Global Banking And Finance Review-y580

Investing In October 2012, Lucent Group announced that the Lucent Strategic Land Fund had grown in value by just over 50% since it was launched in 2010. The market case for strategic land development is overwhelming: There are many more people wanting homes than there are homes available. This acute housing shortage in the UK means there is a high demand for "oven-ready" sites that can be developed for residential or mixed use. Official projections show the need for an additional 232,000 homes to be built in England every year just to meet current household growth. And yet in 2009 there were just 118,000 housing .pletions; in 2010, 102,570 .pletions; and in 2011, 109,020 .pletions. These figures have helped to create strong cross-party political support for the need to boost the house-building sector and for changes to planning laws that are designed to make the development of land easier. The constraint on the delivery of "ready-to-build" land is the single biggest hurdle to increasing housing supply. The delivery of strategic land is what we do. Lucent focuses on the most profitable part of the land development process: acquiring sites that have been identified to .e forward for residential or mixed-use development within their respective local plan but that do not yet have detailed plans or permissions. Lucent then works with its own in-house team of specialists, augmented by a select group of professional consultants, to produce sustainable "development-ready" land sites before selling them to house builders or other development .panies. The Fund was launched at a nervous time for investors, but it has now grown to a critical size with acute interest from sophisticated and institutional investors across the world. Since the Fund opened in 2010, the shares have risen in value by 50.99%. So far this year, the Fund has grown by 11.01%. In the recent investment climate, this is a remarkable achievement. The increase in value has resulted from Lucent delivering on its strategy. We have secured 605 acres of the Lincolnshire Lakes project, which can ac.modate up to 4,000 homes and .mercial development in the first phase. Lucent is working with the council to create a masterplan for what will be one of the largest garden city projects in the UK, a concept of a series of villages. The masterplan will soon be going out to public consultation. We expect to be announcing further acquisitions in the south of England shortly. The Lucent Strategic Land Fund (LSLF) operates in a structure of rigorous governance and .pliance. It is a dedicated fund of KMG SICAVSIF based in Luxembourg and regulated by the .mission de Surveillance du Secteur Financier (CSSF). With a separate board of directors owing overall responsibility for approval of all investment and divestment re.mendations, the LSLF has also appointed KMG Capital Markets Luxembourg S.A. to act as its global investment manager. Governance of the LSLF and the operations of two dedicated Lucent Group .panies (Lucent Advisors Ltd and Lucent Global Distribution Ltd) is aided by a range of advisory firms, including BNP Paribas Real Estate, which provides the monthly valuation of the LSLF. The Lucent Strategic Land Fund has been designed to provide well-informed investors with the opportunity to access this fundamental asset class. There is little doubt that land investment is in a well-governed structure one of the safest and smartest ways of investing money. The LSLF is the only open-ended investment vehicle available that focuses purely on strategic land delivery in the UK. But it is about more than wealth creation. We also have a social responsibility to ensure the sites that we plan are sustainable and right for the people who will live and work in them. This goes to the heart of what we do and what we believe in. We help the Government and local authorities we work with deliver their ambitions for the future. I am proud to say that those who work with me have a fantastic record of delivering sustainable and desirable plans. I hope and believe that our legacy will be sustainable and responsibly developed sites .bined with exceptional returns for investors. ~ Marco Pasquale, Lucent Group UK ~ About the Author: 相关的主题文章: