Silk Street viability assessment May 2014

Following a Freedom of Information request, we received a heavily redacted copy of the viability assessment commissioned by Cheshire East in May 2014. This, as expected, shows little more than that Wilson Bowden’s sums about the costs and profitability of the development add up – based on their own assumptions of how many units will be let.

It does point out that the low profit margin of 13.4% allowed for in Wilson Bowden’s original calculations would not normally be an acceptable level of return for a developer and that this margin has now dropped to 13.1%, but states that as Wilson Bowden are happy to proceed on this basis then the development is considered viable.

Read the May 2014 Silk Street viability assessment

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