ADD273 East Wick and Sweetwater Development Agreement

Type of decision: 
Assistant Director's decision
Code: 
ADD273
Date signed: 
07 April 2015
Decision by: 
Tom Middleton, Head of Governance and Resilience

Executive summary

The London Legacy Development Corporation (“Legacy Corporation” or “LLDC”) seeks prior Mayoral consent to the decision of the LLDC Board at its meeting on 18 November 2014 to endorse the consortium of Places for People and Balfour Beatty as Preferred Bidder with whom the Legacy Corporation will enter into a Development Agreement for an interest in the East Wick (PDZ5) and Sweetwater (PDZ4) sites to deliver the 2nd phase of new neighbourhoods on Queen Elizabeth Olympic Park (QEOP).

Approval is required under Paragraph 4.5 of the LLDC Governance Direction 2013 (approved by MD1227), because this is a ‘land transaction’ as defined by clause 2 of the National Lottery Funding Repayment Agreement (NLFRA).

The Decision is taken by the Head of Governance and Resilience in the GLA’s Corporate Management Directorate, under delegated authority from the Mayor, as approved by MD1276.

Part 1: Non-confidential facts and advice