News
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Former Ordsall Marketing Suite to Make Way for New Homes
Salford-based developer LPC Living has announced plans to clear a brownfield site in Ordsall to make way for a new housing scheme. The site, located at the junction of Ordsall Lane and Oldfield Road, has been home to the Heart of Ordsall marketing suite since 2005. The temporary building was constructed by LPC Living to promote the ambitious plans to regenerate the 180 acre estate in partnership with Salford City [...]
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Pervaiz Naviede Family Trust Acquires £3.2m Hull Portfolio
The Pervaiz Naviede Family Trust has boosted its residential letting portfolio with the £3.2m acquisition of 45 properties in Hull. The purchase, which also includes the freehold, sees the Trust make its first foray into Yorkshire as part of a wider £10million investment in new sites across the north of England. The executive-style apartments are in three developments less than 1.5 miles from the city centre. The sites are: – [...]
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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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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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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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The Secrets of Stamp Duty
Once again, stamp duty has hit the headlines with reports released this week suggesting the tax paid when buying a property is damaging the housing market. Stamp Duty Land Tax, or SDLT, is charged by the Government on any residential property sold for more than £125,000 and is estimated to raise more than £3bn for the Treasury each year. The amount charged varies on the price paid for a property [...]
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Shops to Homes Plans Cautiously Welcomed by LPC
Government plans to allow local authorities to convert swathes of empty high street shops have been cautiously welcomed by LPC Living. Accordingly to The Telegraph, a consultation paper by planning minister Nick Boles will be issued later this week which will encourage local authorities to concentrate shopping facilities within a couple of high streets. All other areas could be converted to housing. With an estimated 14% of the country’s shops [...]
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UK Debt Map of Limited Use to First-Time Buyers
Housebuilder LPC Living has warned off would-be housebuyers from relying on a ‘debt map’ launched this week when considering their eligibility for a mortgage. Payplan, one of the UKs largest debt management companies, launched the interactive service earlier this week. The report, based on 40,000 inquiries, shows the number of people to seek debt advise within a particular post code area as well as the average debt per person and [...]