Dear Ms Brown

Thank you for your Freedom of Information request that was sent to the Council on 30 October.

Over the last 10 years the Council has sold approximately 600 properties, excluding properties sold under the Right to Buy legislation, which are Council homes sold that are sold to tenants. This has generated approximately £248,479,649 for the Council.

The Council operates the principle of a Single Capital Pot. This means that all capital available to the Council is pooled centrally and allocated to capital projects according to priority and need. Over the years the Council would have invested in varied projects such as schools, roads, dwellings, offices, leisure centres, libraries and a range of other schemes that serve the residents of the Council.

I hope that this response has answered your query.

If you are dissatisfied with the way in which your Freedom of Information request has been dealt with you can request an internal review by emailing: xxxxxxxxxx@xxxxxxx.xxx.xx (Please quote the reference number above) or by writing to:

Corporate Complaints Manager

Lambeth Town Hall

Brixton Hill

Brixton

SW2 1RW

If you remain dissatisfied with the outcome of the review you have a further right to appeal to the Information Commissioner, who regulates the implementation of the Freedom of Information Act. The Commissioner can be contacted at the following address:

Information Commissioner’s Office

Wycliffe House

Water Lane

Wilmslow

Cheshire

SK9 5AF

Enquiry line: 01625 545745

Yours faithfully

Tunde Ogbe

Corporate Property Manager

Valuation and Asset Management Services

Housing, Regeneration and Environment

phone: 020 7926 9370

fax: 020 7926 9357

email: xxxxx@xxxxxxx.xxx.xx

website: http://www.lambeth.gov.uk

London Borough of Lambeth

Hambrook House

Porden Road

SW2 5RW

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