Issue - decisions

RESOLVED: To

1.1.Approve that Brick by Brick Croydon Ltd may sell the freehold of the development at Kindred House (previously called Wandle Road Car Park) which compromises 128 residential units, 3 office spaces and one commercial units for the disposal price agreed with the purchaser and under conditions as detailed in Confidential Part B of the report.

1.2. Note that the disposal consists of 128 residential units of which 60 are Affordable Units and which includes 41 as Shared Ownership units and the rest are 100% affordable rental properties. This mix is in line with the existing S106 agreement as attached in Appendix 2.  

1.3. Note consultation with the Deputy Mayor and Cabinet Member for Homes, the Cabinet Member for Finance, Chief Executive and Section 151 Officer took place on 14^th September 2022 and 1^st November 2022 at the Brick by Brick Shareholder Mayor’s Advisory Board.

1.4.To approve that the Council will withdraw the Homes for London grant allocation received from GLA with regards to Kindred House.