Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
We have an opportunity to acquire the former Gas Works site at Ferry Road, Cardiff. This is a strategic housing allocation in the Local Development Plan, envisaged to deliver circa 500 new homes.
The site is currently owned jointly by National Grid and Wales and West Utilities. Discussions have been ongoing for a number of years between the owners and Persimmon Homes. Despite these lengthy negotiations, Persimmon Homes have yet to enter into contracts. The owners are frustrated with the time being taken to finalise the deal hence seeking an alternative.
We have had confidential discussions with the owners to confirm our interest in acquiring the site and have been asked to submit an offer by the 31st January 2020 for consideration that is not subject to planning or ground conditions. We have commissioned specialist advice on the abnormal costs in developing the site in order that this can be taken into consideration within a valuation report.
The Appendices to this report are not for publication as they contain exempt information of the description contained in paragraph 14 of Part 4 and paragraph 21 of Part 5 of Schedule 12A to the Local Government Act 1972
RESOLVED: that the Council enter into an acquisition contract with Wales and West Utilities and National Grid for the freehold interest of former Gas Works site at Ferry Road, Grangetown to deliver a Council led mixed tenure housing scheme.
Publication date: 23/03/2020
Date of decision: 19/03/2020
Decided at meeting: 19/03/2020 - Cabinet
Effective from: 02/04/2020