Decision details

The Kier Asset Management Team submitted a report to seek approval for the adoption of the Master plan, Revision E, for the Council’s land at Linacre Road, and to provide an outline of the proposed marketing for the sale of the site.

The revised Master Plan had been designed to maximise the development potential of the land so as to be appealing to potential buyers and developers. The report provided full details of the Master plan and noted that its development had taken into account community comments received during the extensive consultation process.

*RESOLVED –

1.   That the Master plan Revision E, included at appendix 2 of the officer’s report, be adopted as the basis for bringing forward for sale the site at Linacre Road, Ashgate.

2.   That the proposed marketing strategy, for the council’s Linacre Road site be agreed.

REASONS FOR DECISIONS

The Master Plan will form the Council’s stated planning position. It will also de-risk the site from a developer’s point of view, simplify the bidding and evaluation process and accelerate capital receipt realisation.

Based on the positive comments received from developers, this is an opportunity for the Council to realise the capital receipt.