Issue - meetings

Cabinet approval was granted on 20 January 2016, for the redevelopment of the Church End car park site in Brent Council’s ownership to provide 34 homes, in conjunction with Catalyst Housing Group, who would develop 65 homes on adjacent land in their ownership bringing the total number of units between both sites to 99 new homes. An opportunity has arisen for Brent Council to purchase Catalyst's freehold interest in their site, to enable Brent to deliver the entire scheme of 99 homes.

RESOLVED:-

      i.        Cabinet agreed to the acquisition of the Catalyst Housing owned land and buildings necessary to implement the entire redevelopment of the Church End car park site (see confidential appendix three for details of the proposed purchase price)

    ii.        Cabinet, in respect of the Catalyst land, agreed to capital investment of £21.8m to bring forward the development of the planning consented 65 homes and associated commercial units on the Church End car park site.

   iii.        Cabinet noted that £8.2m was approved for the development of 34 new homes on the adjoining council owned site, due to increased build costs, that Cabinet approve an additional £500k.

   iv.        Cabinet noted, the total investment required for the redevelopment of the Brent & Catalyst land is a total scheme budget of £30.5m.

    v.        Cabinet delegated authority to the Strategic Director of Resources in consultation with the portfolio lead member to finalise contract terms and appropriate the land referred to in paragraph 2.1.

Councillor Muhammed Butt, Leader of the Council, introduced the report. He stated that Cabinet approval had been granted on 20 January 2016, for the redevelopment of the Church End car park site in Brent Council’s ownership to provide 34 homes, in conjunction with Catalyst Housing Group, who would develop 65 homes on adjacent land in their ownership bringing the total number of units between both sites to 99 new homes.

He informed Members that the opportunity has arisen for Brent Council to purchase Catalyst's freehold interest in their site, to enable Brent to deliver the entire scheme of 99 homes.

Councillor Mashari, Lead Member for Regeneration, Growth, Employment and Skills welcomed the report.

RESOLVED:-

      i.        Cabinet agreed to the acquisition of the Catalyst Housing owned land and buildings necessary to implement the entire redevelopment of the Church End car park site (see confidential appendix three for details of the proposed purchase price)

    ii.        Cabinet, in respect of the Catalyst land, agreed to capital investment of £21.8m to bring forward the development of the planning consented 65 homes and associated commercial units on the Church End car park site.

   iii.        Cabinet noted that £8.2m was approved for the development of 34 new homes on the adjoining council owned site, due to increased build costs, that Cabinet approve an additional £500k.

   iv.        Cabinet noted, the total investment required for the redevelopment of the Brent & Catalyst land is a total scheme budget of £30.5m.

    v.        Cabinet delegated authority to the Strategic Director of Resources in consultation with the portfolio lead member to finalise contract terms and appropriate the land referred to in paragraph 2.1.