Asset Development and Disposal Programme (ADDP)
The Asset Development and Disposal Programme (ADDP) is one of the 28 transformation programmes to deliver a sustainable council. It is changing how the council is doing things in terms of process, consideration of risk and overall culture as well as a proactive delivery approach.
The council approved the ADDP and phase one of the programme at Cabinet on 19 March 2024 and at Full Council on 20 March 2024. This is a transformational programme that aims to support the council’s growth agenda by delivering asset development and disposal opportunities over the next five years. It is primarily about ensuring financial sustainability for the council through capital receipts and at the same time enabling development and regeneration of our city as one of the key land and asset holders in the city.
On 17 December 2024, Cabinet approved the phase two of assets recommended for disposal, development or regeneration. It was then approved at Full Council on Wednesday 26 February, where 32 assets are included in this phase to further explore disposal proposals and 6 assets recommended for development opportunities.
The sites in the ADDP include assets that the council holds both in and outside the Southampton area and range from commercial to investment to operational assets like car parks. The first site that was disposed of was One Guildhall Square in 2023.
April 2025 update
Under the ADDP programme, we have sold a small number of commercial type assets, including retail, industrial, or warehouses units. The sale of these sites generated over £15 million, which will make a significant contribution to our ongoing Transformation Programme, to support our financial sustainability, help us focus on our core business, and support growth in the city.
Assets outside Southampton
Asset | Type | Disposal method |
---|---|---|
Unit 50, Warth Park Way, Raunds, Northants | Industrial or warehouse site | Freehold disposal |
3 Ely Road, Cambridge | Vacant office site | Lease surrender |
Assets in Southampton
Asset | Type | Disposal method | Notes |
---|---|---|---|
Floating Bridge Road | Industrial or warehouse site | Freehold disposal | Auction sale |
134-136 Above Bar Street | Retail unit | Freehold disposal | Auction sale |
Albert Road North | Commercial unit | Freehold disposal | - |
11, 13, 17 Above Bar Street | Retail units | Freehold disposal | - |
Houndwell Place | Student accommodation site | Freehold disposal | - |
The sites we have sold will have a very small impact on our residence. These sales have also helped some local businesses who have been able to buy the freehold for buildings they were already occupying.
Cabinet reports
The ADDP is a five year programme which will be delivered in a phased approach.