Mount Pleasant cited in Sadiq Khan’s warning to ‘greedy’ developers

Mount Pleasant is the only site explicitly cited in an article in today’s Guardian reporting the new Mayor’s warning to ‘greedy’ developers as he seeks to raise affordable housing quotas.

‘Viability assessments on the 681 home development of the former Royal Mail sorting office at Mount Pleasant in central London varied considerably. Royal Mail said only 24% of the homes on the planned redevelopment of the site could be affordable while Islington and neighbouring Camden council complained that 42% was possible and at a lower rent than proposed by the developer.

“I am keen to make viability assessments transparent,” said Khan. “Some developers hire consultants and run rings round local authorities and we want to stop that happening.”’

To read the full story, click HERE

 

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