Office charges could reap £200m
Series: Estates Gazette ; (0225) 22 June 2002, 46(1)Publication details: 2002Subject(s): Summary: Research, "Residential development in London", undertaken by London Residential Research calculates that the GLA could raise up to £200m from office construction to pay for social housing. This is an estimate of the commuted charges at a suggested rate of £50 per sq ft that could be made from the 10m-12m sq ft of new offices built every year. This 'gain to stock' would come through a tax on the additional 8m sq ft of space created by office redevelopments.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3823-17 (Browse shelf(Opens below)) | 1 | Available | 118544-1001 |
Research, "Residential development in London", undertaken by London Residential Research calculates that the GLA could raise up to £200m from office construction to pay for social housing. This is an estimate of the commuted charges at a suggested rate of £50 per sq ft that could be made from the 10m-12m sq ft of new offices built every year. This 'gain to stock' would come through a tax on the additional 8m sq ft of space created by office redevelopments.