Regis Road Regeneration

Description

The Council has agreed a conditional land sale agreement whereby it intends to sell leasehold interests in two Council-owned sites to YC CFQ Limited (“the buyer”): (1) The land and buildings comprising the Council’s Holmes Road Depot and Flats 1- 21 and Flats 1 – 4 situated on the north-west side of Holmes Road at the junction with Spring Place and 76 and 78 Holmes Road respectively, Kentish Town in the London Borough of Camden and held under registered title NGL32828 (2) The land comprising the Council’s Regis Road Reuse and Recycling Centre and Car Pound situated at Regis Road, Kentish Town in the London Borough of Camden and held under registered title NGL517100 (“the sites”). The Council’s aspiration is that the sites will be used by the buyer for the purposes of a comprehensive redevelopment of the Regis Road Growth area, to include film and television studios, post production and creative office space, as well as significant residential development and education and exhibition space. The sale of leasehold interests in the site will be conditional, inter alia, upon planning permission being obtained by the buyer which allows for such redevelopment, and which also allows for the re-provision of Council offices, facilities and Council-owned homes which are currently located on the sites. Lot 1: The Council has negotiated the sale of leasehold interests in the sites with YC CFQ Ltd. Contracts were exchanged on 05 April 2023.