HCA publishes list of sites for sale
Wed 9th May 2012, 8:08 pm
The Homes and Communities Agency (HCA) has published a list of sites which it plans to release for development over the next year.
The refreshed Land Development and Disposal Plan sets out how the agency will use land to accelerate economic activity.
It said it expects to contribute up to 16,226 homes to the government’s plans to build more than 100,000 homes on surplus public land by 2015.
Richard Hill, deputy chief executive of the HCA, said: "Land is key to promoting economic growth and supporting the delivery of new homes, and this plan sets out how we will bring forward opportunities for new homes, employment and community facilities at sites across the country."
The HCA said it will seek market value for its landholdings, given the agreed mix of uses, including where local authorities seek to acquire assets.
Most sites considered to be of national strategic significance will be sold by way of a building lease, meaning the freehold will only transfer to the purchaser once development is complete.
The majority of receipts will go to the Department for Communities and Local Government (DCLG), and ministers will to decide how to allocate them against the government’s housing and regeneration priorities.
As at March 2011, the HCA held 7,438 ha of land. In 2011/12, economic assets (2,150 ha) and coalfield sites (1,000 ha) transferred to the HCA from the regional development agencies, which were abolished by the coalition government.
On 1 April, 2012, the HCA’s landholdings in London transferred to the Greater London Authority (GLA).
- The GLA is preparing details of public sector-owned development opportunities across the city for inclusion in the Sitematch London initiative (www.sitematchlondon.com).