Red Hall Shadwell: Leeds Council confirms sale of former horticultural nursery for housing - at cut-price
The sale of the council’s former horticultural nursery for housing is set to go ahead at a reduced price.
Redrow Homes is planning to build more than 350 houses on land off Red Hall Lane in Shadwell.
The scheme is part of the wider East Leeds Extension, which will thousands of homes built in the surrounding area.
At the time, a conditional price was agreed, subject to surveys being carried out by the developer.
A council report said economic conditions had changed since a planning application for the site was lodged.
It said: “As a result, the council is requested to agree a reduction to the originally agreed purchase price of the Red Hall site.
“Such a request is quite normal from a purchaser on a conditional sale basis.”
The report said Redrow expected to deliver 356 homes at the site, with 15 per cent classed as affordable under council planning policy.
The sale remained subject to planning permission and other agreements between Redrow and the council.
Payments for the site would be made by the company in four phased instalments.
A “clawback” clause in the sale contract could see the council recover some funds if Redrow made savings on the project.
The report said: “It is, however, unlikely there will be any savings as build costs continue to rise.”
Red Hall Nursery first opened more than 60 years ago and provided flowers for public sites around the city, along with other councils including Portsmouth.
In 2017 it was replaced with the Arium, a modernised facility in Whinmoor, after Red Hall reached its growing capacity.
Part of the site includes grade II-listed Red Hall House, formerly occupied by the Rugby Football League and now a private hospital.