Commercial Property

Excluding investors from refurbishment grants a missed opportunity

With ‘acres of upstairs space in the city lying vacant’, encouraging more investors to refurbish old properties and convert them into flats would help address the shortage of accommodation

Grove Park: thriving as it has been refurbished

The government recently announced two financial measures to encourage conversion of vacant space in our cities into residential accommodation.

One of these was the decision to extend the deadline for applications for Living City Initiative (LCI) tax incentives by five years until the end of 2027. It also reduced the period from ten to seven years during which LCI tax allowances are reclaimed against the cost of refurbishment of old properties. In addition, tax relief ...