CPO Convention 2022
The purpose of this CPO Convention is to focus on some of the prominent and key areas of CPO practice. It delivers a nuts and bolts review of important and contentious practical matters; and is aimed at those who do CPO work; whether for those working and advising acquiring authorities and those representing claimants.
|20 September 2022||Burges Salmon LLP, London||£160||BOOK|
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
There is a general recognition that urban renewal - whether that be infrastructure, housing, town centre regeneration or business and retail parks – all provide a catalyst to economic wellbeing – both for the immediate community as well as UK plc. After the shock and costs associated with COVID, lockdowns, and working from home, and a general shift in working behaviours, there needs to be a concerted and focused effort at getting the these drivers moving once more.
- What is the economic health of the property development industry; and where does compulsory purchase fit in?
- With the shelving of the great planning reforms, what are the Government’s new policies – for bringing forward schemes.
Compulsory Purchase Order (CPO) powers are effective and bringing forward land for all of the above, with a certainty and a potentially short time scale that would make most property developers jealous. We thus have a vital role to deliver schemes, whilst ensuring those affected are able to receive fair and just compensation.
The CPO convention plays a central role in focusing on the core skills needed to professionals. The speakers represent the range of professional disciplines involved in the CPO process and are members of the Compulsory Purchase Association. They are able to offer an insight into the nuances of the CPO process as well as providing guidance on how to avoid the and pitfalls and what represents best practice.
- Gary Soloman, Partner, Burges Salmon LLP, CPA Wales Chair
- Virginia Blackman, Principal - National Head Site Assembly & Compulsory Purchase, Avison Young
- John Sayer MRICS ACIArb, Head of Regeneration, Ardent
- Dan Knowles LLB (Hons) PG Dip MRICS, Director, Sawyer Fielding Ltd
- Stephen Walker MRICS, Executive Director - Head of Compulsory Purchase, CBRE
- Gavin Pearson, Managing Director - Forensic, Quantuma
Welcome and Introduction from the event Chair, Gary Soloman
Economic and Policy Background and Outlook for Planning, Land Assembly and Regeneration
- The impact of COVID, war, inflation, the demise of the Planning revolution
- The cost of money. How does it impact risk and the flow of money for regeneration
- Need to link planning, regeneration and access to money and managing financial risk available to local and central government for schemes
- The consequences on the ground for schemes still planned, for schemes that are confirmed but yet to begin, and for those where the shovels are already in use?
- What are the Government policies?
- The levelling up agenda in regards to CPO work
- What does levelling up really mean?
- Joint Ventures between Private and Public for regeneration and housing schemes
- CPO indemnity schemes
- Is there a loss of direction in London and the SE?
10 Tips and Traps for the Unwary Acquiring Authority
- Using the right powers
- Time limits
- Engagement and negotiating strategies
- Compensation offers and incentives
- Employing external consultants
- Referencing and serving notices
- Relocation strategies
- Blight: statutory Blight and discretionary blight
- GVD and NTT – which is best?
10 Tips and Traps for the Unwary Claimant Advisor
- Ensuring the AA doesn’t breach their statutory duties
- Understand the claimant, and upskill them to your duties, their duties
- AAs wont accept excessive charge rates, nor clocking up the hours
- Identifying the heads of claim
- Valuation methodology
- Compiling your compensation claim
- Knowing when you are out of your depth with a complex claim. What to do?
- Relocation or extinguishment – the key tests
- Dealing with advanced payments
Dealing with Extinguishment Valuations and Claims
- Capturing potential for business loss of profits in a Property Cost Estimate
- Advising claimants on temporary loss of profits, partial or total extinguishment of business
- Practical considerations, cash flow -v- burden of proof, increased overheads -v- loss of profits
- When to introduce a forensic accountant
- Main concepts of value per International Valuation Standards and how they generally tie in with CPO approach;
- What information should be obtained from Claimants (and what records should they make sure they keep)
- Cost/balance sheet approach to valuation and why it isn’t normally appropriate;
- Comparative/multiple approach to valuation
- How to undertake an EBITDA valuation
- What adjustments are needed to quantify EBITDA
- Where to obtain multiple information from
- What areas are subject to potential manipulation
- Areas that have been commented on/criticised in Judgments
- Recent increasing acceptance of DCF approach. Brief introduction and key benefits/risks as well as info needed
Summary & Conference Close