Asset Disposal in Greater London

An asset disposal company operating in Greater London recently made the decision to raze a large area of land for development. The local council decided to appeal against this decision and has petitioned the Environment Agency (EA) for help. It claims that it is necessary to protect environmental quality, as well as ensure that resources are used efficiently and effectively.

This raises two questions: how does the EA decide what sites need protection? And what is happening with the assets currently on site?

The EA has said that there are a number of factors involved in its decision-making process, including safeguarding natural habitats areas and protecting people from flooding by identifying vulnerable land features. Its job is to make sure that the public is not exposed to any risk of harm from erosion, flooding, pollution and contamination.

In this case it decided that the land in question would be better suited for development purposes. The EA has said that certain areas of land within Greater London are prone to flooding, and the Greater London Authority (GLA) has identified a need for more housing units. The EA stated that it was unlikely that this site will be flooded so it decided to grant permission for demolition.

The leaseholder of the assets in question has said it will use the money raised during its sale to invest in improving energy efficiency in its buildings. The leaseholder has also claimed that it will help the government to meet its environmental and housing targets.

The EA said that it was satisfied with this plan, as it is achieving environmental, social and economic objectives. However, the local council has not yet given up its fight. It believes that demolition of the land in question will prevent it from meeting its statutory duties of producing enough housing while still protecting the environment.