Institutional investment in the UK's private rented sector
The appetite of Institutional Investors for private rented units is clearly having an impact on the ground with deals being struck not only in London but throughout the UK’s major cities…
Published 15 April 2016
April has arrived and Spring has sprung for the residential development sector, with the existing temporary right to convert offices to residential use without express planning permission to be made permanent from tomorrow 6 April 2016.
Whilst clearing the hurdle of formal consent, a developer will continue to require prior approval from the local authority as to the specifics of the intended works; this now includes new noise impact measures on top of the existing transport, contamination and flooding measures. Any proposed changes will have to be completed within 3 years of prior approval. This condition applies retrospectively to developments with prior approval.
Please contact us if you need clarification on where you stand.