News
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Trust Announces Deals worth £2.35m
The Pervaiz Naviede Family Trust has today announced two commercial deals in the north west worth worth in excess of £2.35m. The first is a Grade-II listed property at 27 Eastgate Street, Chester (pictured) which sits on the city’s principle shopping street, close to the iconic Eastgate clock. The building, which was purchased for £2m, contains four floors of accommodation. The first two floors comprise 3,900 sq ft of retail [...]
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Trust Launches £100m Fund
The Pervaiz Naviede Family Trust has today announced the launch of a £100m fund to purchase premium real estate across the UK. Lots can range from £500,000 to upwards of £20m. In particular, the Trust is interested in prominently located retail centres and warehouses, opportunities to convert office space to residential use and industrial distribution hubs benefitting from excellent motorway access. Scott Neal, advisor to the Pervaiz Naviede Family Trust, [...]
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PNFT Sells Portfolio for £58m
The Pervaiz Naviede Family Trust (PNFT) has today announced the sale of a residential property portfolio to Grainger plc in a deal worth £58.3m. The acquisition includes 614 apartments and townhouses from across the UK as the Trust seeks to move into premium commercial and residential markets. Since 2009 the Pervaiz Naviede Family Trust has expanded its private rented sector (PRS) portfolio to more than 1,000 units. This has been [...]
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Cheshire Church Acquired by Pervaiz Naviede Family Trust
While the Pervaiz Naviede Family Trust is perhaps best known for multi-million developments in major cities such as London and Manchester, it’s not averse to investing in smaller schemes particularly those with strong links to the past. Having previously announced the acquisition of a Liverpool mansion house once used as a hospital, the Trust has this week, acquired the stunning Whitegate Chapel in the charmingly named Beauty Bank, just a [...]
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Stamp Duty Overhaul Welcomed
Chancellor George Osborne surprised many during yesterday’s Autumn Statement by announcing an overhaul of Stamp Duty, a move which is estimated to benefit up to 98% of home buyers. Previously, Stamp Duty Land Tax (SDLT) was payable by the majority of people purchasing a residential property in the UK. The amount charged varied depending on the purchase price of the property so a home bought for £125,000 was exempt from [...]
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Planning Setback for £100m Mobberley Scheme
Multi-million pound proposals which would have safeguarded up to 200 jobs in Cheshire have been set back after being turned down by council planners. Regeneration specialist LPC Living proposed to invest up to £100m in the iconic Ilford Photo site in Mobberley which has produced black and white photographic products for more than a century. The main focus of the scheme was the creation of a state-of-the-art HQ for existing [...]
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Ordsall Residents: Have Your Say!
Proposals to redevelop a brownfield site in Ordsall, Salford are to be unveiled to the community in advance a series of wider consultation events taking place later this month. LPC Living, the developer owned by the Pervaiz Naviede Family Trust, has drawn up plans for the former District Centre site in the estate where it is committed to investing around £100m, in partnership with Salford City Council. As recently reported [...]
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Pervaiz Naviede Family Trust looks to China
Global investor, the Pervaiz Naviede Family Trust, has announced plans to target the growing number of Chinese looking to invest in the UK. According to reports Chinese buyers spent $37bn on overseas property in 2013, a figure which is expected to rise considerably thanks to the growth of the country’s upper-middle class and a desire to educate their children abroad. The Trust, which has assets of £200m in commercial and [...]
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New Property Portal Could Harm Consumer Choice
A new property website for UK home-buyers is set the provide competition for the market leaders, Rightmove and Zoopla, and cheap online estate agents. However, global investor the Pervaiz Naviede Family Trust, argue this could this be at the expense of consumer choice. According to an article published in the Financial Times a new portal called Agent Mutual will launch in the new year with an estimated 4,000 of the [...]
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Pervaiz Naviede Family Trust-Owned Mr Smiths to ‘Become UK’s Biggest Youth Club’
An iconic nightclub, immortalised in the ITV show Hitman & Her is set to be transformed into one of the country’s largest youth clubs after a deal was agreed with the owners, the Pervaiz Naviede Family Trust. Warrington’s iconic Mr Smith’s nightclub had been earmarked for demolition earlier this year after several years of marketing the property produced limited interest. The owners stated their decision to clear the site was not made easily [...]