Roger Hannah has been appointed to provide valuation and compulsory purchase advice to a business which has premises situated in the heart of the proposed Rainham and Beam Park development.
The London Borough of Havering Council’s £40million Housing Zone Bid to transform the A1306 New Road, historically an industrial area, into a new residential area was approved by the Mayor of London, Boris Johnson, in June 2015.
An illustrative masterplan area has been produced which covers an area of 144 hectares and encompasses the historic heart of Rainham and extends westwards to include land along the New Road corridor including Beam Park. The masterplan shows how the area could develop over the next 15 to 20 years. Its purpose is to test how much development can be accommodated in the area and how to respond to specific site constraints and opportunities to ensure that the recommendations made in the Planning Framework are grounded in reality. The illustrative masterplan indicates that the development of the area can deliver the following:
- 3,400 new homes, of which 1,000 are townhouses for families.
- 2,000 sqm of new retail floor space and 2,400 sqm of other ground floor uses such as small offices, community and health facilities in the new Beam Park Centre.
- A new two-form Primary School.
Other than the illustrative masterplan, no further information is available and the Council have yet to appoint a preferred developer.
Whilst it is still early days, it is important for affected parties to obtain professional advice to ensure awareness of compensation rights and responsibilities to mitigate. Roger Hannahcan guide you through this complex process and undertake negotiations on your behalf to minimise the stress which such a project can cause to businesses and property owners. For further information and advice please contact our Team.