Lexington’s Property Bulletin: MARCH 2010
Lexington get go-ahead for housing scheme in Lewisham
Councillors in Lewisham have given the go-ahead to a nine storey mixed use development of 117 homes, including family houses as well as a ground floor shop and a café/restaurant along the Bromley Road in SE6.
A similar scheme was rejected by the Council in the summer of 2008 following over 450 objections from local residents. Lexington was appointed by the site’s new owner, Lowbridge, in October 2009 to manage the pre-application consultation with the local community and to promote the scheme up to Planning Committee. There were just 10 objections this time while over twenty residents registered their support.
Government publish climate change policy
The Government has launched a consultation on new climate change and coastal erosion planning policy statements, including proposals to provide tougher rules for planning to reflect the Government’s carbon reduction and renewable energy targets. Under the proposals local authorities will be expected to plan for the provision of low carbon and renewable energy in their areas.
It also includes proposals to ensure that more energy comes from renewable energy sources and comes alongside an announcement of further funding to support a second wave of eco-town bids.
Further details of the proposals can be found here.
HBF launch property manifesto
The HBF has published its manifesto calling for all political parties to support the development industry and increase the supply of homes in the UK. The HBF has highlighted that development of new homes is nearly one million units behind the targets set by the Government.
The manifesto argues that a lack of finance, the growth in policy and regulatory demands, and the lack of schemes receiving planning permission has hindered the supply of new homes. They call on all politicians to provide incentives to local authorities to ensure they advance their local plans, as well as calling on the Government to provide more funding for infrastructure.
Government announce route for high speed rail link
Transport Minister, Lord Adonis has today announced the route for the new high speed rail link from London to the North. The new network would see journey times between London and Birmingham slashed to around 30 minutes, with trips between the capital and Leeds, Sheffield and Manchester taking 75 minutes or less. The estimated cost would be £30 billion.