Issue - decisions

Purchase of additional council and intermediate homes on the Manor and Braganza sites

12/05/2021 - Purchase of additional council and intermediate homes on the Manor and Braganza sites

That it be approved that the Director (in consultation with the Strategic Director of Housing and Modernisation) agrees the leasehold purchase of 13 units from Durkan Limited (Durkan) to provide 10 new council homes for social rent and 3 new intermediate homes across both the Manor Place and Braganza Workshops development sites for a total cost of £4,334,000. £1,084,000 of this cost is provided by a grant from the GLA, resulting in a net payment from the council of £3,250,000.