Skip to main content

Armed Forces: Housing

Volume 458: debated on Wednesday 14 March 2007

To ask the Secretary of State for Defence whether the profit-sharing scheme between HM Treasury and Annington Homes for sales of former Ministry of Defence housing and land includes provisions to take account of increases in the value of land due to (a) planning zone changes and (b) private development. (121133)

The Profit Share Agreement with Annington Homes Ltd (AHL) does not define “planning zone changes”. However, the position is that even if AHL has not disposed of land by 2011, should planning permission has been granted on land, it will be assumed to have been sold and the market value will be established on that basis at the time.

There are no provisions relating specifically to private development, but any increase in the value of the land (for whatever reason) will be directly passed to the Ministry of Defence.