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Joint ventures on land in Cardiff

If you own land in or around Cardiff, joint ventures is one of four ways you can sell it to us. Here's how it works and when it makes sense.

Joint ventures can be structured in different ways, from a land price plus a share of profit to a full partnership. We'll explain each so you can choose with your advisers.

  • Figures explained, so you can check them
  • Independent advice encouraged
  • Clear terms in writing

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Cardiff at a glance

Cardiff (CF10) sits in OS grid square ST17, where it is the main town we cover. Sites between here and Llandaff or Penarth are just as much of interest to us.

TownCardiff
CountySouth Glamorgan
CountryWales
Postcode districtCF10
OS grid squareST17
Nearest towns we coverLlandaff (2 mi), Whitchurch (3 mi), Penarth (3 mi)
Planning systemPlanning Policy Wales and Local Development Plan
When you're paidOver time, as homes are built and sold
Planning costsShared or ours, as agreed
New homes under construction with scaffolding and roof trusses on a former field

Who a land joint venture works best for

  • Landowners who want a share in development profit
  • Families and estates with a long-term view
  • Sites suitable for phased delivery
  • Land where affordable or social housing forms part of the scheme

If you'd like to see your land become homes, and stay involved while it happens, a joint venture may suit you.

The terms that matter

Structure

Land price plus profit share, a partnership or a company: each has different tax and legal effects.

Timing

Returns arrive as homes sell, which can take years.

Exit

Agreements should say what happens if either side wants out.

Tax

Joint ventures can change how your proceeds are taxed, so take tax advice first.

How a sale works

  1. Tell us about your land

    Send the postcode or address and a rough size.

  2. We do the homework

    We read the title and planning record and check flood risk and access.

  3. We put an offer in writing

    It shows how we got there. There's no obligation to accept.

  4. Solicitors complete the sale

    Exchange and complete, or exchange now and complete when planning is granted.

What Wales's rules mean for your land

Planning framework

Planning in Wales follows Planning Policy Wales, the national plan Future Wales and the Local Development Plan, prepared by the council or, in a national park, the park authority. When plans are reviewed, landowners can put land forward as a candidate site.

Tax on the sale

In Wales the buyer pays Land Transaction Tax rather than Stamp Duty. As the seller you may owe capital gains tax. Take advice from an accountant.

When the land isn't straightforward

You're worried about the risk

You can limit risk through the structure, but not remove it. Take independent advice.

You want to keep part of the land

Joint ventures can cover just part of your holding.

Useful to send us

  • The address or postcode
  • A rough size, in acres or hectares
  • Photos of the land and its access
  • How soon you'd ideally like to sell

Common questions

What is a land joint venture?

An agreement where you contribute land and we contribute funding, planning and construction, with proceeds shared on agreed terms.

What happens if the homes sell for less than expected?

Depending on the structure, your share may fall. That's the risk you take in return for sharing upside.

Can a joint venture include affordable homes?

Yes. Affordable and social housing can form part of a scheme, and we can talk through how it affects returns.

Do you buy land in Cardiff?

Yes. We consider land in and around Cardiff and across South Glamorgan. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.

Ready to talk about your land in Cardiff?

Call 0800 088 6248 or send the details. There's no obligation.