Issue - decisions
Acquisition of Grand Union Phase One Affordable Homes
21/04/2020 - Purchase of 114 Affordable Homes in Alperton
Cabinet RESOLVED:
(1) To note the content of the report, including the amendment to the figure in section 6.2 of the report which should read 92 and not 22 affordable homes.
(2) To approve the proposed purchase of the long leasehold interest in 114 affordable homes within the scheme currently in development for the purchase price of £27m (plus statutory costs), subject to contract and subject to a) clean and marketable title b) financial and legal due diligence and c) vacant possession, with a target exchange of contract in May 2020
(3) To delegate authority to the Strategic Director of Regeneration & Environment in consultation with the Lead Member for Regeneration, Highways, Planning, to negotiate and agree the terms and thereafter enter into a contract with the developer for the purchase of the scheme.