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Decision details

Disposal of the Temple Square site

Decision Maker: Executive Director: Growth and Regeneration

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

As part of the MTFP, the Council is required to secure capital receipts of £71m over 5 years.
The Temple Square site is a key regeneration site and a valuable asset that can make a significant contribution to achieving that target and meet the Council’s corporate objectives and commitments. A key requirement of the sale was completion by the end of March 2024.
The site is located within the Temple Quarter regeneration area and sale to Homes England will support the wider development and regeneration proposals for the area and ensures that the site is retained by a public sector partner who is committed to the comprehensive redevelopment of Temple Quarter in line with the Joint Delivery Vehicle Partner ambitions. The site will be included in the future procurement of a development partner for Temple Quarter.

Decision:

Approve the sale of the Temple Square site to Homes England.
3.

Alternative options considered:

Option 1 - Not to sell the site but this would not secure the capital receipt required to significantly contribute towards the Council’s capital receipt target and meeting the Council’s Corporate objectives and commitments.

Publication date: 10/05/2024

Date of decision: 21/03/2024