'Airspace’ development is defined as unused space on top of residential, commercial or public building, which can potentially be developed into offices or apartments.
The potential is remarkable. Recent research by Knight Frank estimates that there is £51 billion worth of untapped ‘airspace’ value in central London alone.
So who benefits from this untapped value? If you own the property, you do. As a property owner you own the space immediately above your property and it’s yours to sell. Of course, the value of the space will depend on location, size and suitability for development. This includes whether the structure is strong enough for further construction and how many units it can reasonably take.
Building off site within the controlled environment of a factory is now seen as the future of the construction industry – the most feasible way to speed up construction and supply of new homes. It’s an approach that was championed in the Government’s 2017 White Paper ‘Fixing our broken housing market’.
Introducing Landmark Modular
Landmark Modular belongs to the Landmark Group, who have been the industry leaders in domestic loft conversions for over a decade. We now bring our years of specialist knowledge and know-how into the commercial airspace sector, working with you to increase your property value through the profitable development of your rooftop. In addition, we work with clients on joint ventures.
Landmark Modular clients benefit from the experience and expertise of a large professional in-house team and a dedicated Yorkshire factory. A customised modular unit is constructed from light gauge steel in our factory – giving us total control over every single detail.
Four reasons to consider a modular development:
Landmark Lofts is part of the Landmark Group - the only group in London specialising in the project management of loft conversions, extensions and refurbishments to include a Chartered Building Company (CIOB), Chartered Architectural Practice (RIBA) and to be regulated by the Royal Institution of Chartered Surveyors (RICS). The Landmark Group specialises in the project management of loft conversions, extensions and refurbishments.