News
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Plans Submitted for £100m Mobberley Development
Proposals to create a £100m mixed-use development on the iconic Ilford Photo site in Cheshire have moved a step closer as a planning application has been submitted to Cheshire East Council by LPC Living. The plans, created by the Pervaiz Naviede Family Trust-owned developer, would see the redevelopment of a 40-acre brownfield site on Ilford Way, Mobberley, currently occupied by HARMAN technology. The site has produced photographic products for more [...]
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Trust Acquires Sheffield Commercial Site for £1.6m
Fargate Properties Limited, a subsidiary of the Pervaiz Naviede Family Trust (PNFT), has completed the purchase of 54-56 Fargate in Sheffield for £1.6m. The 6,096 sq ft retail and office building is located in the heart of the central shopping area of the city at Fargate, adjacent to the entrance of Orchard Square Shopping Centre. O2 (Telefónica UK Ltd) is the current ground floor unit tenant, with additional office space [...]
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Salford Site is Ready to be Transformed
Plans to redevelop a derelict shopping centre in Salford are a step closer as demolition of the existing buildings commences this week. The Ordsall District Centre was constructed in the 1960s at the heart of the estate which sits between Manchester city centre and Salford Quays. The site was originally home to a supermarket, pub, library, shopping parade and health centre. However, one by one the businesses closed thanks to [...]
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Affordable Tuition Provider to Expand Nationally with up to £5m funding from PNFT
A Liverpool-based business offering affordable tuition is to embark on a nationwide expansion plan after securing its first stage of funding requirements worth up to £5m. Accelerate Learning, which provides tuition from £10 an hour to children aged 5-18 has secured the investment from the Pervaiz Naviede Family Trust (PNFT), which has assets in excess of £200m in the UK and abroad and owns a diverse range of companies including [...]
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Dubai’s Property Sector Poised for Growth in 2014
The prime property sector in Dubai is gearing up for a strong 2014 following a vibrant 2013 – according to ratings agency Fitch. In a statement issued on Wednesday, Fitch said despite the positive trend, uncertainty remained a concern for the real estate sector in general as several factors and events evolve. These include the Middle East instability over Syria attack fears, Dubai’s bid for World Expo 2020 and major [...]
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Dubai Reports Growth in Visitor Numbers
Arabian Falcon holidays a marketing company based in Dubai representing Royal Club Palm Jumeriah, a product owned by the Pervaiz Naviede Family Trust, has welcomed news that the city is experiencing tremendous growth in visitor numbers. According to reports from STR Global, which analyses hotel demand across the world, the city’s hospitality sector witnessed an increase in supply of almost 6% and demand of 30%. STR Global also said hotels [...]
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Barbers Sign up at Radclyffe Park
A gentleman’s barbers is anticipated to open at LPC Living’s Radclyffe Park development this autumn with terms agreed earlier this week. The 350 sq ft unit, located off Trafford Road, Salford forms part of the £50m mixed-use scheme anchored by Morrisons, Travelodge and an NHS Health Centre with a number of smaller units constructed alongside. LPC Living, which is owned by the Pervaiz Naviede Family Trust, has let a number [...]
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Pervaiz Naviede Family Trust acquires Liverpool tower block for £3m
A Liverpool tower block has been purchased by the Pervaiz Naviede Family Trust, pushing the number of residential units acquired this year to more than 100. Heysmoor Heights, a sixteen-storey tower block two miles south east of the city centre, in the Sefton Park area, was bought out of administration by the Trust for £3m earlier this month. The deal includes 63 recently refurbished one and two bed apartments, 49 [...]
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A Wheelie Big Challenge
Bins can be, well, a bit rubbish but they pose an increasing challenge for housebuilders when it comes to providing adequate refuse areas for new homes. While the majority of councils have policies in place to ensure new homes being put forward have adequate space for household waste storage, many others don’t. The result is so-called ‘bin blight’ when bins and recycling storage are cluttering up front gardens, driveways and [...]
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Name That Tower!
A competition has been launched in Dubai to name what, when built, will be the tallest commercial building in the world. The company behind the project, the Dubai Multi Commodities Centre, said they would much rather hear from the world community than have to “pay a hefty amount to a consultant”. Executive Chairman, Ahmed Bin Sulayem, said “I’d be more interested in hearing what the real community has to say” [...]