Issue - meetings

To agree to sell the council’s freehold interest in land at Devonshire Grove to the rear of 747-775 Old Kent Road and to authorise the director of regeneration to negotiate the sale and development agreement with Barkwest Ltd.

RESOLVED:

That in accordance with the terms set out in the closed cabinet report:

1.  The council’s freehold interest in land at Devonshire Grove to the rear of 747-775 Old Kent Road (as shown outlined in black in Appendix 1 of the report) be sold to the adjoining owner Barkwest Ltd for a mixed use scheme of commercial on the ground floor and  residential development above subject to planning permission being obtained.

2.  The director of regeneration be authorised to negotiate the sale and development agreement with Barkwest Ltd and place a covenant on the site which binds successors in title to an affordable housing requirement.