One Tower Bridge: profit share agreement with Berkeley Homes

Jerry Flynn made this Freedom of Information request to Southwark Borough Council

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The request was partially successful.

Dear Southwark Council,

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

The agreement contained an 'overage' clause meaning that Southwark would receive a share of the 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 the now completed scheme.

Yours faithfully,

Jerry Flynn
35% Campaign
www.35percent.org

Planning, Southwark Borough Council

Southwark Council - Information request

Our reference: 983108

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Planning, Southwark Borough Council

Southwark Council - Information request

Our reference: 983108

show quoted sections