James Stone appointed managing director at Lands Improvement Holdings
Lands Improvement Holdings (‘Lands Improvement’), one of the UK’s leading strategic land development companies, has promoted James Stone to Managing Director with effect from 1st April 2017.
Formerly Land Director at Lands Improvement, James takes over the role of Managing Director from Kevin Moriarty. Kevin has overseen the integration of the Lands Improvement business with Telereal Trillium, following the company’s acquisition by Telereal Trillium from BlackRock Europe Property Fund III, in September 2015 for £120m. With the integration process now complete, Kevin has chosen to leave the company to explore new opportunities.
Since joining Lands Improvement in 2004, James Stone has been closely involved across all of the Company’s activities from site acquisition, asset management and planning, to disposal. He was appointed to the Board in June 2011.
Commenting on his appointment as Managing Director, James said: “I am grateful for the opportunity to lead Lands Improvement, one of the UK’s oldest land investment companies, through its next stage of development.
Having been with the business for more than 12 years, and worked closely with Kevin for the majority of that time, I know that Lands Improvement is very well placed to deliver the size and calibre of strategic land developments the UK so desperately needs. We have a number of exciting projects coming forward this year and are looking to make further acquisitions.”
Kevin Moriarty said: “I have thoroughly enjoyed my time with Lands Improvement which started in 2009 when I was with the previous shareholder. Throughout that time, we have achieved so much as a team. The business is in great hands going forward, being led by James with an excellent team supported by Telereal Trillium.”
Lands Improvement’s portfolio of landholdings consists of c.2,500 acres of land across the UK – a total of 26 assets at different stages, from planning promotion to land sales. Current projects include a major site at Houghton Regis, Bedfordshire, where the Company has secured permission to start work on a 5,150 home residential development with 2m sq.ft of commercial, leisure and retail space.
Kier Living Eastern to redevelop former hospital site in Peterborough
Kier Living Eastern is delighted to confirm it will soon be building quality new homes on the site of the former Peterborough District Hospital.
Lands Improvement sign up to the Peterborough 900 Corporate Partnership
Peterborough Cathedral is delighted to announce that Lands Improvement have demonstrated their support for the Peterborough 900 campaign by becoming Silver Corporate Partners.
Kevin Moriarty of Lands Improvement today said “We are delighted to be supporting the Cathedral and the City, through the Peterborough 900 Campaign. Our development of the former Peterborough District Hospital site includes the preservation of the buildings of historical importance on the site and we are well aware of the value of preserving Peterborough’s heritage.”
Lands Improvement join over 90 existing members, all of whom give their support in recognition of the Cathedral’s unique and iconic role at the heart of the city of Peterborough.
Corporate Partners can join at various levels and payment can be spread over four years, so the scheme is accessible to companies of all sizes. All Corporate Partners benefit from invitations to networking events and enjoy special rates for use of the Cathedral’s meeting and dining spaces.
The Acting Dean of Peterborough, Canon Jonathan Baker said, “We are delighted to welcome Lands Improvement as a new partner. Their development will sit at the heart of the City alongside this Cathedral, and we look forward to celebrating with them in 2018 as we both work towards making Peterborough an inspiring place for people to live and work.”
Peterborough Land Sales
In relation to the 24 acre former Peterborough District Hospital site in the city centre, Lands Improvement are pleased to announce contracts have been exchanged for land sales which will provide up to 350 new homes.
The sales comprise of 7 acres for up to 61 homes to Weston Homes and 14 acres for 289 homes to Kier.
This is a successful conclusion to what has been a challenging project that has seen Lands Improvement complete initial land acquisition, obtain planning permission for up to 350 high quality homes, and complete all site remediation and demolition works in approximately 2.5 years.
The extensive on-site regeneration works comprised of the demolition of c750,000 sqft of previous building floor space and the recycling of 100,000 tonnes of material, plus the careful removal of modern extensions and protection of the grade 2 listed Gables building. In addition Lands Improvement managed the preservation of the property know as 60/62 Thorpe Road, which is recognised as a local building of importance in regards to maintaining the traditional appearance of Thorpe Road leading to the City Centre.
In March 2015 Lands Improvement achieved a key milestone successfully transferring regenerated land to Peterborough City Council enabling the construction of a brand new 3 form elementary school which is under construction.
Also part of the Lands Improvement works was to protect and retain the former Memorial Hospital’s Administration Block. This was achieved through specialist works on-site in conjunction with the Council’s Heritage Officer, and now we look forward to seeing the building façade incorporated into the new school – which is due to open in time for Autumn term 2016.
The Peterborough Development demonstrates Lands Improvements ability to acquire Public Sector assets with environmental challenges into places for much needed new homes in a very short timescale.
Telereal Trillium acquires Lands Improvement Group for £120 million
Telereal Trillium is pleased to announce that it has completed the acquisition of Lands Improvement Group from BlackRock Europe Property Fund III for £120 million.
Colchester Planning Approval
Unanimous planning approval was granted by Tendring District Councillors on 22nd September for 120 dwellings with significant areas of open space and very low density housing. Comments from Councillors were very positive “I have never been so impressed before when I have been to a site. There’s so much here that is good.” and “the firm was told it had set an example to be followed with its design and the way it had engaged with the local community.”