Regeneration Project Survives Public Procurement Challenge

Regeneration Project Survives Public Procurement Challenge In a case which raised important issues in relation to public procurement, the High Court has refused to strike down a development agreement entered into by a local authority with the objective of comprehensively regenerating a run-down industrial estate. The council owned the freehold of most of the estate, in which there had been little new investment in the past 40 years. It entered into the agreement with a developer with a view to mixed-use regeneration of the area and increasing its ground rent receipts. A company which held long leases over parts of the estate, and had its own development plans for the…