Javascript Menu by Deluxe-Menu.com

Asset Land Investment PLC - South Godstone Surrey , Godstone Green Surrey, UK Land Sale. Asset Land Investment PLC - South Godstone Surrey , Godstone Green Surrey, UK Land Sale.
 
 

Latest News

Longest road tunnels in UK close to completion

Engineers are close to completing the longest under-land road tunnels in the country, linking London to Portsmouth.

March 25, 2010

Longest road tunnels in UK close to completion
The tunnel is hoped to be opened in July 2010 Photo: PA

The pair of tunnels 1.9km (1.2 miles) long, under the Devil's Punch Bowl, in Surrey, will form part of a new stretch of the A3.

The £371 million project is due to open in August next year and the Highways Agency said drivers can expect a quicker and more reliable journey through Surrey.

The Highways Agency has been building the new road since 2007 and aims to get rid of a traffic bottleneck in Hindhead by replacing the only section of single carriageway along the A3 with a two-lane road.

It will also benefit the Area of Outstanding Natural Beauty and Site of Special Scientific Interest by returning part of the old A3 to nature.

The Devil's Punch Bowl is a large hollow of dry sandy heath which, according to legend, was created when the devil tormented the god Thor by throwing handfuls of earth at him.

The natural amphitheatre hollow, now a National Trust site, was actually formed by springs which cut into the soft rock and is the largest spring-formed feature in Britain.

Highways Agency project manager Paul Arnold said: ''Since we broke through the tunnel in 2009, the plans are becoming a reality, and while there is more work to be done before the end of the project, drivers won't have to wait long before they can fully use the new road.

''2010 is an important year for the Hindhead tunnel, and we are very pleased with what progress we've made.

''By the end of July this year, we plan to fully open the section of new road south of the Hazel Grove junction to traffic.

''We will continue to work hard to keep the project on target and to keep traffic delays to an absolute minimum.''

Supports for the new Miss James footbridge, just to the south of the tunnel, will be lifted in this week.


 

Government gives green light to 'green belt destruction'

Thousands of homes could be built on green belt land as the Government approves plans to rip up protected countryside to reach housing quotas.

May 6, 2009

The Government's new South East Plan includes a recommendation to review green belt land in Oxfordshire and Surrey in order to build 6,000 more homes there Photo: IAN JONES

The move is contained in the Government's new South East Plan which will see 32,000 houses built every year between now and 2026.

The controversial document includes a recommendation to review green belt land in Oxfordshire and Surrey in order to build 6,000 more homes there.

Countryside campaigners fear the move will "open the floodgates" to more building on the green belt and the Tories accused the Government of "concreting over" the South East.

However, the Government insisted green belt boundaries should not be "set in stone" when there is so much demand for affordable housing.

Sadiq Khan, the Communities Minister, said an increase in single person households, immigration and the ageing population made it essential to increase housing stock in the area.

"The number of households in the South East is growing rapidly with housing supply lagging behind and housing affordability worsening," he said. "Despite the current difficulties in the market we need to keep up with the rise in demand and provide more homes."

Edward Dawson, of the Campaign to Protect Rural England, said the Government was in danger of "opening the flood gates" to development in the countryside by allowing councils to build on green belt land.

"We have some breathing space now because of the recession but in the long run – with housing pressure coming back – that will open the flood gates to green belt releases and we are very concerned about that."

Caroline Spelman, the Tory communities spokeswoman, accused Government of concreting over the region.
"Labour Ministers are today giving the green light to Green Belt destruction across the South East," she said. "This is a shocking betrayal by Gordon Brown who pledged when he became Prime Minister to protect the Green Belt 'robustly'.

"These top-down Whitehall building targets will lead to unsustainable urban sprawl, extra congestion, higher carbon emissions and more flooding, ruining many communities' quality of life. This will only deliver the sink estates of the 21st Century, lacking proper infrastructure or environmental sustainability."

Mrs Spelman also said the plan was a waste of money.

"Given a general election will be held within the next 12 months, councils would be wise to go slow on adopting the controversial provisions in this South East Plan, " she said. "It is not in taxpayers' interests for town halls to spend time and money on implementing Labour policies that could be scrapped within a year."

However the Department for Communities and Local Government insisted only a small area of green belt will be built over in south of Oxford, north east of Guildford and in Chertsey.

By Louise Gray, Environment Correspondent. Telegraph.co.uk


 

And the Gold Medal for Land Acquisition Goes To...

Posted by Francesca Heintz

As the London head of real estate development and regeneration at Eversheds, Neil Logan Green landed a plum assignment: leading the 100-lawyer team responsible for acquiring the land and necessary zoning approvals for the 2012 Summer Games. In August the London lawyer joined K&L Gates's sizeable real estate group. The Am Law Daily caught up with Logan Green to talk about his practice.

What kind of practice do you have?
My practice is a heavyweight, U.K. land-related practice so, for example, major infrastructure, large mixed-use schemes and public-private partnership, a joint venture between a public body and a major developer.

What goes into finding the land for the Olympics?
Well, there's a thing called the master plan produced, and the positioning of the various sports venues was decided by the Olympic Delivery Authority and London 2012. My clients were responsible for the land acquisition, so that's about 300-350 hectares [about 750-850 acres]. The land was acquired by a mixture of private treaty and compulsory acquisition.   

Who were your clients?
They're a governmental body called the London Developmental Agency, and they report to the mayor of London. They're responsible for delivering the land upon which the venues are to be constructed. In England, this is very complex because, unlike the Beijing games, the land was already built on. It's effectively in central London, in Stratford, and some of it has been there for 100 years.

Do you have to buy the land or houses from their owners?
There are very few houses, it's mostly industrial or brownfield land, and some other public land belonging to other boroughs. It is probably the largest and most complex land acquisition ever undertaken in the U.K., and certainly in London.

Is this the first Olympics you have worked on?
Yes, but I have just finished a [temporary assignment] before joining K&L Gates at London 2012, which is the body who's responsible for delivering the Olympics. I've been working there this summer pro bono.

What kind of work were you doing with London 2012?
I was undertaking a project called Live Sites, which is the delivery of public broadcasting television screens, which are 25- to 30-meter screens, in cities across the U.K.

You also advised the Polish and Ukrainian governments on their bid to host the 2012 UEFA football championships. Do you seek out these sporting events?
It just seems to have just gone that way. But don't forget, you can't have a sporting event without the land. In terms of value these are all projects in excess of £500 million.

After working at Eversheds since 2001, why did you decide to make the move to K&L Gates?
The increasing internationalization of real estate. It's no longer a domestic asset, it's now a pan-European asset. The size of the transactions is now so great and they are so complex that they're now suitable for non-domestic investors, and K&L Gates has an extraordinary international platform to help me deliver to those types of clients.

Back to the Olympics, what was your favorite event?
It has to be the track.

When 2012 comes around, do you plan on attending the games in your hometown?
I haven't gotten the tickets yet, but I'm hopeful


Why green fields could be buried by tide of tarmac. July 08.

Green fields edging the South Downs could be buried under concrete and tarmac if recommendations from a Government report are accepted.

Economist Kate Barker is calling for protected areas of the countryside, such as areas of outstanding natural beauty and Green Belt land, to be replaced by "green wedges" or "green corridors" with gaps for homes and other developments to be built.

The report argues that this radical shift is needed to tackle ballooning house prices and a lack of choice for businesses and homeowners.

By opening up previously protected areas, thousands of extra homes and shops could be built.

The South Downs Society is calling for assurances that the proposals will not lead to the destruction of special wildlife sites or areas of open space.

green belt

Much of the South Downs is unlikely to be affected by any change in planning policy if, as expected, it is granted National Park status next year.

But areas of outstanding natural beauty which are not included in the National Park and agricultural land bordering the protected area could be snapped up by developers.

The Argus has identified a number of sites which fall outside of the new National Park and could, if the recommendations are accepted, be used for housing or new businesses.

This includes the area around Sheepcote Valley, Brighton, a section of land designated of outstanding natural beauty in Hangleton, sandwiched between King George VI Avenue and the A27, and vast areas to the north of the Downs, including land near Hurstpierpoint.

The leader of West Sussex County Council, Henry Smith, has also warned that even National Park status may not save parts of the South Downs.

Jon Martin, chairman of the society, said: "We are pleased the report recognises that national parks remain in need of particular protection.

"However, it is very disturbing that the report opens the way for more development on precious Green Belt land.

"This will have a particularly damaging effect on natural beauty, wildlife and public enjoyment in these areas, and could also impact on the area likely to be included within the South Downs National Park in the Low Weald of Hampshire."

Jacquetta Fewster, director of the South Downs Society, warned that the recommendations could bring bulldozers to this beautiful part of the countryside.

She said: "It is vital that land around the proposed National Park is not buried under concrete and tarmac.

"Many of these sites provide important foraging areas for wild creatures, and wildlife populations on the Downs could be severely harmed.

"Unsightly development so close to the National Park would spoil the enjoyment of people exploring the South Downs.

"There are areas of outstanding natural beauty which might not make it into the National Park and could be under threat, but the bigger risk is the other areas which have no protection."

Brighton and Hove City Council leader Simon Burgess said that even if the rules were relaxed he would not look for more development on the fringes of the city.

He said: "We need to be looking more east and west, not north, in terms of where people are going to live.

"I am not saying that Worthing should be part of Brighton and Hove but it is about finding locations in the east-west coastal conurbation.

"What makes this city special is the fact we have the Downs and the sea and we really need to protect that."

The proposals are being looked at by Sir Michael Lyons, as part of his investigation into the future of council tax and local funding which will be published next spring.

theargus.co.uk, 19.12.200


Monday 26th May 08

Sheikh Jassim Bin Hamad Bin Jassim Bin Jabr Al Thani, chairman of the Qatar Islamic Bank, says: "It is our belief that the United Kingdom continues to be an attractive investment place in Europe. Sound economic management, market orientated policies and an effective regulatory framework together with political stability have enabled the UK to be a world leading investment-friendly destination."

While many UK-based investors may not agree with all of his assessment, he is right up to a point. Long leases, a shortage of land and a tortuous planning process make the UK a very good long-term prospect.

The Knight Frank Article


June 7, 2007

Reform of planning rules ‘vital’ to meet growth in demand

Gabriel Rozenberg, Economics Reporter

Most thirtysomethings will be priced out of the market by 2026 if planning rules are not urgently reformed, the Government’s new advisory body has found. Its report today shows that only 40 per cent of 30 to 34-year-olds in England will be able to enter the housing market in 2026, compared with 57 per cent today.

That figure has deteriorated from well over 60 per cent in the late 1990s, the National Housing and Planning Advice Unit (NHPAU) says. Its report illustrates the dramatic decline in affordability since 1998, which has seen the cost of properties in most of the South East and large areas of the North West going from four to eight times average earnings.

The Government’s aim of building 190,000 homes a year is not enough to deal with the problem, it says, because an estimated 223,000 new households are being created every year as the population expands and people choose to stay single for longer.

Analysis by The Times shows that the Government is falling behind in its aim of increasing the supply of new homes. Just 174,060 houses and flats were started in the year to March, figures from the Department of Communities and Local Government show, the lowest figure for two and a half years.

Asset Land Investment PLC

First-time buyers priced out

Houses will become completely unaffordable for first-time buyers unless many more are built, a national advisory unit says

Reform of planning rules ‘vital’ to meet growth in demand

How the mortgage market has changed

The future of house prices: 10 times pay

Background

Property prices grow at slowest rate in five months

Buying a house 'will cost 10 times your income'

How the mortgage market has changed

First proof of decline in housing market

Buy-to-let brigade could be the joker in pack

Asset Land Investment PLC

Buy-to-let investors are suffering - should we be worried?

Market view - falling buy-to-let yields

Background

First proof of decline in housing market

Fresh signs of cooling housing market

House prices slow despite London surge

Background

Mortgage slowdown triggers house price fears

Buy-to-let tax shock

Fall in mortgages raises fears of slowdown

Signs emerge that UK housing is off the boil

Interest rates put brake on house prices

Asset Land Investment PLC

End of house price boom is in sight

Societies saw an 8% drop in mortgage approvals last month compared with a year ago, the first such fall since 2005

Background

Nationwide says slowdown may limit price rise

House prices keep on rising

Your guide to surviving the rate hike

The return of negative equity?

Asset Land Investment PLC

Housing costs taking their toll

The question that always accompanies fresh data showing a fast-growing housing market is: are we headed for a crash?

Related Links

Buying a house 'will cost 10 times your income'

First-time buyers priced out

How the mortgage market has changed

Adam Sampson, chief executive of Shelter, the housing and homelessness charity, said: “Housing of all types, but particularly home ownership, is going to escalate beyond the means of all but the wealthiest or those with family money.

“That will inevitably exclude from a share in housing wealth all but the most qualified and it will stop social mobility in its tracks.”

Homebuyers risked overstretching their finances to take out evermore precarious loans, he said. The impact of higher prices would also be felt on those who rent and would have a knock-on effect on the whole economy, with many more people forced into social housing.

The NHPAU said that the proportion of first-time buyers’ incomes taken up by mortgage payments had increased considerably in the past three years to reach nearly a quarter of income. Its report emphasised that reform of the land planning system was urgently needed to free the supply of new homes.

It said: “There may be difficult choices and issues to confront in the future. These potentially include brownfield versus greenfield development, and building on some greenbelt land.”

But its proposals were attacked by the Campaign to Protect Rural England. Neil Sinden, its policy director, said: “It’s critical that we don’t pursue simplistic and ultimately futile solutions to the problems of affordability. There’s very little hard evidence to say that you can make much of a dent in the short term on house price inflation simply through supply side measures.”

Yvette Cooper, the Housing Minister, said: “This powerful analysis shows how vital it is to build more homes. Sticking to regional assemblies’ current proposals for 190,000 homes a year simply won’t do enough to help the next generation of first-time buyers.”

Michael Gove, the Tory housing spokesman, said: “This report underlines the fact that the next generation won’t get on the housing ladder unless we build more homes. . . Only a genuinely liberal approach can solve this problem.”

Have your say

The simplistic approach of building more homes to solve the shortage in affordable housing is not working.
Here in Derby, as in other areas of the country, flats and town houses are being built where developers have acquired houses with large gardens at grossly inflated prices. Perfectly good properties are being demolished and high density dwellings are replacing them. However, these dwellings are neither affordable nor desirable and are therefore standing empty, in some cases, for over two years. Neighbourhoods are being damaged and some of the most attractive areas of England are being destroyed.
The present law allows developers to have it all their own way.
Last night there was a packed meeting in Allestree, a suburb of Derby, to express concern at the latest 'garden grabbing' there.
Local people are appalled at the vandalism to their neighbourhood and it is causing huge distress.
MPs think again and support the bill on 15 June to exclude gardens as brownfield sites.

Carol Smith, Derby,

It is so darn obvious it is pathetic. The planning rules need relaxation. Only 2 percent of the land is built upon. The population are treated like Red Indians forced to live on urban reservations.

Land should be more freely available to build upon and people must get more used to living in apartments than today. our fixation with single family homes needs revision.

Outside London there are virtually no luxury high rise condominiums of the sort one finds everywhere else in the world. out NIMBYism and selfish BANANAism is storing up trouble for the economy's competitiveness and more and more of our competent young are and will emigrate and the IQ of the economy will decline.

Government, get real! ditto the Tories, take a stand and a leaf out of Harold MacMillan's book when he was housing mininster in the early 1950s. We can do it, but first we have to have the will and fire the thousands of useless bureaucrats and jobsworth who are gumming the system up.

oldasiahand, Guildford, UK

I think it is catch-22 now, and the bubble will burst soon:

- You build more and the market becomes very vulnerable to economic slowdown (economic migrants leave the UK the moment there is no jobs for them)
- You stop the immigration and the inflation goes up pushing interest rates up
- You introduce any new tax or regulation and the property market will freeze with en masse exit of BTLers


Squatter handed deeds to £3.5m plot on the Heath

Metro, Wednesday, May 23, 2007

It's not exactly Trump Towers – but Harry Hallowes is more than happy with his £3.5million abode.

The tramp, who has squatted in a prime piece of real estate on London's Hampstead Heath for almost two decades, has been handed the deeds to his plot of land.

The 70-year-old, who has lived in a 12ft by 8ft shack on the land since 1986, is overjoyed at being given the title deeds from the Land Registry.

His precious home in the grounds of Athlone House is now his to sell or pass on.

And, subject to planning permission, the 800 square metre plot could be worth £3.5million.

The landmark decision marks the end of a bitter three-year battle with Dwyer, the company behind the massive redevelopment of Athlone House.

Harry, who boasts Monty Python star and film director Terry Gilliam among his many friends in nearby Highgate in North London, said: 'I absolutely love it here.

'But I always expected to be given them – I didn't expect any other outcome. I have got my deeds locked up safe and sound.'

He added: 'I won't be having a bird sanctuary or anything like that.

'Maybe I'll build myself a house – everybody else around here seems to love building houses.'
The deeds are for a fenced area measuring 20m by 40m on the iconic heath, loved by walkers, cyclists and nature-lovers.

In March 2005, Dwyer failed in a bid to evict Mr Hallowes.

The company is turning Athlone House, a former nursing home, into luxury flats as part of a multi-millionpound scheme, and wanted Mr Hallowes out of the way.

But at a court hearing lawyers presented evidence that the popular pensioner had lived on the plot for 18 years.

This went unchallenged and became the basis for his 'proscriptive title' claim for the land.

Mr Hallowes' solicitor Maurice Evans said: 'At one stage the company which owned Athlone House needed vacant possession of the land.

'Mr Hallowes was successful in fighting that action and from that it automatically followed that he had a right to the land.'

Squatter handed deeds to £3.5m plot on the Heath
Harry Hallowes
is a lucky tramp
 
   
Asset Land Investment Plc - Tel: 0845 6031926 - Contact Us

Asset Land Investment plc ("Asset Land") is not authorised or regulated by the Financial Services Authority or any other regulatory body.  Asset Land does not give investment advice or offer regulated investment products to the public.  Asset Land offers parcels of land for sale.  Having sold the land, Asset Land does not pursue re-zoning or planning permission and as such does not carry on any regulated activities under the Financial Services and Markets Act 2000.  Neither Asset Land nor any person connected with it will have any role in pursuing re-zoning or planning permission, either in respect of individual parcels of land or a site as a whole, as a way of increasing the value of the land.  Asset Land gives no guarantees that land will in the future be re-zoned for development purposes or that planning permission will be granted.  The value of land and any income from it may go down as well as up and you may not get back the original amount invested.  Past performance is not a guide to the future.


Website Design by Creativei Media Group Links Google XML