Issue details

Land exchange to enable regeneration at Midland Street / Southampton Street in the Cultural Quarter

 

 

Please Note:  This decision was Called-In under Rule 12 of Part 4D of the Council’s Constitution.  The Call-In was considered by the Economic Development, Transport and Climate Emergency Scrutiny Commission at its meeting on 14 January 2026 where it was withdrawn by resolution of the Committee in accordance with Rule 12 (g) of Part 4D of the Council’s Constitution.  The original decision taken on 26 November 2025 is, therefore, deemed to be revived in its entirety.

 

 

To seek approval to enter into a land exchange agreement with Rakal Ltd involving land it owns land at Midland Street / Southampton Street and land the council owns at Queen Street/Southampton Street. See Plan 1 attached in the report. The Council will make a balancing payment to reflect the higher land value of the Rakal site.

Decision type: Non-key - Low

Decision status: For Determination

Wards affected: Castle;

Notice of proposed decision first published: 26/11/2025

Open/Exempt: Open;

Lead member: Sir Peter Soulsby, City Mayor peter.soulsby@leicester.gov.uk

Lead director: Andrew Smith

Department: City Development & Neighbourhoods

Contact: Brendan McGarry Email: brendan.mcgarry@leicester.gov.uk.

Decisions