A decision was taken by the cabinet member contracts and assets on 8 May 2018to dispose of land adjacent to Hereford railway station by way of a 125 year lease to Prime (UK) Developments Ltd to facilitate the development of a new healthcare centre.

The disposal was conditional upon, amongst other matters, the development being completed within three years of the disposal date. The purchaser, Prime (UK) Developments Ltd, has requested that this period is amended to five years from the disposal date in order to comply with the conditions of their insurance and funding agreement. All other conditions remain unchanged.

That:

the condition attached to the council’s approved disposal by way of 125 year lease of development land adjacent to Hereford railway station to Prime (UK) Developments Ltd or a company within the Prime plc group of companies, namely that the development be completed within three years of the lease being completed, be amended to development being completed within five years of the lease being completed.

1.            The condition is not amended as requested. This is not recommended because Prime (UK) Ltd would be in breach of their insurer’s requirements which would jeopardise their funding and as a consequence the entire project.