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Camden hunts for town hall developer
To ensure that local residents do not contribute towards a repairs bill of around £15m for the Camden Town Hall Annexe site, Camden Council is seeking developer interest in the purchasing of the building.
The town hall requires repairs to lifts, electrical, heating and drainage systems, which have all reached the end of their useful lives. It also has high running costs and a larger carbon footprint than more modern office buildings.
Marketing the Annexe site to potential developers allows Camden Council to establish its value and review options for future office accommodation and customer services provision.
Councillor Keith Moffitt, leader at Camden Council, said: “This is an exciting opportunity to deliver our goals of better access to services for residents and more efficient and environmentally friendly workplaces for our staff. We are also acting now to ensure that Camden residents don’t end up footing the bill for expensive repairs to council offices especially important in these economically challenging times.”
According to the council, any deal that goes through will include a profit-sharing clause so that if the value of the site goes up in the future the council will share the benefit. At the same time the council will explore options for buying new office accommodation in the King’s Cross area taking advantage of current cheaper property prices.
Further, any new development should deliver high quality sustainable architecture, making the most of the central London location and contribute positively to the local community and local environment.
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