Holdings
Properties
Freeholds
Holdings|Freeholds|Properties
Published on March 5, 2025
At Patel & Patel, we’re always on the lookout for innovative ways to grow our property portfolio and deliver value for our clients.
At Patel & Patel, we’re always on the lookout for innovative ways to grow our property portfolio and deliver value for our clients. One such opportunity lies in Class MA Permitted Development Rights, which allow the conversion of commercial buildings into residential use without the need for full planning permission.
Our team is actively exploring this strategy to identify and capitalise on potential opportunities. Here’s why Class MA is such a game-changer and how we’re leveraging it to expand our portfolio:
Introduced in 2021, Class MA rights enable the change of use from commercial (Class E) to residential without requiring a full planning application. This streamlined process applies to buildings that have been vacant for at least three months and are under 1,500 square metres in size.
1. Faster Development: By bypassing the traditional planning process, Class MA allows for quicker conversions, reducing delays and costs.
2. Addressing Housing Needs: With the UK facing a housing shortage, converting underutilised commercial spaces into homes helps meet demand.
3. Revitalising Communities: Transforming vacant or struggling commercial properties into residential units can breathe new life into local areas.
Our team is actively seeking out potential opportunities to expand our portfolio through Class MA conversions. Here’s how we’re approaching this strategy:
1. Site Identification: We’re targeting underutilised commercial properties in prime locations that are suitable for residential conversion.
2. Due Diligence: Our team conducts thorough assessments to ensure sites meet Class MA criteria and align with our investment goals.
3. Design Excellence: We prioritise high-quality, sustainable designs that create desirable living spaces while respecting the character of the local area.
4. Community Impact: By focusing on vacant or struggling commercial properties, we aim to contribute to the revitalisation of communities while delivering strong returns.
As the demand for housing continues to grow, Class MA Permitted Development Rights offer a unique opportunity to unlock the potential of underutilised commercial spaces. At Patel & Patel, we’re excited to be at the forefront of this trend, leveraging our expertise to identify and deliver high-quality residential conversions.
By embracing innovative strategies like Class MA, we’re not only expanding our portfolio but also contributing to the creation of much-needed homes and vibrant communities.
When it comes to property investment, one strategy that has consistently stood out for me is Title Splitting.
As the UK faces ongoing housing shortages and planning challenges, innovative solutions are needed to unlock development opportunities.