Lune Valley CLT’s Long Lease To South Lakes Housing

In UK Trowers & Hamlins, advised on the matter.

Trowers & Hamlins advised Lune Valley Community Land Trust Limited with a team including Louise Robinson (Picture – Real Estate).

Lune Valley CLT granted a long lease with build obligations to South Lakes Housing for a new £4 million Passivhaus Standard scheme in Lancaster for 20 high-quality eco-friendly family homes on a brownfield former industrial site in Halton.

The homes will be available for affordable rent and shared ownership for local people and are being delivered by SLH in partnership with the Lune Valley Community Land Trust and Lancaster City Council.

The Passivhaus homes will provide comfort, quality and lower running costs for residents and will help SLH to achieve its aspiration to reduce household bills and achieve affordable warmth for customers.

The homes will be constructed offsite to reduce costs and construction time and will help cut carbon emissions. Compared to standard buildings, homes that are built to Passivhaus standards generally need 90% less energy for heating and hot water and are constructed using airtight building fabric, high performance windows and doors and insulated frames.

The Lune Valley Community Land Trust bought the land from the land-owner and received grant funding from Lancaster City Council to cover pre-development costs incurred for preparation of planning. The next step was to then grant SLH an agreement for lease, and long build lease to allow them to carry out and complete the development.  It was key for Lune Valley CLT to ensure that the homes would remain both as affordable homes for the community but also that they would continue to adhere to the Passivhaus standard and that it would be a partnership with SLH to ensure that the community led aims and objectives for the development continued throughout the term.

Trowers Partner Louise Robinson (Picture) led on the deal.

Involved fees earner: Louise Robinson – Trowers & Hamlins;

Law Firms: Trowers & Hamlins;

Clients: Lune Valley Community Land Trust Limited;

Author: Giulia Di Palma