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 |
Units | Date | Merlion Bid
| RSL Bid | Comments
|
London | 54 |
| £6,870,000 | £8,500,000
| RSL at Higher offer |
| Hornchurch | 11 |
| £1,200,000 | £1,500,000
| RSL at Higher offer |
| London | 7 | |
£1,250,000 | £1,400,000
| RSL at Higher offer |
| Guildford | 10 |
| £1,220,000 | £1,400,000
| RSL at Higher offer |
| Fleet | 9 | |
£1,060,000 | £1,300,000
| RSL at Higher offer |
| Boscombe | 10 |
| £1,100,000 | £1,300,000
| RSL at Higher offer |
| Waltham Cross | 10 | 14/02/2005
| £1,200,000 | £1,400,000
| RSL at higher figure.
May be grant funded.
|
| Farnham | 11 | 20/04/2005
| £1,580,000 | £2,000,000
| |
| Letchworth | 15 | 20/04/2005
| £1,550,000 | £1,600,000
| |
| Cheltenham | 5 | 19/03/2005
| £486,000 | £650,000
| |
Wandsworth,
London | 12 |
13/04/2005 | £1,910,000 |
£2,000,000 | Out bid by RSL |
| Bishops Stortford | 40 | 20/05/2005
| £3,295,000 | £4,295,000
| Out bid by RSL + £1m |
| Cobham | 17 | 16/06/2005
| £2,200,000 | Slightly
less than
£2,200,000
| Out Bid by RSL on land value. RSL bid £900k. Merlin bid £700k
|
| Lee | 10 | 16/06/2005
| £1,385,000 | £1,365,000
| Out bid by RSL on land value. RSL bid £900k. Merlion bid £500k
|
| Twickenham | 24 | 16/06/2005
| £2,900,000 | £3,325,000
| Out bid by RSL |
| Redhill | 6 | 28/06/2005
| £670,000 | £700,000
| Out bid by RSL on land value. RSL bid £700k. Merlion bid £670K
|
| Croydon | 69 | 05/07/2005
| £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 Hill | 54 | 07/07/2005
| £6,300,000 | £6,950,000
| Outbid by RSL |
| Romford | 27 | 07/07/2005
| £2,860,000 | £3,100,000
| Out bid by RSL |
| Alresford | 50 | 8/07/2005
| £480,000 | £480,000
| RSL preferred by the LA |
| Dunstable | 37 | 08/07/2005
| £3,950,000 | £5,000,000
| Out bid by RSL |
| Kingswood | 30 | 14/07/2005
| £2,490,000 | £2,730,000
| Out bid by RSL |
| Chelmsford | 8 | 19/07/2005
| £555,000 | £564,000
| Out bid by RSL |
| London | 8 | 26/07/2005
| £1,575,000 | £1,669,000
| Open 106 but backed off as developer had agreed terms.
|
| Northampton | 33 | 26/07/2005
| £3,550,000 | £4,050,000
| Out bid by RSL |
| Chatham | 36 | 01/09/2005
| £3,650,000 | £4,165,000
| Out bid by RSL |
TOTAL | |
| £59,396,000 | £67,623,000
| |
| |
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|
