Page 43 - The Land Trust Annual Review 2020

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.

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