Lucy Real Estate Capability

Our real estate businesses are centred on Oxfordshire, where we are one of the region’s leading private landlords and niche property developers. We aim to support sustainable living via eco-friendly property construction and rental. The case study demonstrates one of our ongoing development projects.

St Paul’s House – Oxford City Council joint venture

This is a complex project to regenerate and enhance the former Jericho Health Centre, a dilapidated 1970s building on Walton Street in Jericho. The work involves adding an extra nine apartments, significantly refurbishing the existing eight apartments, and creating 7,000 square feet of commercial space on the ground floor.

This new project is being developed with sustainability and eco-friendly features in mind, including air source heat pumps and solar panels that will help to deliver a net zero carbon rating for the new apartments. The podium level garden and balconies will enable residents to have the amenity space that is so sought after in Oxford city.

A supermarket has taken the lease for retail space and the remaining commercial unit is being marketed.

Feedback from the local community has been positive and the informative and eye-catching hoarding wrapped around the building has generated a great deal of interest. The refurbishment will totally transform this rather unloved building and will create an impressive piece of architecture in this prominent Jericho location. The development is due to complete in Q2 2023.