May 23, 2017

Archives for April 2016

After 30 years, can’t FirstPort contracts go out to tender? And, what’s happened to the chairman of LEASE?

At the Carlex / LKP roundtable at Westminster yesterday there were a couple of interesting questions from attendees. One gentleman asked: “I own a portfolio of [50] retirement properties. Most are in sites that were built by McCarthy and Stone and are managed by FirstPort formerly Peverel formerly etc … “In almost all these cases […]

Woodchester Valley Village: How we turned a disaster into the first mutually owned retirement village

MPs were told yesterday of how residents took control of a bankrupt retirement village, raised £2 million and turned it into the first mutually owned retirement site in the country. Professor Peter Wilson told the Carlex / LKP roundtable, hosted by the charity’s MP patrons Jim Fitzpatrick and Sir Peter Bottomley, that the initiative was […]

No more think tank ‘research’ into retirement housing paid for by housebuilders, please

The Westminster roundtable heard yesterday that think tank ‘research’ paid for by housebuilders or their trade bodies routinely avoided all reference to problems in the retirement housing sector. The event was organised by Carlex / LKP, and hosted by the charity’s MP patrons Jim Fitzpatrick and Sir Peter Bottomley, and was attended by 50 leasehold […]

Bob Bessell hands £7 million of retirement freeholds to the residents

… and the housebuilder wants an end to ‘feudal’ ground rents, too! Bob Bessell, founder of housebuilder Retirement Security, yesterday pledged to leave his freehold portfolio – worth £7 million – in a trust controlled by the pensioner residents at his sites. The undertaking was made at a Westminster roundtable organised by Carlex / LKP […]

Carlex Westminster roundtable on retirement housing

On April 28 there will be a Carlex roundtable on retirement housing at Westminster. The purpose is inform MPs of the issues in retirement housing, and to suggest how it could be further improved. There have already been shifts in position by retirement housebuilders: 999 year leases are becoming more widespread, and some retirement providers […]

Tatton Court latest Cheshire site seeking to dump Tchenguiz / FirstPort

Tatton Court is the latest Cheshire retirement site wanting to be rid of the FirstPort / Tchenguiz management which dominates private retirement housing. “We feel that you are being deliberately awkward in blocking our claim,” the RTM directors write to Estates and Management, the Tchenguiz company that manages his freehold portfolio. “We also feel that […]