The UK’s Lafarge Tarmac has announced that it has entered into a Binding Option Agreement with London Resort Company Holdings (LRCH) for the sale of land that once comprised the Swanscombe cement plant. The facility, which was once the largest cement plant in the UK, was closed down in 1993.
The land to be sold – Swanscombe Peninsula – covers 388 acres and is due to form part of the proposed London Paramount Entertainment Resort in north Kent. This £2 billion project was deemed ‘Nationally Significant’ by the Secretary of State for communities and Local Government in May 2014. Consultations have been held with more than 4000 members of the local community and two further stages of consultation are scheduled to take place before a draft Development Consent Order is submitted to the Planning Inspectorate in autumn 2015.
“We take a long-term view of our landholdings from mineral extraction to development and restoration; creating jobs, supporting communities and continuing responsible environmental stewardship,” said Cyrille Ragoucy, Chief Executive Officer at Lafarge Tarmac. “We are proud to be part of this exciting project. This is a fitting legacy for land which has been owned by Lafarge Tarmac for over 140 years.”
David Testa, Executive Director of LRCH, added: “With this agreement in place, the vision for north Kent as the home of a nationally significant, multi-billion pound entertainment resort employing thousands of people is moving closer to becoming a reality. It further underlies our commitment to delivering the project and is welcome news as we continue to consultant and engagement with the local Dartford and Gravesham communities living near the site and more widely with our interested parties.”
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/europe-cis/13012015/lafarge-tarmac-to-sell-land-to-london-resort-company-holdings-130/