/

PCS sales is off as the developer pulled out

1 min read

Author: Cyril Richert

IMG_20141025_153803

PCS (Public and Commercial Services Union) at Clapham Junction is no longer planning to sell its building immediately. A plan was revealed last November for PCS to ask for a change of use (from office to residential), in order to maximise the value of the site. As expected in our article, PCS was in fact planning to sell to a developer, for them to knock down the building and erect residential towers (most likely, as Wandsworth’s officers are currently considering favourably all towers between 25-30 storeys – even in location when their own planning documents say they are inappropriate).

However, with Crossrail 2 plans coming into shape (including a hub proposed for Clapham Junction station) the potential developer decided to pull out, considering the uncertainty of the current situation. On their website, PCS published an update:

We have previously reported to branches that the NEC had agreed the sale of the Clapham Junction building and that discussions with a major developer were at an advanced stage.

There have been recent developments in the process of consultation over the route of Crossrail 2, a major infrastructure project involving tunnelled rail connections across the capital.

This has introduced additional uncertainty both for the current developer, who planned to knock down the building and rebuild, and for PCS, as it is also clear that the value of the building could increase significantly if the Crossrail 2 project goes ahead.

We do not now intend to proceed immediately with the sale but will take further advice, including advice on realising the potential value of the union’s building in Victoria, which is currently rented to tenants, as part of our longer term planning.

Did you like reading this article? Help us writing more!

CJAG website has been publishing local news for more than 14 years and remains committed to providing local community information and public interest journalism.

We aim to feature as much as possible on community campaigns and initiatives, local societies, charities based in the area, fundraising efforts by residents and helping residents.

We've always done that and won't be changing, in fact we'd like to do more.

Until recently, all stories, analysis and reports published have been made with the great help of many volunteers. However, at the end of the day it cost time and efforts and we are frustrated that we cannot do more: there are many subjects that we would like to cover but we need financial resources to help us providing regular information.

We are therefore asking our readers to consider offering financial support to these efforts. Any money given will help support community and public interest news and the expansion of our coverage in this area.

2 ways of supporting our project

Do you think what we are doing is helping the community and you want to encourage us to do more? We have set up two ways of supporting our project:

  1. Paypal: For one-off contributions, you can just use your bank card. However if you wish to encourage and support us regularly with a small amount, you will need a Paypal account to set up a monthly subscription. Click here to donate.
  2. Patreon: this is a well-known membership platform that connects content creators with supporters. Mainly, it offers financial tools that let supporters subscribe to projects that give creators a predictable income stream as they continue to create content. Click here to subscribe and support us regularly.

If you do support us in this way we'd be interested to hear what kind of articles you would like to see more of on the site – send your suggestions to the editor.

CJAG News editor and Clapham Junction Action Group co-founder and coordinator since 2008, Cyril has lived in Clapham Junction since 2001.
He is also funder and CEO of Habilis-Digital Ltd, a digital agency creating and managing websites and Internet solutions.