Purpose

On 16th January 2023, Cabinet approved proposals for the voluntary buyback of leasehold properties in three blocks affected by the High Speed 2 Ltd (HS2) works. Cartmel, Coniston and Langdale. Cabinet Report (SC/2023/08). 

This report seeks approval of the Executive Director Investment, Place and Opportunity to purchase the acquisition of Flat 54 Langdale, Stanhope Street, London NW1 3RA as part of the Camden Council and High Speed 2 Ltd (HS2) Project in the Voluntary Rehousing Programme for Coniston, Cartmel & Langdale on the Regents Park Estate.

This report is presented to the Executive Director Investment, Place and Opportunity for approval under delegated authority from Cabinet. Authority was originally delegated to the Executive Director Supporting Communities, in consultation with the Cabinet Member for New Homes, Jobs and Community Investment, to take all decisions reasonably required to implement the Settlement and Indemnity Agreement with HS2 Ltd. The Executive Director Supporting Communities post has been decommissioned, and the relevant responsibilities now sit with the Executive Director Investment, Place and Opportunity.

Decision

THAT the Executive Director Investment Place and Opportunity, following consultation with the Cabinet Member for New Homes and Community 

Investment, agrees the acquisition of Flat 54 Langdale, Stanhope Street, London NW1 3RA (as set out on the terms of this report and on the acquisition/surrender price in the part II appendix).