Salford due to sign off land deal for 88 affordable homes
ForLiving will be granted a 250-year lease on Pendleton House to bring forward a 100% social rent scheme.
Plans for the 88-home development were approved in October. In order to bring the scheme forward, Salford City Council needs to agree a new long-term lease with ForLiving and end forfeiture proceedings against the site’s current owner.
Salford City Council sold Pendleton House, a former coroners court, to Pendleton House Limited in 2016.
The SPV, run by directors of Northern Irish developer Lagan, agreed when it acquired the site to redevelop it by 2019.
At the time of the acquisition, plans for the conversion of the building and redevelopment of surrounding land into 71 homes were in the works.
However, the project did not come forward and Salford initiated forfeiture proceedings against the SPV for breaching the terms of the lease to force it to deliver the project or sell the site.
The SPV subsequently entered into negotiations with ForLiving, which will bring the updated development forward.
Commercial terms have now been provisionally agreed between the parties and are due to be signed off at a meeting of Salford City Council’s property and regeneration committee on Monday 25 November.
The new build element of this scheme is seriously poor. Salford will not be elevated in 10/20 years time with schemes like this.
By Heritage Action
How would you design it then, “Heritage Action”? How exactly is it “poor”?
By Anonymous