Paul Marinko 19 November 2019

Council to buy back estates from developer

Council to buy back estates from developer image

Hammersmith and Fulham LBC is to take back ownership of two housing estates 12 years after they were sold off by a previous administration.

The authority’s Labour leader, Stephen Cowan, has revealed ownership of the Gibbs Green and West Kensington estates is to pass back to the council following the former Conservative administration’s decision to sell them off in 2012 for £105m.

Both estates, which will now be saved, formed part of a huge housing scheme for Earls Court, originally drawn up in 2007, which has already involved the bulldozing of the exhibition centre.

Residents of the 760 flats on the estates were to be offered replacement homes in the new development but the original buyer - property firm Capital & Counties (Capco) - announced last week it was selling the development to developers APG and Delancey.

Now the Labour administration, which has been in control of the authority since 2014, has reached an agreement with Delancey to take back the estates in exchange for £89.6m – the sum of the original £105m deal so far paid by Capco – once the deal between the property firms is completed.

Cllr Cowan said the original agreement had been a ‘dreadful deal,’ adding: ‘This has been a very long and hard fight.

‘The residents have been through huge stress and anxiety, and I’m delighted for them that we have been able to bring it to a very successful conclusion.’

Building beautiful image

Building beautiful

Edward Nash argues the challenge of embracing beauty is an opportunity for communities.
SIGN UP
For your free daily news bulletin
Highways jobs

Head of Looked After Children and Vulnerable Young People

Enfield London Borough Council
Up to £89,319
 This is an exciting opportunity to lead all the services that support Enfield’s children in care and care leavers. Enfield (City/Town), London (Greater)
Recuriter: Enfield London Borough Council

Head of Communities

Kirklees Metropolitan Council
to £61,751 (pay award pending)
We are looking for an innovative and knowledgeable senior professional to join our leadership team with strong experience of working in communities... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Economic Development Officer (Town Centres)

North West Leicestershire District Council
Band F, £29,636 - £32,878 per annum
The Economic Development Officer (Town Centres) post forms part of the Council’s Business Focus team who provide help directly to businesses. Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Educational Psychologist

Camden London Borough Council
£44,131 - £53,34
The ideal candidates will have an excellent understanding of psychological frameworks and their application in... Camden, London (Greater)
Recuriter: Camden London Borough Council

Economic Development Officer

North West Leicestershire District Council
Band F, £29,636 - £32,878
Are you interested in a challenge and want to help shape the future of North West Leicestershire? Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue