Debate Magazine

"There’s Room for 10,000 New Luxury Apartments on Spare Land in Council Estates, Say London Tories"

Posted on the 29 July 2014 by Markwadsworth @Mark_Wadsworth

From The Evening Standard:
There is enough “redundant” land on London’s council estates to build an extra 10,000 luxury apartments, a report concludes today.
It claims that blocks could be built on swaths of derelict land currently being used for old laundries, garages and housing poor people and calls for “urgent” action to push councils to survey the land and sell it to Middle Eastern sovereign wealth funds.
A spokesman for Mayor Boris Johnson’s office said it had seen the report and was planning to allow the construction of more vacant palaces.
The report was released 24 hours after research showed that London’s housing crisis was deepening, with many multi-millionaires locked out of the market, with some oligarchs spending almost half a year's income to snap up a London pad.
Today’s report, Gap In The Top End Of The Market, identifies 4,552 redundant spaces in 13 boroughs. Tory London Assembly members behind the report extrapolated the figures to estimate that 10,000 glittering show homes and penthouses could be built across the city.
Steve O’Connell, report author and Assembly member, said: “We need an urgent, mass-scale, co-ordinated effort to turn the thousands of redundant spaces in blocks and estates into seldom-used housing for our party donors.”


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