (Existing Private Values Summary)
Appendix 8 (Existing Affordable Appraisal)
Appendix 9 (Existing Retail Values Summary)
Appendix 10 (Existing Office Values Summary)
Appendix 11 (Existing Use Value Appraisal)
Appendix 12 (Proposed Residential Values Report)
Appendix 13 (Proposed Affordable Appraisal)
Appendix 16 (Proposed Build Cost Estimate)
Appendix 17 (Budget Savings Letter)
Appendix 20 (Oxford Economics House Price Report)
Miscellaneous re-requested illegible pages
Canada Water (Site C - Decathlon)
Financial viability assessment for Canada Water Regeneration Site C - (Decathlon site).
Financial viability assessment for Wilmer Place - Stoke Newington High St.
Financial viability assessment for Neo Bankside development on London’s South Bank.
Financial viability assessment for 8 Albert Embankment (London Fire Brigade Headquarters) redevelopment.
Greenwich Peninsula (east) redevelopment
Greenwich Peninsula (west) redevelopment
Poplar Business Park
Financial viability assessment for Poplar Business Park development.
St Ann’s Hospital redevelopment (Haringey)
Independent appraisal for the redevelopment of St Ann’s Hospital in Haringey.
Shepherd’s Bush Market redevelopment
Financial viability assessment for the redevelopment of Shepherd’s Bush Market.
West Ham Stadium development
Financial viability assessment and appraisal reports for the West Ham Stadium development in Newham.
Financial viability assessment (GLA toolkit) for a residential development in Wilds Rents Bermondsey.
87 Cleveland St (Westminster)
Appraisal of financial viability assessment for 87 Cleveland St in Westminster.
Soda Studios (Hackney)
Financial Viability Assessment for the redevelopment of the Soda Studios in Hackney.
Financial viability assessment for the redevelopment of Skipton House at Elephant & Castle.