City Council set to end deal with Silver Hill developer
Press Release: 29/01/2016
The City Council decided at its meeting last night (Thursday 28 January) to end its deal with TH Real Estate to redevelop the Silver Hill area of Winchester.
‘Notice to terminate’ the £150m scheme is likely to be issued immediately after the Council’s next Cabinet meeting on 10 February.
Cllr Stephen Godfrey, the Leader of the City Council, said:
I am disappointed that TH Real Estate appears unable to go unconditional with the scheme, although they do still have a few more days.
Our decision at Council was the sensible one: it is time to draw a line under this scheme, pause for breath and consider afresh how best to regenerate this important site.
TH Real Estate remain significant land holders at Silver Hill and the City Council hopes to work with them in seeking a way forward.”
A report on the next steps will be taken to Winchester City Council’s Cabinet on 29 March.
The City Council will need to look afresh at how to achieve a business case for relocation of the surgery on the Silver Hill site that meets everyone’s wishes.
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