Decision details

Stockport Exchange – 62 Wellington Road South

Decision Maker: Corporate Director (Place) and Deputy Chief Executive, Deputy Chief Executive

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

The report relates to the proposed compulsory acquisition of those land interests along the Wellington Road South frontage, required to facilitate the delivery of the later phases of the ‘Stockport Exchange’ development scheme.

With the 1,000 space MSCP (Phase 1) completed and Muse Developments on site as the Council’s preferred development partner constructing the first office and hotel buildings (Phase 2), this report looks forward to future phases of office development progressing down to the Wellington Road South frontage.

Negotiations for the relevant acquisitions on Wellington Road South are taking place, but so far have been unsuccessful and the report seeks authorisation to exercise the Council’s powers of compulsory purchase to acquire outstanding interests, in order to deliver the Masterplan and comprehensive treatment of Stockport Exchange.


Decision:

The Deputy Chief Executive and the Corporate Director for Place Management & Regeneration have approved the surrender of the occupational leasehold interest of 62 Wellington Road South.

Alternative options considered:

None

Reason Key: Disposal or aquisition of land >£500,000;

Wards Affected: Brinnington & Central;

Equality and/or Environmental Impact Assessment: n/a

Decision Reference: ODDCE33

Declarations or conflicts of Interest: None

Forward Plan Reference: SG20/ TE11

Other reasons / organisations consulted

Scrutiny/Exec

Contact: Nicola Turner, Services to Place Directorate Email: nicola.turner@stockport.gov.uk Tel: 0161-218-1635 George Perrin, Services to Place Email: george.perrin@stockport.gov.uk Tel: 0161-474-4510.

Publication date: 17/03/2017

Date of decision: 24/02/2017

Accompanying Documents: