Financial & Legal News

Office to resi development rights to become permanent

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New measures announced recently by the Government will make it easier to convert underused offices into new homes.

Brandon Lewis MP explained that the measures ‘will mean we can tap into the potential of underused buildings to offer new homes for first-time buyers and families long into the future, breathing new life into neighbourhoods and at the same time protecting our precious green belt’.

Temporary permitted development rights were introduced in 2013 since when 4,000 conversions have been approved without the need to apply for planning permission. The Government had originally planned to let these rights expire in May 2016 but this latest announcement will see the rights become permanent.

In addition, further new rights are to be introduced which will allow office buildings to be demolished and new residential builds erected.

Developers will welcome this announcement not least for the added comfort they will now enjoy when planning their future, ‘office to resi’ projects in the short term.

Click here to read the Government Press Release.

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