MD1660 Silvertown Way Deed of Variation

Type of decision: 
Mayoral decision
Code: 
MD1660
Date signed: 
29 April 2016
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

GLA Land & Property Ltd’s (“GLAP”) land at Silvertown Way is currently under a development agreement with Galliford Try Partnerships Limited & Linden Limited (“GT”). 
This agreement was entered in June 2015 and will facilitate the residential-led redevelopment of this strategic site.
A small number of variations to the development agreement are required to enable the scheme to progress and achieve planning permission.
 

Decision

The Mayor approves GLA and & Property Ltd entering into the deed of variation on the terms set out within this paper

Part 1: Non-confidential facts and advice

Introduction and background

1.1    GLA Land & Property Ltd’s (“GLAP’s”) land at Silvertown Way is currently under a Development Agreement with Galliford Try Partnerships Limited & Linden Limited (“GT”).

1.2    The agreement was entered in June 2015 and allows GT to drawn down the site for residential-led development subject to achieving planning permission (the Development Agreement).

1.3    A small number of amendments to the Development Agreement are required to enable the scheme to progress and achieve planning permission.

1.4    Further details are contained in the reserved part 2 of this report.
 

Objectives and expected outcomes

N/A

Equality comments

3.1    It is not anticipated that the recommended amendments to the Development Agreement will have a negative impact on any groups identified under the Equality Act 2010.

Other considerations

4.1       Further details are contained in part 2 of this report.

Financial comments

5.1    Further details are contained in part 2 of this report.

Investment and Performance Board

7.1    The proposed changes were endorsed by IPB on 19 April 2016.

Planned delivery approach and next steps

Activity

Timeline

Mayoral Approval

April 2016

Enter Deed of Variation

May 2016

Planning application submitted

Autumn 2016