Written question asked by Tim Loughton (Conservative) on Tuesday, 11 January 2005, in the House of Commons. It was due for an answer on Monday, 17 January 2005. It was answered by Keith Hill (Labour) on Monday, 17 January 2005 on behalf of the Office of the Deputy Prime Minister.

Office of the Deputy Prime Minister

Question: To ask the Deputy Prime Minister, what arrangements are in place for a profit share between the South East England Development Agency and the developers Berkeley Group for the disposal proceeds of properties on the Ropetackle site in Shoreham-by-Sea, West Sussex. - Inc figure.

Answer: Tim Loughton: To ask the Deputy Prime Minister what arrangements are in place for a profit share between the South East England Development Agency and the developers Berkeley Group for the disposal proceeds of properties on the Ropetackle site in Shoreham-by-Sea, West Sussex. [208666] Keith Hill: The transaction with Berkeley Homes is on the basis of a 50:50 split of all land value coverage above a Guaranteed Minimum Land Value calculated on completion of the development.

Secondary information

Type: Written question
Reference: 208666; 429 c765W;429 c770W
Session: 2004-05
Subjects: Property Property development Profits Sales Berkeley Group South East England Development Agency Shoreham
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk