Page 43 - The Land Trust Annual Review 2020
P. 43

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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