PROPERTY
When the government expanded PDR to allow high street shops to be converted into homes in 2021, the British Property Federation (BPF), whose members include Land Securities (LAND), Unite (UTG), British Land (BLND), Shaftesbury Capital (SHC), Hammerson (HMSO), Derwent London (DLN) and most other larg...
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| Published in: | Investors Chronicle 2023-10, p.58 |
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| Main Author: | |
| Format: | Article |
| Language: | eng |
| Subjects: | |
| Online Access: | Get full text |
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| Summary: | When the government expanded PDR to allow high street shops to be converted into homes in 2021, the British Property Federation (BPF), whose members include Land Securities (LAND), Unite (UTG), British Land (BLND), Shaftesbury Capital (SHC), Hammerson (HMSO), Derwent London (DLN) and most other large property companies, vocally opposed the idea. "Worryingly, while there are many examples of high-quality PDR homes, there is growing evidence of, and media attention on, poor-quality PDR homes, eroding trust in developers," it said. The lack of developer enthusiasm, combined with the rise in interest rates and councils' opposition to it, has led to a gradual decline in PDR schemes since 2015. |
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| ISSN: | 0261-3115 |