Decision details

Opportunity to redevelop Belgrave House as affordable rented housing for key workers

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

1.    Cabinet approved the principle of Belgrave House being converted into 120 affordable rented apartments which will be leased to the Council by Legal & General (the owner of the building), retained within the Housing Revenue Account and managed and maintained by Northampton Partnership Homes.

 

2.    Cabinet approved the action that the Council and Northampton Partnership Homes are taking to progress the development of Belgrave House, including the expenditure that is being incurred in relation to the assessment, design and ‘due diligence’ work carried out on Belgrave House.

 

3.    Cabinet agreed to receive a further report in May 2019 when approval will be sought for the Council to enter into an investment arrangement with Legal & General, using a financial lease, in order to facilitate the conversion and regeneration of the Belgrave House office building into a residential scheme of 120 apartments.

Publication date: 16/01/2019

Date of decision: 16/01/2019

Decided at meeting: 16/01/2019 - Cabinet

Accompanying Documents:

 

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