The Lucent Strategic Land Fund investment objective:
- of providing capital through a targeted land acquisition program of land sites in high growth areas throughout England.
- The fund will acquire land assets which have been identified for residential development within its relevant Local Plan but prior to the grant of planning permission.
- This targeted acquisition strategy is aimed at mitigating planning risk while enabling shareholders to benefit from the largest capital gain anywhere within the real estate cycle.
- Following an intensive acquisition and planning period the fund will begin to deliver ready-to-build sites to the housebuilding market in approximately an 18 – 24 month period as demand for development land peaks and the housing market and the economy resumes an upward trajectory.
- Regional and National Housebuilders are increasingly focusing their efforts on housing delivery rather than investing in strategic land for development because of the constraints on their equity resources and the need to increase operating margins. Housebuilders are being forced to adapt to a less capital intensive model, which means finding ways of engineering down building costs and focusing on selling houses.
- Finding more capital effective means of acquiring land ready for development is essential to them.
- This has created a gap in the market where the Lucent Strategic Land Fund is ideally positioned to act as the leading platform in preparing and delivering land ready for construction.
- Lucent undertakes the acquisition, design, master planning and promotion of strategic sites and then sells consented land on to the housebuilder market.
- This approach is fully aligned with the government’s housing delivery initiatives and Localism agenda.
- Target capital gains of between 10 – 12% per annum
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For current fund performance download the latest fact sheet below.
