Latest Report from DLP Consultants:

A Stage 2 ecological study is underway following the recommendations of the first Mott Macdonald study last year. It should be completed in June.

Chelgate have identified key stakeholders and have begun a series of lobby meetings. As part of this process DLP Design have revisited the Master Plan, taking into account the constraints plan prepared by Mott MacDonald following completion of the Geo Environmental Study at the close of 2007.

We have also asked Chelgate to give some thought to investigating the mood of the Sibson community who would be displaced by the proposed Third Runway with a view to devising a strategy to relocate the community to Concorde Village.

We have been tracking an application at the nearby Industrial Estate. In brief, it proposes redevelopment of the existing industrial, storage and related uses to provide up to 5000 sq m of new B1c/B2 use and 23,000 sq m of B8 warehousing.

Following GLA Members' indication of approval Hounslow Members also voted to approve, contrary to their Officers' recommendations at the West Area Committee (Planning) on 7 December 2006, and the Sustainable Development Committee on 30 April 2007. The Committees asked officers to negotiate a Section 106 package, and the application returned to Planning Committee in June and the Sustainable Development Committee on 9 July 2007.  Both resolved to support it. It was then advertised as a departure to the Secretary of State resulting in a call- in. There will now be a public inquiry set for 24th June

We have been investigating education requirements and provision with a view to determining the need for a primary school - update report to be provided if possible.

To assist Chelgate with stakeholder consultations a series of alternative Master Plans has been developed showing 100% residential and a variety of mixed use and employment alternatives.

Documents

Site Allocation Proposal	Concept Plan	Floor Plans	Hotel Outline
Site Location	CTG Site Plan	Risk Appraisal	Access Assesment
Access Drawing	Habitat	Tree Survey Plan	Root Protection
Impact Assessment	Species	Ecology Report

Latest Report from DLP Consultants:

Following the preparation of an initial proposal for the construction of an 83 bed hotel with ancillary restaurant, fitness suite, car parking and landscape grounds at Cherry Tree Grove, discussions have taken place with the Borough Council's Leisure and Tourism Officer and with a Senior Policy Officer.

The Council recently commissioned a leading firm of Chartered Surveyors specialising in the hotel trade to analyse the potential of Colchester as a tourism destination. Their report contained the following summary of future hotel opportunities.

The report has been adopted by the Council as part of the evidence base that will underpin the Core Strategy and it illustrates the potential to deliver a new hotel opportunity in the range 50-100 bedspaces over the coming two years.

DLP Planning welcomed the recognition of the importance of hotel and tourist accommodation that was contained in the revised Preferred Options consultations issued by the Council in early summer. This was largely as a result of the need to focus on the matter identified in the DLP representations made at the end of 2006.

Progress with an early application was delayed by a proposal by the local utility company to provide a new trunk water main near the site. Discussions were therefore undertaken to ensure that the new main is diverted in such a way as to ensure that the hotel scheme can proceed unaffected. This discussions was completed in late 2007 and planning application was submitted in December 2007.

Download Cherry Tree info. sheet

Documents

Latest Report from DLP Consultants:

During the summer months the local highway authority has undertaken works to rebuild the bridge carrying the B1508 Colchester Road across the A12 Colchester Bypass. This bridge was identified some years ago as being in need of reinforcement following which its use was restricted by traffic controls to single line running. Funds released through the Local Transport Plan have enabled the authority to reconstruct the bridge and restore full two-way traffic flows. This will eliminate some of the delays for vehicles travelling between west Bergholt and Colchester.

DLP responded to the Core Strategy consultation that took place earlier in the year and the Council are now preparing the documentation to submit to the Secretary of State. No further amendments to the strategy are now anticipated and the Council maintains its view that its future housing requirements can be met from sites within the built up area of the town with only modest urban extensions primarily to the north east and south of the built up area. DLP will continue to monitor the progress of the Core strategy through the public examination that will follow the submission of the document.

The Regional Spatial Strategy has however still not been approved by the Secretary of State. Approval was previously scheduled for June 2007 but the replacement of Ruth Kelly as Secretary of State by Hazel Blears following the appointment of Gordon Brown as Prime Minister has caused some further work to be carried out on the Plan. Ms Blears has expressed her concern that the changes proposed by her predecessor should be seen to conform to the European Directive on Sustainable Development and therefore she has ordered that a sustainability appraisal be carried out on the changes.

Her final approval of the document is not now expected to take place until early 2008. Meanwhile the first steps towards the early review of the plan and the extension of its time horizon to cover requirements up to 2031 are beginning to gather momentum and the initial round of consultations on options and capacity are expected to commence in February next year

Download Spring Grove info. sheet

Documents

Latest Report from DLP Consultants:

DLP Design has prepared a Master Pan for Nafferton. This has specific regard to the issues of access, the scale and nature of the housing opportunity and the need for local amenities such as a Local Area for Play (LAP). This is the first time that a rigorous and workable planning scheme for the site has been produced. It allows for the provision of 63 dwellings at 30dp ha and will be used as the basis for further submissions to the Council later in the year.

East Yorkshire DC have re-issued their LDS. The relevant dates are:

Core Strategy Issues + Options Consultation - due to commence on 28th April 2008

Preferred Options Consultation due March /April 2009.

Site Allocations DPD also due to commence March/April 2009

Download Nafferton info. sheet

STRATEGIC LAND PLANNING TRUST
Proitable Plots have established an independent trust called “The Strategic Land Planning Trust” for the exclusive beneit of its plot owners.

The objective of this document is to provide general information on trusts, how they work and why they are used and speciic information on The Strategic Land Planning Trust, why the Company has done this and how you, as a valued client and plot owner, will beneit.

ABOUT TRUSTS
In basic terms, a trust is a legal arrangement whereby a person or organisation (in this case Proitable Plots) transfers something of value, in this case money (called an asset) to another person or group called trustees.
The person or organisation transferring the asset is called The Settlor and it is they who have established or settled the trust.

Those who beneit from the trust are called "beneiciaries" and the beneiciaries of The Strategic Land Planning Trust established by the Company are the plot owners.

It is the role of the trustee to manage the assets of the trust in the best possible way for the advantage of the beneiciaries.

There are a number of different types of trusts and the one most suited in this particular situation is called a "discretionary trust".

It is called this since the trustees can exercise discretion on how the assets of the trust are used and allows the assets of the trust to be protected. It is normal practice for the settlor to indicate to the trustees how they would intend for the assets they have transferred into the trust to be used. This is called "a Letter of Wishes".

Download SLPT info. sheet

WHY YOU NEED A BUY-BACK OPTION

Whenever you invest any of your hard earned money, it is important to know how to get your returns out, not just how to put them in - in other words you should be aware of the Exit Strategy for your investment.
At Proitable Plots, we have taken an immense amount of care to make sure that all investors, including ourselves, are as protected as we can be. There have been numerous examples in the UK in recent years where a site has achieved planning permission, but this has only led to problems and disappointment, instead of celebration.

Some of the problems that can be experienced are:

- Plot owners cannot agree on a selling price, so the site remains unsold. If you have a site with 500 different plot owners, from all parts of the world, getting 500 people to agree on something is extremely dificult. The Marketer of the land may have a power of veto, or a block vote, so that they can impose a price on plot owners. This is extremely unfair and allows the Marketer to impose a low, or unsatisfactory, price on plot owners.

- One, or more, plot owners refuse to sell their plot at any price. This is the favourite tactic of people who don't actually want development on a site. They purchase a plot, or plots, on the site, and simply refuse to sell at any price. They erect a fence around their plot and refuse access to everyone. This makes it impossible for development to take place and the site remains unsold.

- One, or more, plot owners hold out for a higher price. This is often referred to as a "ransom strip". One, or more, plot owners, refuse to sell their plot in the hope that if they wait long enough, they will get a higher price. This is unfair on other plot owners who may have agreed to sell at a lower price but also endangers the potential returns of all plot owners.

Plot Owners Associations have inadequate constitutions. The rules and regulations relating to a Plot Owners Association have often proved to be inadequate, restrictive, punitive or just downright unfair. The Marketer of the Land can put favourable terms in for themselves or give themselves representative domination of the association.

Seeing all of these potential hurdles, Proitable Plots sought legal opinion from acknowledged experts in this ield, who recommended that the most effective form of protection for a client would be to have an exit strategy that was equitable, sensible, automatic, and transparent and so the Proitable Plots Buy-Back Option was created.

DOCUMENTATION

When you purchase a plot of land from Proitable Plots, you will complete a HM Land Registry Form called TP1. This is the form that transfers legal ownership of the plot from Proitable Plots to you. Once the TP1 has been signed by Proitable Plots and yourself, you legally own the plot of land from that point forward.

A second HM Land Registry form, called AP1, is also completed by yourself. This notiies HM Land Registry that you are the new owners and causes them to register your details and send you a "Certiicate of Entry", which is often referred to as The Title Deed.

The third form you complete is called an SDLT form. This is a form required by HM Revenue & Customs and conirms that you are not liable to pay any Stamp Duty on your purchase because the amount you have paid is below the threshold at which Stamp Duty becomes payable.
Attached to your TP1 are two additional documents. The first is a map, which shows the site you have bought your plot of land on, and highlights the particular plot you have purchased in red. The map clearly identiies the site name, the plot number, has a North facing compass so that you know the position of your plot, and also has a scale on it so that you know exactly how large your plot is.

The second document that is attached to your TP1 is called The Option Agreement and this document details the Buy Back program. By being included as part of the TP1, the Option Agreement becomes an integral part of the purchase terms and conditions and confers legal status on it for both parties.

MAIN FEATURES OF THE OPTION AGREEMENT

In simple terms the Option Agreement states that when planning permission for the site is obtained, you must sell your plot of land back to The Strategic Land Planning Trust at an agreed price formula and at an agreed timetable. This has the effect of returning the site from many hundreds of owners, to one single owner, thus negating any of the potential problems mentioned above.

The Strategic Land Planning Trust is an independent trust administered by lawyers who act as trustees. The purpose of The Trust is to ensure the continued promotion for planning of your site and to ensure that the Option Agreement is executed in a correct and timely fashion.
A full copy of The option Agreement is available upon request. You can also download the Information Sheet below.

Download BuyBack info. sheet

Click the following links to download our past and current Newsletters;

An Honest View	Jamie Reeves	January-February 2006
March-April 2006	May-Jun 2006	July-August 2006
Sept-Oct 2006	Nov.-December 2006	January - Februay 2007
(Archive : November 2005)

Click the following links to download Information Sheets;

AA Product	AAA Plots	Buyback
Colchester	Nafferton	SLPT
Spring Grove	Warranties

Profitable Plots, a division of the Profitable Group based in Singapore, has sealed a Joint Venture with The Royalgrant Land Corporation (RLC) in the Philippines to jointly develop and market hundreds of thousands of hectares of land across the country. This is one of the largest land deals ever concluded by a private company and gives Profitable Plots and Royalgrant the opportunity to use the land for the benefit of the local Filipino masses.

The Joint Venture company, Profitable Plots Philippines Inc., plans to build over 10,000 houses in the next few years as well as raise funds for Royalgrant Foundation through the sale of some highly strategically placed parcels of land. Commenting on this partnership, Jean-Ernest Maningo, President & CEO of RLC said: "We are absolutely delighted to work with Profitable Plots. Their ability to develop a land-based business model which will benefit the people of the Philippines is extremely innovative and unique. In addition, their highly regarded brand and aggressiveness in building international presence was a major attraction for us."

Land across UK is increasing on average 19% to 25% a year, faster than any other asset class. However, until now, its been a medium to long term investment product. Proitable Plots has now packaged this opportunity for astute investors looking to cash in on this strategic growth with the AA.

Open only to existing clients, the aa seeks to give our clients an extra product to add to their investment portfolio with a guaranteed return of 12.5% per annum backed by the growth in land values in UK. It's an addition to the portfolio of products offered by Proitable Plots using the gains of the underlying land and sharing that growth with our valued clients.

This is a brand new program designed for existing clients allowing them to maximise their returns using the growth in land values on a short term basis. It pays 12.5% guaranteed return in 12 months from the
date of signing of the TP1s/AP1s. As a surety, the client is given a parcel of land worth the amount of their investment plus their return. This allows them the security of owning freehold title to the land in heir names with the UK land registry.

At the end of the 12 months this land will be redeemed at the full capital plus the 12.5%. As this is a capital gain it will be tax free. (If you live outside UK) This is based on a limited number of units per project on a first come first served basis and is only for existing clients.

HOW DO I PARTICIPATE?
Its easy, providing you're already a client of ours. Just sign the plot reservation form and pay the money. In 14 to 30 days the complete documentation will arrive from the UK land registry for the land as surety.

DOCUMENTATION
The normal documents apply, in this case your ownership will be relected in the TP1s and AP1s signed by you and endorsed by the company. An option document detailing the programme will be included in there.

COMPLIANCE
Our normal comprehensive compliance procedures apply.

START
The tenure of the 12 months will begin from the date when the client signs all relevant documents pertaining to the ownership of land..ie the TP1 and the AP1.

EXIT
Proitable Plots can redeem the land at any time during the 12 months tenure of the term by paying the client 12.5% return plus the capital.

Download AA info. sheet

The AAA Plot - The Anglo Asian Asset

Whenever you see a product that is rated AAA, you can be sure they are of the highest quality, with exceptionally strong protection for the timely repayment of principal and interest. Earnings are considered stable, the structure of the industry in which the entity operates is strong, and the outlook for future proitability is favourable. There are few qualifying factors present which would detract from the performance of the entity, the strength of liquidity and coverage ratios is unquestioned and the entity has established a creditable track record of superior performance. Given the extremely tough deinition, few entities are able to achieve a AAA rating.

The AAA is the jewel in the crown of the PP Group. It combines the elements of income potential and income growth with protection. Land has traditionally been a medium to long term investment. The PP Group, through its Strategic Land Investment Division, Proitable Plots, has now packaged this opportunity for astute investors looking to cash in on this strategic growth with AAA.

The AAA seeks to give our clients an extra product to add to their investment portfolio with a guaranteed minimum return of 12.5% per annum backed by the growth in land values in the UK, the enormous returns to be made from the grant of planning permission, and the development potential of Asian land. It's an addition to the portfolio of products offered by Proitable Plots using the gains of the underlying land and sharing that growth with our valued clients.

The Asset element - The return is in the increasing Land Values

Land Across The UK has been increasing on average 19% to 25% a year, faster than any other asset class. In the last 24 years land across the U.K. has increased in value by a staggering 1828%. This element allows clients to have a guaranteed return of 12.5% in 12 months.

As a surety for clients, they are given a parcel of land worth the amount of their investment plus their minimum return of 12.5%. This allows them the security of owning freehold title to the land in their names with the UK Land Registry.

Whichever event happens first, that is the return you will receive.

Download AAA info. sheet

Latest Report from The UK Government Valuation Office Agency:

The residential land forecast

The UK forecast continues to show increases in land values but with a slower rate of increase than that shown in the previous report. These forecasts now begin to reflect the recent stock market and financial services sector volatility, but as the 'sub-prime' lending crisis only significantly surfaced in August 2007 the full effect is unlikely to be shown as yet. An average 8% increase during the year to January 2009 is shown. This should be treated with caution, as periods of market volatility accompanied by lower transaction volumes, and the global nature of the issues involved, make forecasting particularly difficult.

In 2009 and the first part of 2010 an almost flat period of land values is forecast, followed by an increased rate of growth in values from mid 2010 on, albeit at a lower rate than forecast in July 2007.

Interest rates following a rise in July 2007, were then reduced at the end of the report period in December 2007. The proposals for a Planning Gain Supplement Tax were replaced by proposals for a Community Infrastructure Levy. Despite the recent fall in confidence, land for new residential development remains in short supply and Government's objective to provide more housing units remains a core aspiration. The fundamental excess of demand over the supply of UK housing remains a strong underpinning factor.

A feature of the residential land market is the 'lumpiness' of changes in value making forecasting somewhat more hazardous than for markets that respond in a more controlled way to changes in the market place. The forecasts need to be taken together with all other market information that is taken into account in any decision making process.