A municipal authority has verified its acquisition of an aging retail complex along with its adjacent land, designated for the construction of over 1,000 residential units. Mike Stonard, the Labour leader of Norwich City Council, characterized the acquisition of Anglia Square as “an early Christmas present for the people of Norwich” and expressed his anticipation for demolition activities to commence by the upcoming spring. Earlier this year, the council had declared its intention to acquire the site following the failure of a private developer’s £300 million regeneration proposal. Mr. Stonard stated that governmental funding had been secured for the purchase of the property, which encompasses office structures and a multi-level parking facility, and had been listed for sale at £8.5 million. He indicated that he was unable to disclose the exact sum paid, but confirmed that the entirety of the funds originated from Homes England, the housing and regeneration agency. “What I can say is that we got a very, very good deal and the government has covered all of the cost of that deal,” he stated. Stonard further mentioned that, given existing planning approval for approximately 1,100 residences, along with retail and recreational areas, the council is currently seeking a development partner. These proposals had generated debate, as only 10% of the housing units were allocated as affordable, contrasting with the council’s established policy recommending 33% for such developments. Stonard affirmed that the authority now targets a minimum of 25% affordable housing, suggesting it “could even double” that proportion. Jamie Osborn, a Green councillor representing the Mancroft ward, which encompasses Anglia Square, indicated that his party had advocated for the council’s acquisition of the site for an extended period, and he expressed approval of the announcement. “What we really need now is to hold the council to account on making sure there’s truly affordable and sufficient housing – the kind Norwich really needs,” he stated. He additionally sought guarantees regarding the future of enterprises operating within the center and remarked that “the council needs to keep people in the loop”. Stonard confirmed that the council is engaged in discussions with the traders and that they would receive alternative premises in the vicinity, potentially involving a temporary setup, described as “something akin to a box park”. “We will look after them and we’ve made that commitment,” he further commented. Post navigation Former Birmingham Social Club Site to Be Auctioned, Bidding Starts at £1.22 Million Disused Shoe Factory Slated for Apartment Conversion