Affordable Eco Development

The new government policy on the housing shortage sparked the thoughts of the directors at ILandI. The main issue which concerns ILandI is the need for more affordable and Eco-friendly housing.

The non-listed Plcs are in the position to secure sites in areas where there is a real need for this type of housing. We have looked at the financial breakdown and all forthcoming sites can still be offered to our investors with high returns. ILandI will enter into joint ventures with major developers with the understanding that any sites taken forward will be allocated for Affordable/Eco-housing.

What this means ultimately is that You will be helping to solve the first time buyer problem in Scotland. The number of affordable homes approved each year has increased from 5,804 in 1998 to 7,104 in 2006- an increase of just 1,300.
ILandI will help to significantly increase this figure by working closely with local councils and major developers.

From an investment angle, it means that our sites will have a much greater chance to get through planning and in a shorter timescale, while still offering high returns.

The reason this works is that ILandI are prepared to accept a lower Open Market Value for their land. They will still make money just to a lesser degree.



SCOTTISH SUSTAINABLE COMMUNITIES INITIATIVE

The Scottish Sustainable Communities Initiative (SSCI) was launched recently.

The Initiative is part of the Scottish Government's vision of more homes of all tenures, built to higher environmental and design standards. It aims to bring strong and innovative design and building principles into our settlements, and promote exemplars of how communities could live in the future. Notwithstanding current difficulties in the housing market there continue to be strong underlying requirements for housing in Scotland. The SSCI offers the opportunity to explore how to meet that demand into the future in the most sustainable ways.

It is hoped that local authorities, landowners and developers are encouraged to propose sustainable communities as part of the solution to meeting housing requirements in their areas and contribute to the future sustainable growth of Scotland.

Adobe LogoScottish Planning Policy SPP3: Planning for Housing

Scottish Planning Policies (SPPs) provide statements of Scottish Executive policy on nationally important land use and other planning matters, supported where appropriate by a locational framework


    • Eco Land

      As the need for affordable housing continues to rise and the call for more ecological housing increases, Intelligent Land Investments aims to tackle both of these problems with the launch of EcoLand (ecological and economical housing).

      This initiative will see Housing Developers having to agree to build both ecological and affordable housing should they wish to purchase sites from Intelligent Land Investments. These clauses will ensure that this type of housing is developed on our sites.

      When we submit this initiative to the Local Planning Authority we believe it will make them look favourably upon our submission which will be of great benefit to our shareholders. The first ILI site to come under this initiative will be available from March 2008. The share option will work in the same way as previous ILI sites. The site is secured by ILI and a holding company is created to take ownership of it. Shares in the holding company are sold to private investors and when planning permission is achieved the land is sold and the profits split between the shareholders.

      Already, one of the UK’s major housing developers has entered an agreement to purchase this site and develop ecological and affordable housing on it. Under the terms of the agreement, when planning permission is granted (expected in the next two to seven years) ILI will sell the land at a reduced rate in return for a commitment from the company that a 100 per cent of homes built on the site will be affordable and/or environmentally friendly housing. However this will not affect our shareholders as ILI will take a reduction in profit in the site in order to ensure this type of housing is built.

      ILI feels that because the local community and the local environment will benefit greatly from this, a reduction in its profits is a small price to pay. Working with Keppie Design one of the country’s leading planning consultancies, ILI identifies land which does not currently have planning permission, but which that has a good chance of being granted this in the future. Under the EcoLand initiative ILI estimates that investors will see a return of around 400 per cent in the medium to long term. With investors able to get involved from £5000 this is an investment available to everyone.

      ILI believes that one of the key drivers for the lack of affordable accommodation has been low and diminishing levels of housing in Scotland, with a recent RICS (Royal Institution of Chartered Surveyors) survey showing that rising sales and buyer enquiries are contrasting strongly with the falling availability of homes.