NEW BUILDnews
New Build homes M
ore and more, apparently; with an increasing number of new homes coming to a very quiet market, it makes sense to get on board the one property bus that may be moving
slightly faster than the others. There is also renewed energy in the Buy To Let market, more
cautious lending to be sure, but a definite, tangible trend towards sensible investment in new homes that tenants will want to rent. Many estate agents already embrace the New Build sector, to different degrees, so PROPERTYdrum launches a new magazine
Housing Minister Grant Shapps.
Henry Moore Court in Chelsea.
New Build homes. Currently the focus of Government initiatives, with special assistance for First Time Buyers, offering rent-to-buy, shared equity and incentives... but what does New Build mean to estate agents?
section this month, written by Karen Keeman, a highly experienced journalist specialising in New Build, with a news roundup including new developments, new hires and agency appointments. Next month we’ll be publishing a brand new special supplement
focusing on New Build, with interesting features and information, which we hope you’ll find interesting – let us know! We’d like to hear from agents already well established in the New Build sector and from those considering expansion in this exciting growth area. Email the Editor:
Sheila@propertydrum.com
Government decision to release land for 100,000 new homes
The Government has announced plans to release enough public land to build 100,000 new homes by 2015. Housing Minister Grant Shapps announced that each department with significant landbanks will publish plans by the autumn to release thousands of acres of previously-developed land to housebuilders.
It is hoped that by the autumn, The
Public Expenditure Committee will go through every department’s plans in detail to ensure every possible site is made available in the hope of creating much needed new homes.
Although the industry applauded the
decision as a whole, the HBF stressed that other issues such as problems with the planning system and mortgages still need to be looked at and addressed. Other Government initiatives include
CLG’s plans to release more land under its Build Now, Pay Later scheme, which means housebuilders only pay for the land once work has started on the new homes.
48 AUGUST 2011 PROPERTYdrum
Aylesford appointed for Chelsea scheme
Henry Moore Court is the first new build luxury residential scheme to be undertaken in Chelsea, SW3 for ten years. Construction of the planned development of
an exclusive collection of two villas, 15 luxury apartments and 38 secure parking spaces, is underway and due for completion in Autumn 2012. The prime development freehold site, with planning for 58,000 sq ft of residential accommodation in the heart of Chelsea, was acquired for £40 million by private equity firm, The Carlyle Group, in a 50-50 joint venture with the Athos Group. For 50 years the site was the home of the
Chelsea College of Art, before it was relocated close to the Tate Britain. A link with the college continues, as the name of the scheme is taken from the former Head of Sculpture from 1932 - Henry Moore OM CH FBA. Louise Hewlett, Director at Aylesford, the
appointed agents says, “This is a very significant development; the first new construction in Chelsea and prime Central London since pre- Lehmans. When complete, it will provide much sought after secure lateral living, designed and built to the highest standard.” Prices will range from £5.5million to £14million for the 15 apartments and two houses.
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