Decision details

Acquisition Of New Build Housing Through A Package Deal Arrangement On Land At Wyndham Crescent, Cardiff

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

he council has an opportunity to enter into a ‘package deals’ with developing contractors for the delivery of 2 new housing development schemes. The first would see around 30 x 1 bed flats for older people delivered in Canton and the second would see around 31 x 1 and 2 bed flats being delivered off Pentwyn Drive. Both Developers have secured the sites and are working their way through the planning process. 

The report is seeking an in-principle decision from Cabinet for the council to enter into both package deals should the conditions detailed in the report be discharged, These conditions will include the Developers having the freehold interest of the land, a planning consent approved, full due diligence regarding the package deal sum, the build costs and the value of the properties once completed.

 

Publication date: 19/03/2021

Date of decision: 18/03/2021

Decided at meeting: 18/03/2021 - Cabinet

Accompanying Documents: