Vale of White Horse District Council has completed the £12.4 million sale of land to Botley Development Company who are set to revitalise the shopping centre and adjacent land at West Way.
The district council has been working to secure the redevelopment for some time to enhance and breathe new life into the whole shopping area for Botley residents.
Since the original agreements to sell in 2012, the developer has adapted and changed its plans after extensive consultation with the local community. The updated plans were granted planning permission in 2016.
The district council and other site land owners agreed a new price to help Botley Development Company proceed with the purchase and to make the changes to their plans that were necessary to meet the needs of the community. The council took a reduction of approximately £1.4 million and agreed to sell the land for just over £12.4 million.
Matthew Barber, Leader of the Vale of White Horse District Council, said, “I’m sure residents of Botley are, like me, delighted to have reached this vital stage. It’s been a long road to get to this point, but now we can look forward to a brand new, exciting West Way that will serve Botley and residents in the Vale for years to come.”
Botley Development Company hopes to start preliminary work on the site as soon as possible.
Note to editors
The council has received a total of £12,436,570.53 capital for the sale of land at West Way.
The agreed reduction to the land sale was £1,413,246.65.