Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: November 14, 2024

Purpose: To agree the disposal of vacant housing land to ThamesWey for the Yellow phase of the regeneration project.

Content: The Executive Resolved That  (i)    theCouncil transfers the vacant Housing land, as listed in Appendix 1 to the report, to ThamesWey Developments Limited for the agreed sum of £2,437,562 (inclusive of the reimbursement of £525,300 of costs incurred in compensating tenants); and           (ii)   it be noted that an application will be submitted to the Secretary of State under Section 32 of the Housing Act 1985 to complete the remaining property exchanges between ThamesWey Housing Limited and the Council. Reason:   The land transfer is required to allow for the completion of the Yellow phase of the Sheerwater Regeneration project, delivering a total of 187 new homes and new retail units.