| |
|
SALE ORDERS
Businesses which block a £200m plan to redevelop Derby's
Eagle Centre could be forced to sell to the city council.
The council is considering ordering the sale of all the
land needed for the work to go ahead. Without the council
using this power, Westfield Shoppingtowns, joint owner of
the Eagle Centre with MEPC, would have to reach agreement
with 274 landowners, leaseholders and others with rights
to use the land. Councillor Amar Nath, deputy leader of
Derby City Council, said, "This is a quicker,
cleaner, more efficient way of getting the development
off the ground as soon as possible."
Westfield's development executive Neil Huntington said,
"We are ready to invest £200m in this project,
which will create 2,800 retail jobs and another 1,700
construction jobs. None of the landlords we are in talks
with have refused to sell so far, but we need this order
to provide certainty for the development." The
council cabinet is expected to vote to make a compulsory
purchase order (CPO) on behalf of Westfield. If this
happens, businesses will be forced to sell to the council
at a price to be decided by an independent valuation
expert.
It would be the first time in at least 10 years that the
council has used such powers. Westfield's plans were
approved by the council in July. The scheme will see the
creation of a department store, an 800-seat food court,
more than 150 shops and restaurants and a 2,300-space
multi-storey car park. This will mean the demolition of
the Coliseum shopping centre and Castlefields Main
Centre, with the loss of about 35 outlets and two office
blocks. Westfield is trying to find alternative premises
for all affected businesses and has bought the Victoria
Chambers building in London Road for this purpose. It is
offering financial compensation where relocation is not
possible.
So far, the firm has reached agreement with only one out
of six firms and 34 out of 65 leaseholders. The biggest
potential stumbling blocks are five premises not yet
owned by Westfield, which the developer is in
negotiations to buy. These are: Hopewell, the furnishers,
and The Baroque public house in London Road; The Shoe
Factory Shop in Traffic Street; Bourne Street car park;
and the Home Alone furniture store in Osmaston Road.
Westfield must also reach agreement with a further 200
firms and individuals with rights of access or delivery.
|