Harlow Council set to buy Terminus House ahead of redevelopment
They've called it their "most ambitious acquisition to date".
Harlow Council has exchanged contracts to purchase Terminus House, as they mark it as their "most ambitious acquisition to date" and "a major milestone in the transformation of Harlow town centre".
Following unanimous approval by councillors on 5 June, the council is now committed to buying Terminus House, comprising a 13-storey main building and a 6-storey car park.
Terminus House has previously been used by London boroughs as temporary accommodation.
Under the terms of the deal, the current owners will work to ensure all tenants are supported into alternative accommodation that they already own or offered alternative places to live.
Its redevelopment will deliver housing for Harlow residents and support the wider regeneration of the area, including the rebuilding of the bus station and the transformation of Terminus Street, which begins this month.
Councillor Dan Swords, Leader of Harlow Council, described the purchase as a defining moment: “We are Building Harlow’s Future and are on a mission to rebuild our town.
"This is a landmark moment, and our boldest property purchase yet, bringing another significant building and site which will come into council ownership.
“Redevelopment proposals for the site will take some time, meanwhile, the current owners will follow a process to relocate existing tenants outside the town.
“Our vision is clear: to create one of the best town centres in the UK - an exciting, dynamic space that serves people of all ages, at all times of the day.
"Redeveloping Terminus House is a vital step in restoring pride and unlocking Harlow’s full potential.”