Exeter City Living
Stories about Exeter City Living
First phase capital cost of legacy Exeter City Living Whipton Gardens project to exceed £12.5 million – £364,000 per flat
Financing for second phase yet to be found as adjacent Rennes House demolition costs rise to £1 million and Exeter City Living reports year-end loss in residual Guildhall flats management role.
Second undervalue sale of Clifton Hill sports centre site after buyback loss leaves city with £3m less than initial market value
Council sold land for £2.14m – at £2.11m discount – then bought it back for £3.037m before selling again for £3.375m at £425,000 discount with £225,000 sweetener after also agreeing to spend net £600,000 on preparation, marketing and disposal costs.
Council to mothball Exeter City Living Vaughan Road flats after first phase leaving £2.75m groundworks fenced off
Twelve year-old plan to rebuild remaining pre-war Laing’s Easiform council houses in Buddle Lane estate to be seen through to completion instead, as undelivered local housing promises finally collide with reality.
City council set to sell Belle Isle Depot for second time
Decision follows Exeter City Living failure to redevelop council green space operations base at heart of Belle Isle Park for luxury housing.
Auditor broadens inquiry to include Exeter City Futures and ex-CEO secondment to liquidated company
More “significant weaknesses” found in city council governance and financial and performance management arrangements while St Sidwell’s Point valued at £7 million less than build cost and £370,000 ex-CEO final year pay and benefits confirmed.