Page 42 - The Land Trust Annual Review 2020
P. 42

Our new sites                                                                                                        Land Trust Annual Review 2020





























































                                                                                                     Transferring new
                                                                                                     sites is important
                                                                                                     to the Land Trust’s
                                                                                                     long-term financial
        Our service charge business continues to thrive                                              sustainability               New Lubbesthorpe                                    Merlin Park
        and grow, adding new sites at New Lubbesthorpe,
        Leicestershire and Merlin Park, Nottingham to our                                                                         New Lubbesthorpe is an exciting new development with   Inspired by the site’s RAF history, Merlin Park is an
        portfolio. This brings the number of service charge sites                                                                 substantial, well planned and designed green space to   attractive new community with exciting communal open
        under our management to nine, managing the green                                                                          benefit the community. The Land Trust will be taking on   spaces, containing play areas and green open spaces.
        space on behalf of over 4,400 homes. It is expected                                                                       the ownership and management of these spaces over   These green spaces have been developed to create a
        that this will grow to 14,750 units once the sites are fully                                                              time, ensuring they are maintained to a high standard,   great place for the community to live and prosper as well
        built out.                                                                                                                enabling residents of New Lubbesthorpe to exercise,   as fulfil a whole range of shared functions. This includes
                                                                                                                                  play and enjoy spending time there.                 providing safe pedestrian and cycle access routes,
        Alongside these service charge sites we were                                                                                                                                  allowing for sustainable drainage and creating leisure
        pleased to bring a number of new endowment sites                                                                                                                              and social opportunities.
        under management.

        Looking ahead we have an increasingly strong
        development pipeline and we are very confident that
        a number of these will transfer to our management in
        2020-21.



                                                          42                                                                                                                        43
   37   38   39   40   41   42   43   44   45   46   47