News
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Pervaiz Naviede Family Trust Completes First Derbyshire Deal
The Pervaiz Naviede Family Trust has completed its first ever acquisition in Derbyshire taking the value of its private rented sector (PRS) portfolio to more than £70m. The global investor has purchased the Grade II-listed Corbar Hill House in Buxton and two neighbouring new build blocks, Wye House A and B, for £2million. Today’s deal includes the purchase of 20 apartments, 11 of which are currently let, and the freehold [...]
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Innovative Safety Solution Introduced by LPC Living
LPC Living has today adopted an innovative system to ensure the safety of its employees. StaySafe uses mobile GPS technology to record the location of staff when working alone or out of the office and has been adopted by a number of local authorities, housebuilders and organisations where employees are on the move or working alone . With more than 700 properties to manage the company needed a system which [...]
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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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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 [...]