Speaking at a Localis fringe event at Conservative Party Conference 2014, Duncan Bonfield of Land Securities said the developer were “struggling” to make the Ebbsfleet garden city development viable.
Ed Miliband has announced plans for new council-led corporations to boost housebuilding. The Labour leader, speaking at the beginning of the party’s annual conference in Manchester, announced under a Labour government councils would set up New Homes Corporations as part of plans to increase housebuilding to 200,000 homes a year by 2020.
One in six councils have been forced to dispose of public assets ?for less than optimal value?, according to a Localis report.
The whole housing sector should consider using off-site construction to increase the pace of house building, Brandon Lewis has said.
Councils will redevelop 13.5bn of assets by 2020, signalling a move away from selling off buildings and land, a new report reveals.
Local authorities should use their 170bn of land and property assets as an income stream to offset spending cuts and fund transformation rather than make a quick sale, housing and planning minister Brandon Lewis urged today.
Councils across England will redevelop 13.5bn worth of land and assets over the next five years as part of local plans to turn underused land into a source of revenue, an examination by Localis has found.
Councils are turning to property development to help balance their books in the face of funding cuts, but risk being short-changed by developers, according to a report.
Public assets worth 13.5bn are set to be redeveloped in the next five years, according to think tank Localis.
Councils in England plan to redevelop 13.5bn of their assets over the next five years which should help to create more housing, a thinktank report has found.