Headline Figures: RHN GLA Freedom of Information Request
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Total sale price for GLA: £345m (April 2012 to December 2014)
Only 17% of housing units are ‘affordable’ which can mean up to 80% of market rate
Information only from 2012 – 2014; RHN emailed for numbers at least from start of
Johnson tenure
Our Ref: MGLA120215-9082
14 April 2015
Freedom of Information Act request
Thank you for your request for information which the GLA received on 12th February
2015. Your request has been dealt with under the Freedom of Information Act 2000
and we can today provide you with a response to your request.
Note that the data given relates to land that has been released by the GLA for
development through a Development Agreement or Land Sale contract between April
2012 and December 2014.
You asked for the release of the following information:
1. Sale price of the land from the GLA to the developer;
The total sale price of land for sites that have been released by the GLA for
development through a Development agreement or Land sale contract between April
2012 and December 2014 is £345m. This figure includes some sites that are not yet
‘technically sold’ as some development agreements are conditional on matters such
as securing planning. The breakdown by sites cannot be given due to commercial
confidentiality.
2. Partners involved in different aspects of the development;
See table 1 below.
3. The number of housing units to be sold at full market price, the numbers of
units for shared ownership, the number of ‘affordable’ rents and the number of
social rents.
See table 1 below. Of the total 7,234 units, 1,241 are Affordable, which includes
shared ownership, affordable rent and social rent, 2,083 are Open Market and 3,910
are not yet determined and could change as they have yet to receive planning
approval.
Table 1: Lists of sites involving residential use and are under a development
agreement or sale contract signed under the GLA Land and Property (GLAP)
between April 2012 and December 2014.
4. We would like details of total income received so far from GLA land and
property sales and projected income from total projected land sales as well as
a timeline for this projection.
From April 2012 to End of February 15 GLAP have a total income receivable amount
of £137m. This amount relates to the total income for all GLA Land and Property site
disposals including residential, commercial and other uses which may not be listed in
Table 1. GLAP are forecasting income receivable of £73m over the next two years;
however this is subject to change given the uncertainty of forecasting income. Note
that this amount differs to the total sale price of land of £345m, as specified in the
answer to question 1, because in some cases the receipts are not due yet as some
contracts are conditional, e.g. on securing planning, and in some cases the receipts
are deferred.
5. We would like to know what the income accrued from land sales so far has
been allocated to, and what the projected income from land sales will be
allocated to in the budget.
The income from property sales is used, in the short-term, to meet a number of the
GLA’s policy commitments and obligations including supporting housing and
regeneration activities and lending to the London Legacy Development Corporation
to accelerate development of the Queen Elizabeth Olympic Park. With a Mayoral
election in May 2016, longer-term priorities will be determined by the new Mayor.
If you have any further questions relating to this matter, please contact me, quoting
the reference at the top of this letter.
Yours sincerely
Kit-Ling Chan
If you are unhappy with the way the GLA has handled your request, you may
complain using the GLA’s FOI complaints and internal review procedure, available at:
http://www.london.gov.uk/mayor-assembly/gla/governing-organisation/freedominformation.