Real Estate Talking Points: Development back to basics: Site assembly and vacant possession

A development site may be a single plot, owned by a single owner, comprised in a single legal title. Most developers will know from bitter experience, however, that this is seldom the case. Sites are more often a patchwork of land interests, which the developer must stitch together.

Once a developer has acquired the site, it then needs to secure vacant possession, which brings a new raft of challenges.

In this alert Jack Shand summarises the key points on site assembly and vacant possession.

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