The Olympic Legacy, potential to add more development pressure on Castle Point’s Green Belt!

With the need to build housing, especially social housing, and pressure on Castle Point’s Green Belt, it is interesting to learn of a proposed development in East London that has permission to provide no social housing whatsoever.
It is well known that there is a lack of housing provision for low paid service providers and key workers in the Capital, forcing Londoners into the suburbs. On the Newham Olympic site a major housing block will effectively send housing prices spiralling, adding pressure on Boroughs such as Castle Point to effectively consider developing it’s Green Belt so that an apartment block can be promoted for sale to rich Saudi Arabians.
Castle Point, in particular Thorney Bay, has been indicated as needing to compensate for inward migration, further pressure that will distract from what is actual local need.
It is reported that the Newham development has made a £1,000,000 contribution to the social housing fund.
This appears generous but considered against Green Belt proposals within Castle Point with 35% of social housing being developed, may appear less so.
The Newham development indicates two bedroom apartments from £320,000, multiply this by the 191 proposed properties there is a probability of well over £61,000,000 being realised.
The social housing preferred 35% allocation of £61,000,000 would equate to £21,392,000 worth of property.
Too simplistic I grant you, but it indicates the pressures Castle Point developers are under with finances, plus how outside sources are unfairly pressurising the Local Authority into setting a housing requirement projection far above local needs.
A firm stand will be expected from Castle Point Councillors when they finally decide on the annual housing requirement within the Local Plan.

Newham Recorder
September 25, 2013

Firm defends ‘no social housing’ advert for exclusive new Stratford flats

A luxury housing developer has hit back at reports it didn’t want the “hoi polloi” to live at its exclusive new development close to the Olympic Park.

To send a link to this page to a friend, you must be logged in.
A luxury housing developer has hit back at reports it didn’t want the “hoi polloi” to live at its exclusive new development close to the Olympic Park.
Galliard Homes said overseas advertising for the Capital Towers development in Stratford – which identified the 191-apartment building as “fully private” with “no social housing” – was “simply stating fact” and no different to that used in the UK.
A spokesman said overseas customers regularly asked whether all units on a site are for private sale and added that almost £1million had been paid to ensure social housing was built elsewhere in Newham as part of planning permission.
The response came as London Assembly member Darren Johnson claimed the developer was advertising to millionaires abroad with the promise “they’ll never have to rub shoulders with the hoi polloi”.
“As part of the planning for the development, the local authority decided that social housing was not required on the site, and that instead a payment could be made to the local authority in lieu of social housing provision,” said Galliard.
Newham Council said the decision to grant planning permission was delegated to them by the Olympic Delivery Authority, who issued the final permission, and also went through the Mayor of London referral process.
“Our view was that the development approved — of one and two bed flats in two very high density tall buildings next to the busy A12 and the Stratford High Street flyover — was not appropriate for social housing.
“Instead, it would be better to secure a financial contribution to allow the council to deliver off site affordable housing, particularly family housing,” said a spokesman.
“We are committed to helping ensure our residents get the best housing.”
A spokesperson for the GLA said: “We saw no reason to overturn Newham’s decision to support this proposal.”
They added: “The mayor is firmly committed to maximising affordable housing delivery and is investing hundreds of millions, with housing associations and London Boroughs, to provide homes for lower income working Londoners.
Two-bedroom homes at the site are expected to go on the market at about £320,000. Freddy Mayhew

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s