AUGUST 2024
ISSUE 14

MONTHLY NEWSLETTER

Bringing you the latest news and insights in Trinity Assets!

Key Labour Government Policies

HS2

 
The Labour Party’s stance on HS2 is cautious. They support improving the rail, but don’t commit to reversing the Conservative’s decision to scale back HS2.

 

Trinity: This won’t have an impact on the ongoing Phase 1a which is the Birmingham to London route. However, the above might be an opportunity for HMOs within the region

 
Stamp Duty Increase for Overseas Buyers:
 
Labour plans to raise stamp duty for overseas property buyers to fund UK housebuilding, aiming to make homeownership more accessible for British families and young people.
 
Trinity:The Labour government has not yet given us an indication of the increase, it could be a deterrent to foreign investors but I don’t think it will be as high as stamp duty in Singapore.
 

Securonomics 

 

1. Reeves introduced “securonomics,” aiming to rebuild UK industry, boost economic resilience, and reduce reliance on global supply chains through state-business partnerships and local production of critical technologies and goods.

 

2. Major infrastructure planning decisions in Britain will be made nationally instead of locally to prevent important projects from being tied in years of red tape.

 
Trinity:  This could lead to development opportunities in the UK
 
 
3. Green belt boundaries will be reviewed to prioritise brownfield and so-called “grey belt” land, which are poor-quality areas in the green belt such as disused car parks or areas of wasteland. The transport and energy secretaries will prioritise decisions on infrastructure projects that have been “sitting unresolved for far too long”
 
 
Trinity: This could lead to development opportunities in UK
 
 
4. Labour plans to build on the “grey belt” to meet its pledge of 1.5 million new homes in five years. Chancellor Rachel Reeves said planning rules will prioritize brownfield and poor-quality green belt sites.
 
 
Trinity: I’m not overly optimistic as we’ve been promised by previous administrations. Hopefully, this will be implemented as it would significantly reduce planning timelines 

Bradford Lofts Coming Soon...

Bradford Lofts consists of 50 cleverly designed studios distributed over 8 floors. Each studio is thoughtfully crafted to offer a unique yet luxurious living experience. Ideal for young professionals, our apartments provide a perfect blend of comfort and sophistication, creating a true home away from home.

Our community-oriented design fosters a sense of belonging, enhanced by our well-appointed social spaces. Whether one is looking to unwind after a long day, engage in productive work sessions, or socialize with neighbours, Bradford Lofts offers the ideal balance for work, rest, and play. Join us and experience a lifestyle that seamlessly integrates modern living with a warm community feel.

Current Project: Forge House

Currently under development in Brierly Hill, Forge House is an exciting conversion project, transforming a key building into 16 modern self-contained flats. Situated in the vibrant Metropolitan Borough of Dudley, West Midlands, this development promises contemporary living in a community -rich setting.

Brierley Hill, known for its industrial roots, now thrives with commerce and cultural vibrancy. Forge House residents will benefit from nearby amenities like the Merry Hill shopping centre, various parks, and cultural sites. The location ensures easy access to essential services and transport links, perfect for residents and appealing for supported living and social housing companies.

For more information contact Goke@trinityassets.co.uk or Kayode@trinityassets.co.uk

Investment Site Tours

At the end of last month, we had the pleasure of hosting a group of distinguished investors from Singapore. During their visit, we conducted an extensive site tour, showcasing five of our prominent Midlands sites.


The tour included detailed presentations, in-depth discussions, and on-site inspections to provide the investors with a comprehensive understanding of our operations and future potential.

Contact us

Name

Trinity Assests

Email

info@trinityassetmanagement.co.uk

Phone

+44 121 517 0054