Select Committee on Office of the Deputy Prime Minister: Housing, Planning, Local Government and the Regions Written Evidence


APPENDIX 1

SITES LOST BY MERLION GROUP PLC AS THE RESULT OF OUTBIDDING BY RSLS JANUARY-SEPTEMBER 2005

  The table below lists examples of where we believe subsidized RSLs have successfully outbid Merlion this year to date. In Merlion's small area of the housing market over £8 million pounds of public money has been wasted in this way. This money has gone straight to the landowner with no benefit in terms of outcomes. Merlion or other private sector providers could have delivered the same number of high-quality affordable homes at no cost to the taxpayer.



Site
UnitsDateMerlion Bid RSL BidComments


London
54 £6,870,000£8,500,000 RSL at Higher offer
Hornchurch11 £1,200,000£1,500,000 RSL at Higher offer
London7 £1,250,000£1,400,000 RSL at Higher offer
Guildford10 £1,220,000£1,400,000 RSL at Higher offer
Fleet9 £1,060,000£1,300,000 RSL at Higher offer
Boscombe10 £1,100,000£1,300,000 RSL at Higher offer
Waltham Cross1014/02/2005 £1,200,000£1,400,000 RSL at higher figure.
May be grant funded.
Farnham1120/04/2005 £1,580,000£2,000,000
Letchworth1520/04/2005 £1,550,000£1,600,000
Cheltenham519/03/2005 £486,000£650,000
Wandsworth,
London
12 13/04/2005£1,910,000 £2,000,000Out bid by RSL
Bishops Stortford4020/05/2005 £3,295,000£4,295,000 Out bid by RSL + £1m
Cobham1716/06/2005 £2,200,000Slightly
less than
£2,200,000
Out Bid by RSL on land value. RSL bid £900k. Merlin bid £700k
Lee1016/06/2005 £1,385,000£1,365,000 Out bid by RSL on land value. RSL bid £900k. Merlion bid £500k
Twickenham2416/06/2005 £2,900,000£3,325,000 Out bid by RSL
Redhill628/06/2005 £670,000£700,000 Out bid by RSL on land value. RSL bid £700k. Merlion bid £670K
Croydon6905/07/2005 £3,600,000£4,100,000 Out bid by RSL also offering 40% up front payment.
Henley on
Thames
40 5/07/2005£510,000£510,000 Vendor going with HA at similar figure due to political pressure.
Gants Hill5407/07/2005 £6,300,000£6,950,000 Outbid by RSL
Romford2707/07/2005 £2,860,000£3,100,000 Out bid by RSL
Alresford508/07/2005 £480,000£480,000 RSL preferred by the LA
Dunstable3708/07/2005 £3,950,000£5,000,000 Out bid by RSL
Kingswood3014/07/2005 £2,490,000£2,730,000 Out bid by RSL
Chelmsford819/07/2005 £555,000£564,000 Out bid by RSL
London826/07/2005 £1,575,000£1,669,000 Open 106 but backed off as developer had agreed terms.
Northampton3326/07/2005 £3,550,000£4,050,000 Out bid by RSL
Chatham3601/09/2005 £3,650,000£4,165,000 Out bid by RSL


TOTAL
£59,396,000£67,623,000







 
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