SOS met with L&Q yesterday, the meeting apparently went well, more details to follow as the team are working on preparing for the next stage of negociations.
In the meantime L&Q have issued the following press release:
Statement re. Meeting with SOS consortium
A spokesperson for the consortium involving London & Quadrant Housing Trust (L&Q), yoo Capital and KW Linfoot Plc which has acquired the Walthamstow Greyhound Stadium site said:
L&Q acting on behalf of the above consortium met with the SOS consortium on the 17th September.
This was not, as has been reported, a meeting to negotiate the sale of the land. No deal has been agreed between us and the SOS consortium. Instead this meeting was an opportunity for the SOS consortium to actually introduce themselves, for them to present a more detailed business proposal and to provide evidence that funds are available for any proposed purchase. The proposal received on the 23rd July was far too brief to be considered.
Following this meeting we are now able to look at their proposal and give it our full consideration. Once a decision has been made we will contact the SOS consortium directly. As this is a private business matter until a decision has been reached we have no further comment with regards to the proposal.
L&Q Communications team: 020 8557 2126 / email@example.com
Notes to Editors
L&Q is a not-for-profit housing association committed to providing high quality, affordable homes.
L&Q manages more than 57,000 homes across London and the South-East, and builds around 1,100 new homes each year.
L&Q is overseen by a voluntary governing board, is an exempt charity and does not have shareholders.
L&Q generates income from a mix of rents, Housing Corporation grants and private finance.
For more information about L&Q please visit the website: http://www.lqgroup.org.uk
yoo Capital, a sister company of property branding and design company, yoo, is involved in investing residential and mixed use development projects with a value of $2 billion and over 3,000 units. In addition to providing financial backing, yoo Capital is a premium brand that adds value and increases investment returns for its partners.
We typically invest between 10% and 50% of the project equity required, dependent upon the needs of the development partner, and the scale of the development.
Over the past nine years yoo has been working across the world with international partners on a variety of landmark buildings and large residential projects throughout Asia, Australia, Europe, North and South America and the Middle East. Currently yoo is involved in the development of more than 25,000 apartments valuing over $10 billion.
For more information about yoo please visit the website: http://www.yoo.com
About KW Linfoot
Based in Leeds, K W Linfoot Plc is recognised as market leader in the development and design of city centre apartments. In recent years, K W Linfoot Plc has become one of the pioneers of the growth of city living throughout the north of England, in Yorkshire, particularly in Leeds, Manchester and York, and has been at the forefront of the transformation and regeneration of the riversides and city centres in both locations:
For more information about KW Linfoot please visit the website http://www.kwlinfoot.co.uk