Bermondsey Spa regeneration - land sale proceeds

Southwark Borough Council did not have the information requested.

Dear Southwark Council,

The North West Corner of site C of the Bermondsey Spa regeneration (bounded by Grange Walk) used to comprise a Council office block (Mable Goldwyn House); a Council-owned residential care centre for adults with learning disabilities (Gibson House); and a Council-owned centre for learning disability services (Evelyn Coyle House).

The Council demolished these buildings and on 20 December 2013 it signed an agreement with Linden Homes to sell this land, which was subsequently varied by two Deeds of Variation dated 10 November 2014.

Please tell me how much the Council has received for the sale of this land as a result of its agreement with Linden Homes.

Yours faithfully,

Jerry Flynn
35% Campaign
www.35percent.org

accessinfo, Southwark Borough Council

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Shareen Henry, Southwark Borough Council

Southwark Council - Information request

Our reference: 612779

show quoted sections

CEXaccessinfo, Southwark Borough Council

Link: [1]File-List

Dear Mr Flynn,

 

Re: Your request for information: 612779

 

Thank you for your request for information that was received on 10 March
2016 in which you requested:

On 10 August 2011, Southwark Council signed a development agreement
to sell Land adjacent to Tower Bridge to Berkeley Homes Plc for the
sum of £4m.

The development agreement contained an 'overage' clause meaning
that Southwark would receive a share of any overage profit once
Berkeley's 'One Tower Bridge' development was completed.

Please tell me how much overage profit (if any) the Council
actually received from Berkeley as a result of this agreement.

 

Your request was being dealt with under Environmental Information
Regulation (EIR) 2004.

Please note that the council’s agreement with Berkeley Homes to facilitate
the One Tower Bridge development does include an overage clause.  The
overage does not become payable until all new completed units have been
sold or two years after final completion of the scheme.  The scheme has
not yet been completed and a number of units remain to be sold. 
Therefore, it is not yet possible to ascertain the overage payable.

 

If you are unhappy with the service you have received in relation to your
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should write to the Corporate Freedom of Information Manager at:

Corporate Freedom of Information Officer

The Governance Team (2^nd floor)

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London

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the Information Commissioner at the:

Information Commissioner's Office
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Telephone: 0303 123 1113
Internet: [3]www.ico.org.uk

 

Yours sincerely,

 

Martyna Plewniak

System Information Project Officer

 

 

 

 

 

 

 

 

The email you received and any files transmitted with it are confidential,
may be covered by legal and/or professional privilege and are intended
solely for the use of the individual or entity to whom they are addressed.
If you have received this in error please notify us immediately. If you
are not the intended recipient of the email or the person responsible for
delivering it to them you may not copy it, forward it or otherwise use it
for any purpose or disclose its contents to any other person. To do so may
be unlawful. Where opinions are expressed in the email they are not
necessarily those of Southwark Council and Southwark Council is not
responsible for any changes made to the message after it has been sent.

References

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3. http://www.ico.gov.uk/

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