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Council to investigate 2012 sale of housing estates to developer

The London Borough of Hammersmith & Fulham last month passed a special motion backing a “full investigation” into a deal six years ago to sell to housing estates to a developer.

The sale of the West Kensington & Gibbs Green estates to Capital and Counties Properties PLC (Capco) was agreed at a meeting of the council’s Cabinet on 3 September 2012.

At a meeting on 18 July 2018 the full council at Hammersmith & Fulham passed the following motion:

“The Council notes the deal to sell the West Kensington & Gibbs Green estates to Capital and Counties Properties PLC (Capco) which was agreed at Cabinet on the 3rd of September 2012.

“The Council notes that at that time, other comparative land sales were significantly higher in the borough and that many of the terms of the deal were bad value for the residents of the borough.

“The Council therefore supports the full investigation into the advice received and the actions taken by those involved which led to this situation.”

The motion was passed by 32 votes to 10 with one member not voting.

A spokesperson for CapCo said: “The London Borough of Hammersmith and Fulham have expressed interest in pursuing alternative options for the estates. Capco continues to engage with LBHF and other stakeholders in relation to future plans for the estates. In the meantime, the Conditional Land Sale Agreement, a binding agreement entered into with LBHF in relation to the estates in 2013, remains in place.”

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